1. Fair Value of the new land= Fair Value of old land + Cash given
= $150,000 + $23,000
= $173,000
2. Journal Entry for the Transaction-
Dr Land - new $173,000
($150,000 + $23,000)
Cr Cash $23,000
Cr Land - old (book value) $62,000
Cr Gain $88,000
($150,000 - $62,000)
3. Dr Land - new $44,000
($62,500 + $23,000)
Cr Cash $23,000
Land - old (book value)$62,500
what is a Journal Entry?
Journal entry is a process which is done in order to document a business transaction in the accounting records of the company. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. After then, the general ledger is utilized to produce the company's financial statements.
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jt engineering declares a dividend. a portion of the dividend is liquidating. what impact will this distribution have on additional paid-in capital and retained earnings?
When a company distributes stock dividends, the retained earnings of the business are decreased and the common stock account is increased. Stock dividends only influence the equity side of the balance sheet because they reallocate some of the retained earnings to the common stock account rather than causing changes to the assets on the balance sheet.
Does a stock dividend effect the money invested?Cash dividends have no impact on a company's additional paid-in capital because they are subtracted from retained earnings. Retained profits are reduced by the amount equal to the value of stock dividends, and the difference is capitalized to the paid-in capital account.Companies often pay cash dividends to their shareholders, but occasionally they'll substitute shares. Any dividend, whether it be in the form of cash or stock, is a distribution of profits to the owners of the business; as a result, it lowers the retained earnings account in the shareholders' equity portion of the balance sheet.When a company distributes stock dividends, the retained earnings of the business are decreased and the common stock account is increased.To learn more about Retained earnings refer to:
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An e-verify case must be created no later than the end of ___ business days after the employee begins work for pay.
An e-verify case must be created no later than the end of the third business days after the employee begins work for pay.
E-Verify is an internet-based system that verifies your employment eligibility by comparing the data on your Form I-9 with records held by the Social Security Administration (SSA) and the Department of Homeland Security (DHS) of the United States.
All firms that receive state grants or contracts worth more than $5,000 must use E-Verify, as are all public employers. It is a requirement for several state and federal government contractors to use E-Verify. The contract contains details on the E-Verify requirement. E-Verify is now an option for most firms, but certain states mandate its usage, and the federal government may impose a requirement on some businesses.
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a company has a retained earning statement that shows that it did not pay a dividend to shareholders last year. this may lead a potential investor to conclude:
According to a company's retained earning statement, it did not distribute a dividend to shareholders last year. A potential investor might draw the conclusion from this that management might be concentrating on a growth strategy.
Enlist the types of dividend.In general, a dividend is viewed as a cash payment made to the owners of firm stock.
Of all the dividend forms, cash dividends are by far the most prevalent. The board of directors decides to pay a certain dividend amount in cash to shareholders who held the company's stock on the day of declaration.A stock dividend is the free distribution of common shares by a firm to its common shareholders.Scrip dividends, which are effectively promissory notes (which may or may not include interest) to pay shareholders at a future date, are sometimes issued by companies that may not have enough cash on hand to pay dividends in the near future. A note payable is created by this dividend.A liquidation dividend is declared when the board of directors wants to return the capital that shareholders initially invested as a dividend. This action could signal that the company will eventually close.An organization may choose to distribute a non-cash dividend to investors rather than paying out in cash or stock. Record this distribution at the assets that were distributed's fair market value. The fair market value of the assets is probably going to differ significantly from their book value, thus the corporation will probably record the difference as a gain or loss. This accounting rule may occasionally cause a company to purposefully pay property dividends in an effort to change its reported and/or taxed income.To know more about, dividend, visit :
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during the month of may, direct labor cost totaled $13,600 and direct labor cost was 40% of prime cost. if total manufacturing costs during may were $78,700, the manufacturing overhead was:
The manufacturing overhead was $44,700
Solution
Prime cost = Percentage of prime cost Labor cost
=40% of $13,600
=$34,000
The prime cost is $34,000.
