The 2 steps required for using the allowance method are to
The first step make an end-of-period adjustment to record the estimated bad debts and the The second step is to write off specific customer balances when they are known to be uncollectable.Companies normally use one of the two techniques to account for unrecoverable debt: the allowance method and the direct write-off method. The allowance approach anticipates and prepares for a positive quantity of unpaid debt while the direct write-off method deals with the debt only after it hasn't been paid.
The allowance method includes placing apart a reserve for horrific money owed which might be expected in the future. The reserve is primarily based on a percentage of the income generated in a reporting duration, probably adjusted for the risk associated with certain clients.
When it is determined that an account can not be gathered, the receivable balance must be written off. when the unit keeps an allowance for doubtful debts, the write-off reduces the outstanding accounts receivable and is charged in opposition to the allowance – do not record bad debt expenses again.
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Can a database contain two identical records without a negative effect on the integrity of the database? why or why not?
Yes, a database can contain 2 identical records.
Identical records imposing a negative effect on the integrity will depend on whether the database semantics allow duplicates or not.
If the database table doesn't have any defined key or other 'unique' constraints, then we can have multiple identical records. Otherwise, we will not have multiple identical records.
The database might be a list of all transactions for a store, in which case it would be very possible for two people to purchase the same item, causing duplicate records.
Yes, a database can contain two identical records. The database/table structure determines whether identical records break integrity. If the database table does not have a defined key or other "unique" constraint, then it is possible to have multiple identical records, but not vice versa.
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True or False: The closing of this message follows the writing plan for refusing routine requests. True False When delivering bad news to customers, use an indirect strategy as you would with other bad news messages, and maintain a positive tone.
It is a true statement that:
the closing of this message follows the writing plan for refusing routine requests.we should use an indirect strategy as you would with other bad news messages and maintain a positive tone when delivering bad news to customers.What entails the refusal of routine requests?The routine requests would be a form of key points that should be listed in which both the sender and the recipient must acknowledge.
These key points would then serve as a writing plan that would explain why the sender refused such routine requests.
Hence, in this case, it is concluded that internal request is a significant issue to consider carefully in a working environment.
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When the terms of a contract are well understood by each party, yet no words are spoken, such a contract is said to be a(n)_________.
Implied contracts are created by the words and the actions of the parties but is not written or spoken.
What are the rules of implied contract?
It is essential to demonstrate an unambiguous offer, an unambiguous acceptance, a shared desire to be bound, and consideration in order to prove the existence of an implied contract in fact. However, rather than through explicit written or oral agreements, these characteristics may be established by the behavior of the parties.
Why are implied contracts important?
Legal responsibility for an unjustly benefited party to provide restitution to the other party is known as an implied-in-law contract. It is utilized not only in the absence of a contract but also in the event of a complete breach of that contract.
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If price changes happen frequently, customers and consumers can become irritated or confused. an example like this is called a?
An example like this is called a menu cost.
A menu cost is a cost that a firm incurs due to its changing prices. Economists use menu costs when talking about the costs of changing nominal prices in general.
For instance, when a restaurant manager wants to change prices, the cost of changing the menus, in order to show the new prices must be taken into consideration. Thus, the manager will need to assess whether the increase in prices will cover for the cost of printing new menus.
Hence, a company should only consider changing its prices when the menu costs are less than the additional revenues.
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Of digby corporation’s products, which earned the lowest net margin as a percentage of its sales?
Net profit margin: Net profit is internally generated profit from business operations which would be recorded in the balance sheet as retained earnings. This show the earning ratio of the company over sales value.
Net profit margin as a percentage of sales: Net profit margin as a percentage of sales is calculated by dividing net income by net sales. Net profit margin shows the percentage of net income included in net sales.
Step: 1
Determine the net profit margin amount to be considered:
The net profit margin amount to be considered for the product Dr, Da, Di, and De is $15,257; $9,136; $12,485; and $13,136; respectively.
Explanation:
The net profit margin amount to be considered for the product Dr, Da, Di, and De is $15,257; $9,136; $12,485; and $13,136; respectively. This amount has been found by deducting the total variable cost and total period cost from the sales value of each product.
