At Dec. 31 Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:

Hi, I'd be happy to help with your question about equity.

The statement that is not true regarding equity is:

D. It is defined independently of assets and liabilities.

Equity is calculated as the difference between a company's assets and liabilities. The other statements (A, B, and C) are true. Equity includes the entity's retained earnings, is increased by profit, and can be increased by additional contributions by the owners.

Answer:

a

Explanation:

Answer:

An applicant tracking system (ATS) is a human resources software that acts as a database for job applicants.

A significant portion of the asset's economic life—three years—is covered by the lease period. The minimum lease payment present value is GhC3,000,000, which is essentially the entire leased asset's fair market value.

The equivalent of monthly rent, a lease payment is formally stipulated in a contract between two parties and gives one party the right to use the other party's real estate holdings, manufacturing equipment, computers, software, or other fixed assets for a predetermined period of time.

A lease payment will be shown as a right-of-use asset and lease liability on the balance sheet. The ROU asset is the ownership of the asset under the lease contract, whereas the lease liability period is the payment obligation during the course of the lease contract.

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The cost of goods sold percentage is 37.72% approximately.

The cost of goods sold (COGS) could be a budgetary bookkeeping term that alludes to the coordinated costs related to creating or fabricating an item or conveying a benefit. COGS incorporates all of the costs that are straightforwardly related to the generation or procurement of merchandise that is sold by trade, such as the cost of crude materials, labour, and overhead costs.

To calculate the total cost of production we have to add material cost and labour cost.

Material cost = $\(135\)

Labour cost = $\(125\)

Therefore, total cost = material cost + labour cost.

                                  = $\(135\) + $\(125\)

                                  = $\(260\)

Merchandise sells = $\(689\)

Cost of goods sold percentage = (total cost/ revenue) ×\(100\)%

                                                    =  ($\(260\)÷ $\(689\)) × \(100\)%

                                                    = \(37.72%\)%

Therefore, cost of goods sold percentage is 37.72% approximately.

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Answer:

a) When Y = $1,500 billion, AE =$1050 billion

b)When Y = $2,000 billion, AE = $1400 billion

c) When Y = $2.500 billion, AE =$1750 billion

Explanation:

As we know,

Yd = Y- T

Y = national income (or GDP)

T = Tax Revenues = 0.3Y

a) When Y = $1,500 billion, AE = $1,500 -0.3*$1,500 = $1050 billion

b) When Y = $2,000 billion, AE =$2,000 - 0.3*$2,000 = $1400 billion

c) When Y = $2.500 billion, AE = $2.500 - 0.3 * $2.500 = $1750 billion

Assuming the economy to operate in equilibrium, the aggregate expenditure model explains that GDP is equal to the Aggregate expenditure. Therefore, the solutions are:

The aggregate expenditure model explains the relationship between GDP and planned spending. The model states that:

\(\rm GDP = Planned \:spendings\)

Therefore the Aggregate expenditure for the real GPDs is:

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An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.

Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.

Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.

This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions

5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:

The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:

The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.

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Based on the historical cost of the existing equipment to Rundle Company, the total relevant cost of existing equipment would be $131, 000.

The total relevant cost of the potential replacement equipment would be $210, 000.

The equipment should not be replaced because cost of the replacement equipment will be more than the cost of the existing equipment.

The total relevant cost of the existing equipment can be found by adding the operating costs and the market value and then deducting the salvage value. This is because the historical cost is no longer relevant.

The total relevant cost is therefore:

= Operating expenses - Salvage value + Market value

= 120, 000 - 29, 000 + 40, 000

= $131, 000

The total relevant cost of the potential replacement equipment would be calculated using the historical cost because this would be the same as the market price. This is because the equipment is yet to be purchased.

The total relevant cost is:

= Historical Cost + Operating expenses - Salvage value

= 110, 000 + 111, 000 - 11, 000

= $210, 000

The total relevant cost for the existing equipment is less than that of the potential replacement so the equipment should not be replaced.