Therefore,
Manufacturing Overhead = Total manufacturing cost−Prime cost
=$78,700−$34,000
=$44,700
What is Prime cost?
A prime cost is the total direct costs of production, including raw materials and labor. Indirect costs, such as utilities, manager salaries, and delivery costs, are not included in prime costs. The prime cost equation is equal to the cost of raw materials plus direct labor.
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cerron's had portable speakers for laptops, mp3s, and ipods marked down 60% during a closeout sale. the speakers have surround sound effect and bass boost, can fold for storage, and include an ac adapter and a storage bag. if a certain speaker offers a $30.00 savings, what is its regular selling price?
Laptop speakers have very little low end, thus an explosion on screen won't cause any rumble to be heard. The majority of laptops also don't have a lot of volume.
Which types of speakers are compatible with laptops?
You should be able to use the majority of wired computer speakers as long as your laptop has a USB port or speaker/headphone jack. The little plug that fits into a standard headphone port, the 3.5mm (1/8") audio input connector is found on the back of most computer speakers. Additionally, a power source must be inserted into these speakers.
Why won't the speakers on my laptop work?
Make sure none of your audio equipment is muted or turned off. Open Volume Mixer can be chosen by selecting and holding (or right-clicking) the Speakers icon in the taskbar. Note: If Speakers isn't visible, it can be in the overflow area. To check, choose Show hidden icons.
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maryann must consider the various bakery expenses involved with making and delivering each crepe, for example, flour, eggs, milk, sugar, and butter. these costs are classified as
Answer:Variable
Explanation:
variable When creating and delivering each crepe, MaryAnn must account for the numerous bakery costs, such as flour, eggs, milk, sugar, and butter.
What is a sample of a variable cost?Sales commissions, direct labor costs, the price of raw materials used in production, and utility prices are a few examples of variable costs. Variable costs are sometimes regarded as short-term costs since they may be easily changed.
What distinguishes a variable from a fixed?With fixed-rate financing, your loan's interest rate won't fluctuate over its term. The interest rate on your loan may alter depending on the prime rate or another rate known as a "index" if you have variable-rate financing.
What kinds of expenses are fixed and variable?Fixed costs remain the same over a specified period of time. Variable costs may increase or decrease based on the output of the company. Examples of fixed costs are rent, taxes, and insurance. Variable costs include things like direct labor, commissary fees, and credit card charges.
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Katherine invests $7,770 in a six-month money market account giving 5.8% simple annual interest and $12,500 in a three-year cd giving 7.25% simple annual interest. assuming that katherine does not reinvest or renew these investments, how much money will she have when both investments reach maturity, to the nearest dollar? a. $2,944 b. $15,219 c. $23,214 d. $30,886 please select the best answer from the choices provided a b c d
Katherine will have $23214 to the nearest dollar from both investments by Simple interest assuming that Katherine does not reinvest or renew these investments.
Simple interest = Principal * Time * rate
Money Market Account
Simple interest = 7770 *5.8/100 *6/12 = 7770 * 0.058 * 0.5 = $225.33
So, at maturity, she will receive $7770 + $225.33 = $7995.33.
CD account
12500* 0.0725 *3 = $2718.75 = simple interest
At the end of the period, she receives: $12500 + $2718.75 = $15218.75
At maturity, the total amount she receives from both investments is: $15218.75 + $7995.33 = $23214.08
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Answer:
so its c
Explanation:
ansas enterprises purchased equipment for $77,000 on january 1, 2024. the equipment is expected to have a five-year service life, with a residual value of $8,250 at the end of five years. using the double-declining balance method, depreciation expense for 2025 would be:
Depreciation expense for 2025 would be =$27,160.
Depreciation rate = 2 / 5 =0.40.
$77,000 × 0.40 = $30,800 depreciation in the first year.
($77,000 − 29,400) × 0.40 = $19,040 depreciation in the second year.
Book value = $77,000 − $30,800 − $19,040 = $27,160.
