Bad Debt Expense ($13,248), Credit: Allowance for Doubtful Accounts ($13,248). Thus, option C is the correct.
Bad debt expense:It is an expense account in the general ledger that is used to record uncollectible receivables. When a customer fails to pay their invoice within the agreed-upon timeframe, the account is used to reduce accounts receivable.
The company should debit Bad Debt Expense for the estimated amount of uncollectible accounts, and credit Allowance for Doubtful Accounts for the same amount if a company determines that some of its accounts receivable will be uncollectible. The following entry is the proper adjustment for Bad Debt Expense:Debit: Bad Debt Expense ($13,248)Credit: Allowance for Doubtful Accounts ($13,248)The Allowance for Doubtful Accounts has a debit balance of $1,357 at the end of the year (before adjustment), and an analysis of customers' accounts indicates uncollectible receivables of $13,248. The correct entry to record a proper adjustment for Bad Debt Expense is Debit: Bad Debt Expense ($13,248), Credit: Allowance for Doubtful Accounts ($13,248). Thus, option C is the correct .Know more about the Bad Debt Expense
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what is a dollar vote
Answer:
Dollar voting is an analogy that refers to the theoretical impact of consumer choice on producers' actions by means of the flow of consumer payments to producers for their goods and services.
Mark is creating a disaster recovery plan based on directives from his company's executive management team. His company's business is an e-commerce website that sells children's apparel with 85 percent of its revenue received during the holiday season. If there was a severe disruption in operations, the loss of business could put the company's ability to continue as a financially viable operation in peril. Mark is creating a plan that will restore operations in the shortest amount of time possible if there was an outage. What DR model is he implementing
Answer: Hot site
Explanation:
The DR model that Mark is implementing is the hit site. A Hot Site enables a company to continue with its normal business operations, after the occurence of a disaster within a short period of time.
The hot site model is regarded as a fully functional backup site which can be used in the assumption of operations immediately in case when there's failure of the primary location fails.
which type of adjustment occurs when cash is either collected or paid, but the related income or expense is not reportable in the current period?
The type of adjustment that occurs when cash is either collected or paid, but the related income or expense is not reportable in the current period is known as a deferral adjustment. This means that the cash transaction has been deferred to a later reporting period when the related income or expense will be recognized.
Examples of deferral adjustments include prepaid expenses, unearned revenues, and accrued expenses.
which type of adjustment occurs when cash is either collected or paid, but the related income or expense is not reportable in the current period?
The type of adjustment you are referring to is called a "Deferred" or "Unearned" adjustment. This occurs when cash is either collected or paid, but the related income or expense is not reportable in the current period. Deferred adjustments are made to account for revenues or expenses that will be recognized in future periods.
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You have landed a winter internship at the private wealth management division of Suncorp in Brisbane. The MD of the division has asked you to do some basic calculations needed for a presentation to investors in Southeast Queensland. You are given two datasets that are provided in the next two pages. I have also provided you with this data in an excel spreadsheet (FINM3403_2022_TakeHome.XLSX) that you can utilise to figure out the answers. Do not cut-and-paste excel spreadsheets in the document you submit. (a) Worksheet "Table Q3.1" contains the average monthly returns for USA, Australia, India and China in their local currencies and the average monthly exchange rate returns over the 28 years (1994 to 2021). (b) Worksheet "Table Q3.2" contains market indices for MSCI USA, Australia, Hong Kong and Japan (denominated in local currency) and exchange rates relative to USD for the last six months (December 2021 - May 2022). Your task, if you choose to accept it, (1) To quantify the impact of currency movements on investment returns of the four markets (USA, Australia, India and China) for the period until 2021 using data in (Worksheet) TableQ3.1. Provide your answer in no more than two or three sentences. (4 points) Year 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 USA 0.0016 0.0270 0.0180 0.0244 0.0223 0.0168 -0.0112 -0.0107 -0.0215 0.0213 0.0085 0.0046 0.0119 0.0049 -0.0387 0.0200 0.0120 0.0016 0.0125 0.0235 0.0105 0.0011 0.0092 0.0165 -0.0038 0.0229 0.0161 0.0199 