What are the effects on the accounting equation from an adjusting entry for revenues earned, but not yet collected, during the accounting period?

The one request a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.

A loan is known to be a kind of money that is borrowed for a length of time and it is known to be a non-performing asset (NPA).

When the repayment is  overdue, the lender can seize the asset of the borrower and when a  borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.

Learn more about a borrower  from

https://brainly.com/question/25599836

Answer:

C. The borrower can ask to be absolved of some of the debt

Explanation:

Common problem related to outcome identification and planning: Lack of clarity and specificity in defining desired outcomes.

Explanation: One common problem related to outcome identification and planning is the lack of clarity and specificity in defining desired outcomes. This occurs when organizations or individuals fail to clearly articulate what they want to achieve or set ambiguous goals. Without clear and specific outcome identification, it becomes challenging to develop an effective plan to reach those goals.

When outcome identification and planning lack clarity, it can lead to several issues. Firstly, it becomes difficult to measure progress and evaluate success since there are no clear benchmarks or criteria for achievement. Additionally, without specific outcomes, it is challenging to allocate resources effectively and prioritize actions to accomplish the desired results. This can result in wasted time, effort, and resources on activities that do not contribute to the intended outcomes.

To address this problem, it is crucial to invest time and effort in clearly defining and articulating the desired outcomes. This involves identifying specific, measurable, attainable, relevant, and time-bound (SMART) goals that provide a clear direction for planning and implementation. Clear outcome identification enhances the effectiveness of planning processes and increases the likelihood of successful outcomes.

Learn more about invest here:

https://brainly.com/question/17252319

#SPJ11

The balance on a $200,000 loan at interest rate of 3.75% for 30 years after 48 months is $186,108.61.

1. Convert the annual interest rate to a monthly interest rate:

3.75% / 12 = 0.3125%, or 0.003125 as a decimal.

2. Determine the number of total payments:

30 years * 12 months = 360 payments.

3. Calculate the monthly payment using the loan payment formula:

  P = L[r(1+r)^n] / [(1+r)^n - 1],

where P is the monthly payment, L is the loan amount, r is the monthly interest rate, and n is the total number of payments.

  P = 200,000 * [0.003125(1+0.003125)^360] / [(1+0.003125)^360 - 1] ≈ $926.23.

4. Calculate the balance after 48 months using the outstanding balance formula:

  B = L[(1+r)^n - (1+r)^p] / [(1+r)^n - 1],

where B is the balance, p is the number of payments made, and other variables are as previously defined.

  B = 200,000 * [(1+0.003125)^360 - (1+0.003125)^48] / [(1+0.003125)^360 - 1] ≈ $186,108.61.

After 48 months, the balance on a $200,000 loan with monthly payments at 3.75% for 30 years is approximately $186,108.61.

Learn more about Interest rate:

https://brainly.com/question/26011426

#SPJ11

The correct answer is d. MACRS depreciation, Bonus depreciation, Sec. 179 expensing.

When calculating the total cost recovery of an asset for taxpayers claiming bonus depreciation on assets placed in service in 2021, the following order applies:

MACRS depreciation: This is the standard depreciation method for tax purposes, which allows taxpayers to recover the cost of the asset over a specific period of time according to the Modified Accelerated Cost Recovery System (MACRS).

Bonus depreciation: Taxpayers can claim bonus depreciation, which allows for an additional upfront deduction in the year the asset is placed in service. Bonus depreciation provides accelerated cost recovery for qualifying assets and is generally available for a specified percentage (e.g., 100%) of the asset's cost in the year of acquisition.

Sec. 179 expensing: Section 179 of the Internal Revenue Code allows taxpayers to expense (deduct) the cost of qualifying assets in the year they are placed in service, up to a certain dollar limit. This is commonly referred to as "expensing" or "Section 179 expensing."

Therefore, the correct order when calculating total cost recovery is MACRS depreciation first, followed by Bonus depreciation, and then Sec. 179 expensing.

Learn more about  asset here-

https://brainly.com/question/25746199

#SPJ4

As per the concept of revenue, specific example from your everyday life where you may encounter an accrual is  phone bill.

Let's say a software company sells a one-year subscription to its product for $120. According to accrual accounting, the company cannot recognize the entire $120 revenue as soon as it receives the payment. Instead, the company must recognize the revenue over the course of the one-year subscription period.

This means that each month, the company must recognize $10 of revenue, regardless of when the customer actually paid for the subscription.

Another example of accrual accounting in everyday life is when you receive your monthly phone bill.

On the other hand, deferral is another concept in accounting that is opposite to accrual.

For instance, let's say a company receives a payment of $1,200 for a service that will be provided over the course of one year.

