It is only option D. − = n/a − n/a + − n/a that reflects the effect of the year-end adjusting entry for Uncollectible Accounts Expense when the allowance method is used.
The entry reduces Accounts Receivable (Assets) through its contra account (the Allowance for Uncollectible Accounts).
It does not affect the liabilities. It reduces Equity because it is an expense that reduces Retained Earnings.
The entry does not affect the Revenue but increases Expenses, which reduce the Net Income.
It is not a cash flow item and does not affect the Statement of Cash Flows.
Data and Options:
Balance Sheet Income Statement Statement of
Cash Flows
Assets = Liabilities + Stockholders' Equity Revenue Expense = Net Income
A. − = n/a − n/a − − − OA
B. n/a = − − n/a + − n/a
C. n/a = − − n/a + − − OA
D. − = n/a − n/a + − n/a
The estimated Uncollectible Accounts Expense is Bad Debt Expense.
When this year-end adjusting entry is recorded, the financial statements affected are only the Income Statement (expenses) and the Balance Sheet (equity).
Thus, the only correct reflection of the adjustment is option D.
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if marginal cost is greater than average cost, then
Miller Company reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance Sheet: Accounts receivable, net $ 1,947.4 $ 1,574.6 Income statement: Sales revenue $ 18,276.6 A note disclosed that the allowance for uncollectible accounts had a balance of $27.4 million and $27.7 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $18.0 million. Required: Determine the amount of cash collected from customers during 2017. (Al
The Miller Company's cash collections from customers during 2017 are determined to total $17,885.8 million.
Data and Calculations:
Bad Debts Expense for 2017 = $18.0 million
Balance Sheet 2017 2016
million million
Accounts receivable, net $ 1,947.4 $ 1,574.6
Allowance for Uncollectible Accounts $27.4 $27.7
Accounts receivable, gross $1,974.8 $1,602.3
Income statement:
Sales revenue $ 18,276.6
T-Accounts:
Accounts Receivable
Account Title Debit Credit
Beginning balance $1,602.3
Sales revenue 18,276.6
Allowance for Uncollectible $18.3
*Cash 17,885.8
Ending balance $1,974.8
Totals $19,878.9 $19,878.9
Allowance for Uncollectible Accounts
Account Title Debit Credit
Beginning balance $27.7
*Accounts receivable $18.3
Bad debts expense $18.0
Ending balance $27.4
Totals $45.7 $45.7
*The amounts were determined by subtraction.Thus, the cash collected from customers during 2017 amounted to $17,885.8 million.
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Bina Co. purchased a machine on January 1st for $15,000 and estimates it will use the machine for three years with a $3,000 salvage value. Nina estimates that they will produce 1,500 units during year one, 1,000 units during year two, and 1,250 units during year three. Using the units-of-production method, compute the
machine's second year depreciation expense.
The machine's second year depreciation expense is $3,200.
The units-of-production method is a depreciation method where the depreciation expense in a given year is determined by the units of output produced in a given year.
Units-of-production method = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)
Total output of the machine = 1500 + 1000 + 1250 = 3750
Year 2 depreciation expense = (1000 / 3750) x ($15,000 - $3000) = $3,200
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Best Bottling is a beverage copacking company that contracts its beverage manufacturing services to small and upstart beverage brands. The leaders of Best Bottling have been updating their official statements to make it clear to customers that Best Bottling values customer service, product quality, and on-time order delivery. Best Bottling is at which step in the strategic management process
Answer:
Step 4: Implement the strategy
There are five steps in the strategic management process, Best Bottling company is in the fourth step that is the Implementation of strategy as it has planned its goals and now needs to put it into action.
What are the stages of the strategic management process?There are five stages:
Setting goals or ObjectivesAnalysis of goalsFormulation of strategyImplementation of strategyMonitoring of strategyImplementing a strategy means making the strategy work as intended or putting the organization's chosen strategy into practice.
Thus, Best Bottling company is in the fourth stage of the strategic management process. The correct answer is Implementation of strategy.
