Numerous firms competes with one another in hiring a specific type of labor.
What is Monopsony?
Monopsony is a market structure in which there is only one buyer of a particular product or service. The buyer holds a large amount of market power, allowing them to dictate terms and prices to suppliers. This can lead to lower wages for workers and higher prices for consumers.
What is Labor market?
Labor market refers to the supply and demand for labor in which employers compete to hire the best employees while employees compete for the best job opportunities. It involves the interaction between employers, employees, and job seekers to determine wages, working conditions, and other employment-related aspects. The labor market also plays an important role in economic growth, as it provides businesses with the necessary resources to produce goods and services.
Therefore, Option A is correct.
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define transformational leadership and explain the four key leader behaviors that constitute transformational leadership.
The "four I's"—idealized influence, inspiring drive, intellectual stimulation, and individual consideration—are the four components of transformational leadership. Each element will be covered in detail to assist managers in implementing this strategy at work.
The followers' levels of maturity and ideals rise along with their concerns for the goal as a result of this change in self-interests. According to the leadership idea of transformational leadership, a leader collaborates with teams or followers to identify needed change, develop a vision to manage the change through influence, inspiration, and execution with the help of devoted group members. It is an essential part of the Full Range Leadership Model. Transformational leadership is when a leader's activities have an effect on followers and inspire them to go beyond what they believe is possible. Through transformational leadership, people are inspired to perform extraordinary or unexpected feats. It gives staff members authority over specific tasks in addition to control.
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nelson's metallurgy needs $1.36 million to fund an expansion project. the firm has decided to raise the funds through a negotiated offering. the terms of the offer include an offer price of $22.50 a share and an underwriting spread of 8.1 percent. how many shares must the firm sell in order to raise the funds it needs?
Number of shares = $1,360,000 / (1 - .081) / $22.50 = 65,772, must the firm sell in order to raise the funds it needs.
What are shares ?A stock refers to a share of the capital of a company.In some companies, shares exist as financial assets and surplus earnings can be distributed equally in the form of dividends. Shareholders of shares that do not pay dividends do not participate in profit sharing. Shares are called units of ownership that represent equal shares of a company's capital. One shares gives shareholders equal rights to company profits and losses. There are two main types of shares: shares and preferred shares. The simplest way to buy stocks is by an online stockbroker.After opening and funding your account, you can start buying shares in minutes from your broker's website.To learn more about shares from the given link :
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shrinkage is part 2 a. liquid inventory. b. the decrease in inventory levels resulting from cycle counting. c. retail inventory that is unaccounted for between receipt and sale. d. a small amount of theft.
c. retail inventory that is unaccounted for between receipt and sale.
inventory (American English) or inventory (British English) refers to the products and materials that a commercial enterprise holds for the final purpose of resale, manufacturing or utilisation. stock control is a field usually approximately specifying the form and site of stocked goods. it's far required at one-of-a-kind places within a facility or inside many places of a supply community to precede the normal and deliberate direction of production and stock of materials. The concept of inventory, inventory or paintings in technique (or paintings in progress) has been prolonged from manufacturing systems to provider groups and projects.
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the core of social media is: select one: a. consumer privacy and confidentiality. b. the convenience it provides to direct marketing. c. the security of individual and brand identity. d. individual empowerment and democratization of knowledge.
the core of social media is individual empowerment and democratization of knowledge. So option d is correct.
How Does Personal Empowerment Work?Taking charge of your life and making decisions that are in line with your desires are key components of personal empowerment. True empowerment, however closely related to qualities like self-esteem and confidence, occurs when you put your intentions into practise. When individuals feel empowered, they may assertively request the information they require, as well as grow in self-awareness and take an equal role in their own care.
