Estimating bad debts is a circumstance that necessitates an adjusting entry that is neither a prepayment nor an accrual entry.
Bad debt: What is it?
Sometimes a firm needs to figure out what percentage of its receivables is recoverable when it comes time to prepare its financial statements at the end of the fiscal period. The two techniques of documenting bad debt are 1) direct write-off method and 2) allowance method, and they both involve recording the percentage that a company considers is uncollectible.
The significance of bad debt costs
Companies create financial statements at the beginning of each fiscal year or quarter. Investors and potential investors look at the financial accounts, thus they need to be trustworthy and honest.
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A manager who stresses that workers will be more productive if they are happy and are given the proper working conditions is operating under which organizational theory?
A manager who stresses that workers will be more productive if they are happy and are given the proper working conditions is operating under Modern Organizational Theory.
Modern Organizational Theory: There are various management development strategies included in contemporary theory, often known as modern organizational theory. This theory takes into account interpersonal connections among organization members as well as interactions between individuals within a given organization and its surroundings.
This method was developed by theorists using both quantitative and behavioral sciences and was based on systems analysis. This implies that professional leaders who adopt this idea may take into account the satisfaction and happiness of their employees while using statistical and analytical information to make business decisions.
A manager who stresses that workers will be more productive if they are happy and are given the proper working conditions is operating under Modern Organizational Theory.
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Sc johnson airs television ads that highlight the qualities of the company rather than promote specific brands. these ads would best be described as _______ advertising.
Sc Johnson airs television ads that highlight the qualities of the company rather than promote specific brands. these ads would best be described as Institutional advertising.
Institutional Advertising can be depicted as promotional exercises that are utilized to work on a brand's standing, form a positive picture of a brand, or energize the help of a particular brand or association.
This type of publicizing is not quite the same as other normal types of publicizing since it isn't utilized to sell a particular item or administration, rather, it's utilized to advance the brand or association itself to make a feeling of trust or regard.
The objective is to get watchers to contemplate the brand positively and to impel high buyer inclination.
While executing institutional publicizing, an objective gathering not entirely settled, all things considered with other normal types of promoting. A message and a strategy to convey that message is likewise required.
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Under accrual accounting, the revenue recognition principle dictates that revenue should be recognized in the accounting records:______.
The revenue recognition principle dictates that revenue should be recognized in the accounting records when it exists earned. The revenue recognition principle dictates that revenue be determined in the accounting period in which it stands earned.
What is Revenue Recognition Principle?According to the revenue recognition principle, a company's revenues should be recorded as soon as the service or product is deemed given to the client rather than when the money is actually received. In the world of finance, an accrual is the accumulation of interest or various investments over time.
A corporation can use accrual accounting, a financial accounting technique, to record revenue before getting payment for goods or services sold, or expenses can be recorded as incurred before being reimbursed by the company. Accrual based accounting is the practise of recording transactions as they happen in the books of accounts, even if a payment has not yet been made or received for the relevant good or service.
The revenue recognition principle dictates that revenue should be recognized in the accounting records when it exists earned. The revenue recognition principle dictates that revenue be determined in the accounting period in which it stands earned.
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Answer:
1st
2rd
Explanation:
A business purchases $5,000 in equipment with cash. how would this transaction affect the accounting equation?
This raises the asset account for inventories as well as the accounts payable (Liability). The signature of a note for the acquisition of equipment changes the accounting equation by raising total assets and total liabilities. When equipment is purchased, the asset account for that item is boosted.
All transactions completed to account for the equipment acquisition appear on your balance sheet, not your income statement, at the time of purchase. Debit the whole cost of the transaction from the appropriate asset account, such as one for office or factory equipment.
It follows that all activity occurs on the asset side of the balance sheet: Assets: Equipment increase
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An underdeveloped economy in which communities use simple tools and traditional methods to harvest and hunt for food is called a(n)?
