The accounting information of a privately held company is generally available to all of the following except for A. Competitors.
What is a privately held company?A privately held company is a private company.
It does not sell its stock or shares to the public.
Examples of privately held companies include:
Sole proprietorshipsLimited liability corporations (LLCs)S corporations (S-corps)Some C corporations (C-corps).Thus, the accounting information of a privately held company is generally available to all (governmental agencies, investors, creditors, and lenders) except for A. Competitors.
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Why is the allowance method preferred over the direct write-off method of accounting for bad debts?.
The allowance method is preferred over the direct write-off method of accounting for bad debts I'm not hungry, bud. I got too exhausted to sleep right now because we caught the one I saw in my truck yesterday, so I'll just go back to sleep for the time being.
What is accounting?The process of gathering, compiling and reporting information on business and financial transactions. also: this system's guidelines and practices. as a first-year student, I studied accounting: work done in accounting or by accountants.
By recording bad debt expenditure within the same accounting period that income is recorded, the allowance approach adheres to the matching principle. Users benefit from a more accurate display of net income or net loss as a result.
Because bad debt expenses are incurred closer to the point of sale or service, the allowance technique may be more advantageous for a business than the direct write-off method. The allowance creates a more realistic estimate of the end-of-period financials, enabling the organization to understand its situation and plan accordingly.
Therefore, Method is favored by the direct write-off approach to bad debt accounting. I don't need food,
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Question 13 (5 points)
Which of the following arguments would an economist use in favor of sustainable development?
Improved education is the key to economic development.
Rapid development causes environmental problems for the whole world.
There is not enough wealth in the world to sustain development.
Less developed countries need to industrialize quickly to keep up.
Answer:
Improved education is the key to economic development.
Explanation:
What is development without education, then we will just go back to the Savage civilization, education is fundamental in our professional and personal life, it deals with everything. Like industrialization, cooking, economic development and everything else. So for sustainable development for a developed or developing country one needs education to become skilled and help in the development of ones country
What can you do if you aren't sure how to create good content for your website?
a. hire a copywriter
b. stick with headings and captions
c. write anything to fill the pages
d. add more video links
What can you do if you aren't sure how to create good content for your website is: a. hire a copywriter.
How to create good content for your website
If you do not know how to create good content that will attract people to your website the best choice is to hire a copy writer.
A copy writer will be in the best position to help you write good content until you are capable of writing good content your self without the help of a copy writer.
Therefore the correct option is A.
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Question 3 of 10
If you achieve excellence in music, film, dance, literature, or visual arts, you
might qualify for this type of scholarship.
A. Underrepresented student scholarship
OB. Athletic scholarship
OC. Academic scholarship
D. Creative scholarship
Answer: Creative scholarship
Explanation: Because
If you achieve excellence in music, film, dance, literature, or visual arts, you might qualify for Creative scholarship. The correct option is (D).
What do you mean by the Creative scholarship?When you reimagine an existing piece of art or construct a new one from scratch, you are engaging in creative scholarship.
For fine arts students with talents in the visual arts, there are numerous innovative scholarship opportunities. Photography and design-based disciplines like painting, graphic design, and animation are considered visual arts majors.
You can participate in your field as both a student and a scholar through research and creative scholarship. Development of new knowledge and its discovery with the intention of disseminating it through publications, performances, and presentations.
Therefore, if you achieve excellence in music, film, dance, literature, or visual arts, you might qualify for Creative scholarship.
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The Herfindahl index equals ______. Multiple choice question. total market shares of the largest four firms in an industry sum of the squared percentage market shares of all firms in an industry average percentage market share in an industry percentage market shares of all firms in an industry
The Herfindahl index equals sum of the squared percentage market shares of all firms in an industry.
What is Herfindahl index?The Herfindahl Index can be regarded as the common measure of market concentration which is used in measuring the market in term of the competition.
In calculating this Herfindahl Index, we can determine the pre- and post-M&A and equals sum of the squared percentage market shares .
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Why must a marketing manager consider pricing objectives and constraints?.
Answer:
marketing manager considers pricing objectives and constraints to narrow the range of choices among the variety of pricing strategies demand curve enables a firm to examine prices in terms of quantity sold cost changing constraints as a result most firms change the price of their products more often if they sell online
Explanation:
The product development team of north balance, a new workout routine, is brainstorming
ideas and searching for new routine ideas for their workout. what stage is the company in of
new product development?
Idea generation stage is the company in of new product development. The product development team of north balance, a new workout routine, is brainstorming ideas and searching for new routine ideas for their workout.
What is the idea generation in product development?Idea generation stage is the stage where one has the idea of doing something unique, at that time they just analyses the need of something. After generation of, the Person evaluates the circumstances and the starts taking action to the idea.
Thus, it is Idea generation stage
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How does a magazine sustain the alternating interests of readers who on account of life issues are moving on to the next segment outside of the topical limits of a publisher's title
One way a magazine can sustain reader interest which are alternating is to take advantage of outside partnership from other print medias.
What is Reader Interest?This refers to the level of interest a group of readers have for a particular written literature and whether they have low or high reception to the written work.
