The entry to record estimated bad debts will include an debit to bad debts expense in the amount of $7,500.
Given,
Accounts receivable balance - $45,000
Doubtful accounts balance - $400
Sales of - $1,500,000
Bad debts will be - 0.5% of sales
So, the estimated bad debt expense is-
= Sales revenue × the estimated percentage
= $1,500,000 × 0.5%
= $7,500
The journal entry is as follows-
Bad debt expense A/c Dr - $7,500
To Allowance for doubtful debts - $7,500
(Being bad debt expense is recorded)
Hence, the entry to record estimated bad debts will include an debit to bad debts expense in the amount of $7,500.
To learn more about Bad debts here:
https://brainly.com/question/9314288
#SPJ1
randy, a broker, regularly places his client’s trust funds in the firm’s general business account, noting "trust fund" on the ledger. what is the problem with this approach?
Randy, a broker, frequently locations his consumer’s believe finances inside the company’s preferred commercial enterprise account, noting "believe fund" on the ledger.the problem with this method: E&O coverage.
A ledger is a e book or virtual document containing bookkeeping entries. Ledgers may also incorporate distinctive transaction statistics for one account, one sort of transaction, or—inside the case of a standard ledger—summarized data for all of a company's monetary transactions over a duration.
A ledger is a ebook or series of accounts wherein account transactions are recorded. every account has an opening or carry-forward balance, and could document each transaction as either a debit or credit in separate columns, and the finishing or final stability.
Learn more about ledger here:
https://brainly.com/question/1436327
#SPJ4
Which word represents the total cost of the item you’re purchasing on credit minus any down payment you make upfront?.
The credit cost can be defined as the cost of the item that a person would have to be purchasing on credit minus the down payment that they would make upfront on that good.
What is credit cost?This is the term that would simply be used to refer to the cost of getting a loan. That is, it is the cost that the person that has received the loan definitely has to pay.
The institutions would have to charge you the fees that they would use to review the loan that you are to take and also to finance the loan.
Hence we would say that the credit cost is the word that is used to tell us of the item that is to be gotten on credit subtracted by the payment that they would make.
The down payment is the payment that you would make upfront for the item you are buying so that you can complete the purchase later.
Read more on credit cost here: https://brainly.com/question/25206296
#SPJ1
Credit cost is defined as the price of the item that a consumer would have to buy on credit, less the first down payment.
What is the term "credit cost?"This is often used to describe the expense of obtaining a loan. In other words, it is the fee (or cost) the recipient of the loan must pay.
The institutions would charge you the fees they would employ to examine and fund the loan you are acquiring.
Therefore, it can be argued that the term "credit cost" is the term used to describe the item to be obtained on credit, less the payment it would require.
A down payment is the first payment made towards the purchase of an item to complete the transaction later.
Read more on the term "Credit cost" here: brainly.com/question/28906782
#SPJ1
a company that organizes by grouping together people who do the same jobs, like accounting or marketing, uses a:
A divisional organization is one in which employees who do similar tasks, such as marketing or accountancy, are grouped together.
What exactly is a divisional structure?An organizational structure known as a divisional organizational structure divides a company's workforce into groups based on markets or products rather than job functions. A divisional organization has teams focused on a particular region or product, but some businesses have marketing, sales, and communications departments.
Which function does a divisional business organization serve?A company's operations are coordinated by a divisional organizational structure around market, product, or geographic groups. Thus, a business structured along divisional lines might have operational groups for the US or EU, for corporate clients, or for the green widget product line.
Learn more about divisional organizational structure: https://brainly.com/question/15062537
#SPJ4
eric was laid off two months ago. he has not searched for other work because he is expecting to be recalled to work. the bureau of labor statistics counts eric as a. unemployed and in the labor force. b. unemployed and not in the labor force. c. employed and in the labor force. d. not in the labor force.
In case whereby Eric was laid off two months ago. he has not searched for other work because he is expecting to be recalled to work. the bureau of labor statistics counts eric as Unemployed and in the labor force.
