under the allowance method of accounting for bad debts It guarantees that receivables are reported at their cash realizable amount on the balance sheet and better matches expenses and revenues on the income statement.
To follow the wrong debt expense to the period in which the revenues were taken home. Under the share way, when a particular account is written , the share account is debited and the accounts receivable account is credited. Flora uses the share way of accounting for uncollectible accounts receivable. When using this method of accounting for uncollectible accounts, the entry to record the bad debts expense is a debit to wrong debts expense and a credit to accounts receivable. Under this method of accounting for uncollectible accounts receivable, no estimate is made to predict wrong debts expense.
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what are some key ways in which government spending and tax expenditures differ? select all that apply.
Tax expenditures lower the amount of tax revenue that can be used for government spending, whereas government spending directly deducts from the federal budget.
What does "tax" mean?A tax is a legally required fee or economic charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public spending programs are then funded with the funds that have been raised.
How come we pay taxes?HMRC collects income tax on the government's behalf. It is employed to assist in financing public services. the National Health Service, education, and welfare programs, as well as funding for public works initiatives like building roads, rails, and homes.
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if you were to buy one cherry tree and one apple tree from the stark bros. fruit trees and landscaping catalog in two separate orders, you would pay a total of $112.99. however, if you order the cherry and apple tree together in the same order, you pay only $99.99 each. when purchasing the two trees together, what pricing strategy does stark bros. employ?
If you were going to buy one cherry and apple tree from the stark bros. So, when purchasing the two trees together, the pricing strategy which the stark bros employ is that bundle pricing.
Bundle pricing refers to a business strategy wherein the business companies group several products together which is mainly into a bundle and then sell them at a single price, rather than attribute individual prices to each item.
However, bundle pricing is a pricing strategy which tend to focus on the idea of consumer surplus and the notion that customers do typically have a predetermined price that they are willing to pay for a particular item.
Hence, the pricing strategy which is employed by the stark bros is called bundle pricing.
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When creating a résumé, other experiences should be included only if they are relevant to the job objective.a. Trueb. False
Answer:
a. True
Explanation:
A resume is an essential part of a job application. It is appreciable as well as recommendable if the applicant mentions experience that the company requires. For displaying to the company that you are a potential candidate and can use your experience to expertise in the field.
Jeanette wants to combine data from four workbooks into a new workbook that will consolidate her data. She can write a function that will combine the data, or she can use the Consolidate Data dialog box. What is an advantage of using the Consolidate Data dialog box?
A. Consolidated data can be combined from any location on different workbooks.
B. The data can be consolidated in one step by clicking on the Consolidate Data box.
C. The data from each workbook can be seen in the workbook by clicking on the Collapse button.
D. The consolidated workbook always updates when changes are made in the individual workbooks.
Jeanette wants to combine data from four workbooks into a new workbook that will consolidate her data. She can write a function that will combine the data, or she can use the Consolidate Data dialog box. The advantage of using the Consolidate Data dialog box is that the data from each workbook can be seen in the workbook by clicking on the Collapse button. Thus option (C) is correct.
What is Data?
In computing, data is information that has been translated into a form that is efficient for movement or processing. Relative to today's computers and transmission media, data is information converted into binary digital form.
It is acceptable for data to be used as a singular subject or a plural subject. Raw data is a term used to describe data in its most basic digital format.
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when marketers set communication objectives, choose media, and determine costs for each communication type chosen, they are using what imc budget method? multiple choice question.
When marketers set communication objectives, choose media, and determine costs for each communication type chosen, they are using promotion mix IMC budget method.
Coordinating all of this activity across many communication channels is what integrated marketing communication (IMC) is all about. Observe that persuasion convincing people to believe something, desire something, or act is a key element of this concept. In line with an organization's marketing strategy, effective marketing communication is goal-oriented.
It seeks to communicate a specific message to a selected group of people with the intention of changing attitudes and/or behaviour. Because it uses a variety of communication channels and customer touch points to convey a consistent message in more and more persuasive ways, integrated marketing communication (IMC) makes this marketing activity more effective and efficient.