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vv
A leader should avoid a directive leadership style when ________.
tasks are highly structured
workers have an external locus of control
tasks are stressful and ambiguous
work groups experience conflict
A leader should avoid a directive leadership style when ________.
tasks are highly structured
workers have an external locus of control
tasks are stressful and ambiguous
work groups experience conflict
A leader should avoid a directive leadership style when tasks are highly structured
One of the most popular types of leadership practiced nowadays is directive leadership. The directive leader will start a project, assign tasks to their direct reports to finish the project, and set particular requirements for the caliber of work being produced. These leaders establish timelines, outline tasks, and enforce strict guidelines and limitations.
A directive leadership is more likely to emphasize their own viewpoints and experiences than those of others. They determined the path of the mission and vision. That implies that the leader is not obligated to receive suggestions or input from their immediate reports. How well they do their given responsibilities is the only factor used to evaluate their work performance.
Leaders who are directives must understand how to finish a project. They must have faith in their capacity to convey this knowledge to others without coming across as haughty. To avoid delays or productivity losses, they must be able to spot when someone is fighting their authority.
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a cable company llows customers to buy cable internet and phone service at a speical price if bought together., how is this practice known
Bundling occurs when businesses combine multiple of their goods or services into one unit, frequently at a cheaper cost than they would charge customers to purchase each item separately.
What is Bundling?
Bundling occurs when businesses combine multiple of their goods or services into one unit, frequently at a cheaper cost than they would charge customers to purchase each item separately. In a marketing tactic known as bundling, businesses sell a number of goods or services as one comprehensive package. Although the bundled goods and services are frequently related, they might also include unrelated goods that appeal to a certain clientele. Product bundling is a marketing strategy in which a number of products are bundled together and offered for sale as a single item. This tactic is employed to persuade clients to purchase more goods. Product bundles include, for instance, Happy Meals from McDonald's.
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elaine's original basis in the hornbeam partnership was $40,000. her share of the taxable income from the partnership since she purchased the interest has been $70,000, and elaine has received $80,000 in cash distributions from the partnership. elaine did not recognize any gains as a result of the distributions. in the current year, hornbeam also allocated $1,000 of tax-exempt interest to elaine. calculate elaine's current basis in her partnership interest. $fill in the blank 1
Elaine's original basis in the Hornbeam partnership was $40,000. Her share of taxable income has been $70,000 and her cash distribution from the partnership is $80,000. Hornbeam allocated $1,000 of tax-exempt interst to Elaine. Elaine's current basis in her partership interest is $31,000.
Partnership interest is the percentage of a parternship owned by a member or individual. The interest represents each partner's right to make business decisions.
The basis of a partnership interest is the amount of cash plus the adjusted basis of any contributed property.
In Elaine's case, her original basis is $40,000. Her share of the taxable income is $70,000 and she has received $80,000 in cash distributions. Elaine then receive $1000 of tax-exempt interest. Then, Elaine's current basis in her partnership interest is:
Partnership interest basis = Original basis + Taxable income - Cash distributions + Tax-exempt interest
Partnership interst basis = $40,000 + $70,000 - $80,000 + $1,000
Partnership interest basis = $31,000
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the use of toll-free telephone numbers that customers can call to obtain information about products and make purchases is known as
The use of toll-free telephone numbers that customers can call to obtain information about products and make purchases is known as inbound telemarketing.
The first stage in an inbound telemarketing plan with a company is customer interaction. As contrast to outbound marketing, which involves salespeople going up to consumers and trying to clinch a transaction, inbound marketing allows customers to contact a company whenever it's most convenient for them. Profitability may eventually grow as a result of this.For instance, if you were interested in purchasing a phone service or magazine subscription after seeing an advertising for it on TV, all you would need to do is contact the inbound call center, where a telemarketer is ready to take your incoming call. Inbound telemarketing, in contrast to outbound telemarketing, may use more customer relationship management (CRM) technologies and techniques.Thus the answer is inbound telemarketing.
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purchased $43,600 of merchandise from van industries, invoice dated march 1, terms 2/15, n/30.
Gabel Company, terms n/30, purchased $1,230 in office supplies on credit on March 3. March 3: Sold merchandise on credit to Linda Witt for $10,200 (cost is $5,800), Invoice Number 855. March 6 Signed a long-term note payable with Federal Bank to borrow $82,000 in cash.
