Answer:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
Explanation:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
Should the firm make the following adjusting entries:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
What is Bad Debt Expense?When a receivable is no longer collectible because a customer is unable to fulfil their obligation to pay an outstanding debt due to bankruptcy or other financial problems, a bad debt expense is recognized. For example, if a company with $2,000,000 in sales expects 2% of sales to be uncollectible, their bad debt expense would be $40,000 ($2,000,000 * 0.02). Consider a roofing company that agrees to replace a customer's roof on credit for $10,000. A bad debt is any loan or outstanding balance that a company considers uncollectible. Bad debt is normal and expected for businesses that provide loans and credit to customers. There will almost certainly be customers who are unable to repay their debts.Therefore,
Should the firm make the following adjusting entries:
Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900
When a firm's allowance account has a debit balance, the firm must add the debit balance ($8,750) to the required balance ($25,150) when making the adjusting entry (resulting in a credit of $33,900). The same amount should be deducted from the Bad Debt Expense.
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About how many lightbulbs does it take to cover a three story building in light?
Answer:
Explanation:
About 40
Describe two major perspectives on the role information systems play in supply chain management activities.
Answer:
Information management systems have the potential to change organizations and promote the emergence of new businesses. Their main goal is to enhance information flow and facilitate the decision making process. An information management system is one of the few elements of supply chain that can offer both improved performance and lower cost.
What remarketing audiences cannot be defined by default?.
Answer:
When a report is based on data from a large number of sessions you may see the following notice at the top of the report.This report is based on sessions.You can adjust the sampling.
Explanation:
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Is it permissible to make a mark outside the boundary of the field of play?
Answer:
As an option, eight marks (“optional marks” or “hash marks”) may be added, just outside of the field of play and perpendicular to the perimeter lines, one each at the sideline and the end line, 10-yards from each corner. This is for the benefit of the referees to ensure the proper distance is maintained by defenders when a corner kick is taken.
Explanation:
What is starbucks doing to better the economy and environment in areas around the world?.
Answer:
Cutting down on carbon, water, and waste footprints by half
Explanation:
In 2020 Starbucks committed to a resource-positive future, formalizing environmental goals to cut its carbon, water, and waste footprints by half. As a progression against those goals, the company commits to Carbon Neutral Green Coffee and to conserving water usage in green coffee processing by 50%, both by 2030.
learn more here: https://stories.starbucks.com/stories/2021/starbucks-announces-coffee-specific-environmental-goals/
Darin has clicked on the Outdoor Gear website. What should the marketing manager have already done to make sure the site works for Darin
The marketing manager can make the website work for Darin by;
Provide truly useful information.Keep Darin interested in Outdoor Gear's offerings.What is a website?A website is an online platform used to advertise a business, it a way to market the products of the company.
This can be helpful by providing the necessary information about the products on the website for consumers to see.
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What is a pricing strategy that establishes a low price in hopes of attracting a great number of customers and discouraging competitors?.
The pricing strategy that establishes a low price in hopes of attracting a great number of customers and discouraging competitors is penetration pricing.
What is penetration pricing?
Penetration pricing is a pricing strategy where the sellers of a new product make the price of the good very low with the hopes that it would attract customers to purchase the product.
Penetration pricing increases the market share of the firm but can lead to the firm earning very low levels of profit.
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Charlotte complains that a lot of turnover is coming from branches that used to be first american before the merger. She claims that the employees there were not used to so much oversight and had more authority. Based on this information, first american highly valued.
We can infer that based on the fact that employees were not used to so much oversight, First American highly valued Delegation.
What did First American value?Delegation in a company means that superiors endow their subordinates with roles and adequate authority to get a certain job done with little oversight.
Charlotte's complaint about employees not being used to oversight therefore means that there was a lot of delegation in First American where employees had more authority.
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Percy’s GPA is 2. 75, so he should list it on his résumé. Please select the best answer from the choices provided T F.
The given statement that GPA of Percy is 2.75, so he should list it on his resume, is the false statement.
What is GPA?
The full name of GPA is the Grade Average Point. A GPA is the sum of all of the individual grade points earned throughout the degree program.
Graduate students are often obliged to have a certain GPA.
At the time of filling out a resume, there are several basic and necessary questions that a person should consider in order to meet the criteria that the client is searching for.
In terms of GPA, Percy's is comparable. It is not appropriate to include it on a resume unless specifically requested or required. Most of the time it isn't required, thus the given statement is false.
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Answer: False
Explanation:2.75 gpa is bad
Which of the following is an example of corporate welfare? a. A large corporation donates money to a homeless shelter b. Severance pay and unemployment insurance c. Low-interest government loans, subsidies, and tax breaks to corporations d. Employee assistance programs
An example of corporate welfare is Low-interest government loans, subsidies, and tax breaks to corporations.
