Answer:true
Explanation:
A customer defaults on his account of R500 and the owner decides to write off the debt
If a customer defaults on his account of R500, the owner has several options for dealing with the debt. One option is to write off the debt, which means that the owner chooses to forgive the debt and not pursue legal action to collect it.
Writing off a debt can be a good option if the owner believes that it is unlikely that they will be able to collect the full amount from the customer or if they believe that it is not worth the time and expense to pursue the debt. However, it is important to note that writing off a debt can have tax implications, and the owner may need to report the forgiven amount as income on their tax return.
If the owner decides to write off the debt, they should document the transaction in writing, including the amount of the debt, the reason for writing off the debt, and any other relevant details. They should also notify the customer in writing that the debt has been written off and that they no longer owe the amount.
Learn more about customer Visit: brainly.com/question/26313265
#SPJ4
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
Read more about net income here:
https://brainly.com/question/28390284
#SPJ1
Aaron is a high school graduate working as a retail clerk. He earns a median salary for a high school graduate. Aaron is thinking about going to college to get an associate's degree. If he completes his degree in 2 years and college costs total $30,000, how long will it take aaron to recover his investment, assuming that he earns the median salary and continues to work full time while he is attending school? a. About 2. 5 years b. About 5. 5 years c. About 8. 5 years d. About 11. 5 years please select the best answer from the choices provided a b c d.
If Aaron works two years, which equals 2*12=24 monts, he will have 24*2672$=64128$.
What do you mean via investment?An funding is an asset or item acquired with the aim of generating profits or appreciation. Appreciation refers to an increase in the cost of an asset over time. When an person purchases a exact as an investment, the intent is not to eat the good however as a substitute to use it in the future to create wealth.
There are four main funding types, or asset classes, that you can pick from, every with awesome characteristics, dangers and benefits.
Learn more about asset here:
https://brainly.com/question/27972503#SPJ4Why is the housing market not a perfectly competitive market
Answer:
houses are essential. a need doesn't fall in perfect competition conditions.
In her business communications class, matilda's teacher is focusing the week's lessons on correctness. paying attention to this characteristic will help communications be what? question 3 options: a. inclusive b. friendly and positive c. accurate and error free d. free from unnecessary words
In Matilda's business communications class, focusing on correctness will help communications be accurate and error-free.
Correctness in business communication means that the message is free from grammatical errors, typos, and other mistakes that could lead to confusion or misinterpretation. When communications are correct, they decision-making are clear and easy to understand, ensuring that the intended message is received and acted upon. Accuracy is particularly important in business communication, where even a small error could have significant consequences, such as causing a miscommunication that leads to a missed deadline or lost business opportunity. By focusing on correctness, Matilda and her classmates will learn how to produce clear, accurate, and error-free business communications that are effective in achieving their intended goals.
Learn more about decision-making here:
brainly.com/question/16407152
#SPJ4
verify describe the distillation process of alcohol
which organization develops and publishes the majority of the consensus standards used in u.s. and canadian jurisdictions?
International Organization for Standardization (ISO) is the organization that develops and publishes the majority of the consensus standards used in U.S. and Canadian jurisdictions.
International Organization for Standardization (ISO) is an organization that helps in forming jurisdiction standards for countries like the United States and Canada.
The consensus is a part f the jurisdiction whose standards are also set by the International Organization for Standardization (ISO). The ISO believes that for countries like the United States and Canada, it is important that an agreement for any kind of jurisdiction be bought through standard consensus as the people of these countries have a democratic set of mind. A general agreement is made through a consensus for forming the jurisdiction.