A(n) Traditional System is a term used to describe an underdeveloped economy in which communities harvest and hunt for food using basic tools and conventional techniques.
Describe the conventional economy.
Tradition, history, and long-held ideas serve as the foundation of a traditional economic system. Traditions, practices, and beliefs play a significant role in the production of goods and services in a traditional economy, as well as in the distribution of those commodities and services.
These types of economies are frequently seen in rural, agrarian nations. A traditional economy, also referred to as a subsistence economy, is characterized by trading and bartering. A small amount of surplus is created, and if any extra products are manufactured, they are usually donated to a ruling body or landowner.
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A(n) ________ energy audit is the most complex and difficult energy audit to perform.
A Investment grade energy audit is the most complex and difficult significance audit to perform.
What stands Investment grade ?
Investment grade refers to the grade of a company's credit. To be considered an asset grade issue, the company must be rated at 'BBB' or higher by Standard and Poor's or Moody's. Anything below this 'BBB' rating is believed non-investment grade.\
What is the distinction between investment quality and non-investment grade?
Investors generally group bond ratings into 2 major categories: Investment-grade guides to bonds rated Baa3/BBB- or better. High-yield (also directed to as "non-investment-grade" or "junk" bonds) pertains to bonds placed Ba1/BB+ and lower.
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According to objective theorists, once a principle is discovered and validated, it will continue to hold true as long as _____.
According to objective theorists Once a principle is found and proven, it will hold true for as long as "conditions remain relatively the same."
What is communication theory?
A concept that has been established and proven to be accurate will continue to stay true as long as "conditions remain relatively the same."
A hypothesized explanation of communication phenomena, their connections, a narrative outlining these connections, and a justification for these three components make up communication theory. A framework for discussing and analyzing the crucial commitments, procedures, and events that make up communication is provided by communication theory. Communication theory equips us with the means to respond to concerns about communication that are empirical, intellectual, or practical. Theory can be thought of as a technique to map the world and make it navigable.
Common sense and academic definitions of communication are provided.
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Munchen company sold bonds at a premium. over the life of the bonds, the carrying value of the bonds will:__________
Munchen company sold bonds at a premium. Over the life of the bonds, the carrying value of the bonds will decrease.
What are Bonds?
Bonds are high-security debt instruments that allow an organization to raise capital and meet capital needs. It's a type of debt that debtors obtain from private investors for a set period of time.
These securities have a face value that corresponds to their redemption cost. Additionally, during the holding period, the issuer pays the holders with coupons. There are many different types of bonds, including high-yield, zero-coupon, convertible, corporate, government, municipal, fixed-rate, floating-rate, and more.
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Explain why it is not sensible to close a business firm if it earns zero economic profits with an example.
because the consequences far outweigh the modest economic gains.
What is typical gain?
The normal profit metric determines whether a company is utilizing all of its resources by taking into account both explicit and hidden costs. The payments a business makes to external parties, such as those for rent, salaries, and raw supplies, are referred to as explicit costs. Opportunities for income that a business or other entity chooses not to take result in implicit costs, also known as opportunity costs. Implicit or opportunity costs can occur when a decision is made not to sell property in order to use it for the firm itself, or when a pay raise is forgone in order to continue operating a business.
When a corporation's entire costs and total revenues are identical, the term "zero economic" is used by economists to denote that the company has no economic profit. A business can typically claim a zero economic profit when it is competitive and generates revenues that cover its expenses.
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One advantage to health reimbursement accounts is that employees do not have to pay taxes on the amounts they are reimbursed under an hra. a. true b. false
One benefit to health reimbursement accounts is that employees do not have to spend taxes on the amounts they are reimbursed under an HRA. True
Do you have to pay taxes on HRA?Part of the HRA exemption is deductible from the total income before arriving at gross taxable revenue. This helps an employee to protect taxes. But do keep in mind that the HRA obtained from your employer, is fully taxable if a worker is living in his own house or if he does not spend any rent.