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12. Describe in your own words a sole trader type of business.
Answer:
A sole proprietorship or sole tradership is when an individual owns a business and operates that business under the legal framework of an individual. There is no exemption of liablity and no distinguish between the owner and the business.
What is private proptery rights?
Answer:
private proptery rights are real estates,buildings,objects,intellectual property
Explanation:
private proptery
The Port Pirie plant of Lewis Manufacturing Limited produces waffle irons for
domestic use. These waffle irons sell for $50.00 each. The plant uses a standard cost system for production costing and control purposes. The standard product costs assigned to a waffle iron appears in the image.
The Port Pirie plant’s planned production and budgeted sales for the coming year was 45,000 waffle irons. The basis for the standard variable overhead rate and the standard fixed overhead rate was planned annual production expressed in standard direct labour hours (i.e. 36,000 direct labour hours in total).
During the year, the Port Pirie plant experienced the following actual production
activity.
i. Production of waffle irons totalled 50,000 units. All of these waffle irons sold at
a price of $50 each.
ii. The Port Pirie plant purchased a total of 130,000 kilogram of raw materials at a
cost of $3.70 per kilogram during the year.
iii. There were 25,000 kilograms of raw materials in beginning inventory carried at
a cost of $4.00 per kilogram. There was no ending inventory of raw materials.
iv. The plant used 41,000 direct labour hours at a total cost of $533,000.
v. Actual fixed overhead totalled $95,000.
vi. Actual variable overhead totalled $250,000.
Required
(a) Present the sales and cost volume variances in a tabular format.
(b) Present the flexible budget variances in a tabular format.
(c) Compute the raw materials price and usage variances.
(d) Compute the direct labour price and usage variances.
(e) Compute the variable overhead price and usage variances. Explain the
relationship between the variable overhead price and usage variances and the
direct labour price and usage variances. Comment on the usefulness of the
variable overhead price and usage variances.
(f) Compute the fixed overhead spending and volume variances. Interpret the fixed overhead spending and volume variances.
Assume the purchasing agent for the Port Pirie plant purchased a lower-quality
raw material from a new supplier. Would you recommend that the Port Pirie
plant continue to use this cheaper raw material? If so, what standards would
need revision to reflect the decision to continue with the cheaper/lower-quality
raw material? The quality of the finished waffle irons remains unaffected even
if the Port Pirie plant uses the new supplier.
Answer:
I dont know the answer I fact I have a module her
Which of the following is particularly pertinent in evaluating whether an industry presents a sufficiently attractive business opportunity? Group of answer choices Whether the market leaders enjoy competitive advantages and how hard it is to develop a strongly differentiated product Constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group An assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor Whether there are more than 5 key success factors and more than 5 barriers to entry The industry's growth potential, whether competition appears destined to become stronger or weaker, and whether the industry's overall profit prospects are above average, average, or below average
Answer:
Which of the following is particularly pertinent in evaluating whether an industry presents a sufficiently attractive business opportunity? Group of answer choices Whether the market leaders enjoy competitive advantages and how hard it is to develop a strongly differentiated product Constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group An assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor Whether there are more than 5 key success factors and more than 5 barriers to entry The industry's growth potential, whether competition appears destined to become stronger or weaker, and whether the industry's overall profit prospects are above average, average, or below average
Explanation:
You plan to purchase a $100,000 house using a 30-year mortgage obtained from your local credit union. The mortgage rate offered to you is 8.25 percent. You will make a down payment of 20 percent of the purchase price.
Required:
a. Calculate your monthly payments on this mortgage.
b. Calculate the amount of interest and, separately, principal paid in the 25th payment.
c. Calculate the amount of interest and, separately, principal paid in the 225th payment.
d. Calculate the amount of interest paid over the life of this mortgage.
The monthly payments of this mortgage will be $ 722.22; at the 25th payment, $ 13,749.60 will have been paid for interest and $ 5,555.40 for principal; At the 225th payment, $ 115,732.14 will have been paid in interest and $ 46,767.36 in principal, and the amount of interest paid over the life of this mortgage will have been $ 198,000.