Hence, we can see that based on the fact that a magazine is periodical, it is possible to enter a partnership with another print media who has no such limits to a publisher's title to publish and hence, maintain reader's interest.
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Refers to the total number of units that are purchased at that price.
The total number of units purchased at that price is called the quantity demanded.
What is the Demand VS Quantity demanded?Demand refers to the quantity of the goods and services that a customer is willing and ready to buy at the given price during the particular period of time.
Quantity demanded refers to the amount of goods and services that customers/ people will buy at particular price and at particular point of time.
The formula to find the demand is = Qd = x + yP, where Qd is demand, x is quantity and yP is the price.
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5 things that local business can do to end unemployment
All of the following involve counterbalancing errors except the failure to record prepaid expenses. understatement of inventory. overstatement of purchases. failure to adjust for bad debts.
The items that are not counterbalancing errors includes the failure to record prepaid expenses.
What is a counterbalancing error?This refers to the type of error that will be offset or corrected over 2 periods of accounting.
Hence, the failure to record prepaid expenses and depreciation does not involves a counterbalancing errors.
Therefore, the Option A is correct.
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Pvt thompson is directed to move a 24-foot metal extension ladder from the supply room to the barracks for a work detail the next day. she has to cross a 300-meter open field to get to the barracks. there is a thunderstorm in the local area forecasted to last for two hours. pvt thompson decides to wait until the thunderstorm passes before moving the ladder across the field. which type of control option did this marine use to mitigate the risk of the thunderstorm
The control option that marine use to mitigate the risk of the thunderstorm is known as delay an action.
What is a risk mitigation?This refers to any risk strategy that prepares for or lessen the effects of threats faced by a business, firm etc
When PVT decides to wait until the thunderstorm passes before moving the ladder across the field, then, the control option that marine use to mitigate the risk of the thunderstorm is known as delay an action.
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INTERVIEW a business owner on the crisis experienced in the workplace attach an interview schedule as part of your oral presentation
Interview helps to select the best fit for a Job.
What is interview?Interview is usually an interactive sessions between an intending employee and the human resources personnel.
The sessions is to know if the individual is the best fit for a job.
Therefore, Interview helps to select the best fit for a Job.
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An investment had a nominal return of 11.7 percent last year. The inflation rate was 4.4 percent. What was the real return on the investment?
The real return on this investment equals to 7.3%.
What is a real return on an investment?This refers to the amount earned on an investment after accounting for taxes and inflation.
Real return = Nominal return - Inflation rate
Real return = 11.7% - 4.4%
Real return = 7.3%
Therefore, the real return on this investment equals to 7.3%.
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A firm evaluating two mutually exclusive projects can Blank______. Multiple select question. accept one of the projects reject both projects accept both projects reject one of the projects
When a firm is evaluating two projects that are mutually exclusive, they can:
accept one of the projects.reject both projects.reject one of the projects.What happens when a firm has mutually exclusive projects?Mutually exclusive projects mean that only one project can be embarked on at any given point.
This means that a firm will have to accept one project, and reject the other. They could also reject both projects.
The options are:
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What is the total annual dividend received from
owning 100 shares of stock A, if Company A
issues a $0.20 quarterly dividend to its
shareholders?
There are 4 quarters to a year.
0.20 x 4 = $0.80 per year per stock
100 x 0.80 = $80 per year.
answer: $80
Job order production is most likely used by companies that produce: multiple choice question. customized wedding cakes cake pans chocolate chip cookies cookie sheets
Job order production is most likely used by companies that produce customized wedding cakes.
What is Job order production?
Job order production is used to producing customized products for a specific customer. Because each order or job is a personalized order submitted by the customer.
Producing bespoke wedding cakes to order for particular occasions or to fulfill the needs and desires of customers. The product is custom-ordered by the consumer, and the manufacturer develops and manufactures it.
As a result, Job order production is producing designed product to fulfill the customer needs such as customized wedding cakes.
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The ipad disrupted consumer equilibrium because spending shifted from alternative products with a(n) ______ marginal-utility-to-price ratio to ipads as a way to increase total utility.
The ipad disrupted consumer equilibrium because spending shifted from alternative products with a(n) lower marginal-utility-to-price ratio to ipads as a way to increase total utility.
Consumer's Equilibrium can be defined as the satisfaction a consumer derived from using a product.
Total utility and marginal utility work together or hand in hand as it tend to determine the satisfaction a consumer derived after a product consumption.
Therefore an increase in total utility can tend to lower marginal utility.
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A six-month moving average forecast is generally better than a three-month moving average forecast if demand: Group of answer choices follows an upward trend. exceeds one million units per year. has been changing due to recent promotional efforts. follows a downward trend.
A six-month moving average forecast is generally better than a three-month moving average forecast if demand: is rather stable.
What is stable demand?This is the type of demands that occurs where by there is no change in the demand over a period of time.
The stable demand is known to have the same shape or remain the same way for a period of time.
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Which of the following is not one of the four main types of inventory?
a. raw material inventory
b. work-in-process inventory
c. maintenance/repair/operating supply inventory
d. safety stock inventory
e. All of these are main types of inventory.