Depreciation is an accounting approach that spreads out the cost of an asset over its beneficial existence. Depreciation price is the cost of an asset that has been depreciated for a unmarried period, and indicates how tons of the asset's fee has been used up in that year.
Depreciation fee is that part of a hard and fast asset that has been considered fed on inside the cutting-edge period. This amount is then charged to fee. The rationale of this rate is to regularly reduce the wearing amount of constant belongings as their cost is consumed through the years.
Depreciation fee is stated on the profits declaration as some other regular commercial enterprise price. 3 If the asset is used for manufacturing, the rate is listed within the working prices area of the earnings statement. This quantity displays a portion of the acquisition fee of the asset for production functions.
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which one of the following statements is true? investors are compensated only for diversifiable risk. investing has two dimensions: risk and return. risk and return are inversely related. the beta of a portfolio may be lower than the lowest beta of any individual security held within the portfolio. how a security affects the risk of a portfolio is less important than the actual risk of the security itself.
The following statements that is true about investing is Investing has two dimensions: risk and return. The risk-return tradeoff can be defined as an investment principle that indicates that the higher the risk, the higher the potential reward.
Investing can be defined as the process of buying assets that increase in value over time and provide returns in the form of income capital gains or payments. Investment has several types based on risk and their benefit, such as:
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an error in the physical count of goods on hand at the end of a period resulted in an $7600 overstatement of the ending inventory. the affect of this error in the current period is
Cost of goods sold (COGS). The carrying value of goods sold during a specific period is referred to as the cost of goods sold.
What is cost of goods sold ?Costs are assigned to specific items using one of several formulas, such as specific identification, first-in-first-out (FIFO), or average cost. Costs include all purchase, conversion, and other costs incurred in bringing the inventories to their current location and condition.
Material, labour, and allocated overhead are all included in the costs of goods manufactured by businesses. The costs of goods that have not yet been sold are deferred as inventory costs until the inventory is sold or written down in value.
Many businesses sell goods that they have purchased or manufactured. When goods are purchased or manufactured, the costs associated with those goods are capitalised as part of the inventory (or stock) of goods. These expenses are deducted when the company recognises income from the sale of goods.
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wolf pack enterprises has total current assets of $346,002 and fixed assets of $476,306. the company also has long-term debt of $276,400, $100,000 in its common stock account, and retained earnings of $187,567. what is the value of its total current liabilities?
The claims against the company's assets that are due within a year or the cycle of operations are referred to as Total Current Liabilities and are disclosed on the balance sheet. Accounts Payable, Notes Payable, Current Maturities, and Accrued Liabilities are typical line items that make up Total Current Liabilities.
Total current assets $346,002 + fixed assets $476,306 - long-term debt $276,400 - $100,000 common stock account - retained earnings $187,567 = total current liabilities $258,341. We need the values for each line item for that company in order to compute the total current liabilities; the sum of those values will be the total current liabilities for that company.
A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. Commonly, current assets—assets that are depleted within a year—are utilized to settle current liabilities.
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at the beginning of the year, albertson incorporated reports inventory of $6,000. during the year, the company purchases additional inventory for $21,000. at the end of the year, the cost of inventory remaining is $8,000. calculate cost of goods sold for the year.
Cost of goods sold is calculated as Starting inventory minus Purchases minus Ending inventory company.
Cost of goods sold, or COGS
COGS = 7700 + 22700 - 9700 = 20700
The cost of goods sold is the entire amount your business spent on costs directly related to the sale of items.
The labor and materials necessary to make a product may be included in the cost of the goods sold. Sales costs specific to that product, such commissions, may also be included in your COGS. The accounting phrase for this is direct costs.
A cost that is common to your business, such as rent, the cost of a new machine, or general marketing charges, is one that is not totally dedicated to a specific item. These additional costs are categorized as overhead. rather than the price of the goods provided.
It's critical for business owners and managers to keep track of product cost. That is the lowest price at which a good may be sold and a profit still be made. Any extra margin is used to cover expenses and, eventually, generate a profit. Without knowing your COGS and break-even point, you cannot assess your profitability company.