Table Q3.1 Local Currency Market Returns AUSTRALIA INDIA CHINA -0.0059 0.0079 -0.0519 0.0133 -0.0213 -0.0198 0.0082 -0.0003 0.0265 0.0082 0.0164 -0.0242 0.0107 -0.0132 -0.0459 0.0089 0.0543 0.0107 0.0057 -0.0146 -0.0301 0.0090 -0.0153 -0.0237 -0.0082 0.0062 -0.0126 0.0103 0.0441 0.0520 0.0198 0.0105 0.0017 0.0190 0.0295 0.0148 0.0175 0.0329 0.0506 0.0127 0.0361 0.0426 -0.0385 -0.0690 -0.0597 0.0263 0.0551 0.0406 0.0006 0.0125 0.0041 -0.0095 -0.0244 -0.0169 0.0157 0.0218 0.0172 0.0159 0.0069 0.0033 0.0047 0.0195 0.0066 0.0012 -0.0014 -0.0067 0.0096 0.0009 0.0010 0.0089 0.0222 0.0367 -0.0017 0.0012 -0.0171 0.0175 0.0079 0.0174 -0.0007 0.0142 0.0207 0.0126 0.0211 -0.0203 Exchange Rate Returns AUD/USD AUD/YUAN AUD/INR -0.0111 -0.0424 -0.0111 0.0035 0.0048 -0.0060 -0.0055 -0.0053 -0.0070 0.0175 0.0177 0.0086 0.0050 0.0050 -0.0017 -0.0054 -0.0054 -0.0074 0.0136 0.0136 0.0078 0.0068 0.0068 0.0041 -0.0079 -0.0079 -0.0075 -0.0243 -0.0243 -0.0201 -0.0033 -0.0033 0.0007 0.0055 0.0076 0.0026 -0.0060 -0.0032 -0.0046 -0.0090 -0.0035 0.0007 0.0192 0.0249 0.0016 -0.0212 -0.0213 -0.0174 -0.0109 -0.0080 -0.0076 0.0000 0.0038 -0.0143 -0.0010 -0.0002 -0.0037 0.0124 0.0148 0.0023 0.0074 0.0054 0.0057 0.0098 0.0060 0.0059 0.0004 -0.0053 -0.0017 -0.0064 -0.0010 -0.0013 0.0088 0.0044 0.0013 0.0001 -0.0011 -0.0017 -0.0078 -0.0025 -0.0097 0.0050 0.0071 0.0035
To quantify the impact of currency movements on investment returns of the four markets (USA, Australia, India, and China) until 2021, we need to calculate the local currency returns and multiply them by the exchange rate returns.
To quantify the impact of currency movements on investment returns of the four markets (USA, Australia, India, and China) until 2021, we need to calculate the local currency returns and multiply them by the exchange rate returns. The local currency returns can be found in the "Table Q3.1" worksheet, and the exchange rate returns can be found in the "Table Q3.1" worksheet as well. By multiplying the local currency returns with the corresponding exchange rate returns and summing them up for each year, we can obtain the impact of currency movements on investment returns.
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Henrietta has owned her house for over 50 years. It has fallen into disrepair, but because she lives on a fixed income, she does not have the money to make the needed repairs. She has a considerable amount of equity in the house. What type of loan would BEST provide Henrietta the funds to make the necessary repairs
Answer: Reverse annuity mortgage
Explanation:
A reverse annuity mortgage is a form of loan that is given out which is secured against the value of ones home.
A reverse equity mortgage allows the homeowner to cash some of the equity on the home without the individual selling the house or moving out. This is the type of loan that would best provide Henrietta the funds to make the necessary repairs.
Explain how a discount toy store would acquire products, set prices, and handle a decrease in interest with a particular toy that the store
presently has a huge supply of. Explain how they would know interest has declined. Is it really that big of a problem to have a huge supply of the product?
Answer: A discount toy store would typically acquire products from various sources such as wholesalers, distributors, manufacturers, and even other retailers looking to sell off excess inventory. They would look for deals and negotiate with suppliers to purchase products at lower prices, which would allow them to offer lower prices to their customers.
In setting prices, the discount toy store would need to consider factors such as the cost of acquiring the product, the demand for the product, and the competition. They would set prices that are attractive to customers while still allowing them to make a profit.
If the store experiences a decrease in interest for a particular toy that they have a huge supply of, they may need to consider reducing the price of the toy to move the inventory. They may also look for creative ways to market the toy to generate renewed interest. For example, they may run promotions or bundle the toy with other products to entice customers to purchase it.
The store can know interest has declined by monitoring sales data, customer feedback, and industry trends. They can track sales of the product over time and compare it to similar products to see if there is a decline in interest. They can also ask customers for feedback and conduct surveys to understand why the product is not selling well.
Having a huge supply of a product can be a problem for a discount toy store because it ties up their inventory and prevents them from carrying new products that may sell better. It can also lead to increased storage and holding costs, which can impact their profitability. However, if the store can reduce the price of the product and generate renewed interest, they can still sell the product and make a profit, albeit at a lower margin.