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(B) Iffy | Benchmark Return-on-Sales (5%%) | (7%) is true about Benchmark Company is viewed as the best company in Iffy's industry

Benchmarking is the process of contrasting corporate procedures and performance indicators with industry benchmarks and other businesses' best practices. The three main metrics are quality, time, and cost.

Benchmarks, for instance, could be used to compare the operations of one retail location with those of another location in the same chain. External benchmarking, also known as competitive benchmarking, evaluates a company's performance in relation to that of other businesses.

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Answer:

Effective management practices can contribute to the success of a business in several ways:

1. Setting clear goals and objectives: Effective managers set clear, measurable goals and objectives for their team, which helps to ensure that everyone is working towards the same target.

2. Planning and organizing: Effective managers plan and organize work tasks and resources effectively, which helps to ensure that the business is running smoothly and efficiently.

3. Leading and motivating: Effective managers are able to lead and motivate their team to work towards the goals of the business. This can include setting a positive example, providing feedback and support, and recognizing and rewarding good performance.

4. Communicating effectively: Effective managers are able to communicate clearly and effectively with their team, customers, and other stakeholders. This helps to ensure that everyone is on the same page and working towards the same goals.

5. Managing finances: Effective managers are able to manage the financial resources of the business effectively, including setting budgets, forecasting profits and losses, and making strategic financial decisions.

6. Solving problems: Effective managers are able to identify and solve problems that may arise in the course of business operations. This can include finding creative solutions to challenges and making quick, decisive decisions.

I hope this helps! Let me know if you have any other questions.

EXTRA:

Building strong relationships: Good managers know how to build and maintain strong relationships with their team, customers, suppliers, and other stakeholders. This can help create a positive work environment and lead to long-term partnerships and opportunities for the business. Good luck!

Answer:

A market economy functions under the laws of supply and demand. It is characterized by private ownership, freedom of choice, self-interest, optimized buying and selling platforms, competition, and limited government intervention.

Public ownership of resources is an important feature of a market economy, as the people are allowed to move freely.

A market economy operates in accordance with supply and demand laws. Private ownership, freedom of choice, self-interest, competitive marketplaces, and minimal government interference are its defining characteristics.

Thus, option C is correct.

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Answer:

As a financial institution or provider of financial products, you have the authority to change the details of fees, charges, credit terms, and costs as you see fit, within the bounds of relevant laws and regulations. However, it's important to be transparent with your clients about any changes you make, and to provide them with sufficient notice of any changes that may affect them.

In addition, it's important to remember that you have a fiduciary responsibility to your clients, which means that you are required to act in their best interests when making decisions about the financial products and services you offer. This includes considering their needs and goals when making changes to fees, charges, credit terms, and costs, and ensuring that any changes you make are fair and reasonable.

Overall, it's important to maintain trust and credibility with your clients by being transparent, fair, and honest in your dealings with them. This can help to build long-term relationships and strengthen your business's reputation in the financial industry.

Explanation:

Answer:

Revision is a process in writing of rearranging, adding, or removing paragraphs, sentences, or words. Writers may revise their writing after a draft is complete or during the composing process

Explanation:

Answer:

A.) The step in the process where you look at your work critically, asking yourself questions such as, "Will my goal be clear to the readers?"

Explanation:

I just answered this

One should have enough supplies of all the necessities that are now in high demand, including rubbing alcohol, face masks, hand sanitizer, and canned goods in your Sari-Sari store to make it successful.

The bulk of sari-sari stores are independently owned, family-run operations that are housed in the premises of the shopkeeper. A large window that is covered in a screen or has metal bars in front of the store is used to exhibit goods.

Sari-sari stores have a number of advantages, including their convenient location, selection of goods, and adaptable payment methods. Little scale, uneven quality, and fierce competition are some drawbacks, though.

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Answer:

your time

Explanation:

you didn't list the answers but if I was to take a guess I would say charge for time

An income statement provides information on a company's performance throughout time, whereas a balance sheet provides information on a company's financial situation at a certain point in time.

A balance sheet displays the financial situation of the business at a particular point in time, whereas an income statement evaluates a company's profit or loss over a period of time.

The balance sheet provides a snapshot of your company's financial situation at a certain point in time. The link between the company's assets and liabilities is reflected in this financial activity summary.

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The ideas, efforts, and activities that contribute to the improvement of a business can be summed up in the simplest terms as business development.

This entails raising sales, expanding the business, improving profitability through forming strategic alliances, and making strategic business choices. You might also include a few activities from your current position that you love and that help create a positive workplace culture.

For instance, you may mention that you enjoy participating in corporate social responsibility (CSR) projects and that, if they don't currently organize events of this nature, you'd be happy to assist them. A plant that produces toothpaste, for instance, might not view the monthly manufacturing of peppermint toothpaste as a commercial endeavor.

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Answer:

Enforcement actions by the CFPB have raised profound questions about how the Bureau applies laws that were transferred to it under the Dodd-Frank Act. The Bureau has published key consent orders and decisions-including under RESPA-that diverge from prior rules and interpretations of the Department of Housing and Urban Development (HUD) that the industry has relied on for decades. Guidance documents issued by the Bureau have their value diminished by disclaimers that such guidance cannot be relied upon. This has increased the potential for confusion amongst the regulated entities. While the Bureau has taken a public step away from the CFPB's old mantra, it is important for the CFPB to take steps towards adopting a consistent framework for providing authoritative written guidance that facilitates compliance, reduces implementation costs, and ensures consistent consumer treatment across the market.

Explanation:

The future of the mortgage industry look like with the CFPB at the helm seems bright as it will shine more light on lending.

Mortgage lending is a major sector finance in the United States, and many of the guidelines that loans must meet are suited to satisfy investors and mortgage insurers.

The Consumer Financial Protection Bureau is an agency of the United States government responsible for consumer protection in the financial sector.

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc.

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Answer:

Perez Roofing Company

Closing Journal Entries:

September 30:

Debit Service Revenue $47,200

Credit Income Summary $47,200

To close service revenue to income summary.

Debit Income Summary $8,390

Credit:

Wages Expense $4,840

Office Supplies Expense $1,275

Repair Parts Expense $925

Depreciation Expense $1,350

To close expenses to income summary.

Debit Income summary $38,810

Credit Retained Earnings $38,810

To close income summary to Retained Earnings.

Debit Retained Earnings $1,750

Credit Dividends $1,750

To close dividends to Retained Earnings.

Explanation:

a) Data and Calculations:

Perez Roofing Company

Adjusted Trial Balance

September 30

Account Title                      Debit      Credit

Cash                                 22,500

Accounts Receivable         3,575

Office Supplies                  2,850

Repair Parts                       3,785

Machinery                        17,750

Accumulated Depreciation           3,250

Accounts Payable                           1,150

Notes Payable                              6,500

Common Stock                             1,500

Retained Earnings                        1,000

Dividends                         1,750

Service Revenue                        47,200

Wages Expense              4,840

Office Supplies Expense 1,275

Repair Parts Expense       925

Depreciation Expense    1,350

                                    60,600 60,600

Closing Entries:

Service Revenue $47,200

Wages Expense $4,840

Office Supplies Expense $1,275

Repair Parts Expense $925

Depreciation Expense $1,350

Dividends $1,750

Answer:

A,B and D

Explanation:

it protects investors from all personal loss, it ensures that markets are fair and risk is reduced in a heavily regulated market are the most valid reasons why the U.S. security markets would be regulated.

Answer:

wdym wut 407

Explanation:

Explanation:

I don't have direct knowledge of the organization you are currently working in. However, I can provide a general example to help illustrate the systems characteristics of an organization. Let's consider a fictional manufacturing company called "ABC Manufacturing."

Objective:

The objective of ABC Manufacturing is to efficiently produce and deliver high-quality products to its customers while maximizing profitability. The organization aims to maintain a competitive edge in the market by consistently meeting customer demands and optimizing its operations.