COGS= $19,000
Providing the following details:
Inventory is reported as $6,000 by Bryers Incorporated.
Buying power = $21,000.
Ending stock = $8,000
We must apply the following calculation to determine the cost of products sold:
COGS is calculated as follows: COGS=ending finished inventory -cost of goods purchased company.
COGS= 6,000 + 21,000 - 8,000
COGS= $19,000
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knoll, incorporated, currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and has fixed costs of $300,000. knoll is considering increasing the price of its units to $60 per unit. this will not affect costs, but demand is expected to drop 20%. should knoll increase the price of its product?
Yes, Knoll should increase the price as it would lead to increased profit margin by generating more revenue.
Goods purchased on account for future use in the business, such as supplies, are called ?Prepaid goods are those that have been purchased on account for future usage in the firm, such supplies which are used for future purposes to manage the resources of the firm and bring the best yields.
How can we interpret the profit margin?The profitability of a company, product, or service is determined by its profit margin. Profit margin is expressed as a percentage as opposed to a monetary value. The greater the figure, the greater the profit the company realizes in relation to its expenses.
Profit - 15,000 ($50 - $20) - $300,000 = $150,000.
Demand fall's from 15,000 to 12,000 units each month if prices rise.
The profit will then be 12,000 x ($60 - $20) x $300,000, or $180,000.
More than making up for the drop in demand is the increase in price per unit.
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a bond with 14 years to maturity and a coupon rate of 3.375 percent has a yield-to-maturity (ytm) of 4.5 percent. assuming the bond's ytm remains constant, the bond's value as it approaches maturity will most likely:
Assuming the bond's ytm remains constant, the bond's value as it approaches maturity will most likely decrease.
What Do Bonds Mean?Bonds are fixed-income securities that reflect loans from investors to borrowers, usually corporate or governmental. A bond can be compared to an agreement outlining the terms of the loan and the payments between the lender and borrower. A bond can be compared to an agreement outlining the terms of the loan and the payments between the lender and borrower.
If time is changing, then:
Bonds with higher yields to maturity than coupon rates will appreciate in value.Bonds will lose value if the yield to maturity is less than the coupon rate.Bonds with yields equal to their coupon rates will always be priced at 100% of their face value.To learn more about fixed-income securities, visit:
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Do firms in small towns or in cities have more market power in hiring? small towns cities do you think that firms generally have more market power in hiring today than 50 years ago, or less? more less this change over time has the need for unions.
Because there are fewer possibilities for workers to find work elsewhere, businesses in small towns have more market power when it comes to hiring. Since it is now simpler for employees to travel further to work, businesses generally have less market power than they did in the past.
What function did little towns serve?Small towns have a crucial but frequently underappreciated role in rural landscapes and food systems. In addition to serving as market hubs for food growers and processors, they also offer their own populations and the rural area around them with services, goods, and non-farm employment.Small towns, by virtue of their significantly lower population compared to cities, also have lower crime rates. Small-town residents are frequently highly familiar with one another and the local events, making it far more difficult to commit a crime without anybody noticing.Because there are fewer possibilities for workers to find work elsewhere, businesses in small towns have more market power when it comes to hiring. Since it is now simpler for employees to travel further to work, businesses generally have less market power than they did in the past.To learn more about Firms refer to:
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use the word bank below to fill in one (1) good food source for each of the following nutrients. words may be used more than once or not at all. points will be deducted for incorrect spelling or foods not from the word bank, so please double-check your answers shrimp margarine soybean oil butter pork corn oil salmon olive oil avocado coconut oil palm oil peanuts flaxseed oil shortening no food source a. saturated fat b. omega-6 fat c. monounsaturated fat d. triglyceride e. polyunsaturated fat f. linolenic fat
The multiple types of nutrition that both people and animals rely on to survive are known as food sources.
Animals and plants are the planet's primary sources of food and sustenance. All living things on earth primarily obtain their sustenance from plants and animals. Animal-derived foods, such as fish, milk, meat, chicken, and cheese, are the primary source of protein. Fruits and vegetables, which constitute a significant source of fibre, protein, and carbohydrates, are produced by plants for us.