What is corporate welfare?Corporate welfare refers to financial aid granted by governments to companies that make profit, mostly large companies.
Examples of corporate welfare are ;
Tax breakSubsidiesLoansHence, we can conclude that an example of corporate welfare is Low-interest government loans, subsidies, and tax breaks to corporations.
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Which form do independent contractors receive from clients to verify income
received during the year?
a. w-2
b. w-4
c. 1040
d. 1099
Answer:
1099
Explanation:
got it right
Answer:
D.1099
Explanation:
Suppose that monetary neutrality and the fisher effect both hold. An increase in the money supply growth rate increases.
Any increase in the money supply growth rate will increase the inflation rate and nominal interest rates if the monetary neutrality and the fisher effect both on hold.
What is monetary neutrality?The theory holds that the changes in the money supply only affect the general prices, but not overall economic productivity.
What is the fisher effect?The effect explains the relationship between inflation and real & nominal interest rates.
In conclusion, if the monetary neutrality and the fisher effect both hold, then, any increase in the money supply growth rate will increase the inflation rate and nominal interest rates
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Measuring performance relative to planned objectives and standards is part of:.
Measuring performance relative to planned objectives and standards is part of controlling.
What is controlling?Controlling helps to manage, supervise or oversee a given task or assignment.
It helps to measure how far or well a given task has been done relative to the target.
Therefore, Measuring performance relative to planned objectives and standards is part of controlling.
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Josh is a full-time college student who is not working or looking for a job. The bureau of labor statistics counts josh as.
The bureau of labor statistics counts Josh a full-time college student who is not working or looking for a job as labor force.
What is labor force?Labour force can be defined as the number of people in the country who work and are also capable of working. They are people who are willing and able to work.
It is to be noted that the total number of people who are currently employed plus the number of people who are unemployed and seeking employment refers to labor force.
Hence, Josh a full-time college student who is not working or looking for a job can be termed as labor force.
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Who among the following is most likely to believe that groups and organizations are generally characterized by superficiality and depthlessness in social relationships because employee interactions with customers are largely scripted and customer behavior and responses are often tried-and-tested ways of dealing with employees
The postmodernist tends to believe that groups, as well as organizations, are generally characterized by superficiality and depthlessness in social relationships.
What is postmodernism?Postmodernism is an intellectual viewpoint or form of communication characterized by the skepticism of what it views to be modernism's grand narratives and philosophies, as well as resistance to cognitive certainty and meaningful stability.
In a business environment, postmodernist believes in the economic power of governing groups and organizations while considering the superficiality and depthlessness of their social relationship with customers.
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A corporation is found guilty of charging purchasers advanced fees for securing mortgage loans on homes they have listed. What is the punishment for the violation?
Answer:
A corporation is found guilty of charging purchasers advanced fees for securing mortgage loans on homes they have listed. What is the punishment for the violation? A fine up to a maximum of $50,000.
Elasticity measures the responsiveness of Multiple choice question. one variable to changes in another. one variable to changes in many other variables. many variables to changes in many variables. many variables to changes in one variable
Elasticity measures the responsiveness of one variable to changes in another. The correct option is A.
What are the measures of elasticity?The price of the commodity, the price of related goods, and consumer income are the three quantifiable factors that determine demand and are used to calculate its elasticity. Price, cross, and income elasticities of demand are the three types of elasticities of demand.
The degree to which the quantity of a good is demanded in response to a change in its price is known as its elasticity of demand. The formula for calculating it involves dividing the proportionate change in quantity demanded by the proportionate change in the price level.
Elasticity is a measure of a variable's receptivity to changes in another variable. Elasticities are unitless, so you can measure the underlying variables in any way you like and they won't affect the elasticity. Elasticity and slope are not the same.
Thus, the ideal selection is option A.
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If a bank has a leverage (assets/equity) of 10 and a return on asset of 2%, what is its return on equity
Answer:
If a bank lends $10 for every $1 of capital reserves it will have a capital leverage ratio of 1/10 = 10% Globally it is required that this ratio is at least 3%, according to the Basel III Basel III Basel III is a regulatory framework designed to strengthen bank capital requirements while also mitigating risk.
Explanation:
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This year, teachers can earn a $250 tax credit on money they spend in their classrooms. How will this tax credit affect the teachers’ tax returns?
The $250 will come directly off of the amount of taxes the teachers owe.
The $250 will be subtracted from the teachers’ gross incomes.
This credit will put them in higher tax brackets.
This credit is not big enough to make any impact on the teachers’ taxes.
Answer:
The $250 will come directly off of the amount of taxes the teachers owe
Explanation:
that's what the answer would be in real life scenario
True or false? When creating a budget to repay your student loans, you can
save money by paying only the interest.