What is unemployment?Unemployment can be described as the term that is used o describe the situation whereby people are able and fit to work but there is no employment opportunity for them in the labor market, this is different from when someone is not fit and not willing to work when there is employment opportunity and the above is under unemployment categories in labor force.
Read more about employee at:
https://brainly.com/question/1190099
#SPJ1
what will most likely be the result of using an unplanned approach, in which each employee's pay is independently negotiated? multiple choice dissatisfied employees rates that are stable equal pay distribution recruitment consistency cost control
An unplanned approach will likely result in unfairness and dissatisfaction among the employees.
What is an unplanned approach?Point factor method is an important method used during job evaluation. The responsibilities, requirements, and every other aspects of the job will be evaluated by using some set of standardised factors whereby points will be given to every job description.It I based on subjective judgements because it is based on the personal judgement of the individual rating as no formal calculations will be made but just the opinion of the subject and also his or her past experience.Hence,An unplanned approach will likely result in unfairness and dissatisfaction among the employees.
Know more about unplanned approach click here:
https://brainly.com/question/28285557
#SPJ4
What is the global variation in sea level brought about by change in the volume of water occupying the ocean basins?.
The global variation in sea level brought about by a change in the volume of water occupying the ocean basins is eustasy.
Sea level rise is therefore a climate change phenomenon that increases the volume of ocean water, primarily as a result of the melting of ice sheets and glaciers and the thermal expansion of water. Global sea levels are rising as a result of human-induced global warming, and the recent rate of rise is unprecedented in the last 2,500 years. Sea level rise is mainly caused by two factors related to global warming. As the planet warms sea levels rise for two reasons. First, as temperatures rise land-based ice such as glaciers and ice sheets melt and the melted water flows into the sea causing sea levels to rise. Second warm water expands and takes up more space than cold water increasing the volume of ocean water. The major physical impacts of sea-level rise include coastal erosion, delta inundation, flooding, and loss of many wetlands and marshes.
Learn more about ocean basins here
brainly.com/question/19933652
#SPJ4
fancy imports applies international financial reporting standards. the company issued shares of the company’s class b stock. fancy imports should report the stock in the company’s statement of financial position
among liabilities if the shares are mandatorily redeemable or redeemable at the option of the shareholder.
financial disclosure
The practice of recording and conveying financial performance over certain time periods, often on a quarterly or annual basis, is known as financial reporting. Financial reports are used by businesses to compile accounting data and present their current financial situation. Numerous financial data are accessible for public scrutiny and are crucial in the estimates of future profitability, industry position, and growth. When reporting financial data, there are a few key statements to utilize, and the data you include in these papers satisfies a number of important goals of financial reporting:
monitoring cash flow
valuing resources and obligations
Examination of shareholder equity
determining profitability
Financial statements, such as the income statement, balance sheet, and statement of cash flows, are frequently released as part of financial reporting. As required by the applicable accounting system, there could additionally be supplemental footnote disclosures that provide extra information on certain subjects. A company may also disclose any financial details about itself that it chooses to publish on its website. Additionally, it might provide stockholders with yearly reports. Finally, it may distribute a prospectus to potential investors on the organization's offering of securities.
To know more about financial visit:
https://brainly.com/question/1537763
#SPJ4
In human resource planning, forecasting is an intermediary step.
a. true
b. false
In human resource planning, forecasting is an intermediary step. This is false.
What is human resource planning?This is the term that is used to refer to the process that is carried out in companies that has to do with the ways that the steady stream of people that can be addressed as qualified would have to be maintained so as to take care of all that has to do with the shortage of workers or the fact that there are surplus workers.
Hence we can say that the forecasting is not an intermediary step when we talk about this. Hence false.
Read more on human resource planning
https://brainly.com/question/13761208
#SPJ1
What competitive forces can result in the erosion of margins for both differentiation and cost-leadership business strategies?
Such types of competitive forces like power of buyers, danger of entry, and supplier power For both differentiation and cost-leadership company strategies, competitive dynamics may cause margins to erodes.
A long-term plan you develop for your business to get to the desirable, future state you picture is called a strategy. A strategy encompasses your company's aims and objectives, the kinds of goods and services you intend to develop, the clients you want to sell to, and the markets you need to tap into in order to turn a profit. Business applications from Microsoft Dynamics include customer relationship management and enterprise resource planning. Applications for Dynamics are marketed by Microsoft through a network of reseller partners that offer specialized services. Microsoft Business Solutions includes Microsoft Dynamics. Microsoft created the business application known as Dynamics CRM. The software, known as customer relationship management (CRM), aids companies in managing their client information, generating new leads, interacting with customers, and resolving customer care issues.
Learn more about cost-leadership here
https://brainly.com/question/13077606
#SPJ4
given the following information for a one-year project, answer the following questions. recall that pv is the planned value, ev is the earned value, ac is the actual cost, and bac is the budget at completion. pv $22,000 ev $20,000 ac $25,000 bac $120,000 5 5 5 5 a. what is the cost variance, schedule variance, cost performance index (cpi), and schedule performance index (spi) for the project? b. how is the project doing? is it ahead of schedule or behind
The cost variance is -5000 , Schedule variance is -2000 , Cost performance index is 0.80 and Schedule performance index is 0.91
What is project cost management ?Project Cost Management is a technique that makes use of technology to monitor cost and productivity over the course of an enterprise-level project's entire lifecycle.
A 1. To find cost variance :
The formula for the Cost variance = Earned value - actual costs
Cost variance=20000-25000
Cost variance=-5000
2. The formula for the Schedule variance = Earned value - the planned value
Schedule variance=20000-22000
Schedule variance=-2000
3. The formula for cost performance index = dividing the Earned value by actual costs
Cost performance index=20000/25000
Cost performance index=0.80
4. The formula for schedule performance index = dividing the Earned value by the planned value
Schedule performance index=20000/22000
Schedule performance index=0.91
B) Given that the cost variance value has a negative sign in this situation, I would turn my attention to it and draw the conclusion that the project's budget is excessive. Again, since the Cost Performance Index is less than one, it offers us a poor indication. Since it is 0.80, I may draw the conclusion that we are only getting $80's worth of work for every $100 we have spent on this project.
Again, the Schedule Variance has a negative sign, indicating that the Project is behind schedule. The Schedule Performance Index is 0.91, indicating that the Project is only moving forward at 91 percent of the intended rate.
To know more about Project cost management, visit :
https://brainly.com/question/26402160
#SPJ13
the forces that affect foreign markets may differ dramatically from those affecting domestic markets. this makes a careful a critical part of a successful international marketing strategy.
Multinational corporations have a choice of four basic worldwide strategies:
(1) international
(2) multi-domestic
(3) global and
(4) transnational.
These approaches differ based on two pressures:
(1) a focus on efficiency and low cost; and
(2) meeting cultural and societal needs locally.
Key market-targeting factors include market size and growth (e.g., population)...
levels of disposable income and economic growth.Political climate and commercial environment.currency exchange ratesCompetition inside the country.Infrastructure.There are four primary factors that influence both long-term patterns and short-term volatility. These elements include the government, global trade, speculative expectations, and supply and demand.
To know more about international marketing strategy, click on the link below:
https://brainly.com/question/1405418
#SPJ4
suppose as a project manager, you notice that a new government regulation may add additional tasks to the project. you bring your concern about this new regulation to the stakeholders for a discussion on how to mitigate its impacts. what component of the planning phase does this situation represent?
A component of the planning phase which the above situation represent is: a. Risk management.
What is planning?Planning refers to the process of developing and setting organizational objectives and goals, as well as translating them into action plans or courses of action.
What is risk management?Risk management is a strategic process which involves the identification, evaluation, analysis and control of potential threats (risks) and challenges that are present in a business as an obstacle to its capital, revenues and profits.
In this context, we can infer and logically deduce that planning to mitigate the impacts of this new government regulation is a component of the planning phase that typically represents risk management.
Read more on risk here: brainly.com/question/16352505
#SPJ1
Complete Question:
Suppose as a project manager, you notice that a new government regulation may add additional tasks to the project. You bring your concern about this new regulation to the stakeholders for a discussion on how to mitigate its impacts. What component of the planning phase does this situation represent?
a. Risk management
b. Budget
c. Schedule
d. Task management
a nonpublic company auditors' report is most likely to be addressed to the company whose financial statements are being examined or to that company's:
The company whose financial statements are being scrutinized or that firm's audit committee is likely to get an auditors' report for a nonpublic corporation.
The financial reporting and statements of a firm are supervised by an audit committee, which is composed of a board of directors members. In order to create truthful and accurate reports, the audit committee is required by law to include both outside board members and individuals with knowledge of accounting or finance.
Unless specifically requested by an interested party, such as a lender, audits of nonpublic corporations are typically not required. These organizations frequently hold extensive knowledge about the audit client from sources other than the financial statements and are more sophisticated than the average investor.
The auditor must determine if there is a significant question regarding the entity's capacity to operate as a going concern for a reasonable amount of time, not to exceed one year after the date of the financial statements under audit.
To learn more about the audit committee
https://brainly.com/question/28021964
#SPJ4
rather than borrow money or raise funds from investors, amy used her creativity and ingenuity and figured out how to get her business up and running without the need for external funding. amy is utilizing a technique referred to as .
Amy is utilizing a technique referred to as bootstrapping
Any test or measure that use random sampling with replacement is considered to be using bootstrapping and is included in the larger category of resampling techniques.
By using bootstrapping, sample estimates are given accuracy ratings. This method enables the use of random sampling techniques to estimate the sampling distribution of nearly any statistic.
In a startup, what does bootstrapping mean?
Bootstrapping: Bootstrapping is the process of starting a firm from scratch without or with little outside funding. It is a method of funding small enterprises that avoids sharing equity or taking out big bank loans by having the owner pay for and use the resources themselves.To learn more about bootstrapping, click the links
https://brainly.com/question/28340524
#SPJ4
In recent years, there has been a renewed interest in the trait approach to determining leadership characteristics. which of the following statements is true about this approach?
a. The trait approach does not provide a definitive set of traits, but it does provide direction regarding which traits are desirable to a leadership position.
b. Leadership can be predicted by factors such as body shape and handwriting style
c. Recent studies have identified several new leadership traits, such as emotional intelligence, drive, and charisma
d. Early studies identified being short as a leadership trait Women and minorities have been well represented in the trait studies
According to the trait theory of leadership, leaders are defined by a set of innate or inborn traits. These characteristics could be psychological, physiological, intellectual, or other traits approach.
Characteristics like self-assurance, intelligence, ambition, perseverance, assertiveness, emotional stability, inventiveness, and motivation were frequently included in these lists of attributes. The leader is the only thing that the characteristic approach considers, not the followers or the circumstance. It would be more effective if personality tests were used to determine who was best for the job and that companies should have a leadership profile that they will use to follow up the tests on, as this makes the trait approach theoretically more straightforward than other approaches like situational leadership or leader-member exchange (LMX) theory.
Extraversion is the correct response in the space provided. It's because people tend to be more sociable and outgoing in situations where they are surrounded by people or in a social setting. This quality will make a leader more approachable and personable, which is likely to promote leadership effectiveness and emergence.
Learn more about approaches hear :
https://brainly.com/question/7177953
#SPJ4
what is the primary goal of an equity research report? who are the typical readers of an equity research report? what are three required elements of the week 5 final project that are commonly included in an equity research report?
The primary goal of an equity research report is to provide investors with an analysis of a company's stock. The typical readers of an equity research report are institutional investors, such as hedge funds, mutual funds, and pension funds.
What is equity?
Equity, also known as shareholders' equity as well as owners' equity for privately owned businesses, is the sum of money that would remain in the hands of a company's shareholders in the event that all of its assets were sold off and its liabilities were fully settled. It is the value of company sales less any liabilities owed by the business that were not transferred with the sale in the case of an acquisition. Additionally, a company's book value may be represented by shareholder equity. Equity may occasionally be given in exchange for payment. Additionally, it symbolises the proportionate ownership of a company's shares. One of the most frequently used pieces of information by analysts to evaluate a company's financial health is equity, which can be found on a company's balance sheet.
An analysis of a firm's financial statements, an analysis of company's stock price, as well as a recommendation are the three components of the Week 5 final project that must be included.
To learn more about equity
https://brainly.com/question/463498
#SPJ4
all companies have a responsibility to ____ so they can provide a return on investment to their owners and investors, create jobs for the community, and contribute goods and services to the economy.
All companies have a responsibility to be profitable so they can provide a return on investment to their owners and investors, create jobs for the community, and contribute goods and services to the economy.
The basic aim of all commercial endeavors is profitability. Without profitability, the company won't last much longer. Therefore, predicting profitability of the company and analyzing past and current profitability both are crucial.
Revenue and expenses are used to evaluate profitability. Revenue is income that the business makes through its activities. For instance, money is generated when livestock and crops are produced and sold. However, money which enter the business through operations like borrowing the money does not produce profitability. The company and the borrower are simply transferring cash in order to raise money for the capital investment project or the acquisition of assets.
If a company is profitable then only it will be able to provide return to all its stakeholders and create jobs for the community.
The complete question is here:
All companies have a responsibility to ______ so they can provide a return on investment to their owners and investors, create jobs for the community, and contribute goods and services to the economy.
a) offer the lowest price
b) be profitable
c) obey their customers
d) provide the largest selection possible
e) pay employees more than minimum wage
Learn more about profitability of company here:
https://brainly.com/question/10165880
#SPJ4
labor productivity falls and individuals expect higher (future) prices. what is the effect on the price level and real gdp in the short run?
The real GDP falls and the price will rise when labor productivity falls and individuals expect higher (future) prices.
What is productivity ?Productivity is a measure of economic output that compares the amount of goods and services produced with the amount of inputs used to produce those goods and services.Productivity is commonly measured in terms of output per worker or output per worker hour. For a manufacturing company, the measure of productivity is the number or value of finished goods each worker can produce in a given amount of time.As productivity increases, economies can produce and consume more goods and services for the same amount of work. Productivity is important for individuals, executives, and analysts. A good productivity percentage is 70-75%. That is, an employee spends more than 70% of his working time at work, and no more than 25% of his rest time.This allows you to get the maximum benefit without burning out or having a poor work-life balance.To learn more about productivity from the given link :
https://brainly.com/question/21254539
#SPJ4
eric looked for work for six months but could not find a job to his liking. he now spends his time at the beach. for purposes of employment, he is considered:
eric looked for work for six months but could not find a job to his liking. he now spends his time at the beach. for purposes of employment, he is considered Out of the labor force.
In most cases, the term "employment" refers to the condition of having a paid job—of being employed. A person is paid to work when they are employed. Employees are employed by an employer. The act of hiring individuals is another definition of employment. The whole population of individuals who are able and willing to work and who are of working age is referred to as the labor force.
Now in Eric's case, he searched for work opportunities for about 6 months but couldn't succeed in finding any job of his choice, and now he spends his time at the beach, so for the purpose of his employment, he is considered out of the labor force.
To know more about the Labor force, refer to this link:
https://brainly.com/question/13960298
#SPJ4
What is likely to occur if the technology for pollution-control equipment improves noticeably?
The marginal cost curve for the reduction would move to the right. The price of reducing pollution-control equipment would go down. The ideal degree of abatement would increase in quantity when technology improve.
What is likely to happen if technology for pollution-control devices improves noticeably?
It is sometimes said that technology is the changing and manipulating of the human environment. Technology is the application of scientific knowledge to the practical goals of human life.
Air pollution control devices are a series of devices that work to prevent a variety of different pollutants, both gaseous and solid, from entering the atmosphere primarily out of industrial smokestacks.
To know more about POLLUTION CONTROL DEVICES CLICK HERE
https://brainly.com/question/7069187
#SPJ4
Which of the following statement is correct about Medicare Savings Account (MSA) Plans?
I. MSAs may have either a partial network, full network, or no network of providers.
II. MSA plans cover Part A and Part B benefits but not Part D prescription drug benefits .
III. An individual who is eligible for health care benefits through the Veteran's Administration may enroll in an MSA.
IV. Non-network providers must accept the same amount that Original Medicare would pay them as payment in full.
a. I, II, and III only
b. I and II only
c. II and III only
d. I, II, and IV only
The correct option is d. I. Medicare Savings Account may have either a partial network, full network, or no network of providers. II. MSA plans cover Part A and Part B benefits but not Part D prescription drug benefits. IV. Non-network providers must accept the same amount that Original Medicare would pay them as payment in full.
In order to provide you with options for getting health insurance, Medicare collaborates with private insurance providers. These businesses have the option to provide a Medicare MSA Plan, a customer Medicare Advantage Plan. These programmes resemble Health Savings Account Plans that are not covered by Medicare.
Learn more about Medicare here:
https://brainly.com/question/14011571
#SPJ4
Answer:
Explanation:
The correct response is letter C.
Studies have shown that people often have cultural biases of which they're not even consciously aware.
a. True
b. False
People frequently exhibit unconscious cultural biases, according to studies, which shows how common this is. The claim is accurate.
The required details for cultural bias in given paragraph
The practice of interpreting and evaluating phenomena using criteria specific to one's own culture is known as cultural bias. In the social and human sciences, including anthropology, psychology, economics, and sociology, the phenomena is occasionally seen as a major issue. Some professionals in the aforementioned professions have made an effort to create ideas and procedures that would correct for or eliminate cultural prejudice.
Cultural bias occurs when members of a culture assume that norms, such as those governing language, notation, and the presentation of argument and evidence, are true. After then, they are accused of mistaking these presumptions for natural or logical laws. Such biases abound, affecting partner preference, ideas of justice, and cultural conventions for color.
To know more about cultural bias, click here
https://brainly.com/question/2500538
#SPJ4
Donald is the primary insured of a life insurance policy and adds a children's term rider. What is the advantage of adding this rider?
allows the policyowner to alter the terms of the agreement to include additional temporary insurance for the insured or additional temporary insurance for other family members.
A rider is a clause in an insurance policy that alters or adds advantages to a standard insurance policy, such extra coverage.
To know more about term rider visit here :
https://brainly.com/question/13450798
#SPJ4
Which describes a difference between nominal gross domestic product (gdp) and real gdp?
The difference between real and nominal gross domestic product (GDP) is that real GDP is calculated using dollars from a base year, whereas nominal GDP is calculated using dollars from the year in question.
Why is it vital to distinguish between nominal and real GDP?
Real gross domestic product (GDP), as opposed to nominal GDP, is a better indicator of an economy's output. By removing the distortion caused by inflation, deflation, or changes in exchange rates, real GDP gives specialists a clearer view of how a country's total national output is evolving year over year.
Since real GDP takes the impacts of inflation into account, it is often preferred above nominal GDP. If the inflation rate was 2%, the GDP really shrank by 1% in real (constant-dollar) terms.
In the same year, both the nominal GDP and growth rate were 5%. Real GDP always lags nominal GDP during periods of growing inflation.
Refer to this link for more details on nominal and real GDP:
brainly.com/question/15171681
#SPJ4
basic economics indicates that the cornerstones of economic progress are?
According to fundamental economics, private ownership, exchange freedom, competitive markets, and monetary stability serve as the cornerstones of economic prosperity.
Economic stability is a characteristic of a financial system that reduces financial imbalances brought on by substantial unfavourable events or endogenous financial market fluctuations. Individual business owners must launch and fund a media outlet under private ownership without relying on any assistance from the government.
Economic freedom is based on four pillars: (1) individual choice; (2) voluntary exchange facilitated by markets; (3) freedom to participate in and compete in markets; and (4) protection of people and their property from outside violence.