The good food source for each of the following nutrients can be categorised as -
Saturated fat: coconut oil
Monounsaturated fat: avocado
Trans fat: margarine
Omega-3 fat: salmon
Saturated and trans fat: shortening
HDL: not found in food
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the four categories for portfolio consideration include all of the following except: question 2 options: optimization opportunities that use a proven technology in an existing environment. technology transfer of a proven technology in a new environment within the firm. competitive and low-cost technologies developed internally. radical and risky technologies that are new to the firm and to the marketplace. none of the above
None of these apply to the four areas of the portfolio that should be taken into consideration of several citations on portfolio consideration and a piece on utilizing portfolios to improve revision.
The way instructors use portfolios varies greatly. Anne Gogela, Marisa Harper, Christina Holtcamp, and Kate Kiefer provide justifications and notes for adopting portfolio grading in this section. You might also catch portfolio consideration Randy Fetzer discussing Laura Thomas' portfolio system in CO300 during the Spring 1995 term (at Steve Reid's office). In citations addition, Kate has several citations on portfolio evaluation and a piece on utilizing portfolios to improve revision.
Give your students something concrete to refer to and be sure to fully explain your portfolio method. The majority of instructors include a citations succinct portfolio consideration summary of the submission requirements in their policy statements. But when it comes time to submit, you'll undoubtedly be deluged with inquiries on what the portfolio should contain.
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how will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitive market? that is, do price and quantity rise, fall, or remain unchanged, or are the answers indeterminate because they depend on the magnitudes of the shifts?
Part a: The equilibrium price will rise and the equilibrium quantity will fall
Part b: The equilibrium price and the equilibrium quantity will fall
Part c: The equilibrium price will fall and the equilibrium quantity will rise
Part d: The equilibrium quantity will rise, but the change in equilibrium price is indeterminate because of the magnitude of the shift
Part e: The equilibrium price and the equilibrium quantity will rise
Part f: The equilibrium price will fall, but the change in equilibrium quantity is indeterminate because of the magnitude of the shift
Part g: The equilibrium price will increase, and the change in equilibrium quantity will be slight
Part h: The equilibrium quantity will fall and the change in equilibrium price will be only moderate
The intersection of the demand and supply curves determines the equilibrium price and the equilibrium quantity. If the demand and supply curves vary in any way, the equilibrium quantity and price will also change.
Part a: The supply curve will shift leftward which leads to a rise in equilibrium price and a fall in equilibrium quantity
Part b: The demand will shift leftward, and supply remains constant. The equilibrium price and quantity decrease as a result.
Part c: The supply curve will shift rightward, which leads to a fall in equilibrium price and a rise in equilibrium quantity.
Part d: Demand and supply both curve shift rightward, which leads to an increase in quantity. However, because it is dependent on the magnitudes of the shifts, the change in equilibrium price is intermediate.
Part e: The demand curve will shift rightward, which lead to an increase in both the equilibrium price and quantity.
Part f: The supply curve will shift rightward, and the demand curve will shift leftward, which leads to a fall in equilibrium price. However, because it is dependent on the magnitudes of the shifts, the change in equilibrium quantity is intermediate.
Part g: The demand curve will shift rightward, and the supply curve will shift leftward. The equilibrium price will increase as a result. However, the quantity change is only slight because it is dependent on the size of the shifts.
Part h: When there is a decrease in supply and demand, both curves will shift leftward. As a result, the equilibrium quantity declines. However, because it depends on the size of the shifts, the price change is only moderate.
Although a part of your question is missing, you might refer to this full question: How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitive market; that is, do price and quantity rise, fall, or remain unchanged, or are the answers indeterminate because they depend on the magnitudes of the shifts?
a. Supply decreases and demand is constant.
b. Demand decreases and supply is constant.
c. Supply increases and demand is constant.
d. Demand increases and supply increases.
e. Demand increases and supply is constant.
f. Supply increases and demand decreases.
g. Demand increases and supply decreases.
h. Demand decreases and supply decreases
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if the current mpc is .8, how much change in aggregate demand will be generated within one year by an increase in government expenditures by $10 billion?
