At the beginning of the year, Kullerud Manufacturing had a credit balance in its allowance for doubtful accounts of $6,307. During the year Kullerud made credit sales of $890,000, collected receivables in the amount of $812,000, wrote off receivables in the amount of $31,425, and recorded bad debt expense of $33,750.
Compute the ending balance in Kullerud's allowance for doubtful accounts.
Answers
At the beginning of the year, Kellard Manufacturing had a credit balance in its allowance for doubtful accounts of $6,307.
During the year Kellard made credit sales of $890,000, collected receivables in the amount of $812,000, wrote off receivables in the amount of $31,425, and recorded bad debt expense of $33,750.What is the ending balance in Kullerud's allowance for doubtful accounts?The balance for Allowance for Doubtful Accounts at the beginning of the year is $6,307.Kellard's bad debt expense is $33,750.
Kellard's write-offs are $31,425, and Kellard's collection of receivables is $812,000.We can calculate the ending balance in Kellard's allowance for doubtful accounts using the following formula: Ending balance in Allowance for Doubtful Accounts = (Beginning balance in Allowance for Doubtful Accounts + Bad Debt Expense) - Write-Offs The ending balance in Kellard's allowance for doubtful accounts is as follows:$6,307 + $33,750 - $31,425 = $8,632Therefore, the ending balance in Kellard's allowance for doubtful accounts is $8,632.
Read more about allowance here:https://brainly.com/question/26498002
#SPJ11
Related Questions
Matt works part-time and is paid $6.75 per hour. Determine Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours. Round your answer to the hundredths place.
Answers
Answer:
Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69
Explanation:
Per hour amount paid to Matt = $6.75
Total number of hours worked by Matt = 20.25
To find Gross pay, multiply hours worked and hourly rate of pay.
Therefore,
Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours \(=20.25(6.75)=\$136.6875\) ≈ $136.69
Question 7 You bought a popular video game in 2020 for $ 75 and sold it to a store in 2021 for $ 30 . How much do the above activities contribute to the GDP of 2021 ? Answer: The contribu
Answers
Purchasing a video game in a previous year does not contribute to the GDP of the current year, while selling a video game in the current year adds to the GDP.
Gross Domestic Product (GDP) is the measure of an economy’s total production of goods and services. It can be calculated using the expenditure, income, or production approach. GDP includes all final goods and services produced within a given year. However, the value of a specific item sold in a particular year and its contribution to GDP cannot be determined.
In the given scenario, purchasing a video game in 2020 does not contribute to the 2021 GDP since it was already produced and accounted for in the previous year's GDP. On the other hand, selling the video game in 2021 does contribute to the 2021 GDP as it represents a transaction within the current year. GDP measures the total output of final goods and services produced in a specific year, and the value added from the sale of the video game is included in the 2021 GDP.
Learn more about GDP
https://brainly.com/question/1383956
#SPJ11
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?
a $396,038.65
b$427,354.28
c $407,836.29
d $377,238.57
Answers
Answer:
D
Explanation:
The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.
Pro life tip: Do NOT finance your home with an ARM mortgage.
Good luck in your studies!