An HRA is an agreement between an employer and an employee allowing employees to get reimbursed for their medical costs.
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A company's options for lowering the costs of internally-performed value chain do not include?
A company's options for lowering the costs of internally-performed value chain activities do not include working closely with suppliers and/or distributors.
Knowledge of the Value ChainA strategy technique for examining internal business operations is value chain analysis. Its objective is to identify the operations that are most valuable to the company (i.e., the source of cost or differentiating advantage) and those that may be enhanced to give the company a competitive edge. In other words, by examining internal operations, the study identifies the competitive advantages and drawbacks of a corporation. When using differentiation advantage to compete, a company will strive to accomplish its tasks more effectively than its rivals. If a company competes on price, it will aim to carry out internal tasks less expensively than rivals.
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By enacting economic reform, education expansion, and railroad construction, reconstruction governments delayed settling the issue of?
By enacting economic reform, education expansion, and railroad construction, reconstruction governments delayed settling the issue of Land distribution.
A standard definition of economics might describe it as a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice.
A standard definition of economics might describe it as: a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice. Economic theory is a set of ideas and principles outlining how different economies work. Depending on their specific role, economists can use theory for different purposes.
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Shifting customer design decisions as far down the supply chain as possible is typically called?
Shifting customer design conclusions as far down the supply chain as potential is typically called C) Postponement.
What are aggregate planning and master production scheduling?
Aggregate planning creates master production programs for finished products. The objective of MRP is to decode those schedules into purchasing and production orders for the entire facility. The material necessities planning system also implies the material and capacity needs for each work center.
Actively designing products to redirect customer influence on the final design as close as feasible to the furthest point in the supply chain.
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could a decline in the production of current ""consumption goods"" lead to higher economic growth in the future? explain why or why not? message
A decline in consumption goods result in, a decrease in production means businesses will lay off workers, leading to unemployment. Consumption thus helps determine the income and output in an economy.
Consumption is defined because the use of products and services by a household. it's a component within the calculation of the Gross Domestic Product (GDP). Macroeconomists typically use consumption as a proxy of the general economy. When valuing a business, a securities analyst would study the consumption trends within the business’ industry. it's a very important step, because it helps the analyst with the belief section of the financial model.
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The case identifies various countries that take advantage of the open u.s. market and impose some level of protectionism. which countries are identified? group of answer choices
The correct answer is Japan, France, and U.K.
Through the use of restrictions like tariffs, protectionism seeks to support home industry and shield it from international competition. Consider Mr. Trump's tariffs on steel and aluminum. The president announced a 25% tariff on all imports of steel and a 10% duty on aluminum in May 2018.
What drives US protectionism?Protectionist policies are typically implemented to increase economic activity within a home economy. However, they can also be introduced due to safety or quality concerns.
When has protectionism been used by the US?In the United States, protectionism is an economic strategy that imposes tariffs and other restrictions on imported goods. The 19th century saw the greatest use of this policy in the US.
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The principle of surplus productivity states that after paying the costs of the first three agents of production, any residual income is attributed to ________.
The principle of surplus productivity states that after paying the costs of the first three agents of production, any residual income is attributed to D. LAND.
What does the principle of surplus productivity say?The principle of surplus productivity talks about how the costs of the agents of production are distributed. These agents include labor and capital.
The Principle notes that when the costs of these other agents have been paid for, the residual income should go to the last agent which is Land.
Options for this question include:
a. Labor
b. Entrepreneurship
c. Capital
d. Land
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An amount of fissionable material that sufficient to sustain a chain reaction at a constantly increasing rate is called a:________
A supercritical mass is a quantity of fissionable material sufficient to maintain a chain reaction at a steadily increasing rate.