An increase in government expenditures by 25% to change in aggregate demand will be generated within one year by an increase in government expenditures by $10 billion.
What is expenditure?Expenses represent cash or credit payments for the purchase of goods or services. It is recognized at a single point in time (at the time of purchase), as opposed to costs that are recognized over time when a consumption or service is purchased. Appropriations shows each agency's revenues and capital expenditures, and presents the estimates associated with each under "planned" and "unplanned."Expenses are the amounts a business spends to generate income. Expenditures are the amounts spent to acquire assets, goods, services, etc.Expense is not necessarily the same as expense, as expense represents the depreciation of an asset and expense simply indicates the acquisition of an asset. As such, costs cover a specific point in time, but costs can occur over a longer period of time.To learn more about expenditure from the given link :
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you purchase a $255,000 house and you pay 20 percent down. you obtain a fixed-rate mortgage where the annual interest rate is 5.85 percent and there are 360 monthly payments. what is the monthly payment? (you need to show the steps)
You purchase a $255,000 house and you pay 20 percent down. you obtain a fixed-rate mortgage the monthly payment is $1203.48
What is a fixed-rate mortgage?Generally, In contrast to loans where the interest rate may change, or "float," throughout the course of the loan's term, a mortgage loan with a fixed rate is one in which the interest rate on the note stays constant during the duration of the loan.
In conclusion, the equation that defines Loan Amount is
Loan Amount = Purchase price - Purchase * 20%
Loan Amount= 255000 * (1-20%)
Loan Amount= 204000
The payment equation is
PMT = PV/(1-(1+r)-n)/r
Where
Rate = 5.85%/12
Number of periods = 360
Hence
PMT =[tex]\frac{204000}{(1-(1+5.85 \%/12)} - \frac{360)}{(5.85\%/12) }[/tex]
PMT = 1203.48
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discuss at least four potential problems in creating accurate duration estimates for activities and two methods for dealing with each potential problem
The four potential problems and their dealing methods are given below :
1. Special cause variation
The specific cause variation is an output shift brought on by some special causes (Aven, 2014). It may be solved using two techniques: "Risk analysis and Resolving risk events."
2. Queuing
These two techniques, "Resource buffering and Resource leveling," can be used to solve the queuing problem, which appears as the queue lengthens.
3.Merging
The "Feeding buffer and Reverse phase schedule" can be used to resolve merging concerns.
4. Common cause variation
"PERT Program Evaluation and Review Technique and Monte Carlo Simulation Method"
what are potential problems in small business?
A small firm should avoid being reliant on a single customer.
An owner of a small firm may concentrate on operational issues by having expert assistance with money management.
Finding the ideal balance between putting in long hours and commercial success is crucial.
A small business owner shouldn't put themselves in a position where their departure would prevent the operation from continuing.
There could be differences between starting a small business and merely working as a freelancer.
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troy is interested in buying a particular stock whose current dividend per share is $1.10. troy estimates that the current dividend per share will increase at a rate of 3.25% per year forever. if troy's estimates are correct, what is the best estimate of the stock price per share if the required rate of return is 13.00%.
The best estimate of the stock price per share would be 9.03 Per Share.
What is share?
A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. The term "share capital" describes all of an organization's shares. A shareholder (or stockholder) of a corporation is someone who owns shares in that company. A share represents the ownership connection between the firm and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market value of those shares, is its denominated value. The entire face value of issued shares is a company's capital. A dividend is the revenue derived from the holding of shares. Equity shares, preference shares, deferred shares, access to wealth, bonus shares, right shares, and shares under employee stock option plans are only a few of the several forms of shares.
Stock Price =D1/(ke-g)
D1 =1.10*(1+3.25%)
ke =13.00%
g =3.25%
Stock Price =(1.10*(1+3.25%))/(13.00%-3.25%) = 9.03 Per Share.