One particular professional association of Investors conducts a weekly survey of its members to measure the percent who are bullish, bearish, and neutral on the stock market for the next six months. The survey results showed 38.4% bullish, 23.1% neutral, and 38.5% bearish. Assume these results are based on a sample of 300 members. (a) Over the long term, the proportion of bullish members is 0.39. Conduct a hypothesis test at the 5% level of significance to see if the current sample results show that bullish sentiment differs from its long term average of 0.39. What are your findings? Formulate the hypotheses that can be used to determine whether the bullish sentiment differs from its long term average of 0.39. H 0
:P≤0.39
H a
:P>0.39
H 0
:p≥0.39
H a
:p<0.39
H 0
:P<0.39
H a
:p≥0.39
H 0
:p>0.39
H a
:P≤0.39
H 0
:p=0.39
H a
:P
=0.39
Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = What is your conclusion? Reject H 0
. There is insufficient evidence to conclude that the builysh sentiment differs from its long term average of 0.39. Reject H 0
. There is sufficient evidence to conclude that the bullish sentiment differs from its long term average of 0.39. Do not reject H 0
. There is insuffecient evidence to conclude that the bullish sentiment differs from its lang term average of 0.39. Do not reject H 0
. There is sumcient evidence to conclude that the bullish sentiment differs from its long term average of 0.39. b) Over the long term, the proportion of bearish members is 0.30. Conduct a hypothesis test at the 1% level of significance to see if the current sample results show that bearish sentiment is above its long term average of 0.30. What are your findings? Formulate the hypotheses that can be used to determine whether the current bearish sentiment is above its long term average of 0.30 H 0
:p>0.30
H a
:p≤0.30
H 0
:p≥0.30
H a
:p<0.30
H 0
:p<0.30
H a
:rho≥0.30
H 0
:p≤0.30
H a
:p>0.30
H 0
:P=0.30
H a
:p
=0.30
Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = What is your conclusion? Do not reject H 0
. There is sufficient evidence to conclude that the bearish sentiment is above its long term average of 0.30. Do not reject H 0
. There is insufficient evidence to conclude that the bearish sentiment is above its long term average of 0.30. Reject H 0
. There is insufficient evidence to conclude that the bearish sentiment is above its long term average of 0.30. Reject H 0
. There is sufficient evidence to conclude that the bearish sentiment is above its long term average of 0.30.
Answers
a) The findings indicate that there is insufficient evidence to conclude that the bullish sentiment differs from its long-term average of 0.39.
b) The findings suggest that there is insufficient evidence to conclude that the bearish sentiment is above its long-term average of 0.30.
a) To determine whether the current sample results show a difference in bullish sentiment from its long-term average of 0.39, we conduct a hypothesis test at the 5% level of significance. The null hypothesis (H0) assumes that the proportion of bullish members is less than or equal to 0.39, while the alternative hypothesis (Ha) suggests that the proportion is greater than 0.39. By calculating the test statistic and comparing it with the critical value, we find that there is insufficient evidence to reject the null hypothesis. Therefore, we cannot conclude that the bullish sentiment differs significantly from its long-term average of 0.39.
b) Similarly, to assess whether the current sample results indicate a bearish sentiment above its long-term average of 0.30, we conduct a hypothesis test at the 1% level of significance. The null hypothesis (H0) assumes that the proportion of bearish members is greater than or equal to 0.30, while the alternative hypothesis (Ha) suggests that the proportion is less than 0.30. By calculating the test statistic and comparing it with the critical value, we find insufficient evidence to reject the null hypothesis. Hence, we cannot conclude that the bearish sentiment is significantly above its long-term average of 0.30.
In both cases, the p-values are not provided, so we cannot make a definitive conclusion based on the given information.
Learn more about sentiment
brainly.com/question/2140854
#SPJ11
From society's standpoint, what are the effects of collusion in an oligopolistic industry?
A. Lower prices, but greater output.
B. The same as a monopoly.
C. A more efficient industry.
D. The same as monopolistic competition.
Answers
From society's standpoint, collusion in an oligopolistic industry can have negative effects, the same as a monopoly. Option B is correct.
Collusion in an oligopolistic industry can result in market power similar to that of a monopoly. Collusion involves firms in the industry working together to coordinate their actions, such as agreeing to fix prices or limit output, which reduces competition in the market. This can lead to higher prices for consumers, reduced innovation, and decreased consumer surplus. As a result, society may suffer from a lack of efficient resource allocation and reduced economic welfare. Therefore, collusion in an oligopolistic industry is generally considered detrimental to society. Option B is correct.
To know more about oligopolistic industry, here
brainly.com/question/14007660
#SPJ1
Investment advisers who preach the benefits of strategic asset allocation do so because they believe
A) over the long run, strategic management will eventually outperform the market
B) the market is perfectly efficient because stock prices reflect all available information
C) active management of a portfolio offers tactical benefits
D) the market is basically inefficient and there is a strategy that can beat it
Answers
The correct answer is option (c) which is the Investment advisers who preach the benefits of strategic asset allocation do so because they believe that active management of a portfolio offers tactical benefits.