What does "critical mass" mean?When a developing business reaches critical mass, it becomes self-sufficient and no longer need outside investment to remain profitable. It is a critical stage in the evolution of a developing business. The mass of this material is referred to as supercritical if there is sufficient radioactive material for the chain reaction to proceed at an exponential pace. In nuclear physics, the critical mass is the smallest quantity of a particular fissile material required to produce a self-sustaining fission chain reaction under certain circumstances. But for the reaction to continue, there must be enough Uranium-235 nuclei positioned close enough together. To put it another way, a "critical mass" is needed. Free neutrons will escape if there is insufficient mass, which will cause the fission process to stop.
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Amber starts a small firm that manufactures clothing for leading fashion brands in the united states. what would likely be a principal immediate threat to this firm?
The thing that would most likely be a principal immediate threat to this firm is Rapidly advancing technology
What is a Business?This refers to the venture that is embarked on, primarily for the aim of making a profit.
Hence, we can see that The thing that would most likely be a principal immediate threat to this firm is Rapidly advancing technology
This is because with advances in technology, there would be cheaper alternatives that are better to manufacture the clothing and she would be pushed out of business.
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If the government places a $2 tax per bag of potato chips on the producers, what would the consumers of potato chips observe?.
Answer:the price of potato chips would rise by some amount
Explanation:
Answer:
higher prices
Explanation:
because the producers would essentially sell potato chips for 2 dollars more to make up for the tax money lost
National income and product data are generally revised.what effects would the following revisions haveon consumption, investment, government purchases,net exports, and gdp?
Consumer purchases of North Carolina-made furniture count as consumption; as a result, consumption rises by $6 billion, investment stays the same, government purchases remain the same, net exports remain the same, and GDP rises by $6 billion.
What is GDP?A popular measure of economic performance is the gross domestic product (GDP). The gross domestic product (GDP), which accounts for all economic activity in a country over a specific time period, is seasonally adjusted to take into account seasonal changes in output. In order to reflect increases in output rather than changes in the prices of goods and services, the most carefully followed GDP indicator is also adjusted for inflation.
The size of country economies is regularly compared using annual GDP totals. The yearly rate of growth or contraction of the GDP is more relevant to policymakers, players in the financial markets, and company executives. Comparing annual and quarterly rates is now simpler as a result.
Thus, GDP is the most accurate indicator of a Nation's Economic Value.
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Complete Question
National income and product data are generally revised. What effects would the following revisions have on consumption, investment, government purchases, net exports, and GDP? Give an adequate explanation.
It is discovered that consumers bought $6 billion more furniture than previously thought. This furniture was manufactured during the current year in Sweden.
___is a customer benefit package (cbp) feature that departs from the standard cbp and is normally location specific or firm.
Variant A is a customer benefit package (cbp) feature that departs from the standard cbp and is normally location specific or firm.
What is customer benefit package?A customer benefit package(CBP) can be described as one that forms part of the operations management toolkit.
It should be noted that this involves a clearly defined set of tangible (goods) as well as intangible features which is been recognized by the customer for purchase or use.
In conclusion, Variant A is a customer benefit package (cbp) feature that departs from the standard cbp and is normally location specific or firm.
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Other economists contend that the problem is not the degree of protection afforded workers but rather the manner in which the protection is:_________
The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations.
Analysis of Equal Protection
An individual has the right to file a lawsuit against a governmental body for relief when they believe that the federal or state governments have infringed their constitutional equal rights.
The person must first establish that the governing body genuinely discriminated against them, depending on the sort of discrimination claimed. The plaintiff must demonstrate that the governing body's action actually caused the individual injury.
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After paying 25% in taxes and paying off his car loan of $23,000, he has $22,000 left. what was the grand prize of the scratch-off before taxes were applied and before jose paid off his car loan?
Answer:
60,000
Explanation:
price before he paid his loan was 22000+ 23000 = 45000
25% were taxes which means 75% is the value remaining after paying taxes.
let the original prize be x
x × 75% = 45000
45000/75% = x
x = 60000
If the buyer does not have a clear and unambiguous description or specification and wants to find out which supplier can deliver the best value when and where needed, he or she will typically issue:_________
If the buyer is trying to determine which provider would offer the best value when and where it is needed but does not have a precise and unambiguous description or specification, he or she will typically issue request for proposal (RFP)
What is Request for Proposal?
