It includes credit to Allowance for Doubtful Accounts
debit to Bad Debt Expense
Adjusting entries are the modifications to the previously recorded journal entries. They specifically ensure that the values you have recorded correspond to the relevant accounting periods. Journal entries show how money flows through the business how it enters, exits, and transfers between accounts.
A bad debts expenditure item is also required to balance the accounts. To do so, debit the Bad Debts Expenditure account to boost the bad debts expense. Then, credit the Allowance for Doubtful Accounts account to reduce your ADA account.
Therefore, the answer is credit allowance for doubtful debts and debit bad debt expenses.
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What strategies did the lifeguard use to try to get the patron to understand the importance of clearing the pool?
Most important strategies of lifeguard is tracking activities in and near the water through customer surveillance.
Stopping injuries by way of minimizing or doing away with risky conditions or behaviors. imposing facility policies and policies and educating buyers about them. Purchasers need to know about the risks that could purpose harm. behaviors that lead to damage. shoppers can be surprising with facility capabilities, or be so excited that they do no longer study symptoms or take note of guidelines.
The lifeguard has a whistle to alert the ones concerned. In worst instances, lifeguards alert co-workers and emergency rescue when a person is severe injured or is going below water.
The number one obligation as a lifeguard is to save you drowning and other accidents from occurring. candidates need to be able to make sure the protection of consumers by minimizing or getting rid of unsafe conditions or behaviors.
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When two goods are complementary goods, a change in the price of one will cause a change in the demand for the other in the ________ direction.
When two goods are complementary goods, a change in the price of one will cause a change in the demand for the other in the opposite direction. Complementary goods are goods which used together. In this type of goods, if price of one increases then demand for other decreases and if price of one decreases then demand for other increases.
For example:- Milk and coffee are complementary goods. If price of milk increases then demand for coffee will decreases in the market. So, it clearly shows that price change for one good leads to change in demand for other good in opposite direction in the case of complementary goods.
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When two goods are complementary goods, a change in the price of one will cause a change in the demand for the other in the opposite direction.
A complementary good is a good which adds value to another or a good that cannot be used without each other. Complementary goods are known to have a strong relationship as they cannot be used without each other.
When the price for one complementary good goes up, the demand goes down for the other good in the opposite direction. Complementary goods also shift the demand curve.
Hence, a change in the price of one complementary good will cause a change in the demand for the other in the opposite direction.
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The document that shows the levels of management and formal lines of authority is a(n) _____.
The tiers of control and formal traces of authority are a(n) organizational chart.
“Control” is the method of working with and thru others to successfully acquire the goals of the organization, through correctly the usage of restricted resources in the changing international. It allows for reaching organizational goals - It arranges the elements of manufacturing, assembles and organizes the assets, and integrates the assets in an effective way to achieve goals. It directs group efforts towards the fulfillment of pre-determined dreams.
Management Is a wonderful process which includes making plans, organizing, actuating and controlling; utilizing each science and art, and followed so as to accomplish pre-decided targets."
An organizational chart shows the internal shape of an organization or organization. The personnel and positions are represented by packing containers or other shapes, every so often along with photos, contact statistics, e-mail and page hyperlinks, icons, and illustrations. instantly or elbowed lines link the levels collectively.
An organizational chart ought to visually show the hierarchical repute of a selected worker relative to different people inside the enterprise. as an example, an assistant director will continuously fall without delay underneath a director on the chart, indicating that the former reviews the latter.
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Your textbook notes a new form of policy experiment that would provide everyone with a guaranteed income called.
Your textbook notes a new form of policy experiment that would provide everyone with a guaranteed income called Universal Basic Income.
What is a Universal Basic Income (UBI)?UBI is a government scheme in which every adult citizen receives a set amount of money on a regular basis. A basic income system's aims are to reduce poverty and to replace existing need-based social programs that may require more bureaucratic engagement. The concept of universal basic income has gained traction in the United States as automation replaces labor in manufacturing and other sectors of the economy. A recent two-year experiment in Finland in which universal basic income essentially replaced unemployment benefits found that UBI users were no more likely than the control group to obtain new work.To learn more about Universal Basic Income from the given link
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The __________________ is the relationship between the number of inputs (such as units of labor) that a firm uses and the resulting units of output (such as quantity of widgets produced).
The Production function is the relationship between the number of inputs that a firm uses and the resulting units of output .
Production function --
A production function shows the output or total product as more of the variable input in our case labor is added. the function shows the regions of increasingly marginal product, decreasing marginal product and negative marginal product.
In economies , equation that expresses the relationship between the quantities of productive factors used and the amount of product obtained.Production function helps in making short term decisions, such as optimum level of output. Helps in making long term decisions, such as deciding the productive level. Helps in calculating the least cost combination of various factors inputs at a given level of output.
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What do most buyers who see a newspaper ad that interests them do about it? drive by the property. call your office. check out your internet site. visit your office.
Most buyers who see a newspaper ad that interests them and (B) call your office.
Who are the buyers?Buyers are the focal point of the market, and all actions are carried out to their pleasure. It is a crucial part of the market. A buyer refers to a person or organization that purchases products or services.According to the study's findings, advertising in newspapers enhances total campaign efficacy and even helps other media become more effective. Newspaper advertising increased the effectiveness of internet display advertisements by four times and television campaigns by two times.Most buyers will call your office after seeing an ad in the media that piques their attention.Therefore, most buyers who see a newspaper ad that interests them and (B) call your office.
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The question you are looking for is given here:
Most buyers who see a newspaper ad that interests them:
A. Drive by the property.
B. Call your office.
C. Check out your Internet site.
D. Visit your office
Contribution margin ______.
i. equals sales
ii. minus fixed expenses
iii. covers fixed cost and profit is first used to cover variable expenses
Contribution margin covers fixed cost and profit is first used to cover variable expenses.
The contribution margin refers to sales revenue minus variable expenses. So if the sales revenue doubles, it will lead to the increase in variable costs. Contribution margin shows the aggregate amount of revenue which is available after variable costs, to cover fixed expenses and provide profit to a business.
The amount of money a business has to cover its fixed costs and contribute to net profit or loss after paying variable costs is known as contribution margin. Thus, it also measures whether a product is generating enough revenue to pay for fixed costs and determines the profit generated by it.
Hence, option C is correct.
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What is a specific set of organizational practices, policies, and programs, plus a philosophy that actively supports efforts to help employees achieve success at both work and home considered?
The specific set of organizational practices, policies, and programs, plus a philosophy that actively supports efforts to help employees achieve success at both work and home considered is -work-life effectiveness. This is further explained below.
What is organizational practices?Generally, An organizational practice is the habitual application of knowledge inside an organization for the purpose of carrying out a certain function. This application of knowledge has developed over the course of time as a result of the history, people, interests, and activities of the organization.
In conclusion, The precise combination of corporate practices, policies, and programs, plus a mindset that actively supports efforts to assist individuals to achieve success at both work and home regarded called -work-life effectiveness.
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At the completion of a long project, aileen gives her assistant a day off with pay to acknowledge all of his hard work. This is an example of ______ power.
At the completion of a long project, aileen gives her assistant a day off with pay to acknowledge all of his hard work. This is an example of reward power.
What is reward?The reward system is a collection of brain structures that are responsible for incentive salience, associative learning, and positively-valenced emotions, particularly those that have pleasure as a key component.
When it comes to benefits and incentives, rewarding employees is one of the most effective strategies to increase retention and employee happiness. According to Think Smart research, firms that use incentive programs achieve their goals with a 79 percent success rate when the right reward is presented.
78 percent of employees said recognition stimulates them in their job, while a combined 68 percent of respondents in REBA's The Rewards Report 2016 indicated recognition with a reward helped them feel valued or motivated at work.
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The inventory is added to the inventory records after three documents are reconciled. One of those documents is the?
The inventory is added to the inventory records after three documents are reconciled. One of those documents is the receiving report.
To record the contents of a delivery to a firm, a receiving report is employed. The employees of the company accepting the delivered items fill out the form. On a receiving report, the following details are often present: the moment the delivery was received, in both time and date.
Receiving reports typically have a heading with the name of the business, its address, the date, and a receiving report number. The date received, FOB terms, shipping company, and a list of the received goods are all included in a receiving report.
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An informal laundering system known as _______ is similar to the modern practice of ""wiring money"" and was primarily used in south asia prior to the introduction of western banking.