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diane purchased her house and had it assembled before it was moved to her lot. she purchased a a. condominium b. cooperative housing c. manufactured home d. single-family dwelling e. townhouse
Diane purchased a manufactured home as her house was already assembled and ready to use when it was moved to her lot. No further assembling or construction was required on her house.
The correct answer is option c. Manufactured home.
Manufactured housing is a sort of prefabricated house that is primarily put together in factories before being delivered to use. To ensure the initial and ongoing transportability of the home, manufactured homes are constructed as dwelling units with a minimum square footage of 320.
Some of the several types of manufactured homes are mobile homes, modular homes, pre-cut homes, and panelized homes. The modular home, which is constructed room by room with premium materials, is one of many styles of manufactured homes.
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if the demand for a good is unit elastic and the price of the good increases, then group of answer choices total revenue is not affected. total revenue decreases. the direction of the change in total revenue cannot be determined from the information given. total revenue increases.
That a change in price results in a large change in quantity demanded.An example of products with elastic demand is consumer durables.
These are items that are bought, like a washing machine infrequent or a car, and can be put off if the price goes up.Elastic unit demand is known as a demand in which any change in the price of a good leads to an equally proportional change in the quantity demanded. In other words, unit elastic demand implies that the percentage change in quantity demanded is exactly the same as the percentage change in price.Unit elastic goods are those for which demand or supply is affected by the price change. For example,if the price of bananas goes down,the number of people who buy them may increase because they can now buy more because the prices have gone down.This would be an example of unitary elasticity demand supply.
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a taxpayer reported the following items this year: net investment income $ 4,500 investment interest expense 1,400 fees paid for investment advice 2,000 safe deposit box rental fee (used for investments) 300 what amount, if any, may the taxpayer deduct on schedule a related to investment expenses for the current year?
Few investment-related expenses are no longer deductible as a result of the Tax Cuts and Jobs Act of 2017, so fees for investment advice and safe deposit rental are not deductible. However, if we itemize deductions, investment interest expenses are still eligible.
Assuming the year 2020
The taxpayer may write off $1400 in investment interest costs.
Any interest you spend on a loan used to purchase real estate for investment reasons is referred to as a "investment interest expenses." Let's consider an example where you borrow $5,000 against the equity in your home and utilize it to invest in stocks.
That loan's interest is investment interest. (Since you didn't spend the money to purchase, construct, or enhance your property, it wouldn't be deductible as mortgage interest.) Only a proportion of the interest you pay can be written off if you only employ a portion of the borrowed funds for investments.
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kahleel malik has a bond with 10 years to maturity, a face value of $1,000, annual interest of $60, and a market price of $600. what is the yield-to-maturity on this bond?
kahleel malik has a bond with 10 years to maturity, a face value of $1,000, annual interest of $60, and a market price of $600. 12.5% is the yield to maturity on this bond.
The formula for yield to maturity is:
Yield to maturity = C + F - P /n / F + P / 2
where,
coupon payment, C = $60
face or par value of the bond, F = $1000
current price of the bond, P = $600
no. of years to maturity, n = 10
by substituting all the values,
Yield to maturity = $60 + ($1000 - $600) / 10 / ($1000 + $600) / 2
= $60 + ($400 / 10) / ($1600 /2)
= $60 + 40 / $800
= $100 / $800
= 12.5%
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the notion of physical distribution is a. an assessment of distribution costs. b. primarily the wholesaler's responsibility. c. the movement of products from producers to end users. d. used only by manufacturers. e. speed of delivery.
The handling and transportation of raw materials and completed goods from a manufacturer to a consumer, frequently through an intermediary, is referred to as physical distribution.
How does physical distribution work?Dispersal. - Physical activities, such as moving, shopping, etc. - Defined as: The broad category of operations involved in moving things from their point of manufacture to their final points of sale and consumption.
What are some examples of physical distribution functions?The following crucial physical distribution processes are involved: customer service, order processing, inventory control, transportation and logistics, and packaging and materials
How does physical distribution work?The movement of goods, products, and raw materials between warehouses, manufacturing facilities, and distribution hubs, as well as the delivery of finished items to the consumer, is referred to as physical distribution.