When a product or service is needed but does not yet exist, a request for proposals (RFP) is used. The proposal may involve conducting research and development to produce the requested good or service.
The RFP establishes the initial requirements for the good or service and may, to varying degrees, dictate the manner and structure of the supplier's response. Effective RFPs frequently reflect business strategy and short- and long-term goals, giving vendors in-depth knowledge from which to offer a complimentary viewpoint.
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Boxes, inc. sells products to end users or to other companies that will sell to end users. boxes, inc. is a ________.
If Boxes, inc. sells products to end users or to other companies that will sell to end users. boxes, inc. is a: A reseller.
Who is a reseller?A reseller can be defined as someone that buy goods or product from a company and then sell the goods to another company or sell the goods to consumer, end or final user.
A reseller tend to engage in this process so as to make profit based on the fact the price the goods was sold to the reseller will not be the same price the reseller will sell to end user.
Therefore If Boxes, inc. sells products to end users or to other companies that will sell to end users. boxes, inc. is a: A reseller.
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To calculate the unit product cost using the job cost sheet ______ by the number of units produced.
To calculate the unit product cost using the job cost sheet: divide the total job cost by the number of units produced.
What is Unit product cost ?Unit product cost can be described as the total cost of a production run, which is been divided by the number of units produced.
It should be noted that this help the company to have the understanding about how costs are accumulated since it could include hundreds or thousands of units per batch, hence To calculate the unit product cost using the job cost sheet: divide the total job cost by the number of units produced.
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Show the order in which these asset accounts would appear on a company's balance sheet.
Show the order in which these investment accounts would appear on a company's balance sheet.
a. Cash
b. Supplies
c. Equipment
What is the order of investments on a balance sheet?
Order of liquidity is the representation of assets in the balance sheet in the order of the amount of time it would usually take to alter them into cash. Thus, cash is always presented first, observed by saleable securities, then accounts receivable, then inventory, and then fixed investments.
After asset accounts, the chart of charges would include liability accounts and owners' equity accounts.
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According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
Small sellers to a buying center should first concentrate their marketing efforts on reaching ________.
Small sellers to a buying center should first concentrate their marketing efforts on reaching influencers.
What is the function of influencers?The influencer are those that help in promoting the brand of the company, since the marketing operation involves theaction or business of promoting as well as selling products or services which could including market research and advertising.
It is the function of the influencers to help in the promotion, hence Small sellers to a buying center should first concentrate their marketing efforts on reaching influencers.
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Is the company's market-to-book ratio meaningful? is its book debt-equity ratio meaningful? explain
Both the market-to-book and debt-equity ratios are important to the company.
What do we mean by market-to-book ratio and debt-equity ratio?Market Book Ratio:
The Market Book Ratio (also known as the Price Book Ratio) is a financial valuation metric used to compare the current market value of a company to its book value. The current stock price of all outstanding shares is used to calculate the market value (i.e. the price that the market believes the company is worth). The book-to-market ratio identifies securities that are undervalued or overvalued by dividing the book value by the market value. The ratio determines a company's market value in relation to its actual worth.Debt-to-equity ratio:
The debt-to-equity ratio is calculated by taking a company's total liabilities and dividing them by its total shareholders' equity. For most businesses and industries, a good debt-to-equity ratio is less than 2.0. The debt-to-equity (D/E) ratio indicates the proportion of equity and debt used to finance a company's assets. In the event of a business decline, the D/E ratio indicates the extent to which shareholder equity can fulfill obligations to creditors.Both the market-to-book ratio and debt-equity ratio are meaningful to the business.
As a result, the market-to-book and debt-equity ratios are essential to the organization.
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