O True because paying only the interest reduces the length of the loan and
reduces the total amount you pay in the long-term
True because paying interest means monthly payments will be small
O False because it is not possible to only pay the interest,
O False because paying only interest lengthens the life of the loan and increases
the total amount you pay in the long-term.
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The correct answer choice is; True, because paying only the interest reduces the length of the loan and reduces the total amount you pay in the long-term.
Paying off Student LoansIt follows from study that; while paying off student loans, it usually pays off to pay the interest first. On this note, it follows that the principal of the loan remains constant and hence, compound interest is avoided and consequently, the total amount you pay in the long-term is reduced.
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A city spent $2 million to build a pedestrian bridge that has proved unsafe. The city can repair this bridge or demolish it and build a new one. If the resulting bridge would be equally attractive and useful either way, how should the $2 million already spent factor into the city's decision?
The city should ignore the $2 million, since either way it has already been spent.
What is sunk cost?Sunk cost is a cost that has already been incurred. It means that the amount has already been spent. Cost that has already been incurred should not be considered when making future economic decsions.
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LIFO uses the ______ unit costs for Cost of Goods Sold on the income statement and the ______ unit costs for Inventory on the balance sheet.
LIFO uses the last unit costs for Cost of Goods Sold on the income statement and the first unit costs for Inventory on the balance sheet.
What is LIFO?LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
For example, if beginning inventory consists of 10 units at $10 per unit. In the middle of the month, 10 units were bought at $15 per unit. At the end of the month, 10 units were sold. Using LIFO, the cost of goods sold would be $150 ( 10 x 15). Ending inventory would be $100 ($10 x 10).
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_____ is considered to be the most persuasive and valuable method of promoting products and services. Group of answer choices
Word of mouth is the most persuasive and valuable method of promoting products and services.
What is Word of mouth communication?Word of mouth is the process where information is passed from one person to another by using oral communication, or mouth which can be as simple as telling someone about clothe .An example of word of mouth communication is story telling and it is where one person tells others a story about a real event or something made up.
Therefore, Word of mouth is the most persuasive and valuable method of promoting products and services.
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After submitting a résumé by mail, how long should you wait before following up with an employer?.
Answer: one to two weeks
When a manager creates a budget that is too easy to attain, ______ occurs.
Answer:
Explanation:
budgetary slack
What remarketing audiences cannot be defined by default?.
Answer:
When a report is based on data from a large number of sessions, you may see the following notice at the top of the report This report is based on sessions.You can adjust the sampling.
Explanation:
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A government institutes new measures in an attempt to limit inflation. To what macroeconomic goal is this action most directly related
When the government institutes new measures in an attempt to limit inflation, the macroeconomic goal it is directly related to is C. Stable Prices.
What is a macroeconomic goal?A macroeconomic goal is an achievement that an economy attains in order to maximize the standard of living of the people and achieve stable economic growth.
There are four macroeconomic goals, including:
Economic Growth Economic Stability Full employment Stable financial market.The macroeconomic goals are supported by the following objectives:
Minimizing unemploymentIncreasing productivityControlling inflation.Answer Options:A. Equity
B. Efficiency
C. Stable Prices
D. Full Employment
Thus, when the government institutes new measures in an attempt to limit inflation, the macroeconomic goal it is directly related to is C. Stable Prices.
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If the market price is above or equal to the average cost, but below the average cost the firm should keep producing in the run even though it does so at a(n)
If the market price is above or equal to the average variable cost, but below the average total cost the firm should keep producing in the run even though it does so at a loss.
When should a firm shut down production?
A firm should continue production in the short run if the price is above the average variable cost even if price is below the average total cost. The short run is a period when at least one or more factors of production are fixed.
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Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieved b) a form of compensation whereby a percentage of company profits is distributed to the employees whose work helped to generate them monetary rewards offered by companies for exceptional c) performance as incentives to further increase productivity an incentive system that pays a fixed amount or a percentage of the employee's sales
After every service rendered, there is a payment for it. when it is hourly, it is termed wages, when it is monthly, then, it is called salary.
Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieved
WagesWages a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis.
Therefore, the it refers to rewards based on the number of hours the employee works or the level of output achieved.
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Your credit score does not affect your:
A. chances of landing a new job.
B. ability to rent an apartment.
C. ability to get a car loan.
D. yearly income.
A persons credit score would not affect the chances that they have to land a new job when they need one.
What is a credit score?This is a number that is used to show that a person is credit worthy. It shows how the person responds to the loans that they owe.
A high credit score shows that the person is one that does what is required on time. A lower one may have negative effects on a person.
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Answer:
D. Yearly Income
Explanation: