a) Adjusting entry for uncollectible accounts = $40,800 - $8,000 = $32,800
b) Accounts Receivable = $885,000 - $32,800 = $852,200
Allowance for Doubtful Accounts = $40,800
Bad Debt Expense = $32,800
c) The net realizable value of accounts receivable is $811,400.
a) Adjusting entry for uncollectible accounts = The balance of Allowance for Doubtful Accounts - Allowance for Doubtful Accounts has a debit balance of $8,000
= $40,800 - $8,000 = $32,800.
b) Adjusted balances for Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense are given below:
Accounts Receivable = Accounts Receivable - Adjusting entry for uncollectible accounts = $885,000 - $32,800 = $852,200
Allowance for Doubtful Accounts = $40,800
Bad Debt Expense = Adjusting entry for uncollectible accounts = $32,800
c) Net realizable value of accounts receivable is the difference between the accounts receivable balance and the allowance for doubtful accounts balance.
Net Realizable Value = Accounts Receivable - Allowance for Doubtful Accounts= $852,200 - $40,800 = $811,400
Therefore, the amount of the adjusting entry for uncollectible accounts is $32,800, the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense are as follows:
Accounts Receivable = $852,200, Allowance for Doubtful Accounts = $40,800, and Bad Debt Expense = $32,800.
The net realizable value of accounts receivable is $811,400.
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A company's pr efforts are often aimed at doing what? a. getting publicity. b. reducing press releases. c. getting more ads. d. comparing ad prices. please select the best answer from the choices provided a b c d
Answer:
b. reducing press releases
Explanation:
Press releases can be negative a lot of the time, so the PR works to reduce the negativity brought by the press about the company.
Situational variables that cause one style of leadership to be more effective than another are also called:
Answer:
leadership style and situational favorableness
Explanation:
Organizational behavior clearly indicates that managers should be held accountable for task performance results but not job satisfaction results since job satisfaction results are the domain of employees.True False
The given statement which states that in organizational behavior, managers should be responsible for task performance results and not job satisfaction results is false.
What is Job Satisfaction?This refers to the feelings of fulfilment which a person gets based on the job he is doing.
With this in mind, we can see that in the organizational behavior which lays emphasis on the interaction of people in groups, then the managers are also held responsible for the job satisfaction results.
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What must be established in an agency of necessity?
a，A real emergency.
b，inconvenience to obtain instructions of the principal.
c，agent acted as a matter of convenience.
d，failure of the agent to obtain instructions of the principal.
These include a real emergency, the inconvenience of obtaining instructions of the principal, the agent acting as a matter of convenience, and the failure of the agent to obtain instructions of the principal.
In a situation where a real emergency arises, an agent can act on behalf of the principal without obtaining prior instructions. An emergency situation is any situation that demands immediate action and may include life-threatening circumstances or property damage that is about to occur. Inconvenience is another factor that may necessitate the agent to act in the interest of the principal without prior instructions.
The fact that the agent acted as a matter of convenience must also be established in an agency of necessity. Sometimes, the agent may act for the principal without explicit instructions, especially in situations where the principal is inaccessible.
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It’s a good idea to use a _____ to track your job hunting efforts.
map
scrapbook
journal
calendar
after a hurricane breaks all the windows in the stores on commercial street, under which circumstances is mark likely to start looting local businesses due to deindividuation?
Mark is deeply stirred by the storm's destruction after a hurricane smashes every window in the shops on Commercial Street.
Describe a hurricane.A revolving low-pressure weather system known as a tropical cyclone lacks fronts and has organized thunderstorms (a boundary separating two air masses of different densities). Tropical depressions are tropical cyclones with maximum sustained surface winds of less than 39 mph (mph).
Although hurricanes can and have happened outside of this window, "Hurricane Season" officially runs from June 1 to November 30. The Atlantic basin experiences extremely powerful storm systems, which average 12 times a year, according to NOAA's National Hurricane Center.
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When creating a worldwide organizational structure, one criteria that companies do not rely on as the basis for organizational subdivisions at the second, third, and still lower levels is
Companies rarely use geographical locations to divide their global organizations into second, third, and lower levels.