An informal laundering system known as smurfing is similar to the modern practice of ""wiring money"" and was primarily used in south Asia prior to the introduction of western banking.
A Smurf is a money launderer who seeks to steer clear of scrutiny from government groups by breaking apart a transaction related to a big amount of cash into smaller transactions below the reporting threshold if you want to no longer be detected. similarly studying: Prevention of cash Laundering Act. Indian Polity Notes For united states.
Smurfing is a money-laundering approach regarding the structuring of massive amounts of coins into a couple of small transactions. Smurfs often unfold those small transactions over many distinct money owed, to maintain them under regulatory reporting limits and avoid detection.
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How to find the monthly growth rate of sales that can be sustained without access to external capital?
Growth rate of sales= present-past\past.
Growth rate:
A growth rate is determined differently for each business, but it essentially serves as a gauge for how quickly a firm is expanding, contracting, or meeting its objectives. It is the best gauge of how well a company (or nonprofit, or mission) is doing.Sustainable Growth Rate (SGR) = Retention Rate× Return on EquityA crucial statistic for determining how well your organization is doing is growth month over month. Subtract the first month from the second month, then divide the result by the amount for the previous month to determine the month-over-month growth. The result is multiplied by 100 to yield a percentage.The maximum sales growth that a company can experience without needing more debt or equity financing is known as the sustainable growth rate.Learn more about growth rate here brainly.com/question/25849702
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A budget provides a means of allocating resources among competing uses.
a. True
b. False
A budget provides a means of allocating resources among competing uses. This statement is true.
A budget is a detailed plan which shows the financial consequences of operating activities of an organization for a specific future period. A budget acts as a financial model which summarizes the future operations.
Budgets are generally viewed as a core component of planning and control system of an organization.
The budget is defined as formal quantitative expression of the goals of management. The act of making a budget is called budgeting. When the budgets are used to assist management in the controlling process is called budgetary control.
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True or false: an efficient market absorbs new information immediately, thereby making it very difficult to detect undervalued stocks and to beat the market consistently.
The given statement " an efficient market absorbs new information immediately, thereby making it very difficult to detect undervalued stocks and to beat the market consistently" is true.
Because an efficient market absorbs new information immediately, thereby making it very difficult to detect undervalued stocks and to beat the market.
Market refers to the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another.
Information is stimuli that has meaning in some context for its receiver. When information is entered into and stored in a computer
Stocks are shares in the ownership of a company, or investments on which a fixed amount of interest will be paid.
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The risk for firms that follow the unrelated diversification strategy in developed economies is that:_____.
The risk for firms that follow the unrelated diversification strategy in developed economies is that During recessions, external investors frequently sell their conglomerate stock. Business risk is the potential for a firm or organization to have lower earnings or failure. A business risk is anything that compromises a company's capacity to meet its financial objectives.
Numerous variables may combine to produce firms risk. Damage from fire, flood, or other natural disasters are a few examples of hazards with uncertainty as their basis. sudden financial loss brought on by a recession or the failure of another company that owes you money.
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Which action should a team leader take when evaluating the strengths of a team member?
The action should a team leader take when evaluating the strengths of a team member are:-
Pay attention to failures and successes. Determine where the overall team succeeded or failed, and which members of the team took responsibility for each. When we look at each member's weaknesses and strengths, we have to look at the success of the team as a whole before looking at their individual performance.Informally, you can assess a team member's strengths through guided reflection, interviews, or observing them as they work to solve problems. Alternatively, use formal assessment methods such as StrengthsQuest or strengths-based surveys.
Effective team members are not just doing what they're asked to do, they're making the team better by contributing creatively to solving problems, and by showing interest and insight into problem-solving. A person who can A risk that aids in identification or simply provokes a positive attitude.
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The amount of risk a company is willing to accept in orders to achieve its goals and objectives is:_________
The amount of risk a company is willing to accept in order to achieve its goals and objectives is risk assessment risk appetite residual risk inherent risk.
The Steering Committee is well-placed to determine the company's risk appetite, as it draws representation from senior management.
Risk is defined by COSO as "the likelihood that an event will occur and affect the achievement of strategic and business objectives." Risks considered in this definition include those associated with all business objectives, including compliance.