Since you plan to purchase a $ 100,000 house using a 30-year mortgage obtained from your local credit union, and the mortgage rate offered to you is 8.25 percent, and you will make a down payment of 20 percent of the purchase price, to calculate your monthly payments on this mortgage, calculate the amount of interest and, separately, principal paid in the 25th payment, calculate the amount of interest and, separately, principal paid in the 225th payment, and calculate the amount of interest paid over the life of this mortgage the following calculations must be performed:
(100,000 x 0.8) x 1.0825 ^ 30 = X 80,000 + (80,000 x 0.0825 x 30) = X 80,000 + 198,000 = X 278,000 = X 278 = 100 198 = X 19,800 / 278 = X 71.22 = X 278,000 / (30 x 12) = X 722.22 = X 722.22 x 25 = 19,305.55 19.305 x 0.7122 = X 13,749.60 = X 722.22 x 225 = 162,499.5 162,499.5 x 0.7122 = 115,732.14
Therefore, the monthly payments of this mortgage will be $ 722.22; at the 25th payment, $ 13,749.60 will have been paid for interest and $ 5,555.40 for principal; At the 225th payment, $ 115,732.14 will have been paid in interest and $ 46,767.36 in principal, and the amount of interest paid over the life of this mortgage will have been $ 198,000.
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The project sponsor has asked Franz to hold a kickoff meeting for their project. What is the purpose of a kickoff meeting?
Answer:
A kickoff event's objective is to formally tell-all project stakeholders that the project has started. It introduces the team and assists them in understanding the project's requirements, history, and individual duties.
Explanation:
La adaptación al cambio ha permitido.
a. Que las personas desarrollen sus habilidades blandas
b. Que la especie sobreviva y evolucione
c. Que los líderes persuadan a sus colaboradores a seguirlos
d. Que el hombre maneje sus emociones
El principal efecto de la adaptación al cambio para la humanidad es la evolución y supervivencia.
Todos lo seres vivos, incluyendo a la especie humana tienen la capacidad de adaptarse a cambios. Los tipos de cambios más comunes incluyen:
Cambios en la disponibilidad de recursosCompetencia con otras especiesCatástrofes naturalesEnfermedadesEstá capacidad de adaptación ha sido esencial durante cientos de años para la evolución y supervivencia de la humanidad. Aquí hay algunos ejemplos:
El cambio de una vida nómada a una vida sedentaria brindó a la humanidad la posibilidad de tener alimentos constantementePoblaciones que experimentaron desastres naturales pudieron sobrevivir adaptándose a nuevas condicionesLos cambios en la forma de sobrevivir ha llevado a la evolución. Por ejemplos el hombre evolucionó para saber como escribir, hacer fuego, construir casas, entre otros.Aprenda más en: https://brainly.com/question/17821033
Đặc điểm sản phẩm tác động tới việc lựa chọn phương thức thâm nhập thị trường thế giới của
doanh nghiệp này như thế nào
Answer:
translate to English please
Business communication
Answer:
We do this so that people can see your business and how it is
What do AIA, SAG, AFP and AMA all stand for? Select four options.
Answer:
American Institute of Architects American Society of Mechanical Engineers American
AIA stands for the American Institute of Architects.
SAG stands for Screen Actors Guild.
AMA stands for the American Medical Association.
AFP stands for alpha-fetoprotein.
why unemployment seen as crisis?
Indiana Co. began a construction project in 2021 with a contract price of $161 million to be received when the project is completed in 2023. During 2021, Indiana incurred $36 million of costs and estimates an additional $87 million of costs to complete the project. Indiana recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed. Suppose that, in 2022, Indiana incurred additional costs of $63 million and estimated an additional $52 million in costs to complete the project. Indiana: _________
a. Recognized $25.50 million gross profit on the project in 2022.
b. Recognized $6.00 million gross profit on the project in 2022.
c. Recognized $27.00 million gross profit on the project in 2022.
d. Recognized $5.46 million gross profit on the project in 2022.
