When a company uses the allowance method of accounting for uncollectible receivables, the entry to reinstate a previously written off account would include a debit to Accounts Receivable.
Accounts receivable refers to unpaid invoices that a company has or money that customers owe the company. The term refers to an account that a company is entitled to receive for providing products or services. Accounts Receivable or Accounts Receivable represents a line of credit extended by a company, usually with terms that require payment in a relatively short period of time. It typically ranges from a few days to a fiscal or calendar year.
An entity recognizes a trade receivable as an asset on its balance sheet because the customer has a legal obligation to settle the obligation. Also, accounts receivable is a current asset, meaning that the account balance will be paid to the debtor within one year.
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Phil greb has a thriving practice in which he assists attorneys in preparing litigation dealing with accounting and auditing matters. he is ""practicing public accounting"" if he:____.
Phil greb has a thriving practice in which he assists attorneys in preparing litigation dealing with accounting and auditing matters. he is ""practicing public accounting"" if he uses his CPA designation on his letterhead and business card.
Accounting, also called bookkeeping, is the measurement, processing, and transmission of financial and non-financial information about economic entities such as businesses and enterprises.
1: A system for recording and summarizing business and financial transactions and analyzing, verifying and reporting the results: The principles and procedures of this system I learned accounting as a freshman.
2a: accounting or accountant work.
Definition of Accounting is the process of systematically recording and maintaining financial accounts. Creating an income statement is an example of accounting. noun.
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The demand and supply functions for good x are given as follows: qdx=28-1/2px and qsx=1/4px-2 what is the consumer surplus when the market is at equilibrium
Consumer surplus is the space between the rate that purchasers are willing to pay—based on their choices—and the marketplace equilibrium price.
The regulation of demand says that at higher fees, customers will call for much less of a monetary excellent. The regulation of supply says that at better prices, sellers will deliver more of a financial desirable. these laws engage to determine the real market charges and extent of products that are traded on a market.
The demand feature is what describes a dating between one variable and its determinants. It describes how a good deal amount of goods is bought at opportunity charges of products and related goods, alternative income ranges, and alternative values of different variables affecting call for.
Deliver and demand have a critical dating because together they determine the fees and portions of maximum items and services to be had in a given marketplace. consistent with the principles of a market economic system, the relationship between supply and demand balances out at a factor within the future.
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What is one of the best ways for a business owner to protect personal assets? a. investing capital b. selling shares c. incorporating d. sharing responsibilities
One of the first-class approaches for an enterprise proprietor to protect personal property is A) investing capital.
Non-public assets are matters of present or destiny value owned by an individual or household. common examples of private assets include coins and cash equivalents, certificates of deposit, checking, and savings accounts, cash market money owed physical cash, and Treasury bills.
Cash bills and financial accounts are a number of the most commonplace non-public assets that human beings think of. cash stored in a financial institution is typically higher than coins on hand. actual estate, inclusive of houses, land, or other buildings, are other common personal belongings for humans. The price in these structures is known as fairness.
To a totally simple degree, an asset is something that offers a future monetary advantage, at the same time a liability is a responsibility. In the usage of this framework, a house can be viewed as an asset, however, a loan could virtually be a legal responsibility. the majority who personal a domestic have a loan but also have equity built up in that home.
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Can companies easily develop compensations that are both internally consistent and market competitive
It is not easy to develop compensation systems that are both internally consistent and market competitive.
An internally consistent compensation system helps to keep the best and talented employees in the organization. On the other hand, the compensation system for market competitiveness helps to attract the best talent from the market.
As in a company the employees serve differently to an organization, and it will be difficult to compensate each employee according to their contribution towards the organization.
Hence, it is important to have a compensation system that is both internally consistent and market competitive.
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Question 2 of 20 what was the impact of mao zedong's great leap forward in china? o a. mao's oppression of urban workers allowed rural farmers to prosper in peace. o b. mao's focus on rural steel production led to widespread famine and starvation. o c. mao's efforts to compete with the soviet union resulted in an economic boom. d. mao's political enemies were eliminated and his control over china was strengthened.
The impact of mao zedong's significant leap forward in china c. mao's efforts to contend with the soviet union resulted in an economic boom
The weather in 1959 was catastrophic and the yearly harvest was not nearly enough to support the Chinese population which led to general famine.
What was the result of the Great Leap Forward?Instead of promoting the country's economy, The Great Leap Forward resulted in mass hunger and famine. It is estimated that between 30 and 45 million Chinese citizens died due to famine, execution, and coerced labor, along with massive economic and environmental collapse.
What was the Great Leap Forward and how did it affect China?The Great Leap Forward was a push by Mao Zedong to change China from a largely agrarian (farming) society to a modern, industrial society—in just five years. It was an unbelievable goal, of course, but Mao had the ability to force the world's largest society to try. The effects, unfortunately, were disastrous.
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An interest-bearing note is a loan in which the lender deducts interest from the amount loaned before the money is advanced to the borrower. True False
An interest-bearing note is a loan in which the lender deducts interest from the amount loaned before the money is advanced to the borrower. The given statement is false.
What do you mean by borrower?A person or business that borrows, especially from a bank, anything: New debtors are being encouraged by banks. From the time the loan is disbursed until it is fully repaid, the borrower is charged interest.
A person or organization that uses someone else's money for a variety of purposes. The borrower spends the funds for the allotted time period and then returns them to the lender at the end of it. A charge known as interest will be made for the use of these funds.
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One definition of information structures is that they are a way of organizing information. True or false?.
It is false that one definition of information structures is that they are a way of organizing information.
Why do we need information?Information is giving details about an event or something to people through various means like internet, radio, television, etc.
The purpose of information is to enable us know wrong from right. We also use information to make decisions and judgment calls.
Hence, It is false that one definition of information structures is that they are a way of organizing information.
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How do you ensure that your proposed it governance strategy and plan are working?
Ensure that required processes are directly followed and outline roles and obligations. Define and report on critical success elements and associated Key overall performance signs. Facilitate implementation moves to remedy diagnosed possibilities.
Governance models need to establish the authority that presides over compliance, danger, felony, finance, and audit subjects. The model ought to additionally outline how the board will oversee risks throughout all regions and businesses. The organizational layout and reporting shape have to be made clear to personnel and stakeholders.
IT governance: gives readability between the commercial enterprise strategy and the IT strategy and tasks. Allows govt management and staff within your organization to set expectations, participate, speak, and establish accountability.
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When bose provides free headphones to charles barkley and other famous members of the nba media. This is an example of?.
When Bose provides free headphones to Charles Barkley and other famous members of the NBA media. This is an example of Advertising.
What is Bose best known for?
It is best known for its home audio systems and speakers, noise cancelling headphones, professional audio products and automobile sound systems. Bose has a reputation for being particularly protective of its patents, trademarks, and brands.
It specializes in wireless technology. The company also has to its credit R&D work in the areas of suspension technologies used for heavy-duty trucks and cars, and the subject of cold fusion.
What is Advertising ?
Advertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them,
The advertising industry is made of companies that advertise, agencies that create the advertisements, media that carries the ads, and a host of people like copy editors, visualizers, brand managers, researchers, creative heads and designers who take it the last mile to the customer or receiver.
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The united states and kenya are exploring the possibility of a trade deal. ________ refers to a situation in which a government does not attempt to restrict what its citizens can buy from or sell to another country.
Free trade refers to a situation in which a government does not attempt to restrict what its citizens can buy from or sell to another country.
What is Free trade?A free trade policy is one in which imports and exports are not restricted. It is also known as the free market concept applied to international trade.
Goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or bans impeding their interchange under a free trade policy. Trade protectionism and economic isolationism are the polar opposites of free trade.
Without the impact of tariffs, quotas, or subsidies, free trade allows consumers to pick what is best for them. Increased international competitiveness provides similar benefits to increased domestic competition: - Greater efficiency. - More variety and distinctiveness.
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The most striking difference between intellectual property (IP) and other types of physical property is that
The most striking difference between intellectual property (IP) and other types of physical property is that IP is intangible.
P stands for "psychological," and examples include inventions, creative works, computer programmes, and logos.
By using trade names, patents, designs, copyright, plant variety rights, or geographical indicators, they can be legally protected.
Trademarks, patents, and designs are examples of IP kinds that can be registered, but copyright is an example of IP that is automatically protected once it is established.