Geographic location may determine the broad regional or country-level divisions of a global organization, but it is rarely the main or primary reason for deeper organizational subdivisions. Instead, firms structure their lower-level global organizations around functional areas, business units, product lines, customer segments, or operational processes. These factors allow organizations to connect their organizational structure with business goals, strategy, and operational requirements rather than just geography. Functional, business-focused, or process-based subdivisions help firms coordinate, integrate, and allocate resources across regions, fostering efficient decision-making and exploiting specialized skills.
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which of the following goods is rival and excludable?question 44 options:an uncongested toll roadan uncongested nontoll roada congested nontoll roada congested toll road
An uncongested toll road is rival because if one car is using the road, it reduces the availability of the road to another car.
It is excludable because only those who pay the toll can use the road, and access can be restricted to those who don't pay the toll.
The goods that are rivalrous are those whose consumption by one individual decreases the availability of that good to another individual. Excludability refers to the ability to restrict access to a good.
Based on this, the answer to the question is: "an uncongested toll road" is rival and excludable.
An uncongested non toll road is rival but not excludable, as anyone can use the road without restriction.
A congested non toll road is rival but not excludable, as anyone can use the road without restriction, but the congestion may limit the availability of the road.
A congested toll road is both rival and excludable, as only those who pay the toll can use the road, and the availability of the road decreases as more cars use it.
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Cash collected and recorded by a company but not yet reflected in a bank statement are known as a credit memos. b. deposits in transit c. debit memos. d. outstanding checks.
The answer to the given problem is option b) deposits in transit.
Deposits in transit are referred to as a company’s cash collected and recorded, but not yet shown on a bank statement. The deposits in transit are primarily the cash and checks deposited to a bank account by a company in the form of a deposit but have not yet been reflected in the bank statement of the company for processing. They are a component of the company's bank reconciliation statement. The outstanding checks, credit memos, and debit memos are not the correct options as these are referred to as the items that are reflected on the bank statement and require processing for a bank reconciliation to balance the company's bank account. Therefore, the correct option is b) deposits in transit.
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when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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Suppose the cost of a full-page color ad in the U. S. National edition of The Wall Street Journal (newspaper) is $327,897 and its U. S. Audience size is 1,566,027. The cost of a full-page color ad in the U. S. National edition of Sports Illustrated (magazine) is $396,600 and has an audience size of 3,000,000. The cost of a 30-second ad on the most recent Super Bowl telecast is $3,800,000 and has an audience size of 108,400,000. Using this information, which metric should be used to determine the most efficient medium would
Based on the calculations, the Super Bowl telecast has the lowest CPM of approximately $35.10, making it the most cost-efficient medium among the options provided.
To determine the most efficient medium for advertising, we need to compare the cost of advertising to the audience size. One commonly used metric for this purpose is the Cost per Thousand (CPM), which represents the cost of reaching 1,000 individuals within the target audience.
To calculate the CPM, we divide the cost of advertising by the audience size, and then multiply the result by 1,000.
Let's calculate the CPM for each medium:
For The Wall Street Journal:
CPM = (Cost of ad / Audience size) * 1,000
CPM = ($327,897 / 1,566,027) * 1,000
CPM ≈ $209.28
For Sports Illustrated:
CPM = (Cost of ad / Audience size) * 1,000
CPM = ($396,600 / 3,000,000) * 1,000
CPM ≈ $132.20
For the Super Bowl telecast:
CPM = (Cost of ad / Audience size) * 1,000
CPM = ($3,800,000 / 108,400,000) * 1,000
CPM ≈ $35.10
By comparing the CPM values, we can determine the most efficient medium for advertising. A lower CPM indicates a more cost-efficient option.
Based on the calculations, the Super Bowl telecast has the lowest CPM of approximately $35.10, making it the most cost-efficient medium among the options provided.
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The discovery of a large amount of previously-undiscovered oil in the U.S. would shift
a) the long-run aggregate-supply curve to the right.
b) the long-run aggregate-supply curve to the left.
c) the aggregate-demand curve to the left.
d) None of the above is correct.