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in auditing the balance sheet, most revenue and expense accounts are also audited. which accounts are most likely to be audited when auditing accounts receivable
Most income and spending accounts are examined as part of the balance sheet audit. The cost of sales and bad debt. The likelihood of an audit of accounts increases when accounts receivable are examined.
The income statement includes bad debt costs, which are often categorized as a sales and general administrative expense. On the balance sheet, the recognition of bad debts results in a corresponding decrease in accounts receivable, however firms maintain the right to recover money in the event that circumstances change.
The costs incurred in distributing, marketing, and recouping the cost of a good or service are known as selling expenses. The operating expenses of a corporation are made up of three different types of costs.
A company's bad debt to sales ratio is a percentage of both its annual sales and its uncollectible accounts receivables.
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on january 1, ripken corporation had 80,000 shares of $10 par value common stock outstanding. on may 11 the company declared a 10% stock dividend to stockholders of record on may 25. market value of the stock was $13 on may 11. the entry to record the transaction of may 11 would include a
The journal entry to record the transaction of May 11 would include:
Debit to dividend for $8,000Credit to shareholders for dividends for $8,000What is stock dividend?A dividend, in this case "common stock dividend" refers to is the dividend paid to common stock owners from the profits of the company. Just like other dividends, the payout is in the form of either cash or stock. The law may however regulate size of the common stock dividend particularly when the payout is a cash distribution tantamount to a liquidation.
Here, we only recognize equity item which are "dividend and a liability" and "shareholders for dividend on declaration date".
The computation of the Dividend goes as:
= 80,000 shares x $10 x 10%
= $8,000
Date Account titles Debit Credit
Dividend $8,000
Shareholders for dividends $8,000
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suppose you and a coworker are given a difficult task that requires you to give 110%, but your coworker does not pick up the slack. how do you approach the situation?
suppose you and a coworker are given a difficult task that requires you to give 110%, but your coworker does not pick up the slack. There are several. Although it's undoubtedly the right thing to do, approaching the establishment won't make you any friends.
Everyone will mistrust you, even those who are frustrated by this employee's or coworker laziness. There are numerous social factors at work. You are permitted to bring up the situation if he (or she?) is actually making you do more work. "Hey mate, I'm not your employer; I could care less what you do, but I'm forced to do (whatever additional work you're doing) since you're not," he said. Effort your weight Alternately, if your management is even remotely adequate, simply wait. Trust me, they've taken note. They'll eventually remove him (or her).
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what would rita's home office deduction be if her business generated $10,900 of gross income instead of $15,900? (answer for both the actual expense method and the simplified method.)
Rita's home office deduction be if business generated $10,900 of gross income instead of $15,900 would be $8,200.
What is gross income?The total of all wages, salaries, profits, interest payments, rents, and other sources of income for both families and individuals, before any deductions or taxes, is known as gross income. Net income is determined as gross income less all taxes and other deductions. Net income is the inverse of gross income. A company's gross income is determined before deducting overhead, payroll, taxes, and interest payments. It is the difference between revenue and the cost of producing a good or providing a service. This is different from operating profit. Technically, gross margin should be used when discussing a percentage or ratio while gross profit should be used when discussing a monetary amount. To put it another way, gross profit is expressed in terms of money, whereas gross margin is expressed as a percentage.
Computation of Rita’s home office deduction for the current year if Gross income is $10,900:
Rita’s home office deduction will be limited to =300square feet × $5 application rate= $1,500.
However, she can deduct the expenses relating to interest and taxes = $6,700 as itemized deductions.
Thus, total deductions = $1,500+ $6,700 = $8,200.
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if the minimum expected regret (i.e., minimum eol) is computed, it indicates to a decision-maker the: group of answer choices the expected value of perfect information (evpi) highest expected monetary value (emv) expected payoff under certainty expected profit with perfect information (eppi)
If the minimum expected regret is computed, it indicates to a decision-maker the expected value of perfect information(EVPI)
A measurement of the expected value of perfect information (EVPI) in a setting of decision-making is the least expected regret. It symbolizes the highest price a decision-maker would be ready to pay to learn everything there is to know about the results of every course of action before making a choice. It represents the anticipated loss that a decision-maker would suffer if they lacked complete knowledge of all the possible outcomes.