Explanation: :)
Harrimon Industries bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 9%.
What is the yield to maturity at a current market price of
$894? Round your answer to two decimal places.
$1,147? Round your answer to two decimal places
The yield to maturity for the Harrimon Industries bonds is approximately 4.92% when the current market price is $894, and approximately 6.78% when the current market price is $1,147.
To calculate the yield to maturity (YTM) of the bonds, we can use the formula:
YTM = (Annual Interest + ((Par Value - Current Price) / Years to Maturity)) / ((Par Value + Current Price) / 2)
For the first scenario with a current market price of $894, the annual interest is $1,000 * 9% = $90. Plugging in the values, we get:
YTM = ($90 + (($1,000 - $894) / 4)) / (($1,000 + $894) / 2) = 0.0492 or 4.92%
For the second scenario with a current market price of $1,147, the annual interest is still $90. Plugging in the values, we get:
YTM = ($90 + (($1,000 - $1,147) / 4)) / (($1,000 + $1,147) / 2) = 0.0678 or 6.78%
Therefore, the yield to maturity is approximately 4.92% for a current market price of $894 and approximately 6.78% for a current market price of $1,147.
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Which of the following questions is related to the value proposition in a business model canvas? *
1 point
A. How much is our product or service worth in the market?
B. How much is a customer willing to pay for the product or service we offer?
C. What is compelling about the product or service? Why would customers want to buy or use it?
D. Is there anyone in the filed who is doing the same job at a lower cost.
C. What is compelling about the product or service? Why would customers want to buy or use it?
The question which is related to the value proposition in a business model canvas is:
C. What is compelling about the product or service? Why would customers want to buy or use it?According to the given question, we are asked to state the question which is related to the value proposition in a business model canvas
As a result of this, this is important (asking the right question) as it enables the business owner to be able to assess how the flow of business would be as the business model canvas helps him to assess his potential customer base.
Therefore, the correct answer is option C
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_____ are places where products and services are bought by individuals for personal or household use.
The places where products and services are bought by individuals for personal or household use are known as retail locations.
Retail locations are physical or online stores where finished products are sold to the end consumer. These products are sold for personal or household use. These locations offer a wide range of items that are designed to meet the requirements of consumers. These products range from everyday items such as food, clothes, and toiletries to more expensive items like jewelry, electronics, and luxury goods.
Retail businesses are all around us, from the local grocery store to the large shopping mall. Customers go to retail locations to purchase items that they want or need. Retailers can operate in physical stores, online shops, or both. They can be independent businesses or part of a larger chain. Examples of retail locations include department stores, supermarkets, convenience stores, and online retailers.
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Financial incentives paid to health care organizations to encourage focus on models of care that increase quality at a reasonable cost are called
The financial incentives which are paid to organizations in the healthcare sector to increase quality of models of care are called Performance-based payment programs.
What are Performance-based payment programs?These are programs that are meant to increase the quality of care offered to people by the health care sector.
They involve paying health care organizations financial incentives to come up with better ways of giving care.
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what is second-tier security market?
Answer:
a secondary market, such as the AIM, where securities which are not listed on the main Stock Exchange can be traded.
Explanation:
the level of savings in an economy: multiple choice can be an important determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital. all of these are true.
the level of savings in an economy:
determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital.Thus, all of these are true and correct.
What is saving?Savings are unspent income or deferred consumption. One way to save is to spend money. Set aside in a savings account, retirement account, mutual fund, or cash. Savings also means reducing expenses, such as recurring expenses.Savings are the portion of your income that is not spent on current expenses. In other words, it is money that is reserved for future use and not immediately spent.Saving is a way out of life's uncertainties and offers opportunities for quality living. Many hurdles and obstacles in life can be overcome by systematically investing large sums of money.
Thus, saving means a determinant of future productivity which can be an important determinant of capital investment and it can be a source of funding for physical capital.
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Who are the majority of businesses in resort towns targeted to?
O
seniors
O
tourists
O
employees
investors
The majority of businesses in resort towns target tourists.
Who is the luxury hotel industry's target customer?As you can see, a wide range of people from across all walks of life who are prepared to pay a little extra for the luxury hotel experience makes up the target audience for luxury hotels.
What advantages come from forming and focusing on prospect groups?Overall, specialization is the main advantage of identifying and pursuing niche markets. Finding more wealthy guests who will gush about your hotel will be easier if you can be more precise with your market segmentation.
