The December 31, year 3 unadjusted (current) balance in allowance for doubtful accounts account (balance before expense recognition) for Omega Co. is $1,920.
How is the ending balance for allowance for doubtful accounts determined?The ending balance of allowance for doubtful accounts can be determined by recognizing the company's policy towards doubtful accounts.
Some companies use an estimate based on the accounts receivable, credit sales revenue, aging of receivables, etc.
Data and Calculations:Allowance for Doubtful Accounts:
Beginning balance $3,000
Accounts Write-off (2,000)
Ending balance $1,920 ($48,000 x 4%)
Bad Debts Expense $920 ($3,920 - $3,000)
Accounts receivable:
Beginning balance $60,000
Revenue earned = $200,000
Cash collected (210,000
Write-off of accounts (2,000)
Ending balance $48,000
Thus, the December 31, year 3 unadjusted (current) balance in allowance for doubtful accounts account (balance before expense recognition) for Omega Co. is $1,920.
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Retailers provide value to product manufacturers by:.
Answer:
allowing manufacturers to focus on product development and production.
Explanation:
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Which manufacturing company has the comparative advantage for car parts? company a company b company c company d
The company C that produces at $10 Per hour and $10 per hour respectively is the company that has the comparative advantage for prodution of car parts.
What is a comparative advantage?A comparative advantage refers to an advantage possessed by a firm who spend lesser than it's rivals on production.
Hence, the company C that produces at $10 Per hour and $10 per hour respectively is the company that has the comparative advantage for prodution of car parts
Therefore, the Option D is correct.
Missing word "Manufacturing Company Truck Parts Car Parts
Company A 10 per hr. 20 per hr.
Company B 10 per hr. 25 per hr.
Company C 15 per hr. 15 per hr.
Company D 20 per hr. 25 per hr.
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Answer:
Company B has the advantage for more car parts
Explanation:
Just took the test :)
Since 2007, FedEx has contributed millions to the PGA Tour, and as its most lucrative donor, an event is named after the company. This is an example of
An example of a sponsorship is illustrated when FedEx contributed millions to the PGA Tour which makes its the most lucrative donor for the tour.
What is a sponsorship?This is a act of committing resources to a nonprofit event in exchange for specific promotional benefits.
Most time, they are often in financial support from businesses who wants to sponsor events, trade shows, groups, charity etc.
Therefore, the example of a sponsorship is illustrated when FedEx contributed millions to the PGA Tour.
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Marketing goods and services to the B2B market relies more heavily on advertising than marketing efforts aimed toward the consumer market. True False
This statement "Marketing goods and services to the B2B market relies heavily on advertising than marketing efforts aimed toward the consumer market" is:True.
What is B2B marketing?B2B marketing which full meaning is business to business marketing can be defined as the process in which business owners tend to focus on selling their products or goods to other businesses rather than their customers.
Based on this, companies or business owners prefers to advertise their goods and service to other business owners so as to make profit or generate revenue.
Inconclusion the statement is true.
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Why does an inverted yield curve serve as a predictor of a recession?.
Firms earning a loss will sometimes shut down in the short run. What quantity will the firm produce if it shuts down in the short run?.
The number of units that would be produced by the firm if it shut down is zero units.
When would a firm shut down?
A firm shuts down in the short run when average variable cost is greater than the price. When the firm shuts down, zero unit of output would be produced.
The short run is a period when at least one factor of production is fixed. When a firm shuts down, no revenue is earned by the firm incurs fixed cost.
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To _____________ is to use the control function that evaluates business operations against some norm.
Budgetary control is the utilization of control function which evaluates business operations against some norm.
What is Budgetary control?Budgetary control can be describes as the financial term used in describing the managing income as well as expenditure.
Therefore, Budgetary control compares
actual income as well as expenditure to planned income.
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Why did industrialization lead to the expansion of systems of formal education?.
if the economy is in long-run equilibrium at potential output and the money supply ______ then in the long run, prices will decrease and output will ___ g
If the economy is in long-run equilibrium at potential output and the money supply increases, then in the long run, prices will increase and output will remain the same.
What is a long-run equilibrium?This means the situation where all markets are in equilibrium and all the prices & quantities therein have been fully adjusted and in equilibrium.
Therefore, the word "increase" and "remain the same" is correct.
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Stockholders’ equity consists of which of the following? Multiple Choice Long-term assets. Paid-in (or contributed) capital and retained earnings. Paid-in (or contributed) capital and par value. Retained earnings and cash. Premiums and discounts.