Learn more about economics here:
https://brainly.com/question/16999482
#SPJ4
the nominal interest rates were quite high and the real interest rates were very low in the u.s. during the late 1970's. this can indicate that
In relation to the amount lent, deposited, or borrowed, the amount of interest due each period is expressed as an interest rate (called the principal sum).
The required details for interest rate in given paragraph
The total amount of interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time when it is borrowed, deposited, or lent. A rate over a year is called an annual interest rate. However, they are typically annualized. Other interest rates apply over shorter time frames, such a day or a month.
An indication reflecting the preference for a dollar of present income over a dollar of future income is how the interest rate has been described. The borrower wishes or requires to get funds as soon as possible.
To know more about interest rate, visit here
https://brainly.com/question/28476118
#SPJ4
______ is a seemingly neutral employment practice that has a disproportionately negative effect on a group protected by the civil rights act.
A seemingly neutral employment practice that has a disproportionately negative effect on a group protected by the Civil Rights Act is said an adverse impact.
The Civil Rights Act of 1964 was a significant piece of legislation that addressed the racism that was prevalent in American culture at the time. Through its 11 titles, it outlawed discrimination and segregation on the basis of race, religion, national origin, and sex in the workplace and in all public settings, including hospitals, hotels, restaurants, and public spaces like schools.
In the years that followed, further civil rights measures were inspired by the Civil Rights Act of 1964.
The Civil Rights Act of 1964 is regarded by many as the civil rights movement's pinnacle achievement. Due to this important federal law, discrimination against people on the basis of their race, color, religion, sex, or national origin was outlawed.
Learn more about Civil Rights Act, here
https://brainly.com/question/12447824
#SPJ4
at the beginning of january 2022, a company reported inventory of $4,000. during the month, the company made purchases at a total net cost of $17,800. on january 31, 2022, a physical count of inventory reported $4,200 on hand. find the cost of goods sold for the month. $21,800.00 $17,600.00 $17,800.00 $18,000.00
At the beginning of January 2022, a company reported an inventory of $4,000.The cost of goods sold for the month is given as $21800
This is further explained below.
What is the cost of goods sold?Generally, The carrying value of products sold within a certain time period is referred to as the cost of goods sold.
One of many different methods, such as specific identification, first-in-first-out, or average cost, is used in order to ascribe costs to individual items of merchandise.
The entire amount that your company spent for costs that are directly connected to the selling of items is referred to as the cost of goods sold (COGS for short).
This may include items acquired for resale, raw materials, packaging, and direct labor involved to making or selling the good. Depending on the nature of your company, this may also include indirect labor.
In conclusion,
17800 + 4000=21800
Therefore
cost of goods sold =21800+4200
cost of goods sold =21800
Read more about the cost of goods sold
https://brainly.com/question/14866200
#SPJ1
a document that records the verification that the amount of currency and coins in a cash register agrees with the amount shown on the cash register transaction totals is called a .
A document that records the verification that the amount of currency and coins in a cash register agrees with the amount shown on the cash register transaction totals is called a Cash proof.
A proof of cash is essentially a bank reconciliation that includes distinct columns for cash receipts and cash expenditures and rolls each line item forward from one accounting period to the next. The columns (and formula) for a cash proof are as follows:
Beginning balance plus cash inflows during the time minus cash outflows during the period equals the ending balance.
Understanding a Cash Proof
The proof of cash identifies places where there are differences and may thus need more investigation and possibly some correcting entries when utilised for each line item in a bank reconciliation. A proof of cash may reveal a number of different reconciliation problems that necessitate adjusting an organization's accounting records, such as : Not recorded bank fees.
So, the required answer is Cash Proof:
https://brainly.com/question/8153303
#SPJ4
Credit accident and health plans are designed to?
In credit accident and health policies, the coordination of benefits clause is included to prevent overpaying claims.
Describe insurance.
This is referred to as a method of mitigating financial loss and entails a contract between an insured person or organization and the insurance business, which serves as the insurer.
In the insurance industry, group accident and health plan benefits are coordinated to prevent overpayment of claims and underpayment of any of the three parties.
To learn more about insurance Visit:
brainly.com/question/25855858
#SPJ4