The long-run aggregate-supply curve would be moved to the right in the event that a significant amount of previously undiscovered oil was found in the United States. the lengthy term (b)
What is aggregate supply formula
The short-run aggregate supply is calculated using the equation Y=Y+(PPe). In the equation, Y stands for the economy's output, Y* for its natural level, coefficient is always positive, P stands for the current price level, and Pe stands for the predicted price level. To determine the state of the economy, economists use a variety of macroeconomic and microeconomic criteria. The general demand for the goods and services produced is one of the most significant criteria they take into account. Aggregate demand is the term used to describe this.
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how saving account fits with my time horizon retirement
An investment's time horizon is indeed the length of time it will be held before being sold. Choose the best Retirement savings are the most popular long-term investments.
What do you mean by investment?A purchase made with the intention of creating income or capital growth is known as an investment. Appreciation is the term for an asset's value rising over time. A person buys in a good with the intention of using it to build wealth in the future rather than for current consumption.
How can beginners invest?Open a Demat and trading account using your linked banking account. Log into that trading account. Select the shares that you wish to buy or sell. Ensure that you have the requisite amount of funds in your account to buy the shares.
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To file your federal and state taxes you ____________?
a)must prepare different forms for each type of government (if your state requires it)
b)can use tax preparation software for federal taxes, but can't for state taxes
c)must prepare the same tax forms for both
d)can use tax preparation software for state taxes, but can't for federal taxes
Answer:
a)must prepare different forms for each type of government (if your state requires it)
Explanation:
Federal is the same for everyone, state is dependent for which state you live and work in. B and C are wrong because you can use tax preparation software for both Federal and state.
To file your federal and state taxes you should: a. prepare different forms for each type of government (if your state requires it)
Recall:
Preparing of tax returns for federal and states is done using different forms as it applies to your state.There are tax preparation software that can be used whether federal or state tax. Examples of tax preparation software are Credit Karma Tax, Jackson Hewitt, TaxSlayer, among others.Therefore, to file your federal and state taxes you should: a. prepare different forms for each type of government (if your state requires it)
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If supply increases and demand stays the same, there will be a
A) higher equilibrium price and quantity
B)lower equilibrium price and higher quantity
C) lower equilibrium price and quantity
D) higher equilibrium price and lower quantity
Answer:
B) lower price increase quantit
Explanation:
Which of the following is an example of an open college?
A. A community college
B. A four-year private college
C. A four-year private university
D. A state university
Answer:
A
Explanation: because its a community and as i see it open means anyone can go hope i got it right and hope this helps
I lost my bestfriend. Omg I can't take it.
Answer:
why tho
Explanation:
why th
Answer:
i'm so sorry this happend to me at the beginning of last year and i was sad for the whole year but im fine now cause she was toxic and wouldn't let me have any friends and i got a glow up
Explanation:
What percentage of invested capital does inventory represent?
50%
60%
70%
80%
The percentage of invested capital does inventory represent is given by the option D that is 80%.
The term stock alludes to the unrefined components utilized underway as well as the merchandise delivered that are ready to move. An organization's stock addresses perhaps of the main resource it has on the grounds that the turnover of stock addresses one of the essential wellsprings of income age and ensuing profit for the organization's investors. There are three sorts of stock, including unrefined substances, work underway, and completed products. On the balance sheet of a company, it is listed as a current asset.
A company's inventory is a very important asset. It is characterized as the variety of merchandise utilized underway or completed products held by an organization during its not unexpected course of business. Raw materials (any supplies used to produce finished goods), work-in-progress (WIP), and finished goods (those that are ready for sale) are the three general categories of inventory.
As verified above, stock is delegated an ongoing resource on an organization's monetary record, and it fills in as a support among assembling and request satisfaction. The carrying cost of an inventory item moves to the income statement's cost of goods sold (COGS) category when it is sold.
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rank order the different eras of marketing by putting the earliest at the top to the most recent at the bottom.
