The allowance method is a method of accounting that decreases net accounts receivable for estimated bad debts.
With the allowance strategy, a reserve is set aside for any future bad debts. A percentage of the sales made during a reporting period is used to compute the reserve, with the percentage of sales possibly being adjusted for customer risk.
The allowance method can be applied in any or both of the following ways: focusing on the income statement's essential bad debt expenditure. focusing on the necessary sum for the provision for dubious accounts (which will be reported on the balance sheet)
Using the allowance strategy, businesses can collect the otherwise uncollectible debt or receivable, which also helps them determine the debt risk at the time of the first purchase.
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which of the following scenarios would result in a decrease in aggregate demand? group of answer choices the congress passes a new income tax cut. a rise in imports from europe technology improvements lead to productivity gains a decline in investors confidence causes investment to fall.
When investor confidence drops, investment will decrease, which will cause aggregate demand to fall.
Investors often buy less expensive products and put off getting a new automobile when their confidence is low. The economy will also slow down if consumer spending declines over an extended period of time. A weak stock market, however, also has an impact on corporate investment.
Savings may increase when consumer confidence declines. When consumer confidence returns, they could buy the products they had put off buying with their savings. a postponed investment. Similar to how businesses may hold off on investments when confidence is low.
When overall consumer spending drops, the aggregate demand curve often moves to the left. Because of growing living expenses or higher government taxes, consumers may spend less. If consumers anticipate price increases in the future, they may opt to spend less and save more.
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Scientific management’s focus was based on what?
a. Improving efficiency
b. Using knowledge, fairness, and logical rules and procedures.
c. On how and what managers should do in their jobs
d. The employee’s humanistic needs
Scientific management’s focus was based on: A. improving efficiency.
What is a scientific method?A scientific method can be defined as the various techniques that are adopted by scientists or researchers to observe, investigate, examine and study a particular thing while giving explanations on the basis of the evidence, theory, proof, hypothesis, or factual information (premises) they derived from the research work.
This ultimately implies that, scientists or researchers who make use of the scientific method would have to make predictions from a hypothesis through deductive logic.
In Business management, scientific management help managers to analyze and synthesize workflows in a business organization. Therefore, the main focus of scientific management is to improve economic efficiency such as labor productivity.
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opening story - what does the expansion of maquiladoras illustrate about the interacon between economic, polical, and environmental forces when considering problems in environmental science?
The expansion of maquiladoras illustrates the majority of revenues are moved to other countries, causing a host of environmental issues.
The majority of the earnings are transported to other nations, which causes a slew of environmental problems (exposure to chemicals and trash causes contamination of ground/surface water, and floods, which spreads the waste around). Furthermore, pregnant women who wish to work are frequently examined, and if they get pregnant, they may be dismissed. There are also low-wage laborers and minors.
1. NAFTA (North American Free Trade Agreement) was assisting in the removal of trade and investment obstacles between Canada, Mexico, and the United States. NAFTA, which went into effect on January 1, 1994, resulted in the rapid elimination of tariffs more on than one-third of US exports to Mexico and one among Mexican exports to the US.
3. While NAFTA originally aided Mexico in attracting more private investment, it subsequently failed to produce jobs.
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ind the payment made by the ordinary annuity with the given present value. $; quarterly payments for years; interest rate is %, compounded quarterly
The interest rate percent compounded quarterly is 3662.50.
Interest accrues quarterly, that is four times a year. The interest paid by the bank is 5%. To find the nominal interest rate, divide 5 by 100 to get 0.05. If interest is compounded quarterly, there are four conversion periods in a year and the quarterly rate is 1/4 of the annual rate. Quarterly Compound Interest can be viewed as a quarterly investment in the amount of interest earned on your account.
Where the interest earned is also reinvested. It also helps when calculating fixed deposit income as most banks provide interest income on deposits compounded quarterly. Suppose he invests $1 million in a bond product and pays 6% interest. The monthly interest rate is calculated as the principal multiplied by 1 plus the interest rate and the multiple periods divided by the number of periods.
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Write down the four benefits received by buyers that help to create customer value.
On-time delivery, quality, convenience, before-sale and after-sale service are the four benefits received by buyers that help to create customer value.
Client value models are based on evaluations of the expenses and advantages of a specific market product in a specific customer application. Customer value models might be challenging to create depending on the situation. But the experiences of suppliers who have successfully constructed and used them indicate a few suggestions that, in our opinion, will be helpful to any business trying to define and quantify value for its customers value. Someone who buys assets is referred to as a buyers. Buyers typically collaborate closely with designers and the sales agents they have been assigned, and they go to trade events, wholesale showrooms, and fashion shows to watch trends. They could work for big department stores, big chains, or little boutiques.
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If more states legalize recreational marijuana, what is the likely effect on the supply of marijuana?.
It would increase as the risk of prosecution falls.
Since it is now legal to grow marijuana in many places, more businesses will want to do so without worrying about facing legal repercussions. As a result, supply will rise.
What is Marijuana?
Marijuana, also known as weed, herb, pot, grass, bud, ganja, Mary Jane, and many more colloquial names for dried Cannabis sativa flowers, is a greenish-gray combination. Some people choose to consume their marijuana as joints, pipes, water pipes (also known as bongs), or blunts (marijuana rolled in cigar wraps).
Additionally, marijuana may be used to make tea, and it's regularly combined with sweets like brownies, cookies, or candies, especially when it's marketed or used as medicine. Additionally, the usage of vaporizers to ingest marijuana is growing. Stronger varieties of marijuana include sinsemilla (from particularly managed female plants) and concentrated resins with high concentrations of the drug's active components, such as waxy budder, hard amber-like shatter, and hash oil that resembles honey.
These resins are becoming more and more well-liked among those who use them for recreational and therapeutic purposes.
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if+the+price+of+peanut+butter+increases+by+25%,+causing+the+quantity+demanded+of+almond+butter+to+rise+by+5%,+then+the+cross-price+elasticity+for+peanut+butter+and+almond+butter+is:
The cross-price elasticity for peanut butter and almond butter is 0.2 if a 25% increase in the price of peanut butter causes the quantity demand for almond butter to rise by 5%.
Cross-price elasticity is a term used to describe how sensitive the demand for a product is in relation to a change in the price of a corresponding product price.
The cross-price elasticity for peanut butter and almond butter can be determined by using the following formula;
cross-price elasticity = percent change in quantity of good A ÷ percent change in the price of good B
Here good A can be considered to be almond butter and good B can be considered to be peanut butter.
Now substituting the given values in the equation;
cross-price elasticity = 5% ÷ 25%
cross-price elasticity = 0.2
Therefore, the cross-price elasticity for peanut butter and almond butter is calculated to be 0.2
The correct way to write this question would be;
If the price of peanut butter increases by 25%, causing the quantity demand of almond butter to rise by 5%, then the cross-price elasticity for peanut butter and almond butter is?
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lindsey is responsible for planning the monthly coupon booklet for her company. the booklet is distributed to customers when they walk into a store so they can take advantage of cost savings as they shop. lindsey is an example of a(n) manager.
They can take advantage of cost savings as they shop. lindsey is an example of a production manager.
What is cost saving?
It is essential to define the two terms which make up the term "cost savings" before attempting to define cost savings. Cost is the sum of money needed to buy something or perform an action. Savings, on the other hand, refers to a decrease in the amount of money, time, or even other resources used. Therefore, in economics, the term "cost savings" refers to a group of procedures and practises that a business may implement to lower the actual or anticipated cost of operations. All actions taken to lower the cost of a specific good or service are referred to as cost savings. The company's final loss and profit accounts are significantly impacted by cost-saving initiatives.
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intuit has avoided disruption in the shift away from packaged software by developing products that leverage cloud computing, some of which are initially provided for free.
a. True
b. False
It is true that Intuit had avoided disruption by shifting away from packaged software by developing products that leverage cloud computing.
Intuit is a software development company that excels in financial software and is based in California, United States. Some software of Intuit is Credit Karma, Quickbooks, and so on.
Cloud computing refers to the process of having the availability of various computer software, analyses, service, storage, networking, and databases, in a single place that is actively managed by the user.
Intuit has shifted to cloud computing software as they are more stable and in demand in recent days. The initial storage space of the cloud is provided for free. To get extra space, the users need to apply for a subscription.
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an expenditure over which you have no control, are obligated to make, and is generally at a constant level each month is called a ________ expenditure.
An expenditure over which you have no control, are obligated to make, and is generally at a constant level each month is called a fixed expenditure.
Any financial outflow that is the same regardless of activity level is referred to as a "fixed expenditure. No matter how many people attend the event, a fixed expense is one that must be made. It is still seen as a fixed expense since you still need to acquire things like programs before you know how many people will be there. This contrasts with a variable expense, which varies proportionately with variations in activity. Despite the fact that there are several varieties of fixed expenses, understanding a few standard varieties will serve as a useful introduction to fundamental cost analysis.
Rent, mortgage payments, and auto payments are examples of fixed costs that typically cost the same amount each month, whereas variable expenses fluctuate from month to month (medical expenses, groceries, or anything from a store).
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furniture retailer ikea has used the value innovation framework of ______ to successfully implement a blue ocean strategy.
Furniture retailer IKEA has used the value innovation framework of eliminate-reduce-raise-create to successfully implement a blue ocean strategy.
The goal of the blue ocean strategy is to enable your company can achieve undisputed market space besides competing, closely affiliated businesses. The term "blue oceans" is employed to represent these new fields in opposition to the gory "red oceans" that are seething with violent competition.
The pursuit of quality products differentiation and minimal cost while disregarding the competition is described as the "blue ocean strategy." The blue ocean strategy advises making small modifications to your items in order to enter their own marketplace with cheap costs and also no rivals.
Blue ocean strategy has enabled many domestic companies in achieving their current condition, yet the approach could be hazardous.
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What combines qualitative and quantitative research and analytics methods to address marketing problems?.
The combination of qualitative and quantitative research and analytics methods to address marketing problems is called Hybrid research.
What is qualitative research?While qualitative research focuses on words and their meanings, quantitative research deals with figures and data.
You can systematically measure variables and test hypotheses using quantitative methods. You can learn more about ideas and experiences using qualitative methods.
Thus, in order to find the best solution, hybrid research combines two market research methodologies, such as qualitative and quantitative methods or a combination of both.
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what are the flows typically found in a supply chain?
The three main flows in supply chain management are the product flow, the information flow, and the money flow.
Definition of supply chain management
Supply chain management (SCM), which includes the corporate responsibilities of purchasing, operations, inventory management and storage, customer service, and logistics, has evolved into "a highly sophisticated, technology-dependent, and collaborative discipline" (source). Professionals in supply chain management concentrate on controlling the movement of products, information, and money while exceeding customer expectations and minimizing expenses to the bare minimum.
Three layers of decisions are involved in supply chain management: strategic, tactical, and operational. Long-term choices involving site, manufacturing, inventory, and transportation are referred to as strategic decisions. Weekly demand predictions, distribution and transportation planning, production planning, and material requirement planning are all examples of medium-term decisions that are part of the tactical process.
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select all that apply on november 1, eli co. received a $6,000, 60-day, 6% note from a customer as payment on his $6,000 account. eli's journal entry to record this transaction on november 1, would include a: (check all that apply.) multiple select question. debit to accounts receivable for $6,060. credit to notes receivable for $6,060. credit to accounts receivable for $6,000. debit to notes receivable for $6,000.
The correct journal entry will be Credit to Accounts Receivable for $6,000. Debit to Notes Receivable for $6,000.
A journal entry is the record of the financial transaction of a business in its financial books. The transactions of a business are recorded in a journal, which indicates the debit and credit balances. These specific entries can help in the authentication of transactions and also helps to know if they are supported with bills.
Notes Receivable A/c Dr. $6,000.
To Accounts Receivable A/c $6,000.
( Being the payment of note to account)
Eli Co. must document the likely cash inflow and outflow in the account document for the supplied report. The amount the business got is recorded as a credit to its account, while the amount that it will repay the lender is registered as a debit. Later, the debit will be paid.
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identify the statements below which are correct regarding a merchandiser's multi-step income statement.
a. Cost of goods sold is subtracted from net sales in order to determine gross profit.
b. Expenses are subtracted from gross profit in order to calculate net income.
c. Total assets is the last line on the statement.
d. Accounts receivable is included on the statement.
e. Merchandise inventory is reported on the statement.
a. Cost of goods sold is subtracted from net sales in order to determine gross profit.
c. Total assets is the last line on the statement.
e. Merchandise inventory is reported on the statement.
For a merchandising business, the multi-step income statement is utilized to track revenue and expense activities. It is an improved single-step income statement that is more thorough and comprehensive.
The cost of purchasing the inventory that is sold is the biggest expense a goods organization faces. It's vital to compare an item's purchase price to its final selling price. This relationship can be easily observed thanks to the multi-step income statement's presentation of financial data.
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Answer:
Expenses are subtracted from gross profit in order to calculate net income
Cost of goods sold is subtracted from net sales in order to determine gross profit.
Explanation:
true or false: it is free for a company to raise money through retained earnings, because retained earnings represent money that is left over after dividends are paid out to shareholders.
Because retained earnings are the money that is left over when dividends are paid to shareholders, it is cost-free for a business to raise money this way. The assertion made is false.
What is shareholders?
Anyone who has at least one share of the a company's stock or unit in a mutual fund is referred to as a shareholder. The company is essentially owned by its shareholders, who also have certain rights and obligations. With this ownership structure, they can benefit from a company's success. These benefits take the form of rising stock prices or dividend payments from financial gains. In contrast, when a company experiences a loss, the share price invariably falls, which may result in financial losses for shareholders or portfolio declines. A shareholder is an organisation that holds one or more shares of a company's stock or mutual fund, as was previously mentioned. A shareholder has certain obligations in addition to rights.
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What type of trend is caused by changes in the characteristics of a population?
A.
A style trend
B.
A competitive trend
C.
A lifestyle trend
D.
A demographic trend
Demographic trend is the name given to this trend. The two most crucial demographic factors in a population are age and gender.
The study of the population and how it evolves over time is referred to as demographics. This will entail looking at statistics on crime, mortality, fertility, births, marriage, divorce, and religiosity.
Two forms of demography exist: Formal Demography: statistical examination of the population, including total population, male to female ratio, youth to working population, and rural to urban ratio Social demography refers to a society's migratory patterns, birth and death rates.
The economy's underlying growth rate, structural productivity growth, living standards, savings rates, consumption patterns, and investment are all impacted by demographic change. It also has an impact on the long-term unemployment rate, equilibrium interest rate, housing market trends, and the demand for financial assets.
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What must banks be able to provide when coming to the federal reserve to obtain credit?.
A state-chartered bank that meets the requirements may join the Federal Reserve System. As part of the Federal Reserve System's duty to maintain the soundness and stability of the American financial system, the 12 regional Reserve Banks oversee state member banks.
Membership demonstrates a connection to the positive public perception and confidence that the Federal Reserve enjoys in its role as our country's central bank. Leaders of member banks may also participate in voting for Richmond Fed directors as well as positions on the boards of our Charlotte and Baltimore offices.With 3 percent paid in and the remaining 3 percent on call, each state member bank is required to keep capital stock in the Richmond Fed equivalent to 6 percent of its total capital and surplus (exclusive of retained earnings). Currently, the paid-in component from our community banks generates a 6% annual dividend yield.We urge all banks considering participation to get in touch with the Richmond Fed as soon as possible.
So, the banks need to have a membership to obtain credit from Federal reserve.
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the formal education, relationships, job experiences, and assessment of personality and abilities that help employees prepare for their future careers is called employee
The formal education, relationships, job experiences, and assessment of personality and abilities that help employees prepare for their future careers is called employee development. Employee development is the process of enhancing an employee's current competences and skills while also creating new ones to serve the objectives of the firm.
The following more specific details of interest are included in this definition: It takes more than merely creating organizational L&D plans to promote employee development growth. Employee satisfaction is influenced by a education variety of factors, including management expectations, coworkers, personal issues, and company culture. Companies must take the initiative to ensure employee happiness by learning.
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What are included as part of the four overview areas for artificial intelligence?
Their guiding principles include equity, openness and understandability, human-centeredness, privacy, and security in Artificial intelligence
Science and philosophy are closely related since they both deal with ideas like action, consciousness, epistemology, and free will. Philosophical ideas are significant from the standpoint of artificial intelligence as long as they serve as the foundation for designs, arguments, and plans. The shared AI principles pay homage to the realization of the artificial intelligence philosophy.
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Equipment was acquired at the beginning of the year at a cost of $36,500. the equipment was depreciated using the double-declining-balance method based on an estimated useful life of ten years and an estimated residual value of $710. question content area a. what was the depreciation for the first year? b. assuming the equipment was sold at the end of year 2 for $8,440, determine the gain or loss on the sale of the equipment. question content area c. journalize the entry to record the sale. if an amount box does not require an entry, leave it blank.
Computers, trucks, and production equipment are all examples of equipment. they're tangible due to the fact they have got a bodily shape n contrast to intangible belongings inclusive of patents, emblems, or copyrights that do not.
The system changed into obtained at the beginning of the year at a value of $7, 300.
calculate the gain or loss from the sale of equipment as follows:
step 1:
Calculate the sporting value of the device on the give up of the second one 12 months as follows:
1 book cost depreciation carrying value at the give-up of the 12 months
12 months 1 $36,500 $7,300 $29,200
12 months 2 $29,2900 $23,360
Account Titles and clarification Debbit credit
coins $8440
Accountant Depreciation equipment $thirteen, one hundred forty
loss of sale gadget $14,920
equipment $36,500
Depreciation for first yr is $36,500x10percentx2
=$7,300
subsequently, depreciation for the first 12 months is $7,300.
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earnings over the coming year are expected to be $3 and a benchmark pe of 15 applies to earnings over the previous year. the blank , or forecast, price over the coming year is $45.
If earnings over the coming year are expected to be $3 and a benchmark pe of 15 applies to earnings over the previous year. the target , or forecast, price over the coming year is $45.
What is target price?
Target price can be defined as the estimated future price that a company has forecasted.
Most companies tend to have a target or forecast price that they intend to achieve in the future or the price they estimate that a stock price will be in the future.
Based on the scenario the company has a target price of the amount of $45 which was calculated as :
Target or forecast price = Earnings × benchmark
Target or forecast price = $3 × 14
Target or forecast price = $45
Therefore target price enables a company to forecast future price.
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U.s. gdp and u.s. gnp are related as follows?
a. GNP-GDP+Value of exported goods - Value of imported goods.
b. GNP = GDP-value of exported goods + Value of imported goods.
c. GNP GDP Income earned by foreigners in the U.S. Income earned by U.S. citizens abroad.
d. GNP-GDP-Income earned by foreigners in the U.S. + Income earned by U.S. citizens abroad.
The way that the GDP and GNP of the United States are related is d. GNP = GDP - Income earned by foreigners in the U.S. + Income earned by U.S. citizens abroad.
What are GNP and GDP?The Gross Domestic Product (GDP) of a nation, refers to the dollar value of the entire amount of goods and services that were produced in a nation within a period of time. This period of time is often a year. The Gross Domestic Product only takes into account, the final value of goods and services so that it can avoid double counting from intermediate goods.
The Gross National Product on the other hand, includes production value for only United States citizens. In order words, the Gross National Product (GNP) can be defined as the total Gross Domestic Product in a nation, and then the income earned by American citizens abroad would then be added and then the income that foreigners in the United States earn, is deducted.
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in which sourcing category would an item typically be classified, if it is considered to be low value, low risk, and there are lots of potential suppliers?
If an item is considered to be low value, low risk, and has a large number of potential suppliers, it is typically classified in the leverage sourcing category.
What does a category of leverage sourcing mean?
The term "leverage sourcing category" is used in the procurement process to describe goods that have a variety of low-risk sources of supply. In most cases, it is assumed that using leverage will result in high expenditures and possible procurement savings.
What roles do the various categories of leveraged sourcing play?
Grouping of the items to be purchased to aid in negotiationsReduce costs by making use of a market that is competitive.It aids in developing automatic supplier interfaces to cut down on process costs.Learn more about the leverage sourcing category with the help of the given link:
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Of the Big Five, ________ best predicts job performance and ___________ best predicts organizational commitment.
a. Extraversion/openness
b. Agreeableness/extraversion
c. Conscientiousness, conscientiousness
Of the Big Five personality dimension, Conscientiousness best predicts job performance and conscientiousness best predicts organizational commitment.
High levels of contemplation, effective impulsive behavior, and main objective behavior are all hallmarks of being conscientious. Individuals who work in research and even business and finance, where focus on detail and discipline are necessary as skill sets, often adopt this structured approach.
An individual with high levels of conscientiousness often plans ahead and analyzes their own actions to understand how they affect others. Highly attentive individuals regularly work in project management teams and HR department' teams to assist smooth out the organizational duties inside the overall team progress. This is one of the traits of Big Five Personality.
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What is a cell?
Please help me!!
A cell is the smallest building block of every living being
The cell is the most basic unit of life. All factors of life have cells, and we use them to the best of our abilities to survive. Processes that include the utilization of cells include waking up and lifting things. By using cells, people, animals, and objects are able to sustain a well-balanced life of physicality.
a lease that allows a pass-through of some operating expenses to tenant in the form of higher rents would be a(an):
A lease that allows a pass-through of some operating expenses to tenant in the form of higher rents would be a graduated lease.
What is graduated lease?The term "graduated lease" refers to a contract when the landlord and tenant agree to a cyclical modification of the monthly rent. An increase in the tenant's payments as a result of market conditions or a rise in the value of the leased property, for instance, could be reflected in the agreement. Long-term, a graded lease often benefits the landlord, but the renter and landlord can both gain from the agreement. Gradually rising rent can be charged as a property's value rises over the course of the lease, giving the landlord or lessor more flexibility. The property may be available for the tenant or lessee to take possession of at a temporary discounted price. In the early stages of a new business venture, this is frequently helpful.
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assume that you have $330,000 invested in a stock that is returning 15.50%, $170,000 invested in a stock that is returning 22.75%, and $470,000 invested in a stock that is returning 10.25%. what is the expected return of your portfolio?
The projected return on a portfolio is calculated by multiplying the return on each stock by the stock's weight in relation to the value of the entire portfolio is 12.9%
How do you calculate projected returns ?
The projected value of a financial investment's return is known as the expected return (or expected gain) (of the profit on the investment). It is a measurement of the random variable's center of distribution, which is the return.
The expected rate of return is the anticipated return per invested unit of money (for example, a dollar). It is calculated by dividing the investment amount by the anticipated return. The term "anticipated return" is frequently used in this context as opposed to the more formal, mathematical one above since it is what an investor would need to be reimbursed for the risk assumed by owning the asset.
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which of the following will cause an increase in producer surplus? a. the price of a substitute increases b. buyers expect the price of the good to be lower next month c. the imposition of a binding price ceiling in the market d. income decreases
The following will cause an increase in producer surplus is the price of a substitute increases.
What is surplus?
The amount of an asset as well as resource that is over the amount that is being actively used is referred to as a surplus. Income, profits, capital, and goods are just a few of the numerous things that can be referred to as a surplus. A surplus in the context of inventories refers to items that are still unsold and on store shelves. When income is earned and expenses are paid, there is a surplus in a budget. When there is excess tax revenue once all government programmes have been fully funded, governments can also experience a budget surplus. It's not always preferable to have a surplus. For instance, a producer who overestimates future demand for a particular product might produce too many unsold units, which could subsequently contribute to quarterly as well as annual financial losses.
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when the internal rate of return is greater than the required return, the net present value is positive. group of answer choices true false
The assertion is NOT TRUE. If the discount rate is the internal rate of return, the project's net present value will be zero.
What if the IRR is greater than the NPV?
The project is doable if the IRR is higher than the discount rate. If it falls below, the project is deemed impossible to complete. The IRR is of limited value if a discount rate is unknown or cannot be applied to a specific project for any reason. The NPV approach is superior in situations like this.
When the IRR exceeds the required return rate?
The investment's time-adjusted rate of return is represented by the IRR. The IRR decision rule states that the investment is accepted if the IRR is greater than or equal to the company's required rate of return (also known as the hurdle rate);If not, the investment is turned down.
What is the connection between NPV and IRR?
A project's dollar value is calculated using the NPV method, while the project's expected percentage return is calculated using the IRR method. Purpose. The project's surpluses are the focus of the NPV method, whereas the project's breakeven cash flow level is the focus of the IRR method.
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