To learn more about the U.S., click here:
https://brainly.com/question/25125137
#SPJ4
Mary invested $200 for 3 years at 5% per annum. John invested $300
at the same rate. If they both received the same amount of money in
simple interest, for how many years did John invest his money?
a. 1 1/2
b. 2
c. 3
d. 10
Answer:
b. 2
Explanation:
Simple interest is calculated using the formula
I = p x r x t
Where p= principal amount
r= interest rate
t= time in years
Mary invested $200, at 5% for three years. She earned a simple interest of;
I= $200 x 5/100 x 3
=$200 x 0.05 x 3
=$30
If John received the same amounts, It means
$30= $300 x 0.05 x t
$30 = $15t
t= $30/$15
t=2
Time is 2 years
owen files a suit against perry. if perry fails to respond, (True or False)
If Perry fails to respond to Owen's lawsuit, it may result in a potential default judgment. However, the specific legal process and outcomes can vary based on jurisdiction and the nature of the lawsuit.
In legal proceedings, if one party, in this case, Perry, fails to respond to a lawsuit filed by Owen, it may open the possibility for Owen to request a default judgment. A default judgment is a decision rendered in favor of the plaintiff when the defendant fails to respond or defend themselves in the case.
However, it is important to note that the specific rules and procedures regarding default judgments can vary based on the jurisdiction and the type of lawsuit involved. Each legal system has its own requirements and processes that need to be followed. Therefore, it is crucial for individuals involved in a lawsuit to seek the advice of a legal professional who can provide accurate information and guidance based on the specific circumstances and applicable laws.
Legal professionals can offer insights into the potential consequences of a defendant's failure to respond and help navigate the legal process effectively.
To learn more about lawsuit, click here: brainly.com/question/15442964
#SPJ11
List and describe six (6) rules for communicating verbally and in writing with
someone.
1.
2.
3.
4.
5.
6.
Alpha Home has a pay range of $10.50 to $12.00 per hour for sales associates in its stores. As the local economy picks up, most stores start offering $11.00, so Alpha does the same. But then workers with two years experience are eaming the same as new hires. What issue is facing HR managers? A. Fair pay for interns B. Ecual pay for comparabe worth 6. Equal pay for equal work D. Wage-rate compression
Answer:
Wage-rate compression.
the optimal mix of output is the most desirable combination of output attainable with existing
The superior mix of output is the most suitable aggregate of output manageable with current resources, technology, and social values.
Is the market mix of output and the gold standard mix of output continually the same?The market mix of output and the gold standard combine of output are continually the same. The market tends to underproduce public goods. Public choice idea emphasizes the function of self-interest in public decision-making.
Market failure implies that the market mechanism: Leads the economy to the incorrect combine of output. Market failure leads to: Public items being under-produced.
Learn more about optimal mix here:
https://brainly.com/question/15124694
#SPJ4
Federal employment discrimination laws restrict the ability of employers to discriminate against workers on the basis of Group of answer choices education. experience. all of the choices. gender.
Option d. Federal employment discrimination laws restrict the ability of employers to discriminate against workers on the basis of gender.
What is discrimination?This is the type of bias that may exist in the society because of where a person is from, their tribe, religion and their beliefs.
Discrimination based on gender is an offense against an employee who is competent and qualified for a job.
Read more on discrimination here:
https://brainly.com/question/1084594
#SPJ1
When calculating the profit impact of a discontinuing a segment, consider _______
When calculating the profit impact of a discontinuing a segment, consider the segment's traceable fixed costs, the segments contribution margin
segment is a partition of an organisation that actually creates its own income for the government and develops its own products, products, or business solutions. Costs but rather operations associated with segments are customarily atomic. Business segments are yet another term for segments. A traceable fixed cost is an expense incurred as a result of the creation of a segment. The fixed cost couldn't have been incurred if the segment had never existed, and it would disappear if the segment were eliminated.
Learn more about segments here:
https://brainly.com/question/28964140
#SPJ4
what is the poem about "a bird came down the walk"
Answer:
It is called A bird came down the Walk by Emily Dickinson
Turtle Inc. has developed a new and improved widget. The company plans to sell the product through an existing website. Turtie's marketing department believes the product will sell for $110. Turtle's goal is a 30 percent profit margin on the widget. Required: 1. If current prototypes cost $61.00 to produce, will Turtle meet its profit goal? Yes No 2. Caiculate the target cost necessary for Turtle to earn 30 percent profit.