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other than the safe harbor provisions, what other tax due circumstances will prevent a taxpayer from incurring an underpayment payment penalty? (check all that apply.)
Most taxpayers will typically be exempt from this penalty if they have paid withholding and estimated tax payments totaling at least 90% of the tax due for the current year or 100% of the tax reported on the return for the prior year.
whichever is smaller, or if their tax obligation payments is less than $1,000 after deductions for withholding and refundable credits. Farmers, fishermen, some home employers, and some higher-income taxpayers are subject to particular regulations. for additional details. Any person or business that owes taxes to the federal, state, or the local governments is referred to as a taxpayer.
Other than the safe harbor provisions, what other tax due circumstances will prevent a taxpayer from incurring an underpayment payment penalty?
Marginal Tax Payment
Estimated Tax Payments
Withholding Tax Payment
Tax Returns
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calistoga produce estimates bad debt expense at 1/2% of credit sales. the company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650, respectively, at december 31, 2020. during 2021, calistoga's credit sales and collections were $315,000 and $319,000, respectively, and $1,720 in accounts receivable were written off. calistoga's 2021 bad debt expense is:
Calistoga accounts receivable on December 31, 2013
= Account receivable at Dec’31 2012 + Credit sales on 2013 – collections on 2013 – write off the account receivable
= $ 471,000 + $ 315,000 – 319,000 – 1,720 = $ 465,820
Calistoga's 2013 bad debt expense is = ½ % of credit sales = $ 315,000 x 0.5% =$ 1,575
Bad debt expenses = $ 315,000 x 0.5 % = $ 1,575
Balance in allowance for uncollective account = $ 1,650 - $ 1,720 = $ - 70
Adjusted allowance for uncollective account at Dec,31 2013 = $ 1,575 – 70 = $ 1,505
Debit manner access recorded for a fee made or owed. Debit access is generally made on the left aspect of a ledger account. So, when a transaction takes place in a double access machine, one account is debited even as some other account is credited.
“Dr” approach Debit. From the bank's point of view, all clients are the leaders of the banks due to the fact banks are vulnerable to paying us. It's why our deposit cash is printed as Cr in Passbook and withdrew are printed as Dr. In different words, Debit denotes belongings and credit denotes legal responsibility.
An accounting ledger is an account or report used to shop bookkeeping entries for stability sheets and profits-assertion transactions. Accounting ledger magazine entries can include money owed like coins, accounts receivable, investments, stock, accounts payable, accrued charges, and purchaser deposits.
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An automobile salesperson uses ________ when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
An automobile salesperson uses Mobile information systems when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
Mobile information systems (MIS) are information systems that provide access to data and services via end-user stations that are easily movable in area, operable regardless of location, and typically equipped with a wireless connection. Mobile data collection is a technique for gathering qualitative and quantitative information using a mobile device. This method has been shown to improve data collection speed and accuracy, service delivery efficiency, and program performance assessment.
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1.ralph gets his paycheck from shakes n' burgers restaurant, his employer, and attempts to deposit it in his account at town bank. uri, the bank's teller, notices that on the check the amount stated in words is different from the amount stated in numerals. which amount can the bank lawfully credit to ralph's account?
The amount, the bank can lawfully credit to Ralph's account is the amount written in words
This is further explained below.
Ralph's account:Generally, It is possible to say, with reference to the provisions of the Uniform Commercial Code, that if the amount written in words on a check differs from the amount written in numbers on the check, the amount written in words has priority over the amount written in numbers. This is because the words take precedence over the numbers.
Therefore, given the circumstances, the bank is within its rights to credit Ralph's account with the sum that is written out in words on the check that was written out by Shakes n Burgers (subject to the availability of the amount in the shakes n Burgers account).
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pete link uses historical returns and regression analysis to locate under valued stocks. link buys share in any company in which a specific regression parameter is less than 1.0. the most likely reason link might not earn superior returns is:
The most likely reason link might not earn superior returns is: Model Risk
Modeling errors can lead to incorrect predictions because the model does not capture all the risks associated with an investment.