The company cannot recognize the entire $1,200 revenue at the time of payment. Instead, the company must defer the revenue recognition and recognize $100 of revenue each month over the course of the one-year service period.

Another example of deferral in everyday life is when you purchase a gift card for a store.

The store cannot recognize the revenue from the gift card sale until you use the card to purchase goods or services. Until then, the store must defer the revenue recognition.

To know more about revenue here

https://brainly.com/question/29567732

#SPJ4

The economic value added by Gourmet Kitchen Products in 2021 is $11,250,000. This indicates the amount of value that management added to stockholders' wealth during the year.

To calculate the economic value added (EVA) for Gourmet Kitchen Products in 2021, we need to determine the difference between the company's net operating profit after taxes (NOPAT) and the cost of capital.

Given the sales, operating costs, total invested capital, after-tax cost of capital, and income tax rate, we can calculate the EVA. The EVA represents the value that management added to stockholders' wealth during the year.

1. Calculate the NOPAT: NOPAT is the net operating profit after taxes and is calculated by subtracting the taxes from the operating profit. The taxes can be determined by multiplying the operating profit by the income tax rate.

Taxes = Operating profit * Income tax rate

         = $17,000,000 * 0.25 = $4,250,000

NOPAT = Operating profit - Taxes

           = $17,000,000 - $4,250,000 = $12,750,000

2. Calculate the cost of capital: The cost of capital is the after-tax cost of capital and is calculated by multiplying the total invested capital by the after-tax cost of capital rate.

Cost of capital = Total invested capital * After-tax cost of capital rate

                          = $15,000,000 * 0.10 = $1,500,000

3. Calculate the economic value added (EVA): EVA is the difference between NOPAT and the cost of capital.

EVA = NOPAT - Cost of capital

          = $12,750,000 - $1,500,000 = $11,250,000

Therefore, the economic value added by Gourmet Kitchen Products in 2021 is $11,250,000. This indicates the amount of value that management added to stockholders' wealth during the year.

Learn more about stakeholders here; brainly.com/question/32720283

#SPJ11

Answer: sale representative

Explanation:

The SEC now mandates public corporations, referred to as filers, to provide their accounting statements as annotated tax audit files in order to enhance ways investors access and use knowledge.

A tax audit report: exactly what is it?

The individual performing a tax audit is required to report the results in a report using particular "Audit Forms" that have been established by the department of the IRS. Documents 3CA and 3CB are required by Section 44AB. The auditor must also provide a form 3CD in addition to these two forms.

Which of the three audit kinds are they?

Internal audits, IRS audits, and external audits are the three primary categories of audits. The auditor's opinion is contained in the audit report after an independent assessment, which would be frequently carried out by Certified Public Accounting (CPA) firms.

To know more about corporations click here

brainly.com/question/14656092

#SPJ4

If the planned sales for the month are $70,000, the merchandise budget calls for a planned stock-to-sales ratio of 2.3, and the financial leverage is 1.1, then the planned bomb inventory should be $161,000.

Finance is the take look at and the subject of money, forex, and capital property. It's far related to, but now not synonymous with economics, the examination of manufacturing, distribution, and intake of cash, assets, goods, and services (the field of monetary economics bridges the 2).

Finance activities take region in economic structures at diverse scopes, for this reason, the field may be roughly divided into the private, company, and public finance. In an economic system, assets are offered, bought, or traded as economic gadgets, which include currencies, loans, bonds, shares, stocks, options, futures, and many others. Property can also be banked, invested, and insured to maximize price and minimize loss. In exercise, dangers are always found in any financial motion and entities.

Learn more about financial here

https://brainly.com/question/26499492

#SPJ4

hypothetical economy in which households spend 0.5 of each additional dollar they earn and save the remaining 0.5

The paper investigates the consequences for a hypothetical economy of a set of government tax and spending policies that are unsustainable in the long run and are recognized as such by private individuals.

Comparative Economic Systems is a sub-category of economics that deals with the comparative study of various economic organization systems such as capitalism, socialism, feudalism, and the mixed economy.

The marginal propensity to consume is calculated by dividing the change in consumption by the change in income.

Each economy operates under its own set of conditions and assumptions. Traditional economies, command economies, mixed economies, and market economies are the four major types of economic systems.

To know more about hypothetical economy follow the link:

https://brainly.com/question/27893144

#SPJ4

Answer: d) Give them the title to her car.

Explanation:

If they want some collateral then Sydney would have to give them collateral and a car is one of the best known examples of collaterals there is.

Sydney can give them the title of the car which means that if she defaults on the loan, her parents will be able to sell the car to get back the amount that they loaned her. She cannot sell the car until she pays them and she may have to add them as beneficiaries to any car insurance that she may have on the car.