The target cost necessary for Turtle Inc. to earn a 30 percent profit margin is $77.
To determine if Turtle Inc. will meet its profit goal, we need to calculate the selling price and deduct the cost of production. Let's perform the calculation:
Selling price = $110
Cost of production = $61
Profit margin = Selling price - Cost of production
Profit margin = $110 - $61 = $49
Now, let's calculate the percentage profit margin:
Percentage profit margin = (Profit margin / Selling price) * 100
Percentage profit margin = ($49 / $110) * 100 ≈ 44.55%
Since the calculated profit margin is higher than the desired 30 percent profit margin, Turtle Inc. will meet its profit goal.
Answer: Yes, Turtle Inc. will meet its profit goal.
To calculate the target cost necessary for Turtle Inc. to earn a 30 percent profit margin, we can use the following formula:
Target cost = Selling price - (Selling price * Desired profit margin)
Target cost = $110 - ($110 * 0.30)
Target cost = $110 - $33
Target cost = $77
Therefore, the target cost necessary for Turtle Inc. to earn a 30 percent profit margin is $77.
Please note that the target cost represents the maximum cost at which Turtle Inc. can produce the widget while achieving the desired profit margin.
Learn more about cost from
https://brainly.com/question/28147009
#SPJ11
First and foremost, the video game industry is a business. It makes billions of dollars every year, and a large part of that money comes from M-rated games. Halo 3, one of those M-rated games, sold $170 million on its first day of release. Somehow, people expect to put a stop to that, just rid the industry of millions of dollars worth of high-quality adult games that are responsible for hundreds or thousands of jobs and are a viable alternative to movies or television aimed at the same audience. What type of argument does this passage utilize
Answer:
Appeal to logic
Explanation:
Appeal to logic is a type of argument that relies on presentation of facts to convince a target audience.
Logical appeal is made up of claim, evidence, and warrant.
In the given scenario the author claims the video game industry is a business that makes billions of dollars every year.
The evidence he presents is that a a large part of that money comes from M-rated games. For example Halo 3, one of those M-rated games, sold $170 million on its first day of release.
A large public corporation in the telecommunications industry has become so powerful that it uses its vast resources to prevent other companies from entering the market as a competitor. the federal courts determine the company to be an illegal monopoly and order it to be split into multiple separate corporations. why
is this government action considered appropriate in americas free market economy?
A. in a free market economy, it is important for wealth to be distributed evenly.
B. by acting to disband a monopoly, the government is actually protecting competition and the free market.
C. the government has extraordinary power to step in and intervene in cases dealing with public corporations.
D. despite popular belief, America is not meant to have a free market economy.
Answer:
by acting to disband a monopoly, the government is actually protecing competition and the free market
Explanation:
Under an acceptable method of costing by-products, inventory costs of the by- product are based on the portion of the joint production cost allocated to the by-product Select one: a. minus any subsequent processing cost. b. plus any subsequent processing cost. c. but any subsequent processing cost is debited to the cost of the main product. d. but any subsequent processing cost is debited to revenue of the main product
Answer:
b. plus any subsequent processing cost.
Explanation:
In the case of the acceptable costing method for by-products the inventory cost that are depend upon the joint cost should be distribution to the by-product plus if there is any processing cost
that means
Inventory cost of the bu-product = joint cost + processing cost
Therefore the same should be considered
Kenworth Company uses a job-order costing system. Only three jobs-Job 105, Job 106, and Job 107 were worked on during November and December. Job 105 was completed on December 10; the other two jobs were still in production on December 31, the end of the company's operating year. Data from the job cost sheets of the three jobs follow: Job Cost Sheet Job 105 Job 106 Job 107 November costs incurred Direct materials $16,700 $ 9,500 $ 0
Direct labour $13,200 $7,200 $ 0
Manufacturing overhead $21,120 $11,520 $ 0
December costs incurred Direct materials $0 $8,300 $21,700 Direct labour $4,150 $6,100 $10,200
Manufacturing overhead ? ? ?