Answer:
I say a
Explanation:
City Architects were hired by John to convert his two family house into a three family house. However, John did not pay City Architects for the services they performed. As a result, City Architects filed a lien against John's house in an attempt to reclaim the money owed to them. What type of lien was filed against John's house
Answer:
Mechanic's Lien
Explanation:
The answer is a "Mechanic's Lien." A Mechanics Lien forces the client of a company to face the payments directly if he or she hasn't paid for the services they hired. In this case the City Architects using a Mechanics Lien forces John and lets him know that he needs to pay the architects for the work done on his home in a attempt to reclaim the money owed.
Hope this helps.
What type of cost are batteries for the renewable-energy industry?
a. explicit cost
b. variable cost
c. implicit cost
d. fixed cost
e. marginal cost
The batteries will be recognized and treated as Fixed cost in the renewable energy industry.
Renewable-energy industry are the industry that generates power from the infinite resources provided by the nature.
The Renewable-energy industry can be divided into 5 and includes hydroelectric power, wind power, bio-energy, solar energy and geothermal energy industry.Industries like Solar Energy industry often use Batteries to store energy for usage when the Sun foes down.The batteries will be classified as Fixed Cost because its facilitate the day to day operations due the increase in demand for energy.
Therefore, in conclusion, the correct answer is D.
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E8-24 (Algo) (Supplement) Recording and Explaining Depreciation, Improvements, and Changes in Estimated Useful Life and Residual Value (Straight-Line Depreciation) LO8-2, 8-3 At the end of the prior year ending on December 31, Year 1, O'Connor Company's records reflected the following for Machine A: Cost when acquired $ 34,200 Accumulated depreciation 11,600 At the beginning of January of the current year, the machine was renovated at a cost of $17,600. As a result, the estimated life increased from five years to eight years, and the residual value increased from $5,200 to $7,200. The company uses straight-line depreciation. Required: 1. Prepare the journal entry to record the renovation. 2. How old was the machine at the end of the prior year
1. The O'Connor Company will record the renovation with the following Journal Entry:
January 1, Year 3:
Debit Equipment $17,600
Credit Cash $17,600
To record the renovation that increased the estimated life from 5 to 8 years.2. The machine was two years old at the end of the prior year because $5,800 x 2 will equal $11,600, which is the stated accumulated depreciation at the end of year 2.
Data and Calculations:
Cost of Machine = $34,200
Residual value = $5,200
Depreciable amount = $29,000 ($34,200 - $5,200)
Estimated useful life = 5 years
Annual depreciation expense based on straight-line = $5,800 ($29,000/5)
Accumulated depreciation = $11,600 ($5,800 x 2)
Net book value on December 31, Year 2 = $22,600 ($34,200 - $11,600)
Renovation cost = $17,600
Revised Depreciable amount = $33,000 ($22,600 + $17,600 - $7,200)
Revised useful life = 8 years
Remaining useful life = 6 (8 - 2)
Annual depreciation expense based on S/L = $5,500 ($33,000/6)
Thus, the machine was two years old before the renovation that increased its useful life by 6 years.
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The current pay period ends on Friday, January 2, yet the company's fiscal year-end is on Wednesday, December 31. If the company does not make the proper adjusting entry to accrue payroll expenses at year-end, what would be the impact? A. Operating income will be overstated. B. Assets will be understated. C. Stockholders' equity will be understated. D. Liabilities will be overstated.
If the company does indeed fail to make the appropriate entry, a situation would arise where C. Stockholders' equity will be understated.
When salaries are accrued, they are sent to the accrued expenses account which means that they:
Are treated as liabilities Will not be deducted from net incomeIf instead these expenses are not accrued and are instead deducted from the net income, the net income will be lower than it should be and because net income is an equity entry, the stockholders equity will be lower than it should be.
In conclusion, the stockholders' equity will be understated if the salaries are not accrued.
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Which of the following is not an example of a digital transaction?