Entrepreneurial trait is Dawson demonstrating is strategic thinking. Option B is correct.

Planning for the future requires the ability to think strategically. Strategic thinking the ability to plan plans and come up with concepts that will take into account the numerous obstacles that lie ahead while also coping with changing situations.

Further Strategic thinking can also imply creating a plan to deal with potential obstacles in the future. This can help you foresee issues and effectively handle them, enabling you to overcome obstacles and succeed.

Thus Dawson studying the potential problems that could be arise in limited internet services in a particular region that would be a strategic thinking model.  

Learn more about strategic thinking refer:

https://brainly.com/question/16699515

#SPJ1

Answer:

a) Inform you that you have won the lottery or a large prize.

The largest 15-year term policy Sherita can buy without spending more than $750 annually is $189,000.

To calculate the largest term policy Sherita can buy, we need to determine the maximum annual premium she can afford and then divide it by the annual premium rate per $1000 of face value. Sherita wants to pay no more than $750 annually, and the annual premium rate is $3.96 per $1000 of face value.

First, we calculate the maximum face value Sherita can afford by dividing her maximum annual premium by the annual premium rate per $1000: $750 / $3.96 = $189.39.

Since the face value is typically rounded down to the nearest thousand, the largest 15-year term policy Sherita can buy without spending more than $750 annually is $189,000 (option a).

To learn more about term policy click here: brainly.com/question/14188473

#SPJ11

If the container is a cube, then each side will have the same area, so the total cost for the materials for the container will be 5 x 6 = $30. This is the cheapest cost for the materials for the container, as any other shape of container will require more materials.

A cube is a 3-dimensional shape with 6 sides, each of which is a square. To calculate the area of each side, you multiply the length of each side by itself, so if the length of each side is 'x', then the area of each side will be 'x x x', or 'x^2'. So, if the cost of the material for each side is $5 per square meter, then the total cost of materials for the container will be 5 x x^2, which is equal to 5 x 6 = $30.

To know more about area of cube click here

https://brainly.com/question/12079637

#SPJ4

Answer:

Actions that involve the production, distributionand consumption of goods and services at all levels within a society. Gross domestic product or GDP is one way of assessing economic activity, and the degree of current economic activity and forecasts for its future level can significantly impactbusiness activity and profits, as well as inflationand interest rates.The economic activity in the region was being analyzed by our team and we had concluded it would be great to enter the market.

There was some new economic activity going on in the area and it made me excited at the thought of new activities and opportunities.

You should try and follow all of the economic activity so that you know how it might affect your business.

Explanation:

Business is an important human activity that has allowed humans to survive better because it:

For these two main reasons, we can conclude that business is important because the satisfaction of human needs and wants is paramount to the survival of our species.

Find out more at https://brainly.com/question/18117587.

The ethical model that focuses on the outcome of a decision, as opposed to the motives behind the decision, is utilitarianism. Hence, the correct option is (A).

Utilitarianism, also known as consequentialism, is based on the idea that the rightness or wrongness of an action is determined by the overall outcome or consequences of that action. In other words, the ends justify the means. Utilitarianism is often associated with the philosopher Jeremy Bentham, who believed that actions should be evaluated based on their ability to promote the greatest happiness for the greatest number of people.

Learn more about utilitarianism at https://brainly.com/question/14453548

#SPJ11

Answer:

heyyyy!

Explanation:

Answer:

SSS card.............

To reduce the substantial work that needs to be done to customize an ERP application to a particular customer, ERP vendors provide b. industry-specific solutions.

To reduce the substantial work that needs to be done to customize an ERP application to a particular customer, ERP vendors provide inherent processes and industry-specific solutions. These pre-designed processes and solutions are built into the ERP application and can be tailored to the specific needs of the customer. This reduces the amount of customization that needs to be done, making the implementation process faster and more efficient. Some ERP vendors also provide DIY modules, allowing customers to customize certain aspects of the application themselves. Additionally, ERP vendors provide service descriptions that outline the level of customization and support they can provide to their customers.

To learn more about ERP vendors, visit:

https://brainly.com/question/29575863

#SPJ11

Answer:

A Business Negotiation is a process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an Agreement to settle a matter of mutual concern, resolve a conflict and exchange value.