Step: 2
Determine the net profit margin as a percentage of sales as follows: -
C D E - B Net profit margin calculation Particulars Dr Da 4 Sales Value (a) $ 57,231 $ 5 Net profit margin (b) $ 15,257 $ 6 N
Therefore, the net profit margin as a percentage of sales value is 26.7%, 23.0%, 27.7%, and 26.7% for the product Dr, Da, Di, and De, respectively.
Explanation:
The net profit margin as a percentage of sales value has been computed by dividing the net profit margin by the respective sales value for the product Dr, Da, Di, and De.
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One of the reasons why job performance should be defined only in terms of behaviors, and not in terms of results, is that results are __________ group of answer choices
The results are often influenced by reasons that are beyond the employee's control. Performance management is a corporate management tool that assists managers in keeping track of and assessing workers' performance.
Purpose of performance management is to foster an atmosphere where employees may work to their full potential and produce highest-quality work most effectively and efficiently. Employees are seen by performance management in the context of larger workplace system. The reasons of performance standard is what you aim for in theory, but it's thought to be unreachable. Performance management transforms every interaction with an employee into an opportunity to learn.
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In which step of managing a complaint should you restate and cushion the complaint?
Sharing your understanding of client preferences and expectations is a key component of managing touchpoints. Touchpoints are any channels via which customers can communicate with company, including face-to-face interactions, websites, apps, and other forms of communication. Customers have the chance to compare their earlier perceptions of the company and generate an opinion.
When they interact with these touchpoints. Any time customer interacts with your brand, whether it's through an employee, a website, an advertisement, or an app, that interaction is referred to as customer touchpoint. Say, for instance, that a customer views an advertisement for eco-friendly product on social media.
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Economists typically agree that the special protection given to owners of patents tends to?
Economists typically agree that the special protection given to owners of patents tends to increase expenditures on research and development.
A true standard of living will only improve with positive economic growth. - Real living standards can rise even in the absence of positive economic growth. city traffic jam.
Owning private property and protecting property rights is an investment. , promote innovation and, in turn, economic growth. Property rights facilitate the protection of property and facilitate the exchange of property.
The question is incomplete. Please read below to find the missing content.
Question: Economists typically agree that the special protection given to owners of patents tends to-
A.reduce productivity.
B.reduce expenditures on research and development.
C.increase expenditures on research and development.
D.reduce economic growth.
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To initiate a strategic move that allows a firm to open up new and uncontested market space through value innovation, managers must address four key questions when formulating a blue ocean business strategy. These questions focus on Multiple Choice lowering cost and maintaining perceived customer benefits. lowering cost and increasing perceived customer benefits. increasing cost and increasing perceived customer benefits. increasing cost and maintaining perceived customer benefits.
The correct option is: lowering cost and increasing perceived customer benefits. To initiate a strategic move that allows a company to open up new and uncontested market space through value innovation.
What is a value innovation strategy?It corresponds to a strategic planning that institutes organizational actions to achieve market goals, from positively changing consumer perception, creating essential benefits, such as quality, design and lower price than competitors.
Therefore, value innovation is a favorable strategy for organizations to develop innovative marketing aligned with the desires and needs of potential consumers, generating positioning and competitive advantage for the company.
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What two factors determine a stock's total return?
a) bond rates
b) expected return
c) abnormal return
d) unexpected return
Expected return and unexpected return are the two factors to determine a stock's total return. Hence, option B and D are correct.
What is stock's total return?Total return is the amount of value an investor receives from an asset over a specific period of time, often one year, when all distributions have been reinvested. A percentage of the initial investment represents the total return.
The total of the income incorporates all income earned over a specific time period, including interest, capital gains, dividends, and distributions. The amount of an investment's income, often represented as a percentage rate.
Thus, option B and D are correct.
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List the steps in the accounting cycle from beginning to end. Place the first step on top and list them down to the last step on the bottom.
There are 8 important steps in the accounting cycle. These steps are transactions, recording transactions, posting, trial balance, worksheet, adjusting entries, financial statements and closing.
What is the accounting cycle?It is a cycle that helps in recording all the financial transactions of a company. It helps in keeping a record, analyzing data, and reporting the findings. It plays a key role in maintaining the overall efficiency of work. What are 8 steps in the accounting cycle?Transactions: any financial transactions happening in the company start the process. If there are no transactions then there would not be any cycle. Recording transactions: any transactions that have taken place need to be recorded first. This is also called journaling transactions. Posting: all the entries are then posted to a general ledger. All the data can be seen in a summarized form in the GL. Trial Balance: after the end of the accounting period, all the balance is calculated.Worksheet: it is created in order to make sure that the debited balance and the credited balance are equal. Adjusting entries: adjustments are made and they are recorded as some journal entries. Financial statements: Using the correct balance an income statement, cash flow statement and a balance sheet is maintained. Closing: This marks the end of a cycle. The company closes the accounting books and makes a report of the overall cycle.To learn more about accounting cycle visit: https://brainly.com/question/17373928
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Hartley electronics, inc. , in nashville, produces short runs of custom airwave scanners for the defense industry. You have been asked by the owner, janet hartley, to reduce inventory by introducing a kanban system. After several hours of analysis, you develop the following data for scanner connectors used in one work cell. How many kanbans do you need for this connector?.
Hartley electronics, inc., in Nashville, produces short runs of custom airwave scanners for the defense industry. You have been asked by the owner, Janet Hartley, to reduce inventory by introducing a Kanban system. After several hours of analysis, you develop the following data for scanner connectors used in one work cell. 62.4kanbans need this connector.
What do you mean by Kanban?Kanban, which means "sign" in Japanese, is an inventory management technique used in just-in-time (JIT) manufacturing to monitor production and place orders for fresh shipments of components and materials.Taiichi Ohno, an industrial engineer at Toyota, created Kanban, which uses visual cues to motivate the activity required to maintain a process flow.Limiting the accumulation of surplus inventory at any stage along the manufacturing chain is one of the key objectives of Kanban.What are the four Kanban rules?Never distribute faulty goods.Take only what is necessary.Produce the precise amount needed.Production should be leveled, fine-tuned, stabilized, and rationalized.Learn more about Kanban here:
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Sharon works for a cereal manufacturing company. Her company recently built a manufacturing facility in canada and agreed to take 15 percent of the cereal produced as partial payment over a ten-year period. What form of countertrade is her company pursuing?.
Buy-Back is the form of countertrade her company is pursuing.
What is Countertrade?Countertrade is a type of reciprocal international trade in which commodities or services are traded for other goods or services rather than hard cash. This sort of international commerce is more widespread in underdeveloped nations that have restricted access to foreign cash or financing. Countertrade is divided into four types: barter, buy-back, counter purchase, and offset.
Countertrade, in whatever form, allows countries with limited access to liquid capital to exchange commodities and services with other countries. Countertrade is a component of a larger import and export strategy that assures a country with limited local resources has access to necessary commodities and raw materials. Furthermore, it allows the exporting country to provide goods and services in a bigger worldwide market, fostering growth in its sectors.
What is Buy-Back Countertrade?Occurs when a company constructs a facility in a nation or provides the country with technology, equipment, training, or other services in exchange for a percentage of the plant's production as partial payment for the contract.
Therefore, Buy-Back Countertrade is the form of countertrade Sharon's company pursuing.
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Typical broker-dealer fees that must be disclosed as part of a fee disclosure document would include?
Typical broker-dealer fees that must be disclosed as part of a fee disclosure document would include the interest charged by the firm on money owed by customers in their margin accounts.
A "margin account" is a specific kind of brokerage account where your broker-dealer lends you money to buy securities (sometimes referred to as "margin securities") while using the account as security. You might be able to hold a cash account and a margin account simultaneously with some brokerage firms.
A "margin account" is a specific kind of brokerage account where the broker-dealer lends the investor money to buy securities while using the account as collateral. While margin gives investors more purchasing power, it also exposes them to the possibility of bigger losses.