March 9: Purchased $21,850 in office equipment from Spell Supply on credit, terms n/30. March 10: Sold merchandise on credit to Jovita Albany for $5,600 (cost is $2,900), Invoice Number 856. March 12: Received payment from Min Cho for the March 2 sale, minus the $336 discount. March 13: Van Industries check number 416 was sent in payment of the March 1 invoice, less the $872 discount. March 13: Received payment from Linda Witt for the March 3 sale, minus the $204 discount. Purchased $32,625 in merchandise from the CD Company on March 14, terms 2/10, n/30. March 15: Paid sales salaries for the first half of the month with check number 417 for $18,300, payee Payroli. 15 March Cash
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9. In email marketing, what is a relationship email? O An email that explains the trainer's mission, philosophies, and more about themselves O An email used to engage with clients and prospects and build rapport O An email series that presents an offer or promotion for a limited time DOA series of emails that gather client information and assessments to begin a training program
Even when a customer isn't actively looking for it, relationship email marketing aims to provide value. Building trust is the aim of relationship email, not making sell. Earn the public's trust, sales will come.
What program do you use for email marketing?Because it contains the functionality that the majority of businesses require without being unduly complicated or confusing, Mailchimp is the best email marketing software overall. Campaigns may be planned, A/B tested, and reports including open rates, tap rate increases, unsubscribe rates, and other metrics can be obtained.
Does email marketing work well for newcomers?Email marketing is the secret to expanding your clientele and developing a loyal following. The goal of any business is to have an engaged list, so knowing how to write compelling email messages and emails can help you raise overall website visibility and click-through rate.
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which social media zone primarily assists in the online buying and selling of products and services?
Social commerce is the social media zone primarily assists in the online buying and selling of products and services.
A subset of electronic commerce called social commerce uses online and social media to enable social interaction, user contributions, and online purchasing and selling of goods and services.
Selling your goods using your social media platforms is known as social commerce. You may do this by using websites and apps, each of which offers a distinctive set of tools for displaying your products to potential buyers while they browse social media.
Estimated global social commerce sales for 2022 are $992 billion. Online data provided by Statista indicates that it is anticipated that global sales made through social media platforms would total $992 billion by the year 2022.
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promontory corporation has historically used the lifo method of accounting for inventory. in 20y1, promontory decides to switch to the average cost method of accounting for inventory. how should promontory account for this change in accounting principle in 20y1?
For this change in accounting principle in 20y1 promontory account should change Retrospectively.
Retrospective: What is it?Retrospectives are sessions when project teams focused on how they interact together and fix issues that aren't working, to take a term from Agile. The goal is to establish a continuous process of improvement, concentrating on the steps and results that the staff can do to engage in various ways or enhance work flow.
What serves as a retrospective's primary objective?Bringing in stakeholder on a project, process, or engagement is the goal of a retrospective, which aims to examine what happened, why something happened, what should've occurred, and what can occur in the future.
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g the firm's gain in profit from hiring another worker is the reduction in costs from hiring another worker. the extra output of the extra worker. the marginal revenue product of the extra worker. the difference between marginal revenue product and the wage of the worker.
The difference between the marginal profit product and the employee's wage is the increase in profit that the company makes by adding one more employee.
Define profit.The remaining money after paying the business expenses is your profit. Gross profit, operating profit, and net profit are the three main profit types. The biggest profit is gross profit. The remaining balance after paying for the products and services sold will be displayed.
The Marginal Profit Productivity Theory of Wages is a model for setting the wage level so that it corresponds to the marginal return product of labor, that is, the Ad-style MRP. Wages are the form of monetary compensation for employees.
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many stores, restaurants, and theaters offer discounts for college students who show their school id. why are these discounts for college students effective price discrimination, and why would this benefit firms?
Collage students had higher cost sensitivity than other adults do, therefore these discounts for students are effectively price discrimination.This is why business organization would benefit from this.
Explain the term "pricing discrimination" and provide a sample.Businesses will charge clients various prices depending on their ability to pay as part of the practice known as pricing discrimination. For instance, various pricing are commonly offered at theaters for adult, seniors, and kids. They also have promotions for particular days each week.
Which elements influence pricing discrimination?The following circumstances could lead to price discrimination: The supply of the product must be under the seller's some degree of control. To differentiate the price, such monopolistic power is required. The market should be segmented by the supplier in with at least two smaller markets (or more).
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the sherman antitrust act prohibits executives of competing companies from a. sharing with one another their knowledge of game theory. b. failing to stand by agreements that they had made with one another. c. fixing prices, but it does not prohibit them from talking about fixing prices. d. even talking about fixing prices.
The Sherman Antitrust Act prohibits executives of competing companies from D) even talking about fixing prices.
What is the Sherman Antitrust Act?
A significant U.S. statute known as the Sherman Antitrust Act forbade corporations from banding together or combining to create monopolies. The law, which was passed in 1890, made it illegal for these organizations to dictate, regulate, and manipulate pricing in a particular market.
The legislation controlled interstate trade while fostering economic fairness and competition. The Sherman Antitrust Act was the first attempt by the U.S. Congress to address the use of trusts as a technique that permits a small group of people to dominate a number of significant businesses.
The Sherman Antitrust Act prohibits executives of competing companies from D) even talking about fixing prices.
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consider an economy where the growth of real gdp is 6 percent and the growth rate of money supply is 8 percent. if the quantity theory of money holds, the inflation rate in the economy will be
Nominal GDP is defined by the quantitative theory of money as the product of two variables: the supply of money and the velocity of money.
The first one talks about how much money moves around to make transactions easier, and the second one talks about how much money is on the market.
The following is a summary of the quantity theory of money:
price times real GDP equals money supply times money velocity.
Who initially proposed the quantitative theory of money?
The amount hypothesis was created by Simon Newcomb, Alfred de Foville, Irving Fisher, and Ludwig von Mises, albeit the last option accepted interest for cash was likewise a critical element, in the late nineteenth and mid twentieth hundred years. After the financial crisis of 1793, the concept of a central bank was first proposed by Henry Thornton.
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you own 20% of hi-tek company stock. the stock sold for $96 per share before a planned 3-for-2 stock split. before the split, there were 320,000 shares outstanding. how many shares of stock will you own after the stock split?
You possess 96000 shares of Hi-Tek Company, or 20% of it, in accordance with the provided statement.
A standard simple definition is what?A sort of asset known as a stock represents a small portion of ownership in the company. A share, also known as a minority shareholding, is what you get when you purchase stock in a company. Shares of companies are purchased by traders who anticipate a rise in value. The valuation of company's shares increases as a result.
Briefing:Calculation of share ownership following Hi-Tek Company's stock split.
No. of shares held = 20% of Company's shares
= 320000 shares * 20%
= 64000 shares
Stock split into 3:2 ratio
So, No. of shares held after split of Hi-tek Company = (64000 shares * 3) / 2
= 96000 shares owned after split
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which of the following statements is most accurate? investors who use market orders to buy 100 shares of a liquid stock typically pay the national best bid price. investors who use market orders to buy 1,000 shares of a liquid stock typically pay the national best bid price. investors who use market orders to sell 100 shares of a liquid stock typically receive the national best bid price. investors who use market orders to sell 1,000 shares of a liquid stock typically receive the national best bid price.
Investors who use market orders to buy 1,000 shares of a liquid stock typically pay the national best bid price. (Option B)
What is meant by stock liquidity?A stock's liquidity refers to how simple or complicated it would be for a market member to sell the shares without having an effect on the price. A stock that is highly liquid has a sufficient number of shares outstanding and a sufficient amount of buyer and seller demand.