Explanation:

hope it helps ^^

The direct material flexible-budget variance for June is $880,000 unfavorable. (option B)

To calculate the direct material flexible-budget variance for June, we can use the following formula:

Flexible-budget variance = Actual quantity \(\times\) Actual price - Budgeted quantity \(\times\) Budgeted price

Given the following information:

Budgeted quantity of direct materials: 0.80 pounds

Budgeted price of direct materials: $60 per pound

Actual quantity of direct materials used: 25,000 pounds

Average cost per pound of direct materials: $64

Substituting the values into the formula, we get:

Flexible-budget variance = (25,000 \(\times\) $64) - (15,000 \(\times\) $60)

Flexible-budget variance = $1,600,000 - $900,000

Flexible-budget variance = $700,000

Therefore, the direct material flexible-budget variance for June is $880,000 unfavorable (option B).

For more questions on flexible-budget variance:

https://brainly.com/question/24013612

#SPJ8

This assertion is untrue. There are no valid justifications for not employing single sourcing or forming partnerships between buyers and suppliers, not even in a forward-thinking organization for purchasing and supply management.

When a company decides to use just one supplier to deliver all of its goods—including materials, parts, and components—even when there are several vendors who can offer the same products, single sourcing takes place. Businesses commonly adopt single sourcing because it lowers costs. Single sourcing is another result of a bid or quote process. In these circumstances, a company may weigh the merits of several potential providers before settling on one.

To know more about Sourcing visit: https://brainly.com/question/13717510

#SPJ4

Answer:

true

Explanation:

When the world price is lower than the domestic price of a good, domestic producers will need to lower prices in order to compete with imports. Tariffs artificially increase the price of imports, which means that domestic producers can charge an artificially high price for their goods. Tariffs always hurt consumers and industries that need to import materials or components.

The following statement is true of price-quality relationships:

Price and quality are often positively correlated, meaning that higher-priced products or services tend to be associated with higher quality. This relationship is based on the perception that consumers have regarding the value they expect to receive from a product or service. When consumers are willing to pay a higher price, they often have higher expectations of the quality and performance of the product.

However, it is important to note that the price-quality relationship is not always absolute and can vary across different industries and market segments. In some cases, there may be instances where lower-priced products offer comparable quality to higher-priced alternatives, challenging the traditional price-quality association.

Additionally, consumers' perceptions of quality can be influenced by various factors such as brand reputation, customer reviews, product features, and personal preferences. Therefore, while price can be an indicator of quality, it is not the sole determinant, and consumers may assess quality based on multiple criteria beyond just the price tag.

learn more about price-quality here:

https://brainly.com/question/5026591

#SPJ11

Jamaica has most likely required Pimlico to agree to a(n) **technology transfer**.

A technology transfer is a contractual agreement or requirement whereby one party, in this case, Jamaica, mandates or requests another party, Pimlico Steel, to share or transfer technological knowledge, processes, or expertise. In this scenario, Pimlico is operating an aluminum refining plant in Jamaica, and as part of the contract, Jamaica has imposed the obligation for Pimlico to train Jamaican engineers in the latest processes.

By requiring Pimlico to engage in technology transfer, Jamaica aims to enhance its domestic capabilities and promote knowledge transfer within the country. This practice allows for the development of local expertise, promotes economic growth, and strengthens the technological infrastructure of the host country.

Learn more about contractual agreement here:

https://brainly.com/question/28444757

#SPJ11

A perfectly competitive firm's demand curve is perfectly elastic at the market-determined price is  b. False

A perfectly competitive firm faces a horizontal demand curve at the market price, indicating that it can sell as much output as it wants at that price without affecting the market price.

in a perfectly competitive market, the demand curve faced by an individual firm is not perfectly elastic but rather perfectly elastic at the market-determined price. each firm in a perfectly competitive market is a price taker, meaning it has no control over the market price and must accept it as given. however, it does not imply that the firm's demand curve is perfectly elastic.

Learn more about demand here:

https://brainly.com/question/33250356

#SPJ11

When a company purchases a piece of machinery, the machinery becomes the company's A. asset.

An asset is a resource owned or controlled by a business or an economic entity, which produces value or more resources.

Assets can be classified into three classes, and they generally fall into the following categories:

Thus, the machinery does not become a liability, equity, or capital but an asset.

Learn more about assets at https://brainly.com/question/25746199

The GDP growth rate, also known as economic growth rate, is measure of the change in country's gross domestic product (GDP) over a specific period of time, usually year or quarter.

Economic growth refers to the increase in the production and consumption of goods and services in an economy over a specific period. This growth can be measured by changes in gross domestic product (GDP), which is the total value of all goods and services produced within a country's borders. Economic growth is generally seen as a positive development, as it creates jobs, increases income and improves living standards for people. However, it can also have negative consequences such as environmental degradation, inequality and inflation. Governments and central banks often try to promote economic growth through various policies, such as fiscal stimulus, monetary policy and investments in infrastructure and education.

To learn more about economic growth, visit:

https://brainly.com/question/29795694

#SPJ1

Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie