Marginal revenue is equal to price for a perfectly competitive firm because?
Answers
The explanation for why marginal revenue is equal to price for a perfectly competitive firm lies in the nature of the market structure. In a perfectly competitive market, there are numerous buyers and sellers, and no individual firm has the ability to influence the market price.
When a perfectly competitive firm increases its production and sells additional units, it is able to sell them at the prevailing market price. Therefore, the marginal revenue generated from selling each additional unit is equal to the market price. This is because the firm is a price taker, meaning it has no control over the price and must accept it as given.
For example, let's say the market price for a product is $10. If a perfectly competitive firm sells one more unit, it will receive an additional $10 in revenue, which is equal to the market price. Similarly, if the firm sells two more units, it will receive $20 in additional revenue, again equal to the market price.
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Related Questions
under the par value method of accounting for treasury stock, the treasury stock is reported on the balance sheet as a deduction from a.contributed capital. b.the sum of contributed capital, unrealized capital, and retained earnings. c.retained earnings. d.capital stock.
Answers
Under the par value method of accounting for treasury stock, the treasury stock is reported on the balance sheet as a deduction from the capital stock. The correct option is d.
The par value method of accounting for treasury stock
The par value method is one of the techniques that can be used to account for the acquisition of the treasury stock. In this approach, the treasury stock is reported on the balance sheet as a reduction in the amount of the capital stock rather than as a reduction in the retained earnings of the firm.
The treasury stock is the number of shares of the company’s stock that has been repurchased by the company from its shareholders. When the treasury stock is repurchased by the company, the number of shares of outstanding stock is reduced, and the amount of cash that was used to buy back the shares of stock is also reduced.
The balance sheet is a financial statement that provides information about a company's assets, liabilities, and shareholders' equity at a specific point in time. The balance sheet provides a snapshot of a company's financial position at a particular point in time.The capital stock is a term that refers to the total number of shares of stock that have been issued by the company. The par value of the stock is the nominal value of the shares of stock, which is often set at a low price. The difference between the par value and the market value of the shares of stock is known as the capital surplus.
The treasury stock is reported on the balance sheet as a deduction from the capital stock of the company. The par value method of accounting for treasury stock assumes that the company acquires the stock at the par value. The acquisition of the stock does not have any impact on the retained earnings of the company.
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Mary Walker, president of Rusco Company, considers $14,000 to be the minimum cash balance for operating purposes. As can be seen from the following statements, only $8,000 in cash was available at the end of this year. Since the company reported a large net income for the year, and also issued both bonds and common stock, the sharp decline in cash is puzzling to Ms. Walker.
Rusco Company
Comparative Balance Sheet
at July 31
This Year Last Year
Assets
Current assets:
Cash $ 8,000 $ 21,000
Accounts receivable 120,000 80,000
Inventory 140,000 90,000
Prepaid expenses 5,000 9,000
Total current assets 273,000 200,000
Long-term investments 50,000 70,000
Plant and equipment 430,000 300,000
Less accumulated depreciation 60,000 50,000
Net plant and equipment 370,000 250,000
Total assets $ 693,000 $ 520,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 123,000 $ 60,000
Accrued liabilities 8,000 17,000
Income taxes payable 20,000 12,000
Total current liabilities 151,000 89,000
Bonds payable 70,000 0
Total liabilities 221,000 89,000
Stockholders’ equity:
Common stock 366,000 346,000
Retained earnings 106,000 85,000
Total stockholders' equity 472,000 431,000
Total liabilities and stockholders' equity $ 693,000 $ 520,000
Rusco Company
Income Statement
For This Year Ended July 31
Sales $ 500,000
Cost of goods sold 300,000
Gross margin 200,000
Selling and administrative expenses 158,000
Net operating income 42,000
Nonoperating items:
Gain on sale of investments $ 10,000
Loss on sale of equipment (2,000 ) 8,000
Income before taxes 50,000
Income taxes 20,000
Net income $ 30,000
The following additional information is available for this year.
The company declared and paid a cash dividend.
Equipment was sold during the year for $8,000. The equipment originally cost $20,000 and had accumulated depreciation of $10,000.
Long-term investments that cost $20,000 were sold during the year for $30,000.
The company did not retire any bonds payable or repurchase any of its common stock.
Required:
2. Prepare a statement of cash flows for this year, including working.
3. Compute free cash flow for this year.
Answers
The statement of cash flows for Rusco Company shows a decrease in cash from $21,000 to $8,000 during the year, despite reporting a net income of $30,000. The company's operations generated positive cash flow, but it was offset by cash used in investing activities, such as the sale of equipment and long-term investments.
The statement of cash flows summarizes the cash inflows and outflows from operating, investing, and financing activities. In this case, the company experienced a decrease in cash from $21,000 to $8,000 during the year. To prepare the statement of cash flows, the following adjustments are made to the net income of $30,000: Non-cash items such as gain on sale of investments and loss on sale of equipment are added back to the net income to adjust for their impact on cash flows.
Changes in current assets and liabilities are analyzed to determine the cash flows from operating activities. The increase in accounts receivable and inventory is subtracted, while the decrease in prepaid expenses is added. Changes in accounts payable, accrued liabilities, and income taxes payable are also considered. Cash flows from investing activities include the sale of equipment and long-term investments. The proceeds from the sales are added to cash flows.
Cash flows from financing activities involve activities related to the company's capital structure. Since no bonds were retired or common stock repurchased, there are no cash flows in this category. The resulting statement of cash flows shows the net cash provided or used by each activity and the overall change in cash balance.
Free cash flow is computed by subtracting capital expenditures from the cash from operations. It represents the cash flow available to the company after necessary investments in capital assets. In this case, the free cash flow can be calculated by deducting the cash used for the purchase of equipment from the cash generated from operations. Overall, the statement of cash flows and the calculation of free cash flow provide insights into the cash flow dynamics of Rusco Company during the year and help explain the decline in cash despite a positive net income.
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Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Answers
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
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The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
Import tariffs protect domestic producers against foreign competitors. True False
Answers
Tariffs are supposed to guard home industries via elevating prices on their competitors' products. However, tariffs can also harm home companies in related industries whilst elevating prices for consumers. Tariffs can additionally erode competitiveness in the protected industries.
How do import tariffs guard home producers in opposition to overseas competitors?Import tariffs defend domestic producers in opposition to foreign competitors. By lowering production costs, subsidies help foreign competitors achieve export markets. In recent decades, a fall in subsidies, quotas, and voluntary export restraints has been accompanied with the aid of a upward push in tariff barriers.
protectionism, policy of defending domestic industries against overseas competition through potential of tariffs, subsidies, import quotas, or different restrictions or handicaps positioned on the imports of foreign competitors.
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https://brainly.com/question/30512505#SPJ4five tips on how to properly manage the money saved
Answers
Set up the right bank accounts.
Take stock of your current financial situation.
Make a plan for your money.
Set the right financial goals when deciding how to manage your money.
Check in with your finances every day.
Bill is creating and selling homemade cookies. Which of the following factors does NOT
directly affect how much Bill will sell his cookies for?
Answers
Answer:
What factors are there?
Lenovo's assumption that consumers want a higher-quality camera on their phone most likely came to light during the _______________ stage of the new product development process.
Answers
Lenovo's assumption that consumers want a higher-quality camera on their phone most likely came to light during the idea generation stage of the new product development process.
New product development can be defined as the use of a business firm's product development efforts and ideas to achieve the following:
I. The development original products.
II. Improvement of its product.
III. Modifications of a product.
IV. The creation of new brands.
Basically, the new product development process comprises four (4) main stages and these include:
Idea generation and screening.Content development and testing.Product development.Test marketing.Idea generation simply involves the systematic search by a business firm for new product ideas.
In this context, Lenovo's assumption most likely came to light during the idea generation stage of the new product development process.
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8) If scrap is returned to the company's storeroom and inventoried, it should NOT have any value in the accounting records.
a.true
b.false
Answers
b. false
Scrap returned to the company's storeroom and inventoried may still have some value in the accounting records. The value of scrap can be recorded as a potential source of revenue or as a reduction in expenses, depending on the accounting treatment chosen by the company.
The company is a dynamic organization operating in a competitive market. With a workforce of dedicated employees, it strives to deliver high-quality products and services to its customers. Innovation and adaptability are key pillars of its success, as it constantly seeks ways to improve and stay ahead of the competition. The company maintains a strong focus on customer satisfaction, aiming to build long-lasting relationships and meet their evolving needs. Through effective management and strategic decision-making, it aims to achieve sustainable growth and maximize shareholder value. With a solid reputation and a commitment to ethical practices, the company aims to be a responsible corporate citizen.
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What does the media use to influence consumer behavior?
risk aversion
marginal analysis
rational choice
product placement
Answers
Answer: If ur asking what I think ur asking then I think the last one, product placement, is used to influence consumer behavior because if the product is placed right and looks pleasing to the consumer then they will buy it. Hope this helped : )
Product placement is a strategy commonly employed by the media to influence consumer behavior. Hence, Option (D) is correct.
Product placement involves the intentional integration of branded products or services within media content, such as movies, TV shows, or online videos.
By featuring specific products in these forms of media, advertisers aim to create brand awareness, generate positive associations, and influence consumer preferences and purchasing decisions.
The media strategically places products within the content to ensure they are seen by the audience, often in a subtle or seamless manner.
This technique leverages the power of storytelling and the influence of popular media to promote and endorse specific brands or products, ultimately impacting consumer behavior.
Through product placement, the media can effectively shape consumer perceptions, generate desire for certain products, and drive consumer choices.
Thus, Option (D) product placement is a widely used tool in advertising and marketing campaigns to influence consumer behavior and increase brand recognition and sales.
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What does the media use to influence consumer behavior?
A) risk aversion
B)marginal analysis
C)rational choice
D)product placement
Which development most contributed to greater economic connections
between countries since the mid-20th century?
A. The decline in trade between countries
B. The international commitment to improving the environment
C. The elimination of worldwide inflation
D. The advancement of technology
Answers
Answer: D
Explanation
---
The correct option is, (D) The advancement of technology.
What are the factors that have contributed to the global economy?Factors affecting global economy:
Natural resources.Infrastructure.Population.Labour.Human capital.Technology.Law.How does globalization affect the economy?In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods.How the economic development of a country depends on its environment?Availability of natural resources and its proper utilization are considered as an important determinant of economic development. However, an economy having deficiency in natural resources is forced to depend on foreign country for the supply of Minerals and other raw materials order to run its industry.What is the most important factor in economic growth?Refers to one of the most important determinant of economic growth of a country. The quality and quantity of available human resource can directly affect the growth of an economy. The quality of human resource is dependent on its skills, creative abilities, training, and education.
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A box is 16 inches tall, 10 inches wide and 10 inches long how many small boxes can fit inside
Answers
We need to find out the volume of the larger box and the volume of the smaller box. The volume of the larger box is calculated by multiplying the height, width, and length together. Therefore, the volume of the larger box is: 16 inches x 10 inches x 10 inches = 1600 cubic inches
Now we need to find the volume of the smaller box. Unfortunately, we don't know the dimensions of the smaller box, so we cannot calculate its volume. Therefore, we will need to make some assumptions. Assuming that the smaller boxes are perfect cubes and that they fit snugly inside the larger box without any gaps, we can calculate the volume of each small box by dividing the volume of the larger box by the number of small boxes that can fit inside. We can then take the cube root of this value to find the length of each side of the small box.
For example, if we assume that four small boxes can fit inside the larger box, we would divide the volume of the larger box by four: 1600 cubic inches ÷ 4 = 400 cubic inches
Then, we would take the cube root of 400 cubic inches to find the length of each side of the small box:
∛400 cubic inches ≈ 7.94 inches
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FOOD;
1.how to reduced food?
2.how to reused food?
3.how to recycled food?
WATER;
1.how to reduced water?
2.how to reused water?
3.how to recycled water?
please
Answers
Shaun oversees the marketing and sales activities for a company that sells products through its website. his job title is best described as . nadine analyzes ways to improve the number of viewers and time they spend on a website by promoting the site and updating its text and graphics to improve its search rankings. her job title is best described as .
Answers
The answer for the first one is Online Merchant
And the answer for the second one is Search Marketing Strategist
You're Welcome
PS: I'm not sure if it's too late, but hopefully I helped you.
Answer:
The other person is correct.
Explanation:
1. Give the three (3)
business resources
Answers
Answer:
Financial Resources
Human Resources
Educational Resources
Explanation:
If an entrepreneur presents a business plan that an investor believes is deliberately vague and has provided inflated financial statements, what should that investor do?
Answers
Should the above scenario arise, the investor should:
State their concerns. Ask for more specific information. What should the investor do?The investor stands to make some losses if they go into this venture as there is a good chance that things will not work out. They should therefore state these concerns to the entrepreneur.
They should then ask for specific information such as market analysis and income projection methods and assumptions.
In conclusion, the investor should try to find out how the entrepreneur arrived at those figures.
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The owner of which of the following products is MOST exposed to inflationary risk?
A. utility stocks
B. Treasury bills
C. treasury bonds
D. blue chip industrials
Answers
The owner of Treasury bills is MOST exposed to inflationary risk. Option B.
Treasury bills are short-term government securities with a maturity of less than one year. They are considered to be low-risk investments because they are backed by the government.
However, their fixed interest rate is typically lower than the inflation rate. As a result, when inflation rises, the purchasing power of the interest earned on Treasury bills decreases.
Inflation erodes the value of money over time. If inflation exceeds the interest rate earned on Treasury bills, the investor will experience a negative real return, meaning the return on investment will not keep up with inflation. This is particularly true for long-term inflationary pressures, as the impact of compounding effects can be significant.
On the other hand, utility stocks (A) are less exposed to inflationary risk. Utility companies, such as those providing electricity, gas, and water, often have stable and predictable earnings. Inflation can lead to higher costs for utilities, but they typically have the ability to pass these costs onto consumers by raising prices.
Thus, their revenue and earnings may adjust with inflation, reducing the impact on shareholders.
Treasury bonds (C) are long-term government securities that are also exposed to inflationary risk but to a lesser extent compared to Treasury bills. Treasury bonds have longer maturities, which means their interest payments are spread over a longer period. This can provide some protection against short-term inflationary pressures.
Additionally, some Treasury bonds are indexed to inflation, such as Treasury Inflation-Protected Securities (TIPS), which adjust their principal value and interest payments based on changes in the Consumer Price Index (CPI).
Blue chip industrials (D) refer to large, well-established companies with a history of stable earnings. While they may be impacted by inflation through increased production costs, they often have the ability to pass on these costs to consumers.
Additionally, blue chip industrials may have the flexibility to adjust their operations, diversify their product offerings, or expand into new markets to mitigate the effects of inflation.
In conclusion, the owner of Treasury bills is MOST exposed to inflationary risk due to their fixed interest rate potentially failing to keep up with rising inflation, leading to a decline in real purchasing power. So Option B is correct.
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What Are Some Reasons To Have A Credit Card?
list ten different ways you will use your credit.
Answers
Answer:
1 Boost your credit history and score
2 Internet purchases
3 Emergency money
4 Rewards
5 History of purchases
6 No fear of loss or theft
7 Interest free money
8 Merchant protection
9 Insurance on purchases
10 Convenient when traveling
state governments use to compete with other states and countries to locate businesses in their areas.
Answers
Answer:marketing
Explanation:
The state governments used to compete with other states and countries to locate businesses in their areas, of marketing.
What is businesses?
The term “businesses” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
According to state governments, are the utilized to the states and nations are the based on the situated are the state and the businesses in the is area are the based on the marketing. Marketing is the practice of a business of promoting the acquisition and selling of goods and services. Marketing consists of promotion, publicity, and advertising.
As a result, the state governments used to compete with other states and countries to locate businesses in their areas, of marketing.
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Transactions that affect earnings do not necessarily affect cash.Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (If an amount has a decreasing effect use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). Do not use a dollar sign $ for negative answers.) Cash Net Income(a) Purchased $104 of supplies for cash. -$104 $0(b) Recorded an adjusting entry to record use of $40 of the above supplies. (c) Made sales of $1,432, all on account. (d) Received $995 from customers in payment of their accounts. (e) Purchased capital asset for cash, $2,635. (f) Recorded depreciation of building for period used, $710.
Answers
Answer:
Effects of Transactions on Cash and Net Income:
Cash Net Income
(a) Purchased $104 of supplies for cash. -$104 $0
(b) Recorded an adjusting entry to record use
of $40 of the above supplies. $0 -$40
(c) Made sales of $1,432, all on account. $0 $1,432
(d) Received $995 from customers in payment
of their accounts. $995 $0
(e) Purchased capital asset for cash, $2,635. -$2,635 $0
(f) Recorded depreciation of building for period
used, $710. $0 -$710
Explanation:
a) Data and Analysis:
a. Supplies $104 Cash $104
b. Supplies Expense $40 Supplies $40
c. Accounts receivable $1,432 Sales revenue $1,432
d. Cash $995 Accounts receivable $995
e. Capital asset $2,635 Cash $2,635
f. Depreciation Expense $710 Accumulated Depreciation $710
b) Only transactions that affect Cash have cash effects. Transactions that affect net income are either revenue or expenses. All other transactions that do not affect cash or net income are analyzed according to their basic effect on the accounting equation of assets = liabilities + equity.
A firm using paid, non-personal communication by identified sponsors through various media has chosen to use _ to promote its products.
Answers
Answer: Advertising
Explanation:
Organization do have different ways they promote their products. A firm that is using paid, non-personal communication by identified sponsors through various media has chosen to use advertising to promote its products.
Advertising ia commonly described as any paid, nonpersonal communication via the used of different media by organizations and individuals who are in some way known in the message.
A good and successfully operated campaign needs all activities to be well-coordinated so as to build on one another to increase the overall impact.Advertising uses a lot of related, well-timed, carefully placed television ads along with print advertising in some magazines and newspaper.
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Which company provides business credit rating services for businesses looking o finance loan through bank????? I put the picture with the answer choices.
Please help due in 30 minutes!!!!
Answers
Answer:
B . Moody's
Explanation:
There are three major companies that provide credit rating services in the US. They are
Standard and Poor (S&P) Moody’s Investor ServicesThe Fitch GroupEach agency uses unique letter-based scores to indicate if a debt has a low or high default risk and the financial stability of its issuer.
What are the job roles on offer in the picture?
Will be grateful for any replies, thanks!
Answers
Answer:developer and a program assistant
Explanation:
When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answers
Answer:
this is true hope this helps
Explanation:
Noodles & Co. wants to develop a new dish to offer customers on their 7th anniversary in three months. Not only should the new dish be of high quality and great taste, but also, they need to make sure that with their current layout and equipment they are able to prepare it fast and efficient. Moreover, they want to make sure that the dish is completely unique and will not be offered by any of their competitors. What variation of NPD process and what organizational structure would you, as the person in charge to develop this new dish, recommend employing to effectively handle this project? Justify your choices.
Answers
To effectively handle the project of developing a new dish for Noodles & Co., I would recommend employing the Agile NPD process and a cross-functional team organizational structure.
Agile NPD Process: The Agile NPD process is iterative, flexible, and emphasizes collaboration and quick feedback. It allows for rapid prototyping, testing, and adjustments, which aligns with the time constraint of three months for the anniversary launch. The Agile approach encourages continuous improvement and adaptation throughout the development process.
Cross-Functional Team Organizational Structure:
Creating a cross-functional team comprising members from different departments like culinary, operations, marketing, and quality assurance will ensure a holistic approach to the project. Each member brings their expertise, ideas, and perspectives, enabling efficient decision-making, problem-solving, and resource allocation. This structure promotes collaboration, creativity, and accountability, helping to deliver a unique dish that aligns with the company's goals and capabilities.
By employing the Agile NPD process, Noodles & Co. can quickly develop and refine the new dish, incorporating customer feedback and ensuring high quality and taste. The cross-functional team structure will facilitate effective communication, coordination, and utilization of available resources, enhancing the speed and efficiency of the development process.
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Activity
You are a sales person in a vitamin store. What steps can you take to move up the company?
Answers
As a sales person I Look for a high-quality vitamin line that the pharmacist is willing to endorse. Brand loyalty is higher for premium vitamins than for inferior products.
How do you climb the corporate ladder?The first step towards climbing the corporate ladder might not be requesting for the new position just yet. Many AdRoll Group employees credit one small detail—mastering their core role—for their success in progressing forward in the organization.
Is it wise to advance in a company?You may remain enthusiastic and involved in your work if you have the chance to advance in your organization. Greater income, new initiatives, and increased power at work may accompany promotions. Getting promoted at work also looks.
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a major industrialized state has a state corporate tax rate of 9.6% of taxable income. if a corporation has a state taxable income of $275,000, what is the total state and federal income tax it must pay? also, compute its combined incremental state and federal income tax rate.
Answers
The answer to the question indicates that the total taxable income is $2,60,600 and that the total marginal rate of federal, state, and local income taxes is 44.86%.
What does "income tax" mean?Both people and businesses must pay the entire (or family units). Individual tax rates are computed based on the money received. Typically, it is categorized as a tax since the burden is thought to fall on the people who pay it.
Briefing :The local tax can be calculated as follows:
State Tax = $275,000 * 0.096
State Tax = $26,400
You can estimate your federal taxable income as follows:
The federal taxable income = $275,000 - $14,400
The federal taxable income = $2,60,600
The tax rate for salaries between 100,000 and 335,000 is now 39%, or 22,250 + 39% above 100,000, as shown in the table also with federal tax rates. Thus,
Federal Tax = $22,250 + 0.39 ($2,60,600 - $100,000)
Federal Tax = $84,884
Therefore,
Total Tax = Federal Tax Plus All State Taxes
Total Tax = $14,400 + $84,884
Total Tax = $99,284
Hence,
The combined incremental state and federal income tax rate = 0.096 + 0.39 (1 - 0.096)
The additional federal and state income tax rate is equal to 0.4486 percent, or 44.86%.
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The most common Income lies the model in 2010 was a. between $10,000 and $14.999. b. approximately $50,000 c. between $15.000 and 519.999. d. between $35.000 and $39.999
Answers
The most common Income bracket in 2010, among the given s, is b. approximately $50,000.
It's important to note that the specific income distribution can vary based on various factors such as country, region, and demographic characteristics of the population.
Without additional information, it is challenging to determine the exact income bracket that was the most common in 2010. However, based on the s provided, approximately $50,000 appears to be the closest to a common income range for many individuals. Please note that this is a general statement, and actual income distributions can vary significantly depending on the specific data and population being analyzed.
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What type of incentives appeal to someone’s concern about a cause?.
Answers
Incentives that tap into an individual's desire for recognition, personal growth, and meaningful impact tend to be the most effective in encouraging support and engagement for a cause.
These incentives can include:
1. Recognition: Acknowledging an individual's contributions and efforts publicly or within a community can serve as an incentive for them to continue supporting the cause.
2. Exclusive opportunities: Offering access to special events, webinars, or networking opportunities related to the cause can be an attractive incentive.
3. Personal impact: Emphasizing the tangible and direct benefits that one's support can have on the cause can serve as a powerful incentive.
4. Matching donations: Encouraging financial contributions by matching donations up to a certain amount can incentivize individuals to donate more towards the cause.
5. Educational resources: Providing access to exclusive educational content, such as articles, videos, or workshops, can be an incentive for those who are passionate about the cause and eager to learn more.
By offering these types of incentives, organizations can effectively appeal to someone's concern about a cause and motivate them to become more involved, whether it's through volunteering, donating, or advocating for the cause. Incentives that tap into an individual's desire for recognition, personal growth, and meaningful impact tend to be the most effective in encouraging support and engagement for a cause.
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The transfer of money by migrants to family or community members in their own country of origin is
A.) a form of global aid.
B.) reimbursement for travel.
C.) required to return home.
D.) a visa tax.
E.) a remittance
Answers
The transfer of money by migrants to family or community members in their own country of origin is a remittance. Approximately 1 billion people, or one in seven people worldwide, are currently involved with remittances, either by sending them. The answer is OPTION E.
One in nine people on the planet, or about 800 million people, receive these financial transfers from family members who have moved abroad in search of employment. You can send money via wire transfer through a number of financial remittance, including banks and authorised money changers like Western Union, Book My Forex, etc. Even though this method of sending money abroad is one of the more expensive ones, it typically takes longer than online money transfers.
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Dortmund Stockyard reports $906,000 in credit sales for 2018 and $804,670 in 2019. It has a $679,000 accounts receivable balance at the end of 2018, and $683,000 at the end of 2019. Dortmund uses the balance sheet method to record bad debt estimation at 8% during 2018. To manage earnings more favorably, Dortmund changes bad debt estimation to the income statement method at 6% during 2019. A. Determine the bad debt estimation for 2018. B. Determine the bad debt estimation for 2019. Round your answer to two decimal places. C. How does the new total oncollectible amount affect net income and net accounts receivable? a. Bad debt expense is lower, net income is higher, and not receivables are higher b. Bad debt expense is tower, net income is bigher and not receivables are lower Bad debt expense is higher, net income is lower and not receivables are higher d Bad debt expense is higher, net income is lower and net receivables are lower
Answers
B. The bad debt estimation for 2019 is $48,280.
C. The new total uncollectible amount would lower bad debt expense, increase net income, and lower net accounts receivable. Therefore, the correct answer is (a) Bad debt expense is lower, net income is higher, and net receivables are higher.
Based on the information given by Dortmund Stockyard credit sales of $804,670 in the year 2019 and $906,000 in 2018, A. Bad debts will be $54,320 in 2018, B. $48,280.20 in 2019 and C. Bad debt expense is lower, net income is higher, and net receivables are lower (option B).
Explanation:
A. To determine the bad debt estimation for 2018 using the balance sheet method at 8%, follow these steps:
1. Find the accounts receivable balance at the end of 2018: $679,000
2. Multiply the balance by the bad debt estimation percentage: $679,000 * 0.08 = $54,320
The bad debt estimation for 2018 is $54,320.
B. To determine the bad debt estimation for 2019 using the income statement method at 6%, follow these steps:
1. Find the credit sales for 2019: $804,670
2. Multiply the credit sales by the bad debt estimation percentage: $804,670 * 0.06 = $48,280.20
The bad debt estimation for 2019 is $48,280.20 (rounded to two decimal places).
C. To analyze how the new total uncollectible amount affects net income and net accounts receivable, compare the bad debt expenses for 2018 and 2019:
In 2019, the bad debt expense is lower ($48,280.20) compared to 2018 ($54,320). As a result, net income is higher because the expense has decreased, and net accounts receivable are lower since less amount is considered uncollectible.
So, the correct option is:
b. Bad debt expense is lower, net income is higher, and net receivables are lower.
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