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Construction work is much riskier than working as a server at a restaurant. as a result, we'd expect a difference in wages between the two jobs. the difference is known as:_______
Construction work is much riskier than working as a server at a restaurant. as a result, we'd expect a difference in wages between the two jobs, the difference is known as a compensating differential. Thus, option B is correct.
What is Construction work?Construction is work where people build buildings, apartments, homes, and bridges which includes demolishing, creating, and constructing. A plan is led out for the structure that is to be made.
Compensating differentials is a difference in pay between two jobs. it is often done because there is risk involved, more work to do, or attracting employees. Therefore, option B is the correct option.
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The question is incomplete, the options will be:
a. An efficiency wages.
b. A compensating differential.
c. A wage adjustment.
d. A minimum wage.
Media critics have argued that media monopolies and conglomerates contribute to which problem?
Answer is less diversity of media voices.
Major multinational firms own media stations and channels in various regions. Many media institutions rely on advertising payments to function, which can lead to the media outlet being swayed by diverse corporate interests. At times, ownership interests may have an impact on what is and is not covered.
Stories may become slanted or excluded in order not to anger sponsors or owners. Citizens' ability to make informed judgments is critical for a free and functioning democracy, but it is presently challenged by such concentration of ownership.
Therefore, greater concentration of ownership leads to fewer diversity of media viewpoints, which means that the public is underserved.
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Business intelligence (bi) systems have four standard components called hardware, software, data, and procedures.
a) true
b) false
This is false that Business intelligence (bi) systems have four standard components called hardware, software, data, and procedures.
Business intelligence (BI) is a technology-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions. A sort of software known as "business intelligence," or "BI," can maximize the potential of data within an organization. To help businesses make wise judgments, it provides a better way to compare, sort, and examine data.
The five standard parts of Business intelligence (BI) systems are technology, software, data, processes, and people. a Business intelligence (BI) system's software component is referred to as a BI application.
Business intelligence (BI) assists users in making decisions based on data analysis. Advanced statistics and predictive analytics are used by data scientists to delve into the details of data in order to find patterns and predict new patterns.
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A loan that is paid back in a single lump sum payment at the due date of the loan is commonly called a(n):_______
A loan that is paid back in a single lump sum payment at the due date of the loan is commonly called a balloon loan.
Loans that do not completely amortize throughout their terms are known as balloon loans. A balloon payment is necessary to pay off the loan's remaining principal balance because it hasn't been fully amortized by the time the term is up.
Because they often have lower interest rates than loans with longer maturities, balloon loans might be alluring to short-term borrowers. There is a chance that the loan could reset at a higher interest rate, therefore the borrower must be mindful of refinancing risks.
The loans with balloon payments are mortgages the most frequently. Usually, between five and seven years long, balloon mortgages have short periods.
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What must a manager do to have key managerial skills become a part of their repertoire?
Management abilities can be characterized as certain properties or capacities that an official ought to have in arrange to fulfill particular errands in an organization. They incorporate the capacity to perform official obligations in an organization whereas maintaining a strategic distance from emergency circumstances and expeditiously understanding issues when they happen.
What are the key managerial skills?Communication skills: Strong pioneers communicate effectively with their groups, other commerce pioneers and exterior people such as clients and clients. Since this expertise is so indispensably to great administration, it can be a profitable region to progress as a supervisor.Motivational strategies: Successful supervisors propel individuals of their group to perform to their best potential. Distinguishing and practicing compelling motivational techniques can in this manner give a great opportunity for change and development.Setting and accomplishing goals: Most successful administrators set particular objectives and create measures to attain them. Successful goal-setting could be a ability that regularly creates over time which makes it a important zone for advancement as a supervisor.To know more about managerial skills visit:
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Robert Katz identifies three types of skills that are essential for a successful management process: Technical skills. Conceptual skills. Human or interpersonal management skills.
What do you think are the most important things a manager does is how a manager does these things also important Why or why not?
The most important thing a manager does is motivate employees towards completion of company goals and higher efficiency. How a manager goes about this is also key because there could be room for improvement.