A. You receive points for making purchases with a credit card.
B. You receive a check for walking the neighbor's dog.
C. Your aunt sends you an email with a gift card.
D. Your friend transfers money from her phone to yours to repay a
debt.
Answer:
B. You receive a check for walking the neighbors dog.
Explanation:
The check is a physical object that you need to cash in, in person. Due to it being a physical object and not including technology in the process of getting the check, it is B.
A may also be a in person transaction, but there is not enough info in A. to determine if its online/person, and since there is only one that is not a digital transaction, we must assume its B since that one is a physical transaction.
Answer:B
Explanation: just got it right
1) In the video, Sue Lee describes her reasons for
staying at Joie de Vivre. Based on her description,
which motivational strategy is she describing as
explained in the chapter?
a
Adapting to circumstances
b
Motivating yourself
с
Being an inspiring leader
d
Providing timely and frequent feedback
е
Making it personal
105 in completed)
Next
The motivational strategy that Sue Lee is describing as her reason for staying at Joie de Vivre is с Being an inspiring leader.
The inspirational motivational strategy is the approach Sue uses to motivate her employees to remain focused on achieving company goals and objectives.
As an inspiring leader, Sue is known for being:
Positive in her expressions and outlookGrateful to her team for their achievementsHaving a clear vision of the futureShe expects the best performance from employeesPossessing good communication skills Sue also sets good examples through her leadership.
Thus, Sue Lee is not adapting to circumstances, motivating herself, providing timely and frequent feedback, making it personal, but she is inspiring.
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tình hình kinh tế và triển vọng phát triển của việt nam
Answer:
English plzzz
Explanation:
During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $3,500 from Diamond Incorporated with terms 3/10, n/30. June 5 Returned goods costing $700 to Diamond Incorporated for credit on account. June 6 Purchased goods from Club Corporation for $1,150 with terms 3/10, n/30. June 11 Paid the balance owed to Diamond Incorporated. June 22 Paid Club Corporation in full. Required: Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the month. Calculate the cost of inventory as of June 30. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Ace Incorporated's Cost of Inventory on June 30 is $3,950.
Data and Calculations:
June 3 Inventory $3,500 Accounts Payable (Diamond Incorporated) $3,500
terms 3/10, n/30
June 5 Accounts Payable (Diamond Incorporated) $700 Inventory $700
June 6 Inventory $1,150 Accounts Payable (Club Corporation) $1,150
terms 3/10, n/30
June 11 Accounts Payable (Diamond Incorporated) $2,800 Cash $2,716 Cash Discounts $84
June 22 Accounts Payable (Club Corporation) $1,150 Cash $1,150
Summary of the Cost of Inventory:
June 3 Inventory $3,500
June 5 Returns -700
June 6 Inventory $1,150
Cost of inventory $3,950
Thus, the Cost of Ace Incorporated's Inventory on June 30 is $3,950.
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What infrastructure is needed to manufacture the stationery-line
Answer:
There’s a lot of competition in this market, so you’ll need to discover some things that give you a competitive advantage.
Expertise
Are you already an expert in stationary lines and the printing business? If not, read up and learn as much as you can. A lot of businesses fail because the owners didn’t know enough about the industry.
Designs
How unique are your designs? Have you obtained copyrights for them? Try to get feedback from people other than friends and family who will be more objective to hone in on the big hits and retire those that don’t elicit positive responses.
Unique Selling Proposition
What are you doing that’s significantly different to the competition? Identify a significant pain point that customers experience in this industry. There are already an overwhelming number of designs, so could it be pricing, shipping, customer service or something else? How are you going to do things differently and stand out?
Define Your Market
Who is your ideal customer? For example, if you are designing wedding stationary, what’s the age, income level, and interests of your typical customer? Sometimes the customer ends up being the mother, friend or significant other rather than the ultimate user. Once you’ve narrowed this down, then think of ways to best reach your customer. Let’s say your ideal customer loves going to the dog park, then you could start by approaching people there and giving out samples.