Stockholders’ equity consists of B. Paid-in (or contributed) capital and retained earnings.
What is stockholders' equity?The stockholders' equity can be computed as the addition of Paid-up capital, Additional Paid-in Capital, Retained Earnings, and minus Treasury Stock.
Alternatively, it can be computed as the difference between total assets and total liabilities.
Thus, Stockholders’ equity consists of B. Paid-in (or contributed) capital and retained earnings.
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Using the 7/70 method, a person with an $80,000 annual income should purchase how much life insurance?.
Answer:
$80,000, So, the amount of life insurance that should be bought is: = ($80,000 × 70%) × 7 = ($80,000 × 0.7) × 7 = $56,000 × 7!
Explanation:
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Having the authority to define their own tasks makes it likely that workers will ______. a. be less satisfied b. abandon tasks c. be more productive d. expand lunch hours please select the best answer from the choices provided a b c d
When authority is given the role to define their own tasks, this makes it likely that workers will be more productive.
What is definition of tasks?In a formal setting, this means the role of independently setting the function of the subordinates under the hierarchy of an authority.
The likely outcome of when authority is given the role to define their own tasks is that the workers will be more productive.
Therefore, the Option C is correct.
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Which three sources supply the majority of commercial energy in the world today?.
Answer:
Coal, oil, and natural gas
Explanation:
The ease with which an asset can be converted quickly into cash, with little or no loss of purchasing power, is called what?.
Answer:liquidy
Explanation:
Answer:
Liquidity
Explanation:
When is it most beneficial and appropriate for a retailer to use a distribution center?.
The retailer can carry less inventory in each store thanks to distribution centres. Retailers' systemwide inventory investments are lowered as a result.
A distribution center is what?A warehouse or other specialised building that is stocked with goods to be redistributed to retailers, wholesalers, or directly to consumers is referred to as a distribution centre for a set of products. Distribution centres frequently have refrigeration or air conditioning. The order processing component of the entire order fulfilment process is handled by a distribution centre, which is a key component. The typical perception of distribution centres is that they are demand-driven. A warehouse, a distribution centre, a fulfilment centre, a cross-dock facility, a bulk break centre, and a package handling centre are additional names for this type of facility.
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Yolanda, an account manager, sets her own work schedule and decides which tasks are priorities that will help meet her goals. Yolanda’s job has a high level of autonomy.
This is true because Yolanda's organization gives her a high level of job autonomy by allowing her sets her own work schedule and decides which tasks are priorities that will help meet her goals.
What is job autonomy?Job autonomy in management is when employees in an organization are allowed great deal of freedom to make choices in the work place.
A manager who grants an employee autonomy generally outlines the goal of a project but allows the employee to decide the best way to achieve that goal.
Hence, this is true because Yolanda's organization gives her a high level of job autonomy by allowing her sets her own work schedule and decides which tasks are priorities that will help meet her goals.
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Take It All Away has a cost of equity of 10.78 percent, a pretax cost of debt of 5.43 percent, and a tax rate of 40 percent. The company's capital structure consists of 76 percent debt on a book value basis, but debt is 36 percent of the company's value on a market value basis. What is the company's WACC
Answer:
Take It All Away has a cost of equity of 10.78 percent, a pretax cost of debt of 5.43 percent, and a tax rate of 40 percent. The company's capital structure consists of 76 percent debt on a book value basis, but debt is 36 percent of the company's value on a market value basis.
Explanation:
What is the company's WACC?
8.07%
10.68%
8.85%
9.44%
6.41%
true or falser The cost of a plant asset includes all amounts paid to ready the asset for its intended use.
It is true that the cost of a plant asset includes all amounts paid to ready the asset for its intended use.
What is historical cost of plant?The cost of plant assets includes all expenditures necessary to acquire the asset and make it ready for its intended use. The initial cost that an organization incurs is vital in order to know the amount that will be charged for a particular product.
The above means that once cost is established, a company uses that amount as the basis of accounting for the plant asset over its useful life.
Hence, It is true that the cost of a plant asset includes all amounts paid to ready the asset for its intended use.
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Consider what you already know about saving. What are some reasons you should be intentional about saving money? In other words, what should you save for?
The reasons you should be intentional about saving money is that one may not know when bad or sudden offer will com and as such saved money will help to solve the issue.