Answer:#1- production, #2- sales, #3-marketing concept, #4- customer relationship
Explanation:
The different eras of marketing by putting the earliest at the top to the most recent at the bottom rank are the production, sales, marketing, and customer.
What is marketing?
The practice of a business of promoting the purchase and sale of goods and services is referred to as “marketing.” Promotion, publicity, and advertising make up marketing. The marketing are the important part of the economies. The marketing are the based of the consumer behavior.
The marketing are the putting the earliest at the top to the most recent are the ranking on the top to bottom. The first is the production, sales, marketing concept, and the customer relationship. There is the marketing is the promotion of the audience. There are the earliest in the top to the bottom.
As a result, the different eras of marketing by putting the earliest at the top to the most recent at the bottom rank are the production, sales, marketing, and customer.
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steven is currently in the process of projecting how much his firm will have to spend on supplies, travel, rent, advertising, and salaries for the coming financial year. steven is working on the budget. operating (master) cash capital advertising
Option 2. Since Steven is currently in the process of projecting how much his firm will have to spend on supplies, travel, rent, advertising, and salaries for the coming financial year. Steven is working on the operating (master).
What is the projecting process?The term "project process" refers to a process as a distinct action that encompasses both the internal operations of the project as well as its entire implementation. Additionally taken into account are work instructions, procedure methodologies, network strategies, and instruments.
Processes and projects both try to accomplish something through a series of preplanned steps. Generally speaking, they both require teams and resources to carry them out. Additionally, they can coexist, like when individuals are working on processes and a project at the same time.
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Dan bought a hotel for $2,600,000 in january 2011. in may 2015, he died and left the hotel to ed. while dan owned the hotel, he deducted $289,000 of cost recovery. the fair market value in may 2015 was $2,800,000. the fair market value six months later was $2,850,000.
a. what is the basis of the property to ed?
Answer:
$2,800,000
Explanation:
Given that
Purchased a hotel for $2,600,000
The Deducted amount is $289,000
Fair market value in may 2015 is $2,800,000
Six months later, its value is $2,850,000
Based on the above information,
The computation of the basis of the property to ed is shown below:
It should be equivalent to the fair market value i.e. $2,800,000 and hence, the same is to be considered
All other values should be ignored
All of the following are considered marketing intermediaries except:
Select one:
A. Hotel Sales and Marketing
B. Tour wholesalers
C. Consortia
D. Travel agents
All of the given options are considered marketing intermediaries except: A. Hotel Sales and Marketing.
Marketing intermediaries are entities or organizations that facilitate the distribution of products or services from the producer to the end consumer. They play a role in the marketing channel by bridging the gap between the producer and the consumer.
Options B, C, and D—Tour wholesalers, Consortia, and Travel agents—are all examples of marketing intermediaries. They assist in the distribution and promotion of products or services, such as arranging tours, forming partnerships, and providing booking services.
Option A, Hotel Sales and Marketing, refers specifically to a function within the hospitality industry and is not typically classified as a marketing intermediary.
Option A is the correct answer.
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What information system would be most useful in determining what direction
to go in the next two years?
O A. Transaction processing system
B. Decision support system
C. Executive information system
D. Management information system
Answer:
C- Executive information system
Explanation:
AP3X
PLEASE HELP
Select the two statements about owners of equity in a business that are TRUE.
Question 6 options:
A Partner owns equity.
Contractors own equity.
All stakeholders own equity.
Founders own equity.
Considering the equity ownership analysis, the two statements about owners of equity in a business that is TRUE include "A Partner owns equity and Founders own equity."
What is Owners Equity?Owners Equity is a business term that is used to describe the right of the owners to the business assets after the liabilities are removed.
Given that owners' equity relates to the business's assets, then it is concluded that the founders and partners of the business own equity.
Hence, in this case, it is concluded that the correct answer is options A and D.
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is it ethical or unethical to cheat on your taxes? Explain why or why not
Answer:
it would be unethical to do that because you are breaking the law
Answer:
It would be unethical.
Explanation:
coconutoil2217 is correct, it would be unethical to cheat on your taxes.