How is liquid stock determined?Let's examine carefully the three primary markers that aid in determining a liquid stock: The spread between the offer price and the bid price is less, When the gap between the bid and ask prices is modest, a narrow bid-ask spread occurs. The stocks have a large transaction volume during periods of high float.
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the four sections of the usar are arranged in order on the income statement from most controllable to least controllable. true false
On the income statement, the four usar sections are indeed arranged in ascending order from most to least controllable.
What is the Uniform System of Accounts for Restaurants (USAR) meant to accomplish?
When reporting the financial results of all food service operations, it is required to use the Uniform System of Accounts for Restaurants (USAR). Managers of manufacturing operations typically face a wider range of challenges than managers of foodservice.
On a P&L created using the USAR, which item is listed first?
The first numerical entry on a P&L created with the USAR is the Cost of Sales. The costs of food, beverages, and employees are prime expenses in a restaurant.
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what is the opportunity cost of holding currency? (multiple answers are accepted) select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a the opportunity cost is zero. b the current interest rate on bonds. c the interest that could have been earned if the currency was in the bank. do money doesn't have a cost until you spend it.
The opportunity cost of holding money is the interest forgone on an alternative asset.
What is opportunity cost?
When a person, investor, or company chooses one option over another, they are missing out on possible rewards, which are known as opportunity costs. Opportunity costs can be readily disregarded since, by definition, they are invisible. A firm or individual may make better decisions by being aware of the possible possibilities they may miss when selecting one investment over another.
Opportunity Cost Calculator and Formula
Opportunity Cost = FO - CO where:
RETURN ON BEST FORGOT OPTION
Return on chosen option
A simple difference in the projected returns of each choice is the method for calculating an opportunity cost.
Investment in a new manufacturing facility in Los Angeles as opposed to Mexico City is an example of opportunity cost, as is choosing not to replace outdated firm equipment or choosing the most costly product packaging choice over less expensive ones.
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in mrp, under lot-for-lot ordering, planned-order receipts are:
Planned-order receipts and planned-order releases are orthogonal in mrp's lot-for-lot ordering system.
What is meant by MRP?A system called materials requirements planning (MRP) determines the materials and parts required to make a certain product. This consists of three main steps: listing the components and materials already present, deciding which more are required, and then planning for their manufacture or acquisition.
What is MRP and ERP?ERP & MRP are two software programs that are frequently used (material requirements planning). Find out the advantages of each software program, why your company might require an ERP and MRP system, and how they can integrate easily to help you run your business more efficiently.
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karl bought five folders from pay-a-lot at a cost of $2.50 each. pay-a-lot had a 20%-off sale the following day. how much could karl have saved on the purchase by waiting a day?
Carl could have saved $2.50 on the purchase by waiting a day.
The five folders Karl purchased cost a total of $2.5 × 5 = $12.5.
If Karl had waited one day, he would have paid 80% of the original amount for the folders since the following day there was a 20% off discount.
80% of $2.5 is
80/100 × $2.5
= 0.8 × $2.5
= $2
Each file folder would have cost $2.
Karl would have purchased five folders if he had waited a day to buy them.
For 2 * 5 = $10 instead of $12.5, thus saving $12.5 - $10 = $2.5.
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the state of the book at 10:59am is: trader sequence price quantity irina 5 15.30 1,000 gina 2 15.20 500 esteban 1 15.10 100 alice 3 15.09 200 sell dmitri 4 15.08 300 buy bruce 2 15.05 400 hans 1 15.03 300 cho 3 15.02 200 frank 4 15.00 300 jing 5 14.52 2,000 at 11:00am john submits an order: buy 400 shares, limit 15.09. what's the best bid and offer (bbo) after john's order is submitted? the market is 15.05 bid for 400 shares, 300 shares offered at 15.08. the market is 15.05 bid for 400 shares, 100 shares offered at 15.09. the market is 15.03 bid for 300 shares, 300 shares offered at 15.08. none of the above.
The best offer and bid following the submission of John's order None of the above.