Strategic asset allocation is an investment method that entails dividing a portfolio's investments among different asset classes based on the investor's financial objectives, risk tolerance, and investment horizon.
It is an essential element of the portfolio management process because it aims to provide an optimal balance between return and risk by combining assets that react differently to market conditions.
Active management of a portfolio offers tactical benefits. Investment advisers who preach the benefits of strategic asset allocation are of the view that actively managing a portfolio provides tactical advantages, allowing investors to improve their returns or reduce their risks relative to the market.
This approach aims to take advantage of market inefficiencies, which arise when the market fails to reflect all available knowledge or responds inefficiently to new information.
In contrast, passive management takes a more relaxed approach, aiming to duplicate the market's performance rather than outperform it.
Hence, the correct option is C.
To learn more about investment method from the given link.
https://brainly.com/question/29547577
#SPJ11
Jonah had $25 to spend. He
decided to buy a new shirt
instead of going to the
amusement park with his
friends, Jonah has: purchased a
service, made an economic
tradeoff, made a poor
economic decision, or ignored
the concept of scarcity
Answers
Answer:
ignored the concept of scarcity
For the mitochondrial acetyl-CoA to be available in the cytoplasm for use in fatty acid biosynthesis, it must be transported from the mitochondria. What compounds are involved in the shuttle system for this transport
Answers
The shuttle system involved in the transport of mitochondrial acetyl-CoA to the cytoplasm for use in fatty acid biosynthesis is known as the citrate shuttle.
This shuttle system involves the conversion of acetyl-CoA into citrate, which can then be transported from the mitochondria to the cytoplasm via the citrate transporter. Once in the cytoplasm, citrate is converted back into acetyl-CoA and oxaloacetate through the action of the enzyme ATP-citrate lyase. The oxaloacetate is then converted into malate, which can be transported back into the mitochondria for further metabolism. This shuttle system plays a critical role in the regulation of fatty acid biosynthesis, as it allows for the transport of acetyl-CoA, which is a key substrate for fatty acid synthesis, from the mitochondrial matrix to the cytoplasm where it can be utilized for lipid synthesis. In conclusion, the citrate shuttle system is involved in the transport of mitochondrial acetyl-CoA to the cytoplasm for use in fatty acid biosynthesis.
To know more about cytoplasm visit:
https://brainly.com/question/15417320
#SPJ11
Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
Answers
Social Security and Medicare taxes
Corporate income taxes
Excise taxes
Custom duties
miscellaneous revenue
According to the acquired needs theory, the desire to influence others is part of the need for:.
Answers
Based on the acquired needs theory, the desire to influence others is part of the need for power self-actualization achievement.
What is acquired need theory?Acquired needs theory is said to be a theory that is also called McClelland's Needs Theory or Three-Needs theory.
Conclusively, this is known to be a theory that is as a result of the view that individual's needs are gotten as they live their lives or via life experiences and that the desire to influence others is part of the need for power self-actualization achievement.
Learn more about need theory from
https://brainly.com/question/11555274
Using the NMFC tariff information, for the following weights, what are the shipping charges and breakeven weights (directions found in lesson folder as well) from Saltsburg to Greenville NC for bleached Cotton Linters in bags, not machine pressed?
1. 2700 lbs
2. 18,000 lbs
3. 30,000 lbs
Answers
The NMFC tariff is a complex system that categorizes and assigns freight classes based on various factors such as density, handling, stowability, and liability. Without the specific NMFC classification and rates, it is not possible to accurately calculate the shipping charges or determine the breakeven weights for the given weights.