A subset of intangible assets (IA), which differ from physical assets like machinery in that they are not physical, is intellectual property.
Brand recognition, software codes, and goodwill are a few examples of non-IP intangible assets.
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Compare the national cultures of the u. s. and india using hofstede’s dimensions. How might these differences affect ups’s formulation and implementation of an expansion strategy in india?
`The CAGE Distance Framework, commonly known as the Hofstede dimensions, can be used to pinpoint the cultural, geographic, economic, and governmental disparities between two nations.
Power Distancing: As per Hofstede dimension India has a high level of power distance because it acknowledges the disparity in power and has a strong power-distancing culture. The US nation has embraced a culture that reduces the power gap because it encourages equality at all social levels and fosters individual independence.
Uncertainty Avoidance: Hofstede dimension says India has a low to medium preference when it comes to the idea of avoiding uncertainty. The US nation has a culture that encourages initiative, the generation of new ideas, and the rejection of ambiguity.
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The concept of ___________ requires prayerful consideration of what god is asking us to keep for the future.
The concept of saving requires prayerful consideration of what god is asking us to keep for the future.
Saving money gives you a way out of the uncertainties of life and provides you with an opportunity to enjoy a quality life. Thus, putting aside a sum of money for future in a systematic manner can help you steer out of many hurdles and obstacles in life.
Saving money for emergencies, short-term goals and long-term goals are all important. Saving money is important because it allows you to build wealth. Wealth in turn helps you to make more money.
Hence, the concept of saving requires prayerful consideration of what god is asking us to keep for the future.
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In the united states, the percentage of unionized workers in the private sector has dropped from 35 percent in the 1950s to about ______ today
In the united states, the percentage of unionized workers in the private sector has dropped from 35 percent in the 1950s to about 7 percent today
A unionized worker is an employee whose employment is governed by a collective bargaining agreement and represented by a union. A union Worker means a worker who is a member of a bargaining unit represented by a bargainer.
Union workers receive better health benefits than non-union workers. It also reduces health insurance deductibles by 18% and the burden on family insurance. A worker who joins a union after retirement is 24% more likely to receive health insurance premiums from her employer.
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When a new employee is trained at the work site by observing an experienced worker and then doing the task, it is:______.
When a new employee is trained at the work site by observing an experienced worker and then doing the task, it is on-the-job training.
What is meant by on-the-job training?
In a genuine or nearly real working environment, on-the-job training (OJT) is a practical method for gaining new competencies and skills needed for a job. In a real-world, simulation, or instructional setting, it is frequently used to learn how to operate specific tools or equipment.
What is one problem with On-the-job training?
If the person doing the work is unskilled, the new hire will learn how to complete the jobs incorrectly. It's possible that management is unaware of the employee's deficiencies in particular areas and is powerless to take corrective action.
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The key issue in the research on the predictive ability of ars scores was whether these scores accurately predict the magnitude of?
The key issue in the research on the predictive ability of ComScore ARS Share of Choice scores was whether these scores accurately predict the magnitude of market-share gain (or loss) the following advertising.
the qestion is incomplete .please read below to find the missing content
The key issue in the research on the predictive ability of ComScore ARS Share of Choice scores was whether these scores accurately predict the magnitude of _____ gain (or loss) in the following advertising.
Research is “creative and systematic work to increase the body of knowledge”. The information must be collected, organized, and analyzed to develop a better understanding of a topic or issue. A research project can be an extension of previous work in the field. Wikipedia
Research is a systematic research process involving the collection of data. documenting material information; analyzing and interpreting such data/information in accordance with appropriate methods established by the particular discipline and discipline;
Research is defined as creating new knowledge and/or using existing knowledge in new and creative ways to generate new concepts, methods, and insights. This may involve the synthesis and analysis of previous research to the extent that it leads to new creative results. January 5, 2020
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When do producers benefit from an inelastic supply? When a tax is imposed when input costs increase when quotas are placed on goods when a subsidy is provided
When a subsidy is provided producers will benefit from an inelastic supply. When subsidy is provided to goods or services means price of good or services will decrease which will not decrease much percentage of supply due to which producers will get an advantage from an inelastic supply. This will be beneficial for both producer and consumer.