What are some reasons you should be intentional save money?There are a lot of reasons to save Money as it is one of the way to Motivate you to start a new adventure. Others are:
Saving help to give a person freedom. Saving gives financial security. Saving implies that one can take any calculated risks.Learn more about saving from
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When the government runs a budget deficit, we would expect to see that:.
Answer:
We will expect to see the government spending more of the money than it is bring to the table/bringing in the money, and in this situation the national savings will be decreasing, and when they do lower, the investments/primary stores will also be decreasing. And if this happen the lowering investments leads to lower long-term economic growth.
Explanation
A pay-for-performance plan in which employees are paid according to their productivity is referred to as
A pay-for-performance plan in which employees are paid according to their productivity is referred to as piece rate.
What is piece rate?Piece rate can be defined as the process in which employee are being paid based on the number of product produced by the employee.
Some companies or employer tend to make use of piece rate pay by paying their employee based on the quantity of goods the company manufacture on a daily basis.
Inconclusion a pay-for-performance plan in which employees are paid according to their productivity is referred to as piece rate.
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Q Internal Cost Social Cost P 100 $40 $60 $80 200 $50 $70 $70 300 $60 $80 $60 400 $70 $90 $50 500 $80 $100 $40 600 $90 $110 $30 The market equilibrium occurs where price is ________ and quantity is ________.
Based on the table, we can infer that the equilibrium price for the market would be $60 and the equilibrium quantity would be 300 units.
Where does the market equilibrium occur?The market equilibrium would be at the point where the internal cost is equal to the price.
This point as shown on the table, is when the internal cost is $60.
The quantity at this point is 300 units which makes it the equilibrium quantity with a price of $60.
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Which three ideas are true in a basic research study? (Select all that apply.)
research expands knowledge
research is for a specific problem
research is aimed at the future
research finds new opportunities
Answer:
research finds new opportunities
research is aimed at the future
research expands knowledge
Explanation:
5.01 Four Types of Utility Marketing Worksheet All four types of utility must be present for consumers to be satisfied; none of them can be overlooked. Students will list 10 diverse types of products/services. Provide an example of each utility for the product/service.
Answer:
20.
37. 42 is the answer
Explanation:
What is it called when advertising reaches people who are not part of the target market and are not potential customers
When advertising reaches people who are not part of the target market and are not potential customers. This is called waste coverage.
What is waste coverage?Waste coverage can be defined as the way in which an advert reach people who the advert was not target at.
This type of advert is classified as waste coverage because the advert is not meant for the people or population that saw the target simply because advert coverage exceeded the buyer which the advert was target at.
Therefore when advertising reaches people who are not part of the target market and are not potential customers. This is called waste coverage.
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Economist Mancur Olson argued that _____ is more rational (when someone receives benefits without doing the work or paying dues). We can all enjoy clean air without being a member of an environmental group. He believes that providing incentives is the only way for membership in interest groups to flourish.
Economist Mancur Olson argued that Collective Action is more rational (when someone receives benefits without doing the work or paying dues).
What is the Logic of Collective Action?The Logic of Collective Action is an argument stating that individuals in groups try to act collectively because of the motive of enjoying as free passengers at the expense of others unless the group creates common rewards that demand individual participation.
This argument was enunciated by Economist Mancur Olson in his book, "The Logic of Collective Action," 1965.
Thus, Economist Mancur Olson argued that the Logic of Collective Action is more rational (when someone receives benefits without doing the work or paying dues).
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During the administration of George W. Bush, many conservatives supported tax cuts because they believed that depriving the government of tax revenues would
Many conservatives supported tax cuts because they believed that depriving the government of tax revenues would lead to economic growth.
What is Economic growth?This is defined as the increase in the production of economic goods and services at a given time.
The conservatives thought depriving the government of tax revenues would lead to employment and economic growth which wasn't the case.
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_____ means transmitting information across functional boundaries in an organization to align all functions with customer expectations.
Regional Freight LLC delivers a receipt issued by Storage Warehouse for goods stored in its facility to Transnational Inc., a buyer of the goods. This is
A warehouse receipt is the name of receipt that is delivered by Regional Freight LLC to Transnational Inc, which is issued by Storage Warehouse for goods stored in its facility.
What is a warehouse receipt?It is a document that in used in warehouse to guarantee the quantity/quality of a product being stored within their approved facility.
Therefore, this is the receipt that is delivered by Regional Freight LLC to Transnational Inc to prove the condition of the stored goods.
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I NEED HELP!!!!!!!!!!!!!!!!!!
Answer:
I am not home, I'm at church service will return home on Tuesday