Gain Testimonials
I’m running with the assumption you’re planning on selling stationary direct to consumer, in which case positive testimonials and reviews are even more important. People place much more trust in a brand and product if there are stories from real people (get pictures and video as much as possible) who love it. In the beginning, you may consider giving out your product or having a special discount in exchange for reviews.
Figure out Production
Are there printing companies you know of the specialize in producing stationary for designers? Get some quotes and compare to how much it would cost for you to buy the appropriate printing machines and produce them yourself. Don’t forget to include the time you’ll save not having to print it yourself, but make sure you get shipping times from these companies. Sometimes larger production companies have access to significant discounts on the bulk materials used to create the product than you will be able to obtain on your own. You may consider starting with a small set up of your own just to produce mock ups and samples even if you otherwise outsource your production.
Over the last several decades, the United States has usually had a trade surplus. a trade deficit. decreasing trade levels. balanced trade. When the U.S. 2008 recession began, the trade deficit decreased. increased the level of trade. increased. became a trade surplus. When net exports increase, a trade surplus becomes a trade deficit. GDP increases. imports exceed exports. GDP decreases.
Over the last several decades, the United States has usually had a trade deficit.
When the U.S. 2008 recession began, the trade deficit increased.
When net exports increase, GDP increases.
Trade deficit is when the import of an economy is greater than the export of the economy. Import are goods that are bought from foreign countries. Export are goods that are sold to foreign countries. As at August 2021, trade deficit in the United States was $73.3 billion. This is higher than the forecasted amount of $70.5 billion.
During the 2008 recession, trade deficit increased by 3% to $920.7 billion. One of the reasons for this was the increase in the price of crude oil which is a major consistent of import of the United States.
GDP calculated using the expenditure approach is : consumption + government spending + business spending + net export.
Net export = export - import.
If net export increases, GDP increases.
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________ exists when a large number of firms produce goods that are similar but customers believe there is a difference.
Answer:
Monopolistic Competition
Explanation:
Identify the answer choice that correctly completes the sentence below.
An informative thesis statement should take a(n)
stance.
O broad
O persuasive
O objective
O analytical
Answer:
C. Objective
Explanation:
Informative theses are meant to inform, or to give information. They generally do not have a stance. The only other answer choice that could be considered is D. Analytical, but in my personal opinion and background knowledge, C fits better.
What is a business or non profit that is poorly ran and in need of help?
Answer:
It could be real estate
Explanation:
Assume you have applied for two Scholarships, a merit scholarship And is athletic scholarship the probability that you receive an athletic scholarship is 0.8. The probability of receiving both scholarships is 0.11. The probability of getting at least one of the scholarships is 0.3
The probability of receiving a merit scholarship according to the scenario defined is 0.23
Probability of Athletic scholarship, P(M) =? Probability of Athletic Scholarship, P(A) = 0.18Probability of receiving both, P(MnA) = 0.11Probability of receiving atleast one P(AuM) = 0.3Recall :
P(AuM) = P(A) + P(M) - P(AnM)Substituting the values into the relation:
P(AuM) = P(A) + P(M) - P(AnM)
0.3 = 0.18 + P(M) - 0.11
0.3 - 0.18 + 0.11 = P(M)
P(M) = 0.23
Therefore, the probability of receiving a merit scholarship is 0.23
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Answer:After using the scholarship research tool, I found one scholarship that I think I would apply for. I want to pursue a degree in agriculture and land management, and I found the Western Society of Weed Science Outstanding Student Scholarship Program, which gives a total of $3,000 students pursuing an agriculture degree. The application deadline is October 1, which means that I would have to complete the application at the beginning of my senior year if I were to get the scholarship by the time I start college the following year.
To be eligible for this scholarship, a student must be:
an undergraduate or graduate student enrolled in a degree program from a university in the western region.
A current WSWS member at the time of application.
Right now, I don’t meet all of the requirements. Although I plan on being enrolled in an eligible program, and I plan to go to a school in the western region, I am not currently a member of the WSWS. I will need to learn more about this organization and become a member if I plan on pursuing this scholarship in the future.