Enterprise Risk Management (ERM) encompasses the methods and willing processes an organization uses to manage risks and seize opportunities related to achieving objectives. risk monitoring. Board oversight of risk management frameworks and processes.
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Why are foreign mnes like ups seeking to invest in india?
The foreign MNC's like UPS seeking to invest in India because of the country's market potential, skilled workforce and political stability.
The foreign MNCs are investing in India because of cheaper production costs. India is a critical growth market for logistics giant United Parcels Service (UPS) as it aims to provide the predictable and reliable service to B2B domestic market through its new venture called MOVIN.
India's market potential, skilled workforce and political stability are the three key reasons that make India the favored destination for foreign investment. When compared to other countries India is a relatively cheaper place to conduct business.
Hence, these reasons attracts foreign investors towards India.
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Profit-maximizing firms enter a competitive market when existing firms in that market have.
For businesses to be profitable, there are numerous avenues to take. In completely competitive markets where profit-maximizing enterprises are making a profit, new businesses will enter the market.
What is Perfectly competitive market?Perfect competition occurs when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit without any restrictions, consumers have complete or perfect information, and businesses are unable to set prices.
Simply expressed, profit maximization is the process that businesses use to determine the prices, inputs, and output levels that typically result in the most profit. This process can be short-term or long-term.
The marginal revenue must equal the marginal cost (MR=MC) for businesses to maximize profits in a fully competitive market. The revenue curve's slope, known as MR, is typically equal to the slopes of the demand and price curves (P).
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Automobile manufacturers such as ford and general motors often use ________ distribution, such that dealers act as retailers.
Automobile manufacturers such as ford and general motors often use indirect distribution, such that dealers act as retailers.
What is Indirect Distribution?Indirect Distribution is a method of distribution used by a manufacturer that involves one or more third parties (intermediaries) who assist in delivering goods to consumers. Third-party providers typically include exporters, importers, wholesalers, and retailers. Retailers obviously sell the manufacturer's products, but they may also sell the products of competitors. As a result, as a manufacturer, you have little to no control over what other products are sold in stores.
What is a Distribution Strategy?A distribution strategy is a method of getting products or services to customers. Choosing the most efficient distribution method for your company is critical to increasing revenue and retaining customer loyalty. To cater to different consumer bases, some businesses choose to use multiple distribution methods. For example, if you're selling a leather futon and want to target people aged 60 and up, you might choose to sell products directly through a catalog. You may decide to sell products indirectly to a younger customer base by partnering with a retailer such as Walmart.
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In the united states, employee salaries are increasingly based on ______________ rather than internal job evaluation.
In the united states, employee salaries are increasingly based on market pricing rather than internal job evaluation.
Job evaluation is the process of determining how much remuneration to assign to a job is called a job evaluation. In order to assess the compensation range, the pay scale for relevant positions, and the benefits that are suitable for a particular employment, internal and external data must be used.
A job evaluation assesses the position without taking the person in that position into account, whereas a performance appraisal evaluates the individual. Examples of typical job evaluations include single-position evaluations for newly formed positions, job reevaluations to increase salaries' competitiveness or equity, and company-wide job evaluations to redesign the entire compensation scheme.
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Lucas wants to buy a used car that will cost $. how much will his monthly payment be if he puts $ down and finances the remainder at or two years? his monthly payment will be $ nothing
The monthly payment of loan is $134.26.
What is loan?A loan is the lending of money by one or more persons, organizations, or other entities to other individuals, organizations, or other entities in finance. The recipient incurs a debt and is typically required to pay interest on that loan until it is repaid, in addition to repaying the primary amount borrowed.
A loan is a sum of money borrowed from a lender by an individual or company. It is divided into three categories: unsecured and secured loans, conventional loans, and open-end and closed-end loans.
A loan is defined as an agreement to lend money with interest and a repayment plan. A loan is an agreement to lend you money to help you buy a house.
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A buyer has the right to buy a property at an agreed price within the next six months. This is a(n)?
An option contract is when a buyer has the right to buy a property at an agreed price within the next six months or within the stated time period.
A real estate option contract is, in its most basic sense, a specially created contract that only exists between the seller and the buyer. In this contract, the seller grants the buyer the option to acquire the property at a set price and within a specified time frame.