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if your roommate asks you to identify the best management style, what would you say?
The best management style can vary depending on the situation and the individuals involved. However, there are a few common management styles that are generally considered to be effective:
DemocraticAuthoritarianLaissez-faireWhat is a management style?This is a style or way of managing different elements of a process or situation.
In the context of the question, there are many management styles to recommend, some of them are:
Democratic: This style involves giving employees a say in decision-making and encouraging open communication and collaboration.Authoritarian: This style involves the manager making all of the decisions and directing employees to carry out those decisions.Laissez-faire: This style involves the manager taking a hands-off approach and allowing employees to make their own decisions.It is important for your roommate to identify the management style that works best for them and the situation they are in. They should consider the needs and preferences of their employees, as well as the goals they are trying to achieve.
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Question 9 of 10
3 Points
Suppose a merchant in a moneyless economy traded his goods for a large
amount of purple fabric. He intended to use the fabric to trade for other
goods in another location. While he traveled to the other marketplace,
however, a trade ship arrived with a large shipment of purple fabric. As a
result, the merchant was only able to trade his fabric for about half of what he
had expected it to be worth in return. This situation illustrates the need for
what aspect of the purpose of money?
A. Preservation of value
B. Unit of measure
C.Ease of exchange
D.Government endorsement
I NEED HELP PLEASE!!
Answer:
Preservation of value
Explanation:
One of the advantages of money over trade by barter or any other moneyless transaction is the time value of money.
Time value of money can be explained as the ability of money to preserve its value and even increase in nearest future due to its potential earning capacity.
It can be inferred from the given scenario that the purples fabrics has lost a significant value due to the surplus of supply in the market place as it could no longer achieve the original worth.
Answer:
A) Preservation of value!
Explanation:
This means preserving a value, the cost of things at one point and another, you want to preserve that value in order to get the most out of your payment.
Select the correct answer. What is a SWoT analysis?
A. marketing strategy
B. a market research strategy
C. a strategy to spot opportunities D. a strategy to allocate resources E. astrategy to understand resource allocation
Answer:
B
Explanation:
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis (or SWOT matrix) is a strategic planning technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning.
Answer:
I think its C.
Explanation:
I'm trying to find the answer, too, but I know it's not B because I got it wrong before. D and E don't match SWOT at all, so those are out. It's either A or C. C seems the better bet though, as what I've learned from the internet, it helps in deciding a market research strategy, not being one itself.
So C is the right answer from using the process of elimination.
Any two feature of business
Answer:
buying and selling ,profit motive
Indirect labor costs include ______. multiple select question.
a. assembly-line supervisor salary
b. factory security guard wages
c. administrative assistant salary
d. assembly-line worker wages
Indirect labor costs include: factory security guard wages and assembly-line supervisor salary
What is indirect labor cost?Indirect labor cost is the cost of labor that isn't directly related to the production of goods or the provision of services. It refers to the payment made to workers whose duties enable others to produce goods and provide services.
Indirect labor is the labour done by people who are not directly involved in the production of the commodities. Workers in a plant's quality assurance department, managers, and security personnel are a few examples. Their pay and benefits would be considered indirect labor costs.
"Indirect labor" refers to tasks performed by employees that enhance the operation of the company without directly producing goods or services. They are employed in industries including administration, accounting, and engineering.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False
Answer:
true
Explanation:
it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall
Answer:
True
Explanation:
have a good day
Most real estate agencies are created by what?
how does cost-benefit analysis help make economic decisions?
Cost-benefit analysis (CBA) is a tool that helps make economic decisions by comparing the costs and benefits of a particular project or policy.
CBA helps to identify the net benefits of a project or policy by subtracting the costs from the benefits. This allows decision-makers to see whether the benefits of a project or policy outweigh the costs and whether it is worth investing in or implementing. By using CBA, decision-makers can make informed choices about how to allocate resources and can ensure that they are using them in the most efficient and effective way possible.
CBA is a quantitative tool that helps decision-makers to weigh the costs and benefits of different options, it also helps to identify potential trade-offs and helps to prioritize among alternative options. It is widely used by government agencies, private organizations, and international bodies to evaluate the impact of proposed projects and policies.
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When a money price cannot be assigned to a health care action such as a choice an individual makes to exercise to maintain a healthy cardiovascular system, economists use the concept of opportunity cost which values the action A. according a rule of thumb B. as the next best alternative the individual gives up in order to exercise C. at the median gym membership price in the residential area D. at zero price E as the number of years expected to be added to the persons ife due to exercise
Option (b), Economists use the concept of opportunity cost to assign value to a healthcare action when a money price cannot be assigned. Opportunity cost values the action as the next best alternative that the individual gives up in order to undertake the healthcare action.