Opponents of a project do not belong to the category of stakeholders. (True or False)
The given statement is False as they have a vested interest in the project's outcome and can be affected by its implementation.
Stakeholders are individuals, groups, or organizations that have a direct or indirect interest in a project or its outcomes. They can include various parties such as employees, customers, suppliers, shareholders, local communities, government agencies, and even opponents or critics of the project.
Opponents of a project are individuals or groups who express opposition, concerns, or disagreement with the project's goals, objectives, or potential impacts. They may have different perspectives, conflicting interests, or perceive potential negative consequences associated with the project.
While stakeholders typically encompass a broad range of individuals and groups, including those who support or are directly involved in the project, opponents are also recognized as stakeholders. Their viewpoints and concerns need to be considered and addressed to ensure effective stakeholder management and project success.
Engaging with opponents and understanding their perspectives can provide valuable insights, help identify potential risks or issues, and enable project managers to develop strategies to mitigate concerns, improve project outcomes, or address any negative impacts.
Recognizing opponents as stakeholders fosters transparency, inclusivity, and effective communication, which can contribute to better decision-making and project outcomes.
Therefore, opponents of a project do belong to the category of stakeholders, although they may have divergent interests or perspectives compared to other stakeholders.
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Talk to a 40-year-old business professional with a family that includes a spouse and children. This person can be a family member, friend, or mentor. List and describe the savings, investments and risk management strategies for this phase of life. Describe how financial planning has changed from the earlier phase of life.
If you do not answer and put a blank answer I will report
The financial planning will differ for the person according to their age. A person who is 40 years older would have money only from his savings. The 40-year-old person is retired and would only have money available for living from the saving he had made while he was working.
The risk management officer should consider the investments by considering his available savings. He should also consider the money required for living as there is no other source of income. The risk appetite for such an old-aged individual will be low. He must be risk averse in the situation of retirement. The financial planning strategies change for the person over the different phases of life. When a person is young and starts the job at age of 25 he might take excessive risks for getting extra returns. He is young and energetic and has the ability to work part-time along with his routine job to earn extra money.
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What effect will technology have on careers in the future ? Share your opinion
Answer:
As technology takes over certain tasks and frees up time for employees to focus on high-value tasks, job descriptions and roles are likely to change. In other words, technology will reshape traditional management roles and these roles will increasingly rely on human skills and values.
Explanation:
a yearly fee that’s charged by the credit card company for the convenience of the credit card is called
A yearly fee that's charged by the credit card company for the convenience of the credit card is called an annual fee.
An annual fee is a fee charged by credit card companies for the use of their credit cards. This fee is usually charged once a year and is a fixed amount. The annual fee is charged regardless of how much or how little you use your credit card. The fee is usually charged to offset the costs of offering credit card services, such as processing transactions and maintaining customer accounts. Some credit cards may waive the annual fee for the first year or for certain customers, such as those with high credit scores or who spend a certain amount each year. However, not all credit cards charge an annual fee, and it's important to compare credit card offers to find one that best fits your needs and budget.
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u.s. baby boomers are beginning to retire and withdraw their savings for retirement. what effect should we expect this to have on equilibrium price and quantity of financial assets?
The withdrawal of savings from baby boomers will likely lead to a decrease in price of financial assets, as there will be less demand for them and at the same time, the quantity of financial assets will likely decrease as well, since there will be fewer buyers in the market.
Define financial assets?Financial assets are economic resources that can be exchanged for cash. They include stocks, bonds, mutual funds, derivatives, real estate, and cash or cash equivalents. Financial assets are generally classified as either current or noncurrent, depending on their expected holding period. Current assets are considered to have a holding period of one year or less, and noncurrent assets have a holding period of more than one year. Financial assets are generally valued and traded based on their expected return and risk. Financial assets are an important part of creating a diversified portfolio, as they can provide investors with stable returns and growth potential over the long term. Additionally, financial assets can be used to hedge against market risk, as they may provide a stabilizing counterweight to more volatile investments.To learn more about financial assets refer to:
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