How are managerial skills developed?
Complete Management Training. Beyond your daily work, furthering your education can be an effective way to bolster your management skills.
Through additional training, such as an online management course, you can learn new techniques and tools that enable you to shape organizational processes to your advantage.
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An increasingly important advantage of the limited liability company is that its members?
An increasingly important advantage of the limited liability company is that its members are "able to deduct its operating losses against the member's regular revenue to the extent permitted by law".
What do you mean by limited liability company?
A Limited Liability Company (LLC) is refers to as a type of organization in which the members of that company is not liable for the losses occur in the business. The duties and responsibilities regarding losses are restricted here.
Adding to it, that means if the company fails to pay off its losses or debts to creditors, the personal assets of the members will not be added while paying the debt.
It is an enterprise structure that is the combination of the pass-thru taxation that is related to a partnership or sole proprietorship along with the rules of the company.
The main advantage of this type of company is that the members of that LLC can reduce their all operating losses like travelling, insurance, office supplies, payroll etc.
Moreover, the other benefits of Limited liability company include that this is more flexible than the other corporations and it provides different rights, classes and preferences to their members or managers.
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At a macroeconomic level, the theory of rational expectations points out that if the ______________________ is vertical over time, then people should rationally expect this pattern.
At the macroeconomic level, rational expectations theory states that if the aggregate supply curve is vertical over time, people should reasonably expect this pattern.
Adaptive expectations are predictions about future values of a variable using only past values of the variable. rational expectations exist when future values are predicted using all available information.
Aggregate demand has no effect on wages or prices when aggregate supply is vertical. Causes of inflationary changes in price levels.
The rational expectations hypothesis implies that all parties (firms and employees) can predict and predict long-term economic development.
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Economists use the distinction between private and public goods to determine __________
Economists use the distinction between private and public goods to determine what projects and activities should be undertaken by the government.
In the economy, there are different types of goods among which, public goods are goods which are produced by the government or by nature for the welfare of the people without any cost. On the other hand, private goods are the ones manufactured and sold by private companies to earn a profit.
Economists use this distinction between different goods to allow the government to decide which goods are considered public goods so that the government can channel the funds in order to provide the public goods to the economy.
Hence, both public and private goods have their own importance in the economy.
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If the economy is operating way below capacity, an increase in aggregate demand causes a ________ change in the price level and ________ change in output.
If the economy is operating way below capacity, an increase in aggregate demand causes option(c)i.e, a big change in the price level and a small change in output.
The entire amount of money spent on those goods and services at a particular price point and time is referred to as aggregate demand. All consumer products, capital goods (factories and equipment), exports, imports, and government spending make up aggregate demand.
The reason aggregate demand is important is that it provides economists with a tool for assessing the health of an economy. The overall market for goods produced in an economy during a year is typically estimated by economists. When total demand is high, an economy is robust and can sell a lot of goods.
A rise in overall demand drives economic growth aggregate demand (AD). If the economy has excess capacity, an increase in aggregate demand (AD) will result in a higher level of real GDP.
The complete question is:
If the economy is operating on the relatively vertical segment of the aggregate supply curve, an increase in aggregate demand causes a ________ change in the price level and a ________ change in output.
A) small; small
B) big; big
C) big; small
D) small; big
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Is beyond the firm's capabilities to produce domestically but could be achieved by trading with another country?
Absolute advantage is beyond the firm's capabilities to produce domestically, but could be achieved by trading with another country.
What is Absolute advantage?Adam Smith, an economist from the 18th century, introduced the idea of absolute advantage in his book The Wealth of Nations to explain how nations might profit from trade by specializing in producing and exporting the things that they can manufacture more successfully than other nations.
International trade is the trade where countries import and export the goods to the other countries so that all the countries have some resources.
Thus, it is absolute advantage.
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_____ refers to the process of combining aspects of reporting, data exploration and ad hoc queries, and sophisticated data modeling and analysis.
Business intelligence
Business intelligence enables organizations to use all of their data to make better decisions, regardless of how much data they have or where it is located within the organization. Analysts at an ecommerce company, for example, could use business intelligence tools to better understand their customers and competitors.