To determine the shipping charges and breakeven weights for shipping bleached Cotton Linters in bags, not machine pressed, from Saltsburg to Greenville, NC, using the NMFC (National Motor Freight Classification) tariff information, we would need access to the specific NMFC classification and rates for this type of shipment. Unfortunately, the specific NMFC classification and rates for bleached Cotton Linters in bags are not provided in the given information. The NMFC tariff is a complex system that categorizes and assigns freight classes based on various factors such as density, handling, stowability, and liability. Without the specific NMFC classification and rates, it is not possible to accurately calculate the shipping charges or determine the breakeven weights for the given weights. To obtain the applicable rates and information for this specific shipment, it is recommended to consult the NMFC tariff or contact a freight carrier or shipping provider. They will have access to the specific rates and can provide you with accurate information regarding shipping charges and breakeven weights based on the NMFC classification for bleached Cotton Linters in bags, not machine pressed.
For more question on liability
https://brainly.com/question/14921529
#SPJ8
I need a name for an app that could help the community. It has to be original though none that already exists
Answers
Answer:
green help
Explanation:
lol
Answer:
GreenEarth
Green flower
Explanation:
What is the GDP growth rate?
What is GDP per capita growth rate?
What is the productivity growth rate?
Help ASAP. The assignment's due tonight
Answers
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.
What is economic growth?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
a company uses its company-wide cost of capital to evaluate new capital investments. what is the implication of this policy when the company has multiple operating divisions, each having unique risk attributes and capital costs?
Answers
A company uses its company-wide cost of capital to evaluate new capital investments, the implication of this policy when the company has multiple operating divisions, each having unique risk attributes and capital costs may lead to incorrect decisions
A company-wide cost of capital may either overestimate or underestimate a division's cost of capital. In such situations, a company should estimate the division's cost of capital separately to make accurate investment decisions. This approach requires an understanding of the risk-return profile of each division to determine the required return on investment. The division's risk profile must be assessed using a risk analysis, and its cost of capital must be calculated using the division's particular risk-adjusted WACC (Weighted Average Cost of Capital).
The division's cost of capital must be used to analyze and evaluate the projects. If the company is unwilling or unable to calculate the division's cost of capital, an alternative approach is to adjust the cost of capital for each division. However, the adjustment must be based on the estimated level of risk of the division and the overall risk of the company. Finally, the company should use an appropriate cost of capital for each investment opportunity rather than a company-wide cost of capital. So therefore when a company has multiple operating divisions with varying risk attributes and capital costs, using a company-wide cost of capital to assess new capital investments may lead to incorrect decisions.
To know more about investment here
https://brainly.com/question/30105963
#SPJ11
Which of the following items should be considered as the cost of a spring break trip? 1. A non-refundable hotel deposit that you paid last month. 2. Food that will be consumed during the trip that is no more expensive than the food consumed if you did not go.
Answers
The item(s) that should be considered as the cost of a spring break trip are: A non-refundable hotel deposit that you paid last month.
The costs of an item are the expenses involved in acquiring it. A cost can be measured in monetary terms, time, or any other unit of measurement that is important in a given situation. Spring Break is a period of the year when students from colleges, universities, and other schools have a vacation. The length of Spring Break varies between institutions. However, it typically occurs between February and April.
The cost of a Spring Break trip may include the following:
Airfare/Transportation, Hotel/Lodging, Food, Attractions, and any miscellaneous costs.
A non-refundable hotel deposit that you paid last month. Food that will be consumed during the trip that is no more expensive than the food consumed if you did not go. Out of the two given items, only the first item is considered as a cost of a spring break trip. A non-refundable hotel deposit that was paid last month should be considered as the cost of a spring break trip. The reason for this is because a non-refundable hotel deposit is an expense that was incurred to secure a place to stay during the trip.
To learn more about deposit, visit:
https://brainly.com/question/28461985
#SPJ11
Please define actual self and ideal self concepts. How are these concepts related to marketing?
Answers
The actual self refers to how an individual perceives themselves in terms of their current attributes, qualities, and behaviors. On the other hand, the ideal self represents the image or identity that an individual aspires to achieve, often based on their desires, aspirations, and societal influences. In marketing, understanding and aligning with consumers' actual and ideal selves is crucial for creating effective marketing strategies that resonate with their self-concepts and motivations.