Opportunity cost is the value of the next best alternative that must be given up in order to pursue a certain action. In the case of healthcare actions, opportunity cost is used when a money price cannot be assigned, such as in the case of choosing to exercise to maintain a healthy cardiovascular system.
To determine the opportunity cost of exercising, economists look at the next best alternative that the individual would have chosen if they had not chosen to exercise. This could be something like watching TV or going out for drinks with friends. By valuing this next best alternative, economists can assign a value to the healthcare action of exercising.
It is important to note that the opportunity cost of exercising may vary depending on the individual and their preferences. Additionally, the opportunity cost of exercising may change over time as the individual's circumstances change. For example, if the individual gains more free time, the opportunity cost of exercising may decrease.
Therefore, when economists use the concept of opportunity cost to value healthcare actions, they are taking into account the individual's choices and preferences in order to assign a meaningful value. This approach allows for a more nuanced understanding of the value of healthcare actions beyond just the monetary cost.
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Looking at graduation rates, is Jada likely to graduate in 4 years? Why or why not? Tip: Hover over the bars in the bar chart to see what the national averages are for each group.
The bar chart is important as it will help in revealing the age at which people graduate and this will help determine if it's likely for Jada to graduate.
What is a bar chart?Your information is incomplete. Therefore, an overview will be given. It should be noted that a bar chart simply means a graph that's used for the presentation of categorical data with rectangular bars to the value represented.
In this case, it's important to know the national averages that are for each group. In this case, the age of the groups will be taken into consideration.
If Jada's age falls within the age, then she'll likely graduate.
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What motivates you to do a good job other than a paycheck?
what is accumulated depreciation an asset?
Accumulated depreciation is the total amount of depreciation that has been taken on an asset over its useful life.
It is an accounting term used to refer to the cost of a tangible asset that has been allocated over the course of its useful life. Accumulated depreciation can be calculated by subtracting the net book value from the cost of the asset. This figure is then used to calculate the depreciation expense each year. This can be seen in the statement of financial position where the asset is reported at its net book value, which is the cost minus the accumulated depreciation. Accumulated depreciation is the total amount of depreciation that has been taken on an asset over its useful life. Accumulated depreciation is the total amount of depreciation that has been taken on an asset over its useful life.
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THIS year a company made an error in its ending inventory Multiple ChoiceNeither this year's Balance Sheet nor Income Statement will be wrong Both this year's Balance Sheet and Income Statement will be wrong This year's Balance Sheet will be correct but the Income Statement will be wrong This year's Balance Sheet will be wrong but the Income Statement will be correct
If a company made an error in its ending inventory, both the Balance Sheet and Income Statement will be affected. The ending inventory value is a crucial component in calculating the Cost of Goods Sold (COGS) on the Income Statement and the value of the inventory on the Balance Sheet.
If the ending inventory is understated, the COGS will be overstated, leading to a lower gross profit and net income. On the other hand, an overstatement of ending inventory will result in an understated COGS, leading to a higher gross profit and net income.
Additionally, the value of ending inventory is reported on the Balance Sheet as a current asset. An error in the ending inventory will affect the value of this asset and, in turn, affect the overall accuracy of the Balance Sheet.
Therefore, if a company made an error in its ending inventory, both the Balance Sheet and Income Statement will be wrong. It is crucial for companies to ensure the accuracy of their inventory counts and calculations to avoid such errors.
If a company made an error in its ending inventory this year, both this year's Balance Sheet and Income Statement will be wrong. Here's why:
1. The Balance Sheet will be incorrect because the ending inventory is an asset reported on the Balance Sheet. If the ending inventory is overstated or understated, the company's total assets will also be reported incorrectly. This will lead to an incorrect calculation of the company's equity and liabilities, affecting the overall Balance Sheet.
2. The Income Statement will be wrong because the ending inventory directly impacts the cost of goods sold (COGS). If the ending inventory is incorrect, the COGS will be calculated inaccurately, affecting the company's gross profit and ultimately, its net income. As a result, the Income Statement will also be incorrect.
In summary, an error in the ending inventory impacts both the Balance Sheet and the Income Statement, causing inaccuracies in the reporting of the company's financial position and performance.
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science week1 qarter4 grade 8
Answer:
Explanation:
444
Why is technology important?Explain.
Why do you think time is an important aspect of work study