Based on the anticipated value of the information or activity, this metric can be used to direct decisions over whether to obtain additional information or take a specific action. The outcome that would have been attained if the decision-maker had perfect knowledge of the true value of each action would be compared to the expected outcomes of those actions in order to determine the minimum expected regret. This can be done by taking into account all possible actions and their associated outcomes.
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a liability is a probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events.
The management of liabilities is an important part of a company's financial health and solvency.
Managing Liabilities: Essential to Maintaining Financial Health and SolvencyLiabilities are typically listed on a company's balance sheet and include items such as:
Accounts payableAccrued expensesBonds payableDeferred revenue, and other debtsLiabilities are a result of past transactions or events and represent a probable future payment of assets or services from the company. It is important for companies to manage their liabilities in order to remain financially healthy and solvent. Failure to do so could lead to financial distress or insolvency.
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employers with a strong evp are three times as likely to report on achieving financial performance significantly above their competitors. group of answer choices true
Employers with a strong EVP are three times as likely to report on achieving financial performance significantly above their competitors.
This statement is True.
More specifically, Employer means any organization, agency, government agency, agency, company, professional services firm, non-profit organization, that employs or employs an employee or person who may be described as an employee. You are a small business, business, or individual.
An employee is a person who works for a company and receives a salary, and an employer is a person or organization that hires workers to perform a job or task.
The primary responsibility of the employer is to ensure that the workplace is safe and that all persons working or visiting the workplace are not exposed to danger or harm from their work. is. For example, employers should:
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if annual real gdp per capita growth in south africa averages 1.8%1.8% , how long will it take the country to double its real gdp per capita?
When the annual real GDP per capita growth in South Africa averages 1.8%. It will take them 38.89 years to double their GDP.
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific period by countries. The above problem can be calculated using the Rule of 70.
The Rule of 70 is used to determine the number of years it takes for a variable to double by dividing the number 70 by the growth rate. It is used to determine the time taken for a country to double its GDP.
Given,
Annual GDP growth per capita = 1.8%
By using Rule 70, we get:
Doubled GDP = 70 ÷ 1.8%
Doubled GDP = 70 ÷ 0.018 = 38.89 years.
So, we can conclude by saying that, it will take South Africa 38.89 years to double its GDP.
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People fill out a w-4 form when they first start a new job. what does this form help to determine?
a. the amount of money that should be added to the employee’s salary
b. the amount of money that should be returned for paying too much in taxes
c. the amount of money that should be withheld in federal taxes
d. the amount of money that should be paid in state taxes
A) At the start of any new job, the Employee's Withholding Certificate, Form W-4, is typically completed. The amount of federal income tax that should be withheld from each paycheck is specified on this form to your employer.
Find out a w-4 form when they first start a new job.This structure is vital in deciding your funds to be paid or discount each expense season.
If you haven't changed jobs recently, you'll notice that the W-4 form that every employee needs to fill out to figure out how much tax is deducted from each paycheck has changed. According to the Internal Revenue Service (IRS), the form has been updated to improve transparency and accuracy of the payroll withholding system.
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Answer:
C
Explanation:
transaction exposure and operating exposure exist because of unexpected changes in future cash flows. the difference between the two is that exposure deals with cash flows already contracted for, while exposure deals with future cash flows that might change because of changes in exchange rates. a) transaction; operating b) operating; transaction c) operating; accounting d) none of the above
Transaction exposure and operating exposure exist because of unexpected changes in future cash flows. The difference between the two is that transaction exposure deals with cash flows already contracted for, while operating exposure deals with future cash flows that might change because of changes in exchange rates.
The danger of suffering a loss due to a change in currency rates during a commercial transaction is known as transaction exposure. Between the dates when a transaction is booked and when it is paid, there are fluctuations in foreign currency rates that cause this risk.
Transaction exposure only applies to parties to a transaction who must send or receive cash in a different currency; parties that exclusively trade in their own currency are not at risk from translation exposure. If the currencies used in an overseas transaction have a history of experiencing considerable changes, this might be a very risky situation.