In finance, model risk is the risk of loss arising from the use of insufficiently accurate models for decision making and was originally associated with the valuation of financial stocks.
Model risk is the use of financial models to measure quantitative information such as the market risk and value trading of a firm, and the failure or poor performance of the model, resulting in adverse consequences for the firm.
Model risk generally refers to the potential risk of relying on a flawed model to make decisions. Financial institutions use a variety of models to predict losses, allocate capital, recommend trades, and more.
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a firm that is a price taker can: group of answer choices decide what price to charge for its product. sell some of its output at a price higher than the market price. sell all of its output at the market price. substantially change the market price of its product by changing its level of production.
the product's market price by altering its amount of manufacturing. any company that is unable to change the level of commodity pricing often by changing the quantity of the product produced
What does it mean to take the price?Any company that is unable to change the quantity of a product produced in order to affect the overall level of commodity prices is, by definition, a price-taker; this includes companies operating in completely competitive markets.
What takes place when a company is a price taker?As a price taker, a perfectly competitive firm is obligated to accept the equilibrium selling price for its products. It will be illegal for a perfectly competitive business to seek to charge even a small amount more than the going rate failing to generate any sales .
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market failure occurs when part 2 a. the market system fails to allocate resources to each individual according to their abilities. b. the market system fails to allocate resources to each individual according to their needs. c. the market system fails to allocate an equal share of resources to all individuals. d. the unrestrained market economy leads to too few or too many resources going to a specific economic activity.
Market failure occurs when the market system fails to allocate resources to each individual according to their abilities.
When products and services are distributed inefficiently in the free market, this is referred to as market failure in economics. When markets fail, individual incentives for rational behavior do not produce outcomes that are reasonable for the whole.In other words, each person chooses the best choice for themselves, but the collective suffers as a result of their choices. A steady-state disequilibrium, where the quantity provided is less than the quantity required, can occasionally be used to illustrate this in conventional microeconomics.Any time members of a group experience poorer outcomes than they would have had they not behaved in their own perfectly rational self-interest is considered a market failure. Such a group either pays too much in taxes or receives insufficient benefits.Market failure may happen in explicit markets, which are regarded as typical markets since they involve the outright purchase and sale of commodities and services.In implicit markets where favors and special treatment are exchanged, such as elections or the legislative process, market failure can also take place.Market failures can be fixed by the private market, the government, or by voluntary group efforts.Learn more about Market failure, here
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fidelity has been dealing with harassment and bullying issues for some time, and although company officials promptly investigate and address any issues as quickly as possible, there are signs pointing to a possible negative corporate culture. which of the following is one of the factors that are most likely hindering fidelity's ability to reduce employee complaints related to workplace harassment and bullying? a. the massive workforce of the company b. the offenders mostly being from higher ranks in the company c. the reluctancy of most victims to take action against the offenders
One of the factors that are most likely hindering fidelity's ability to reduce employee complaints related to workplace harassment and bullying is:
a. The massive workforce of the company
One explanation is that the company's large workforce may increase the likelihood of employee misconduct and conflict.Misunderstandings, arguments, or reports of harassment and bullying may result from this. Another explanation is that Fidelity may find it challenging to create efficient rules and procedures for dealing with harassment and bullying due to the size of the company's employees.What is Workplace harassment?The act of disparaging or threatening behavior aimed at a single employee or a group of employees is known as workplace harassment. Workplace harassment involves various forms of bias and illegal behavior that are not limited to one particular group. The many forms of workplace abuse can be broadly divided into emotional abuse and physical abuse. All of these types of workplace harassment targets different racial, sexual orientation, and disability groups as well as women, men, and immigrants. Since workplace harassment cannot be defined in a single, comprehensive, and concrete way, it necessitates a diverse perspective.Physical abuse and mental abuse are two different sorts of harassment that are inflicted on the victims. Emotional abuse refers to placing someone under stress and bullying, whereas physical abuse relates to sexual assault and physical violence.To learn more about Workplace harassment, refer to:
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