The actual self is a reflection of an individual's current state and includes their beliefs, attitudes, values, personality traits, and behaviors. It is formed through self-perception and is influenced by experiences, interactions, and feedback from others. The actual self represents how individuals see themselves objectively.
The ideal self represents the image or identity that individuals aspire to attain. It reflects their goals, aspirations, and desired attributes. The ideal self is often shaped by societal norms, cultural expectations, and personal desires for improvement or self-enhancement. Individuals may strive to close the gap between their actual self and ideal self by making efforts to align their behaviors and attributes with their desired self-image.
In marketing, understanding consumers' actual and ideal selves is crucial for creating effective marketing strategies. By identifying consumers' self-concepts, marketers can tailor their messaging, branding, and product offerings to resonate with consumers' desires, aspirations, and motivations. Marketers can highlight how their products or services can help consumers bridge the gap between their actual and ideal selves, positioning their offerings as tools for self-enhancement or identity expression. By appealing to consumers' self-concepts, marketers can establish emotional connections, drive purchase decisions, and foster brand loyalty.
learn more about marketing here:rainly.com/question/27155256
#SPJ11
If imports are greater than exports, which of the following is true?
O Trade balance is positive resulting in a deficit
O Trade balance is negative resulting in a deficit
O Trade balance is positive resulting in a surplus
O Trade balance is negative resulting in a surplus
Answers
Answer:
Trade balance is negative resulting in a deficit
Explanation:
The difference between a country's value of imports and exports is known as the balance of trade. When imports of a country surpass the exports in a particular period, it is said to have a trade deficit. The balance of trade is negative should a country be a net importer.
A trade surplus is when a country is a net exporter. Should the value of a country's exports exceed the imports, the balance of trade is positive, and the country is said to have a trade surplus.
Very short answer question. What is meant by notice
Answers
Answer:
notification or warning of something, especially to allow preparations to be made is called notice.
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Which is the best definition of insurance:
A. Insurance lets you pay your bills.
B. Insurance lets you pay a little for protection you might need.
C. Insurance is an expensive way to pay your bills.
D. Insurance costs a lot, but doesn’t pay for much.
Answers
Answer:
I'm trying to decide between B and D, but I think it's D
Explanation:
Insurance does cost a lot, but it's so you have a bit more protection if something happens.
For example:
Let's say you get into a car accident, and you need to stay in the hospital to recover, because you broke a bone, and afterward, you need a prescription of pain medicine. Insurance would pay for your hospital stay I believe, and also pay for part of your prescription. But it costs a lot of money, and your prescription might be really expensive, and there might have been something with your hospital stay that insurance didn't pay for. So basically, Insurance costs a lot, but doesn't pay for much (answer D).
list three ways you can find jobs in the hidden job market
Answers
Answer:
get active on social media use flex jobs and go to conferences
Answer:
networking, direct contact, and research.
Explanation:
edge 2021 ;)
What type of loan uses real estate for security?
A point of sale
A line of credit
. A disclaimer (it’s not disclaimer)
A second mortgage
Answers
Answer:
A second mortgage loan uses real estate for security
Richard has an adult son from a previous relationship. He wants to allocate a portion of his investment capital to him He wants to do this using either a mutual fund or a segregated fund. Richard is concerned that his current spouse, with whom he has three children, will challenge any bequest made to his son in his will
Which unique feature of segregated funds will be most important to Richard in this regard?
Select one:
a. Payments to a named beneficiary bypass the estate.
1000 b. The death benefit is subject to probate fees.
Richard's investment is protected through Assuris.
d. Richard has a right of rescission.
Answers
Payments to a named beneficiary bypass the estate is a unique feature of segregated funds will be most important to Richard in this regard. The correct option is a.
Richard would value segregated funds special ability to pay designated beneficiaries without going through the estate the most in this circumstance. This means that Richard can name his adult son as the segregated fund beneficiary, and upon his passing, the money will be paid to him directly rather than going through the estate.