Components:

1. Human Resources: The employees of ABC Manufacturing form a crucial component. They include production workers, managers, engineers, and support staff. Each employee contributes their skills and expertise to ensure smooth operations. For example, production workers assemble products, engineers design new prototypes, and managers oversee the overall functioning of the organization.

2. Production Facilities: The physical infrastructure, including factories, warehouses, and equipment, is another vital component. These facilities house the production lines, machinery, and storage areas necessary for manufacturing products. The efficient functioning of the production facilities is essential to meet production targets and ensure the timely delivery of goods.

3. Supply Chain and Logistics: The supply chain component involves managing the flow of materials, resources, and finished products. This includes sourcing raw materials, coordinating with suppliers, inventory management, and distribution logistics. Effective supply chain management ensures that the right materials are available at the right time, minimizing delays and reducing costs.

Interrelationships among Components:

The components of ABC Manufacturing are interrelated and interconnected, forming a system that works together to achieve the organization's objectives. Here are a few examples of interrelationships among these components:

1. Human Resources and Production Facilities: The production facilities rely on the skills and efforts of the employees. Human resources ensure that the right talent is hired, trained, and deployed in the production process. They also provide support and maintenance services to ensure the smooth functioning of the production facilities.

2. Production Facilities and Supply Chain: The production facilities rely on the timely availability of raw materials from the supply chain. Efficient coordination between production and supply chain teams is necessary to maintain optimal inventory levels and avoid production delays.

3. Supply Chain and Human Resources: The supply chain team collaborates with human resources to forecast demand, plan workforce requirements, and align production schedules accordingly. Effective communication and coordination between these components ensure that the production process meets customer demand and avoids excessive inventory or stockouts.

By viewing ABC Manufacturing through a systems perspective, we recognize that the organization is a complex interplay of various components working together to achieve a common objective. Understanding the interrelationships and dependencies among these components helps in identifying areas for improvement and optimizing the overall performance of the organization.

Answer:Dashen Bank s.c is a company where I am working in it. The company’s objective is to maximize its profit and become from the lists in best class banks in Africa. To achieve this objective it has its own system which contains the following components

• A banking software called FLEXCUBE which is the core software which accomplishes the majority of the banking day to day activities e.g. cash withdrawal, cash deposit, account opening general leger account postings etc.

• CATPS(card application tracking and processing system) is a component of a system which is used to capture ATM card applications  and authorize the processed/ captured applications in order to produce the cards

• Amole admin/internet banking application is used to create an access to the customers such that user name and passwords and and link bank accounts so customers can transfer money, make payments at home.

The above listed components have interrelation each other. E.g. in order to produce cards using CATPS, the customer must have a bank account with precise customer data such that signature, photo etc. so these stated things  i.e. account opening, signature and photo uploading activities are processed by FLEXCUBE software. In the same manner, in order to get an access to the bank account using amole/ internet banking, the customer must have properly opened bank account with customer signature and photo which is also processed by using FLEXCUBE software.

The preparation of the journal entries to record the transactions of Natalie is as follows:

Feb. 2 Debit Inventory $1,150

Credit Accounts Payable (Kziniski Supply Co.) $1,150

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

Feb. 16 Debit Cash $1,100

Credit Sales Revenue $1,100

(To record the sale of goods for cash.)

Feb. 25 Debit Accounts Payable $1,150

Credit Cash $1,150

(To record payment on account.)

Mar. 2 Debit Inventory $592

Credit Accounts Payable (Kziniski Supply Co.) $592

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

Mar. 30 Debit Cash $2,200

Credit Sales Revenue $2,200

(To record the sale of goods for cash.)

Mar. 31 Debit Accounts Payable $592

Credit Cash $592

(To record payment on account.)

Apr. 1 Debit Inventory $1,172

Credit Accounts Payable (Kziniski Supply Co.) $1,172

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

Apr. 13 Debit Cash $3,300

Credit Sales Revenue $3,300

(To record the sale of goods for cash.)