How are pricing and quantity determined?You can find the supply line algebraically or on a graph by using the supply formula, Qs = x + yP. In this equation, Qs stands for the quantity delivered, x for the amount, and P for the cost of the hats in dollars.
What exactly is the price-quantity relationship?The amount charged by the manufacturer for each unit of an item or service is known as the price. A price increase almost always results in more of that good or service being delivered, whereas a price decrease usually results in less of it being supplied.
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written notice of a claim must be given to the insurer within how many days after the loss occurred?
The claim must be given within 20 days.
The specific time frame for giving written notice of a claim to an insurer can vary depending on the terms of the insurance policy and the laws of the jurisdiction in which the policy was issued. However, in the case of health insurance, every individual health insurance plan needs to have a notice of claim clause.
This rule requires that written notification of a claim be given to the insurer within 20 days of the commencement of a covered loss, or as soon as reasonably practicable thereafter. Within 15 days of receiving notice of a claim, the insurer is required to give the insured a claims form. In the event that this is not done, the insured may satisfy the deadline for providing proof of loss by providing the insurer with a written statement confirming the loss.
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as a recent hire to curtis, you are excited about the opportunity to find new customers. what should be your first step?
Clearly defining your clientele is the first step. It will be necessary for customers this phase to conduct online research, speak with people from various service demographics in person, and engage in some good old-fashioned brainstorming.
Consider the kind of consumers who will be drawn to your product or service. The first step in locating and the comprehending your potential consumer base is segmenting your current customer base. Customer segmentation is the process of dividing up your clientele into several categories based on their demographic, geographic, psychographic, and behavioural characteristics. Your customer should be welcomed as soon as they enter your store.
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stocks standard deviation beta apple stock 15% 0.93 home depot stock 25% 1.18 jc penney stock 10% 1.72 11. which stock should have the higher expected return? a. apple b. jc penney c. home depot 12. which stock has the most total risk? a. apple b. jc penney c home depot
The movement of the overall stock market has the LEAST impact on the price of Starbucks stock.
The following details must be taken into account: The term "stock market" refers to the group of marketplaces and exchanges where shares can be bought and sold. As it has the least beta, Starbucks should also be the least sensitive. The Starbucks stock is therefore the least susceptible to changes in the performance of the entire stock market, according to this conclusion. Stock A should be chosen as a risk reducer since it has the lowest standard deviation if it is to be held alone. Additionally, stock B has the lowest beta; hence, if it is to be held as a component of a well-diversified portfolio, it should be chosen. For an investor with a well-diversified portfolio, the standalone risk or standard deviation of the stocks is reduced. The market risk or the beta would then be the pertinent risk in that scenario.
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sport-in corporation manufactured 10,000 golf bags during april. the following fixed overhead data pertain to march: actual static budget production 20,000 units 20,500 units machine-hours 5,100 hours 6,150 hours fixed overhead cost for march $250,000 $258,300 what is the amount of fixed overhead allocated to production?
$258300 would be the amount of fixed overhead cost allocated to production in this case.
What do you understand by fixed cost?
On the income statement, company expenses may be split down into direct, indirect, and capital expenditures. On the balance sheet, these expenses can be shown as short-term or long-term liabilities. The total cost structure of a company is made up of both fixed and variable costs.
Cost structure analysis comes in many forms, and it is used by cost analysts to examine both fixed and variable costs. Costs are typically a major determinant of overall profitability.
The term "fixed costs" refers to expenses that remain constant throughout time. Typically, schedules or business agreements create them. These are the fundamental expenses related to running a firm fully. Over the course of a contract or cost schedule, fixed costs remain constant after they have been defined.
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a car is purchased for $43,000. each year it loses 25% of its value. after how many years will the car be worth $9200 or less? (use the calculator provided if necessary.)
After a car is purchased at $43000 and looses 25% worth every year then the car will be worth $9200 or less after four(4) years.
What does Purchase mean?
Purchase is a term used to refer to the acquisition of goods or services in exchange for money. It is a common business transaction and can involve buying something outright or entering into an agreement to pay for it over time.