What is Business Intelligence?
Business intelligence (BI) refers to the strategies and technologies used by businesses to analyze data and manage business information. Reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking are all common functions of business intelligence technologies.
How to develop a business intelligence strategy?
A BI strategy is your road map to success. In the early stages, you'll need to decide how data will be used, identify key roles, and define responsibilities. It may appear simple on the surface, but starting with business goals is the key to success.
How to build a business intelligence strategy from the ground up?
Understand your company's strategy and objectives.Determine key stakeholders.Select a sponsor from among your key stakeholders.Select a BI platform and tools.Form a BI team.Define your domain.Make plans for your data infrastructure.Define your objectives and road map.Learn more about business intelligence:
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According to follett, in _______, neither side gets exactly everything it wants, and the best each side can do is obtain a result that each can agree too.
According to follett, in a compromise neither side gets exactly everything it wants, and the best each side can do is obtain a result that each can agree too. Through its subsidiaries, the Westchester, Illinois-based Follett Corporation offers a range of educational products to schools, colleges, and public libraries.
The Charles M. Barnes established a secondhand bookshop in his Wheaton, Illinois, home in 1873, and that is how Follett Corporation was born. Three years later, Barnes relocated his company to Chicago and changed its name to C. M. Barnes & Company before setting up shop at 23 the LaSalle Street.
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Allen agrees to paint Carolyn's house for $5,000. Two days after he starts the job, he decides that $5,000 isn't enough money. He refuses to finish the job, unless Carolyn agrees to pay him $1,000 more. Carolyn later refuses to pay the $1,000 and Allen sues. Will he win
No, if Carolyn later refuses to pay the $1,000 and Allen sues. Allen will not win.
Legal caseAndrew will not will the case in a situation were he sue Carolyn's.
The reason why will not will the case is that Allen has already be obligated to paint Carolyn's house and he gives no extra consideration in return for Carolyn's promise to pay more or additional money.
Therefore based on the given scenario, if Carolyn later refuses to pay the $1,000 and Allen sues. Allen will not win.
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Which type of office building generally has the latest amenities, best location and commands the highest rent?
Class A type of office building generally has the latest amenities, best location and commands the highest rent.
What types of class office buildings?Office buildings in commercial real estate are normally classified as either class A, class B, or class C. Different levels of cost, quality, and facilities are indicated by each category. A, B, and C designations are arbitrary, nevertheless, due to the wide regional variations in real estate quality.
What is Class A office space?These "most notable buildings" are "competing for premier office users with rents above average for the area" because they have "clear market presence" and are "most famous buildings." Buildings in Class A are frequently rather massive. and have a prominent location with excellent accessibility.
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As an agent to a condo board, john has the power to hire and/or fire employees. this suggests that john is what type of agent?
An agent , john has the power to hire and fire employees suggests that john is a general agent.
A general agent basically has the power to transact all the legal instructions of the business trusted by the principal performing all the duties assigned to him in a specified area related with the employees.
It is a manager who sees all the legal bindings in terms of hire and firing and staffing issues on an ongoing basis in an organisation on board.
Using of agent approach of dismiss and engage employees according to favourable terms and conditions of employees.
Appointment and removal, employ and removal , are the duties and fixing the compensation of agents, and employees.
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Using the value-to-book version of the residual income valuation approach, the value-to-book ratio is determined as________.
Using the value-to-book version of the residual income valuation approach, the value-to-book ratio is determined as one plus the present value of future residual ROCE.
Residual income is the earnings an individual has left in spite of everything private debts and prices are paid in personal finance. Residual earnings are the extent used to assist determine the creditworthiness of an ability borrower.
Basically, it's for the amount of cash that is left over after making the important bills. Residual income is a crucial metric because it is one of the figures that banks and lenders observe earlier than approving loans.
In monetary surroundings, residual earnings are the money that someone has left over after their charges are included every month. Passive earnings, but, nevertheless has the identical definition in a financial environment that it does in online commercial enterprise surroundings.
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