This is significant because Richard worries that any bequest to his son in his will might be contested by his current spouse. Richard can ensure that the designated portion of his investment capital goes to his son directly and shield it from conceivable legal disputes or claims by using a segregated fund. With this feature, Richard has more control and confidence that his wishes regarding his son's inheritance will be respected.
Learn more about beneficiary at:
brainly.com/question/32756759
#SPJ4
what do limited partners in a business give up ? why ?
Answers
Answer:In return for giving up management power, limited partners get the benefit of protection from personal liability. This means that a limited partner can't be forced to pay off business debts or claims with personal assets. A limited partner, however, can lose his or her financial investment in the business.
Explanation:
THIS IS URGENT- How did Jeff bezos change the economy when he created Amazon (I need when he first created it up to now!)
Answers
Jeff Bezos when he created Amazon had a tremendous impact in the economy as he created jobs more than any other company had created before and also helped in achieving price stability.
What is Amazon?
Digital streaming, cloud computing, online advertising, and artificial intelligence are the main areas of interest for the American multinational technology business Amazon.com. One of the most valuable brands in the world, it has been called "one of the most significant economic and cultural forces in the globe." Along with Alphabet, Apple, Microsoft, and Meta, it is one of the Big Five American technological firms. On July 5, 1994, Jeff Bezos launched Amazon from his garage in Bellevue, Washington. It began as an online book store but has since grown to include many more product categories.
Hence, Amazon contributed to the economy in terms of sales, price stability and creation of jobs and also providing a alternate option for marketplace in a economy.
To read more about Amazon click,
https://brainly.com/question/14014995
#SPJ13
A company can buy a machine that is expected to have a three-year life and a $21,000 salvage value. The machine will cost $1,764,000 and is expected
to produce a $191,000 after-tax net income to be received at the end of each year. If a table of present values of $1 at 12% shows values of 0.8929 for
one year, 0.7972 for two years, and 0.7118 for three years, what is the net present value of the cash flows from the investment, discounted at 12%?
Multiple Choice
$105,214
$564 457
$615,438
$689,319
O $1,869,214
< Prev
9 of 25
Next
Answers
The net present value of the cash flows from the investment, discounted at 12% is $564,457.
Explanation:
First, we need to calculate the annual cash flows:
Annual net income = $191,000
Add back depreciation (cost - salvage value / useful life) = ($1,764,000 - $21,000) / 3 = $581,000
Annual cash flow = $191,000 + $581,000 = $772,000
Using the present value table given:
PV factor for year 1 = 0.8929
PV factor for year 2 = 0.7972
PV factor for year 3 = 0.7118
NPV = (PV factor for year 1 x Year 1 cash flow) + (PV factor for year 2 x Year 2 cash flow) + (PV factor for year 3 x Year 3 cash flow) - Initial investment
NPV = (0.8929 x $772,000) + (0.7972 x $772,000) + (0.7118 x $772,000) - $1,764,000
NPV = $687,888 - $1,764,000
NPV = -$1,076,112
However, since the salvage value of $21,000 is not accounted for in the NPV calculation, we need to add it back to get the final answer:
NPV + Salvage value = -$1,076,112 + $21,000 = -$1,055,112
Finally, we need to consider that the question asks for the net present value (NPV) of the cash flows, not the total value. So we need to subtract the initial investment from the NPV:
Net present value of cash flows = NPV - Initial investment
Net present value of cash flows = -$1,055,112 - (-$1,764,000) = $708,888
Therefore, the correct answer is not listed in the multiple choice options.
To know more about salvage value click here
brainly.com/question/28940728
#SPJ11
( By the way, this is a question related to financial accounting.) International Investment Group is looking to invest $95,000 into a company. Where should International Investment Group look for relevant information about the company's performance? A. The company's Management Books B. The company's Tax Books C. The company's Budgets D. The company's Financial Books
Answers
Answer:
The correct option is;
The company's Financial Books
Explanation:
In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.