What does Services mean?
Services is a broad term that refers to any type of work or activity performed to meet the needs of a customer. Services can range from professional services like accounting or consulting to tangible products like food or clothing. Services are typically intangible in the sense that they cannot be touched, felt, or seen, but the benefits they provide are very real.
As per the price of the car which is $43,000 and it looses 25% each year which is $10750. From this we come to know that the car will be worth of $9200 or less within 4 years.
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the december 31, 2013 balance sheet of barone company had accounts receivable of $400,000 and a credit balance in allowance for doubtful accounts of $32,000. during 2014, the following transactions occurred: sales on account $1,500,000; sales returns and allowances, $50,000; collections from customers, $1,250,000; accounts written off $36,000; previously written off accounts of $6,000 were collected. instructions (b) if the company uses the percentage-of-sales basis to estimate bad debt expense and anticipates 3% of net sales to be uncollectible, what is the adjusting entry at december 31, 2014? (c) if the company uses the percentage of receivables basis to estimate bad debt expense and determines that uncollectible accounts are expected to be 8% of accounts receivable, what is the adjusting entry at december 31, 2014?
Debit Accounts Receivable $1,500,000
Credit Sales Revenue $1,500,000
To record sales on account.
What are the other journal entries?Debit Sales Returns $50,000
Credit Accounts Receivable $50,000
To record sales returns and allowances.
Debit Cash Account $1,250,000
Credit Accounts Receivable $1,250,000
To record cash collections from customers.
Debit Allowance for Doubtful Accounts $36,000
Credit Accounts Receivable $36,000
To record uncollectible written-off.
Debit Accounts Receivable $6,000
Credit Allowance for Doubtful Accounts $6,000
To reinstate previously written off accounts.
Debit Cash Account $6,000
Credit Accounts Receivable $6,000
To record collection of previous write-off.
Adjusting Entry at December 31, 2015:
B. Using 3% of net sales:
Debit Bad Debt Expense $41,500
Credit Allowance for Doubtful Accounts $41,500
To record bad debt expense.
C. Using 8% of Receivables:
Debit Bad Debt Expense $43,120
Credit Allowance for Doubtful Accounts $43,1`20
To record bad debt expense.
D. 3% of net sales produces a higher net income and by $1,620
How do you show the calculations for the above journal entries?1. Accounts Receivable
Beginning balance (debit) = $400,000
Sales 1,500,000
Sales Returns & allowances (50,000)
Cash Collections (1,250,000)
Uncollectible write-off (36,000)
Reinstatement of write-off 6,000
Cash Collection (6,000)
Ending balance $564,000
2. Allowance for Doubtful Accounts
Beginning balance (Credit) $32,000
Uncollectible write-off (36,000)
Reinstatement of write-off 6,000
Balance pre-year adjustment $2,000
Using 3% of net sales
Bad debt expense $41,500
Ending balance (credit) $43,500
Balance pre-year adjustment $2,000
Using 8% of receivable balance
Bad debt expense $43,120
Ending balance (credit) $45,120
3. Allowance for Doubtful Accounts (Ending balance)
3% of net sales = $1,450,000 x 3% = $43,500
8% of receivables = $564,000 x8% = $45,120
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drug trafficking, especially in new drug markets, is sometimes associated with violence and murder because drug supply organizations compete for greater shares of these illicit markets. true false
Drug trafficking, especially in new drug markets, is sometimes associated with violence and murder because drug supply organizations compete for greater shares of these illicit markets. TRUE
Drug trafficking is the illegal transporting of or transacting in managed substances. beneath federal regulation, name 21, segment 841 makes it illegal for any person to knowingly or deliberately “manufacture, distribute, or dispense, or possess with reason to manufacture, distribute, or dispense, a controlled substance.”
Drug trafficking is a worldwide illicit change regarding the cultivation, manufacture, distribution and sale of materials which are challenge to drug prohibition laws.
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