The following additional information is available
a. Manufacturing overhead is applied to jobs on the basis of direct labour cost
b. Balances in the inventory accounts at november 30 were as follows
Predetermined overhead rate = $21120/$13200 = 160% of direct labor cost
How to solveWork in process on Nov. 30 = $16700 + $13200 + $21120 + $9500 + $7200 + $11520 = $79240
Raw Materials Work in Process
Beg. Bal. 40600 34150 a. Raw materials issued 30000
a. Raw materials issued 30000 b. Direct labor incurred 20450
b. Direct labor incurred 20450 3-b. Manufacturing overhead applied 32720
3-b. Manufacturing overhead applied 32720 End. Bal. 6450 End. Bal. 100600
Finished Goods Manufacturing Overhead
Beg. Bal. 86000 a. Manufacturing overhead incurred 19270
a. Cost of goods manufactured 61810 b. Manufacturing overhead applied 32720
End. Bal. 147810 End. Bal. 1100
Event General Journal Debit Credit
a. Work in process 30000
Raw materials 34150
Manufacturing overhead 4150
(To record issue of materials)
b. Work in process 20450
Salaries & wages payable 28650
Manufacturing overhead 8200
(To record labor costs incurred)
c. Manufacturing overhead 19270
Accounts payable 19270
(To record manufacturing overhead costs incurred)
Predetermined overhead rate = $21120/$13200 = 160% of direct labor cost
Event General Journal Debit Credit
1 Work in process 61810
Finished goods 61810
(To record jobs completed and transferred)
Cost of Job 105 completed and transferred to finished goods = $16700 + $13200 + $21120 + $4150 + (160% x $4150) = $61810
Job 106 Job 107 Total
Direct materials 17800 21700 39500
Direct labor 13300 10200 23500
Manufacturing overhead 21280 16320 37600
Total cost $ 52380 48220 100600
Read more about direct labor costs here:
https://brainly.com/question/26245657
#SPJ1
If you know you are at risk of becoming unemployed, you should _____. a. wait until you officially lose the job to worry b. get additional education to learn new skills c. spend all your money while you are still making it d. ignore the economy, because it is always changing
Answer:
B is the smartest option
The correct option is B. If you know you are at risk of becoming unemployed, you should get additional education to learn new skills.
When done properly, skill development can lower unemployment and underemployment, boost productivity, and raise living standards. It makes economic sense to assist people in expanding and updating their skill sets.
What is the importance of skills?Enhances communication, time management, and negotiation abilities, as well as the ability to expand one's professional network. Talent Development: Skills are something that can be learned. People can find, develop, and nurture their intrinsic talent in the preferred sector with the aid of skill training.
Fundamentally, skills development helps people to pick up new talents in order to find employment and possibly launch a lifetime career. Youth are especially vulnerable to unemployment in our country, which affects 29% of the population; 55.2% of those between the ages of 15 and 24 are jobless.
The best choice is B. If you are aware that you could lose your job, you should continue your education to pick up new skills.
Learn more about the Importance of Skills here:
https://brainly.com/question/14970451
#SPJ2
Why can communicating with someone with a different background than yours present challenges?
the difference between personal assets and personal liabilities
Answer:
Assets include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.
Explanation:
Answer:
Assets: include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate.
Liabilities: include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.
Difference between Assets & Liabilities:
Assets are what a business owns and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equals equity, or an owner's net worth.
Dave works as a traveling pharmacist. He does not work at one pharmacy but fills in all over the country whenever another pharmacist needs a day off. This is an example of a(n)
traditional career
entrepreneurship
remote worker
non-traditional career
Answer:
non-traditional career
Explanation:
The non-traditional career refer to the job where the job could be filled from one gender. According to the Labor US department it means the occupation where the one gender would compromise for lower than 25% of the employed individuals in such occupation
Since in the given situation dave does not work at one pharmacy but want to fill in over the country in the case when the other person needs a day off
So this represent the non-traditional career
Which process refers to starting up a computer?