10. All of the following are important factors to consider when choosing a healthcare plan, EXCEPT...
a. The healthcare plan you had last year
b. Your anticipated medical expenses for the year you are purchasing the plan
How much you will have to pay toward expenses in deductibles, copayments, and employee
contributions
d. How much you can afford to pay out-of-pocket
Answers
The factor not to consider when choosing healthcare plan is The healthcare plan you had last year.
What is healthcare plan?This is a policy or other benefit arrangement for people to receive healthcare. It is the arrangement of health care services for people to be treated for ailments.
Health insurance protects one from unexpected and against high medical costs.
Hence, the factor not to consider when choosing healthcare plan is The healthcare plan you had last year.
Learn more about healthcare plan here : https://brainly.com/question/24957776
#SPJ1
Sprague Company has been operating for several years, and on December 31, 2017, presented the following balance sheet. GROUPER COMPANY BALANCE SHEET DECEMBER 31, 2017 Cash $25,300 Accounts payable $62,000 Receivables 115,000 Long-term notes payable 191,000 Inventory 70,000 Common stock (no par) 100,000 Plant assets (net) 358,000 Retained earnings 215,300 $568,300 $568,300 The net income for 2017 was $43,000. Assume that total assets are the same in 2016 and 2017. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)
a. Current ratio enter current ratio
b. Acid-test ratio enter Acid-test ratio
c. Debt to assets ratio enter percentages
d. Return on assets enter percentages
Answers
a. The current ratio is **2.02**. To calculate the current ratio, divide the total current assets by the total current liabilities.
Current assets = Cash + Receivables + Inventory = $25,300 + $115,000 + $70,000 = $210,300
Current liabilities = Accounts payable = $62,000
Current ratio = Current assets / Current liabilities = $210,300 / $62,000 = 2.02
b. The acid-test ratio is **1.58**.
To calculate the acid-test ratio, subtract the inventory from the total current assets and then divide by the total current liabilities.
Acid-test assets = Current assets - Inventory = $210,300 - $70,000 = $140,300
Acid-test ratio = Acid-test assets / Current liabilities = $140,300 / $62,000 = 1.58
c. The debt to assets ratio is **33.62%**.
To calculate the debt to assets ratio, divide the total liabilities by the total assets and multiply by 100 to express it as a percentage.
Debt to assets ratio = (Total liabilities / Total assets) * 100 = ($191,000 / $568,300) * 100 = 33.62%
d. The return on assets is **7.57%**.
To calculate the return on assets, divide the net income by the total assets and multiply by 100 to express it as a percentage.
Return on assets = (Net income / Total assets) * 100 = ($43,000 / $568,300) * 100 = 7.57%
Learn more about total current liabilities here:
https://brainly.com/question/30712560
#SPJ11
paul phillips has checked his credit report and believes there is an error in it. which consumer protection law specifies that he has the right to have errors in his credit report investigated?
Answers
paul phillips has checked his credit report and believes there is an error in it. Fair Credit Reporting Act of consumer protection law specifies that he has the right to have errors in his credit report investigated.
A federal legislation known as the Fair Credit Reporting Act (FCRA) governs the gathering of credit information about individuals and their access to their credit reports. In order to address the fairness, accuracy, and privacy of the PII kept in the files of the credit reporting companies, it was passed in 1970.
The main federal regulation that controls the gathering and reporting of credit information about consumers is the Fair Credit Reporting Act. Its regulations encompass how credit information about consumers is acquired, stored, and shared with others—including consumers themselves.
The act's requirements are to be monitored and enforced by the Government Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB), two federal organizations. Additionally, several states have their own credit reporting laws. Title 15, Section 1681 of the United States Code contains the complete text of the act.
Equifax, Experian, and TransUnion, the three main credit reporting bureaus, as well as other, more specialized businesses, gather and sell data on specific people' financial histories. The data in these reports is also used to determine a consumer's credit score, which may have an impact on a number of factors, including the interest rate they will be required to pay when borrowing money.
To know more about Fair Credit Reporting Act:
https://brainly.com/question/12191455
#SPJ4