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sofa regularly sells for $570. the sale price is $498.75. find the percent decrease of the sale price from the regular price. (keep two decimals.
The percentage decrease of the sale price from the regular price is 12.54%.
What is the price?The amount of money required to obtain a certain thing is referred to as its price. Price is a measure of value in the sense that the amount people are willing to pay for a commodity signifies its value. The price of a product is the amount of money that customers are willing to pay for it.
Percentage(%) change in price is computed as:
% change in price = Amount of change/Original amount×100 .....(1)
Computation of reduction in the sale price compared to the normal pricing:
According to the given information,
The price of the sofa changed from $570 to $498.75
then, the Amount of change =$71.25
Apply the given values in (1),
% change in price = Amount of change/Original amount×100
% change in price = $71.25/$570×100
% change in price = 12.54%
Therefore, the percentage change in price would be 12.54%.
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what is jada's budgeted food cost per meal for the upcoming year (last year's food cost estimated increase)?
The cost of products sold is the quantity of money you've got spent on substances and inventory in a given duration – we will display you a way to calculate that, too.
To calculate the food value percentage, upload the value of the stock at the beginning of the week to the value of your purchases made in the course of the week. Then subtract the fee of your inventory at the end of the week. This number — your meals charges — is then divided with the aid of your overall food sales.
To calculate the precise food price, first, decide the food price of each menu item. Then multiply the cost of every menu object via the number of instances it became sold in a given time frame.
In other words, your multifocal prices are calculated as TC = TVC + TFC. See examples for generally fixed costs and overall variable fees. general charges are a critical statistic used to calculate accounting profit. the sum of all money obtained by the commercial enterprise from the sale of the goods it markets in the course of the modern period.
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What are some ways to test scientific explanations by using experimental and observational testing?
Make an observation and inquire about a natural occurrence. Speculate, forecast the logical outcomes of your hypothesis, then test your hypotheses using controlled experiment, natural experiment, an observational study, or field experiment.
What is an observational study?In disciplines including epidemiology, social sciences, psychology, and statistics, observational studies extrapolate findings from a sample to the entire population even while the independent variable is not in the researcher's control due to ethical considerations or practical limitations. One typical observational study examines a person's potential response to a therapy, but the researcher has no control over which group the individual is placed in—the treated group or the control group. Contrast this with tests like randomized controlled trials, where each subject is arbitrarily assigned to either a treated group or a control group. Because there is no assignment mechanism in an observational study, inferential analysis is necessarily challenging.
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if provided for in the controlling agreement, a trust might terminate when the income beneficiary reaches age 35. group of answer choices true false
When the beneficiary reaches a certain age or completes his or her schooling, the trust may end.
The trust will also expire at the death of the final beneficiary. The trust's termination date, when the remaining assets will be given to the beneficiaries, may also be specified. Age exclusion When the beneficiary reaches a certain age, the trust is automatically terminated, according to a stipulation added by the trust's originator. For instance, the agreement states that the beneficiary would get the trust's property when they turn 21.
You need the assistance of a trust lawyer experienced in trust and estate law if you are a beneficiary or other party to a trust and are dealing with a termination or other legal issue.
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cross-industry standard process for data mining (crisp-dm) consists of six phases. of the six, which one represents the phase where data wrangling occurs?
Data understanding is the one represents the phase where data wrangling occurs.
What is Data understanding?A "sole source" procurement is one where the PHA only accepts proposals from one source. It is referred to as a "single source" procurement when the PHA obtains quotes from several providers but only receives one.
Non-competitive negotiation is the phrase for discussions with a single vendor to set contractual terms and conditions, including but not limited to contract pricing, outside of the established procedures for competitive bidding.
Thus, it is Data understanding.
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if a company has 1,000 shares at a price of $2 per share, which includes earnings per share of $1, what is the market capitalization?
if a company has 1,000 shares at a price of $2 per share, which includes earnings per share of $1, the market capitalization is $2000.
The total value of the outstanding common shares owned by stockholders of a publicly traded firm is its market capitalisation, often known as market cap.