Apr. 30 Debit Accounts Payable $1,172

Credit Cash $1,172

(To record payment on account.)

May 4 Debit Inventory $1,800

Credit Accounts Payable (Kziniski Supply Co.) $1,800

(To record the purchase of goods on account, FOB Destination, Terms n/30.)

May 27 Debit Cash $1,100

Credit Sales Revenue $1,100

(To record the sale of goods for cash.)

Journal entries are the first or initial records of business transactions.

Journal entries identify the involved accounts and the ones to be debited or credited for each transaction in the general ledger.

Feb. 2 Inventory $1,150 Accounts Payable (Kziniski Supply Co.) $1,150

FOB Destination, Terms n/30.

Feb. 16 Cash $1,100 Sales Revenue $1,100

Feb. 25 Accounts Payable $1,150 Cash $1,150

Mar. 2 Inventory $592 Accounts Payable (Kziniski Supply Co.) $592

FOB Destination, Terms n/30.

Mar. 30 Cash $2,200 Sales Revenue $2,200

Mar. 31 Accounts Payable $592 Cash $592

Apr. 1 Inventory $1,172 Accounts Payable (Kziniski Supply Co.) $1,172

FOB Destination, Terms n/30.

Apr. 13 Cash $3,300 Sales Revenue $3,300

Apr. 30 Accounts Payable $1,172 Cash $1,172

May 4 Inventory $1,800 Accounts Payable (Kziniski Supply Co.) $1,800

FOB Destination, Terms n/30.

May 27 Cash $1,100 Sales Revenue $1,100

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Together, they create coding for GPS systems. Alex is part of global team. The Option C.

Alex is part of a global team, where her teammates are located in different countries like Israel, Germany, and India. This type of team structure allows them to collaborate and create coding for GPS systems while being geographically dispersed.

These global teams leverage diverse perspectives and skills from various regions contributing to a rich and innovative work environment.

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Answer:

Businesses attempt to earn a profit by providing goods and services desired by their customers.

Explanation:

Not-for-profit organizations, though not striving for a profit, still deliver many needed services for our society. ... Thus, businesses and not-for-profit organizations help create our standard of living.

Each of these careers can be a good choice for someone interested in "show business" as they offer opportunities to work closely within the entertainment industry and contribute to its success. They provide a chance to be involved in the operations, financial management, marketing, and promotion of films and theaters.

Senior Vice President of Theatre Operations:

This role involves overseeing the operations and management of theaters within a company. Responsibilities may include developing and implementing operational strategies, managing budgets and financial performance, coordinating with production teams, ensuring smooth theater operations, and enhancing the overall customer experience. An example of someone who holds this position is Mark Manuel, Senior Vice President of Theatre Operations at AMC Theatres.

Media Production Accountant:

A media production accountant is responsible for managing the financial aspects of film and television production. They handle budgeting, cost tracking, payroll, financial reporting, and ensuring compliance with industry regulations. Their role is crucial in managing the financial resources of a production, tracking expenses, and providing accurate financial information for decision-making. Relevant education in accounting or finance is essential for this career, and knowledge of the entertainment industry can be beneficial.

Social Media Director, Film Marketing Agency:

As a social media director in a film marketing agency, the role involves developing and implementing social media strategies to promote films. They oversee social media campaigns, manage content creation, engage with audiences, analyze performance metrics, and work closely with marketing teams. Their job is important in building an online presence, creating buzz, and engaging fans within the film industry. A background in marketing, communication, or digital media is typically desired for this role.

Each of these careers can be a good choice for someone interested in "show business" as they offer opportunities to work closely within the entertainment industry and contribute to its success. They provide a chance to be involved in the operations, financial management, marketing, and promotion of films and theaters. These roles allow individuals to work behind the scenes, making critical decisions and supporting the overall success of productions. Additionally, being part of the entertainment industry can be exciting and fulfilling for those passionate about the world of show business.

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Answer: For planning and scheduling projects.