Which process refers to starting up a computer?
Ans: Booting
Which three characteristics help identify a business opportunity? (Choose three)
Select 3 correct answer(s)
Branding
Quality
Price
Service
Marketing
Size
Marketing, Size, and Quality are the three characteristics that help identify a business opportunity. The correct options are B, E, and F.
How do entrepreneurs identify business opportunities?When entrepreneurs look for opportunities in existing markets, they find them. This implies that they are aware of technological, economic, and social trends. They observe changes in their professional or personal environment and events. They communicate with others in their network.
Firms can survive, thrive, and remain competitive in their markets by continuously identifying and exploiting new opportunities. When this is widespread, the entire economy benefits from long-term growth.
Thus, the ideal selections are options B, E, and F.
Learn more about business opportunities here:
https://brainly.com/question/13334486
#SPJ1
Answer: Marketing, Size, and Quality
Explanation: I got it right on a test
Which of the following is example of monetary policy?
Answer: I believe it would be B. not positive :)
Explanation: Expansionary fiscal policy
It entails the government spending more money, lowering taxes or both. The goal of expansionary fiscal policy is to put more money in the hands of consumers so they spend more and stimulate the economy.
Violet Inc. has been undertaking a lot of responsibilities as a company in order to be the best in its industry. Over time, however, these responsibilities become tough to handle and the company finds it difficult to efficiently manage the time and effort to perform its activities. In contrast, other firms in the industry that outsource some of their activities to smaller companies find it easier to generate more profit than Violet Inc. The situation faced by Violet Inc. in this example illustrates one of the important disadvantages of vertical integration that is _________.
A. loss of focus
B. loss of flexibility
C. loss of frequency
D. loss of facility
in some instances, firms pair multiple channels with a multibrand strategy. the purpose of this strategy is to ________ of the firm’s family brand and differentiate its marketing channels.
In some instances, firms pair multiple channels with a multibrand strategy. The purpose of this strategy is to enhance the overall image and reputation of the firm’s family brand and differentiate its marketing channels
Firms use a multibrand strategy and pair it with multiple channels in order to achieve certain objectives. The purpose of this strategy is to enhance the overall image and reputation of the firm’s family brand while also differentiating its marketing channels.
By pairing multiple channels with a multibrand strategy, firms can create a more diverse and comprehensive marketing approach that caters to the needs and preferences of different segments of customers. Additionally, the use of multiple brands can help to create a unique identity for each channel, which can increase their appeal and effectiveness. This approach can also help firms to compete more effectively with other companies in the same industry, by offering customers a wider range of products and services.
Overall, the use of a multibrand strategy and multiple channels can be an effective way for firms to strengthen their brand and increase their market share.
Learn more about marketing channels here: https://brainly.com/question/29811985
#SPJ11
5. You purchase your daily
coffee at the chemist’s coffeehouse and have a choice of two cups
with different specific heat capacity. Which cup will you choose,
the cup with a low specific or the cu
You would choose the cup with a low specific heat capacity.
Specific heat capacity refers to the amount of heat energy required to raise the temperature of a substance by a certain amount. In the context of coffee cups, a cup with a low specific heat capacity means that it heats up or cools down quickly in response to changes in temperature.
When you purchase your daily coffee, you likely want to enjoy it at an optimal temperature for a longer period. By choosing a cup with a low specific heat capacity, it will absorb less heat from the coffee, allowing it to stay hot for a longer time. The cup will also cool down faster when exposed to the surrounding environment, preventing your coffee from becoming lukewarm too quickly.
On the other hand, a cup with a high specific heat capacity would absorb more heat from the coffee, causing it to cool down rapidly. This would result in your coffee becoming cold faster, making it less enjoyable to drink.
Therefore, opting for a cup with a low specific heat capacity would be more advantageous as it helps maintain the desired temperature of your coffee for a longer duration.
Learn more about : Specific heat capacity
brainly.com/question/28302909
#SPJ11