Market capitalization is calculated by multiplying the number of outstanding common shares by the market price per common share. Since outstanding stock is traded on open markets, capitalization can be used to gauge how the public perceives a company's net worth. It also plays a role in some stock valuation models. Ranking the size of corporations sometimes depends on market capitalization. Only the equity portion of a company's capital structure is measured; management's choice of how much debt (or leverage) to use to finance the company is not taken into account.
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a borrower wishes to take out a reverse annuity mortgage on her house. what annual payment can she get if she decides on a $100,000 debt at the end of 10 years, the current rate is 9%, and she wants to take a $10,000 advance
The borrower can expect to receive an annual payment of approximately $1,480.33 if she decides on a $100,000 debt at the end of 10 years, with a 9% interest rate and a $10,000 advance.
To calculate the annual payment for a reverse annuity mortgage, you can use the following formula:
Annual payment = (Debt / Remaining term) * (Interest rate / (1 - (1 + Interest rate) ^ (-Term)))
In this case, the borrower wishes to take out a reverse annuity mortgage with a debt of $100,000 after 10 years, at an interest rate of 9%. She also wants to take a $10,000 advance. Using the formula above, we can calculate the annual payment as follows:
Annual payment = ($100,000 / 10) * (0.09 / (1 - (1 + 0.09) ^ (-10)))
= $10,000 * (0.09 / (1 - 1.09 ^ (-10)))
= $10,000 * (0.09 / (1 - 0.39))
= $10,000 * (0.09 / 0.61)
= $1,480.33
It's important to note that this is just an estimate, as the actual annual payment will depend on a variety of factors, including the borrower's age, the value of the property, and any fees or closing costs associated with the reverse mortgage. It's always a good idea to carefully consider all of the terms and conditions of a reverse mortgage before making a decision.
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during the current year, an individual who owns 100% interest in two rental real estate properties reports the following items: loss from rental estate property a (materially participates and performed 800 hours of service) ($20,000 ) loss from rental real estate property (actively participates) ($48,000 ) income from limited partnership (no material participation $12,000 income from dividends $15,000 what amount of the $68,000 loss may the taxpayer deduct this year?
Real estate property losses are considered passive losses.
Property losses: passive or proactive?They cannot be taken away from salary, stock investments, or savings balances. Passive income sources include businesses that rent out real estate and other forms of passive income.
Losses from rental properties are considered passive losses, and they frequently can only be utilized to reduce passive income (that is, income derived from small enterprises or other rental properties in which you are not an active participant. Investments are not a part of this).
What qualifies a property passive loss?Passive losses may also emerge through the sale of a passive company or piece of property, in addition to expenses exceeding income. The leftover losses may be carried over to the subsequent tax year if there is sufficient passive income to cover the excess of losses above passive activity revenue.
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assume you want to send a cupon to select customers and the breal-even response ratew is 0.35. how many customers will recieve the offer?
Determine the interest rate at which it must borrow $10,000,000 for two months in order to break even.
On 66 shares, your annual dividend income would be 66 x $1.88, which comes to $124.08. d. The price-earnings (PE) ratio can be used to calculate earnings per share: given cost
How to figure out the break-even point using units: Subtract the variable cost per unit from the revenue per unit to arrive at the fixed cost ratio.
A break-even point based on sales dollars is calculated as follows: Divide the contribution margin by the fixed costs. By dividing the fixed production costs by the price per unit less the variable production costs, the break-even point is determined in accounting. The level of production at which the break-even point is reached
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the measurement of the number of customers who stop using or purchasing products or services from a company is called
The measurement of the number of customers who stop using or purchasing products or services from a company is called reduced churn rate.
The number of consumers who discontinue using or buying goods or services from a business is measured as the "churn rate," which is a crucial sign of the expansion or contraction of a company's clientele.
The rate at which consumers cease doing business with a company is known as the churn rate, sometimes referred to as the rate of attrition or customer churn. The most popular way to express it is as the percentage of service subscribers that cancel their memberships within a predetermined time frame. It is also the frequency of employees quitting their positions within a predetermined time frame. A company's growth rate (determined by the number of new customers) must be higher than its attrition rate in order to grow its customer base.
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