To put it another way, an option contract is a specific contract that grants a buyer the sole right to buy a certain piece of real estate. What about this arrangement most interests you? Once this option is active, the seller of the property is prohibited from making any other offers on it until the predetermined time period has passed.
Under an option contract, the buyer has the choice to buy the property, but they are in no way required to do so.
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A school wants 2 chaperones for every 25 students on a field trip. There are 100 students going on the field trip. How many chaperones does the school need?
Answer:
8
Explanation:
100/25=4
4x2=8
When all or a portion of an account receivable is determined to be uncollectible, what occurs?
Account receivable is reduced
Allowance account is reduced
What are uncollectible accounts receivable?
The portion of credit sales in accounts receivable that the business does not anticipate collecting from a customer is referred to as uncollectible accounts receivable. On a company's balance sheet, accounts receivable are valued using the concept of uncollectible accounts.
How are uncollectible accounts recorded?
According to the allowance approach, a debit is made to Allowance for Uncollectible Accounts and a credit is made to both Accounts Receivable and the customer's account in the subsidiary ledger when an account proves to be uncollectible.
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Suppose the u.s. economy faces a $1,000 million recessionary gap and mpc is 0.8. what fiscal policy will close the recessionary gap?
Expansionary fiscal policy contains tax cuts, transfer payments and expanded government spending on projects such as infrastructure advancements.
Expansionary fiscal policyExpansionary fiscal policy is most suitable when an economy is in slump and growing below its potential GDP.However, expansionary fiscal policy can result in increasing interest rates, growing trade debts, and accelerating inflation, particularly if applied during beneficial economic developments.
These side impacts from expansionary fiscal policy tend to partly offset its stimulative effects. It seeks to spur economic activity by arranging more money into the hands of consumers and businesses. It's one of the major forms governments reply to compacting in the business cycle and prevent economic recessions.
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When inventories increase during the period, income under variable costing will be ______ under absorption costing.
When inventories increase during the period, income under variable costing will be "less than" under absorption costing.
What is variable costing?Some features of variable costing are-
In managerial & cost accounting, the notion of variable costing refers to the exclusion of fixed manufacturing overhead from the brand of production. The approach stands in contrast to absorption costing, which allocates the fixed production costs to the output of products. Variable costing is not allowed to be utilized in financial reporting under accounting standards like IFRS and GAAP.What is under absorption costing?Some key features of under absorption costing are-
Anything that comprises a direct cost of creating a good is included in the cost base through absorption costing. Fixed overhead costs are also accounted for in the product costs by absorption costing. Wages paid to those who actually make the product, all raw materials required to make it, and all overhead expenditures including all utility bills) incurred during production are only a few of the costs involved in product manufacturing.To know more about Variable costing, here
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name an internal data source that can be used for planning
Answer:
Sales. Internal data in the sales department include revenue, profits, and bottom line. ...
Finance. ...
Marketing. ...
Human Resource.
What term describes information that forensic specialists use to support or interpret real or documentary evidence?
The term internet forensics refers to information that forensic specialists use to support or interpret real or documentary evidence.
What is internet forensics?The investigation of criminal activities committed on the Internet. It analyzes email and Web page origins, contents, patterns, and transmission channels, as well as browser history and Web server scripts and header messages.
The following are some of the most common types:
Forensics of databases. The investigation of data and related metadata included in databases.
Email forensics, malware forensics, memory forensics, mobile forensics, and network forensics are all available.
The study of digital data obtained as evidence in criminal proceedings is known as computer forensics, sometimes known as cyber forensics or digital forensics. Computer forensics are used by law enforcement agencies and private companies to track, find, and extract digital material needed for criminal investigations.
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melanie is currently enrolled in an hmo mapd, and she is talking to sales agent brenda about enrolling in a medicare supplement insurance plan. what should brenda tell melanie
Brenda should tell Melanie that "Enrolling in a Medicare Supplement Insurance Plan does not automatically disenroll you from your HMO MAPD (Medicare Advantage Prescription Drug) plan.
It's crucial to remember that you cannot have a Medicare Advantage plan and a Medicare Supplement Insurance Plan at the same time. Your current HMO MAPD plan would need to be canceled if you choose to sign up for a Medicare Supplement plan.
Prior to making any decisions regarding altering your Medicare coverage, it is advised to carefully compare the coverage, advantages, and costs of both options.
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