Answer:
All of these are main types of inventor.
Of all the given types of inventory, the one which is not on the list of four main inventory is the safety stock inventory. Hence, Option D is correct.
What is an inventory?
The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities.
There are four basic categories of inventory: finished items, MRO, WIP, and raw materials/components. All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.
Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.
Thus, Option D is correct.
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How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.
In order to calculate a customer's ability to pay, disability payments shall be analyzed by creating an income or a debt ratio.
What are disability payments?
A payment which is received by an individual on account of not being able to work or provide his services due to the illness, or any medical conditions as such, is known as a disability payment.
The disability payments are non-taxable, which means that a person is not liable to pay taxes over the income made through disability payments during the taxable year.
Hence, the significance of disability payments is given above.
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_____ is the breaking down of large shipments of similar merchandise into smaller, more usable quantities that can be sold to consumers and end users.
Breaking bulk is the breaking down of large shipments of similar merchandise into smaller, more usable quantities that can be sold to consumers and end users
What is breaking bulk?Breaking bulk can be regarded as the process involving delivering single units to retail outlets,, this is different from delivering using alot of units.
Therefore, breaking bulk involves distribution of goods and merchandise from the distribution centers using segments rather bulk.
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When independent auditors are able to maintain their actual independence, it is referred to as independence in _____.
An independence in fact occurs when independent auditors are able to maintain their actual independence,
What is a Real independence?This refers to independence of the auditor also known as independence of mind.
Therefore, an independence in fact is when independent auditors are able to maintain their actual independence.
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Economic profit is equal to total revenue minus the Group of answer choices explicit cost of producing goods and services. implicit cost of producing goods and services. accounting cost of producing goods and services. opportunity cost of producing goods and services.
Answer:
accounting cost of producing goods and services.
Explanation:
Assume Germany can either produce 3 bushels of wheat or 6 bushels of corn in a set period of time, and the United States can produce either 2 bushels of wheat or 3 bushels of corn in a set period of time. Which nation has a comparative advantage in producing corn
As per the given scenario, the Germany nation has a comparative advantage in producing corn.
What is comparative advantage?Comparative advantage is when one country can produce a good at a lower cost in terms of other goods.
As Germany can produce 6 bushels of corn and the united states can produce 3 bushels of corn in a set period, Germany has a comparative advantage in producing corn.
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Jan recently submitted a request for additional printer paper and ink cartridges for the printer in Martin's cubicle. Martin is the only person in the office who uses the printer. For this purchase, Martin could be considered by the buying center to be the
For this purchase, Martin could be considered by the buying center to be the user.
Who is a user?A user is someone who use a product or a person who bought a product or goods for their personal use or for their own usage.
Martin is considered by the buying center a user because he is the only person that uses the printer.
Therefore the correct answer is user.
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How is creating a report with the report wizard different from creating one with the report button?
The creation of report with the report wizard differs from creating one with the report button because the report wizard allows the user to have more options and flexibility in the design.
What is a report wizard?This refers to the self-service reporting solution that enables users to create business reports quickly and efficiently.
However, the creation of report with the report wizard differs from creating one with the report button because the report wizard allows the user to have more options and flexibility in the design.
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Zion company sells merchandise on credit to brc, inc. in the amount of $1,200. the entry to record this sale would include a: (check all that apply.)
The entry to record the sale of merchandise would include
-Debit to Accounts Receivable
-Credit to Sales
What is journal entry?Journal entry refers to how business transactions are recorded for ease of reconciliation.
Typically, when goods are sold, the accounts receivable is debited, while sales is credited.
Hence, the entry to record the sale of merchandise would include debit to Accounts Receivable and credit to sales.
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Using online and mobile banking apps to schedule automatic transfers of money into your savings account can help you _____. everfi
Using online and mobile banking apps to schedule money transfers to your savings account can help you meet savings goals.
How to manage personal budget?It is essential to organize your accounts and expenses in a structured way, allocating resources to be used according to your needs and desires. For this you can use technological resources, creating spreadsheets in applications increasing control over your budget.
Therefore, the control over the personal budget helps in the individual financial balance, organizing the accounts according to their needs.
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Wax music expects sales of $437,500 next year. the profit margin is 4.8 percent, and the firm has a 30 percent dividend payout ratio. what is the projected increase in retained earnings
$16,231 is the Projected Increase in Retained Earnings.
Explanationget here first Expected Profit that is express as
expected Profit = Sales × Profit Margin .......................1
expected Profit = 437500 × 5.3%
expected Profit = $23187.50
and Dividends is here as
Dividends = Expected Profit × Dividend Payout Ratio .................2
Dividends = 23187.50 × 30%
Dividends = $6956.25
Projected Increase in Retained Earnings will be
Projected Increase in Retained Earnings = expected Profit - Dividends ........3
Projected Increase in Retained Earnings = $23187.50 - $6956.25
Projected Increase in Retained Earnings = $16231.25
There are options missing in the question which is given below-
a. $16,231
b. $17,500
c. $18,300
d. $20,600
e. $21,000
Thus, the correct option is a. $16231
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