Supply is said to be inelastic when percentage change in supply is less than percentage change in price. For example - If price of milk increases by 20% and supply only decrease by 2%. This shows in spite of price of milk increased by huge amount but it does not bother it's supply to much. Some goods and services are inelastic in the market.
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You can earn 8 percent interest, compounded annually. how much must you deposit today to withdraw $10,000 in 6 years?
a. $5,402. 69
b. $6,301. 70
c. $6,756. 76
d. $8,432. 10
e. $9,259. 26
The answer is $6,301.70
Given in question
Future account balance = $10,000
N = 6
I = 8%
Estimate the required initial deposit to obtain the amount of $10,000 in 6 years:
Initial Deposit= Balance/ (1+n)n
Initial Deposit= $10,000/(1+8%)6
Initial Deposit= $6,301.70
Compound interest is interest calculated on a loan or deposit based on both the initial principal and the accumulated interest from previous periods. Compound interest, which is thought to have originated in 17th-century Italy, can be defined as "interest on interest." It will accelerate the growth of a sum faster than simple interest, which is calculated solely on the principal amount.
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When the price level _______ the inflation rate _______. a. rises slowly; falls b. rises rapidly; increases c. falls; is zero
When the price level rises rapidly the inflation rate increases.
The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
However, it can also be computed more precisely—for example, for specific products, like food, or for services, like school tuition.
In any situation, inflation refers to how much more expensive the pertinent collection of goods and/or services has grown over a predetermined time frame, most frequently a year.
Hence, option B is correct.
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Inexperienced employees may include ________ as ________, resulting in an overstatement of assets.
Inexperienced employees may include consigned goods as inventory resulting in an overstatement of assets.
What is inventory ?Inventory, also known as stock, refers to the goods and materials that a company keeps for the purpose of resale, production, or use. Inventory management is primarily concerned with specifying the shape and placement of stocked goods.
There are four types of inventory: raw materials/components, work in progress (WIP), finished goods, and maintenance and repair (MRO).
Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost).
In accounting, inventory is classified as a 'current asset' that a company or business keeps for less than a year. Expenses, accounts receivable, and insurance plans are also examples of current assets.
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A store owner gathered data for several days about the methods customers used to pay for their purchases. the scatter plot shows the data she gathered and the line of best fit. a scatter plot depicts customer payments and plots cash versus card. the data points plotted are as follows: (40, 42), (45, 45), (60, 55), (72, 65), and (82 point 5, 75). a diagonal curve fits the points. the equation of the line of best fit is y = 0.755x 11.339. based on the line of best fit, approximately how many customers are predicted to use a card to pay on a day when 90 customers pay by cash? a. 68 b. 79 c. 92 d. 104
It is most likely that option (B), where 79 people pay with cards on a day where 90 customers pay in cash, is right according to line of best fit.
What is the line of best fit?
The line of best fit is a mathematical concept used to draw a straight line between any two given points on a graph. Scatter plots are used in this form of linear regression to choose the most appropriate criterion for defining the relationship between the points.
The following is a list of optimal solutions:
y = 0.755x + 11.339
Plug x = 90
y =0.755(90) + 11.339
y = 67.95 + 11.339
y = 79.28 ≈ 79
This means that on a day when 90 consumers pay in cash, option (B) is true and 79 clients will utilize a card according to line of best fit.
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What events cause debits to be recorded in the factory overhead account? what events cause credits to be recorded in the factory overhead account?
Factory Depreciation At purchase, the company records a debit to the machinery account and a credit to cash or accounts payable. Each year, the company will debit the factory overhead account and credit the accumulated depreciation account to reflect the annual depreciation of the machine.
What is Factory Depreciation?Factory depreciation, also known as manufacturing depreciation, refers to the decrease in the value of all assets associated with the product's manufacturing. Factory depreciation is charged as an expense as part of manufacturing overhead because it is considered an indirect cost.
Depreciation is the annual decrease in the value of an asset. It is calculated in equal annual increments over the equipment's useful life.
Depreciation expense is considered an indirect cost in the production department of a manufacturing company because it is included in factory overhead and then allocated to the units manufactured during a reporting period. The most common treatment within a business is to treat depreciation as an indirect cost.
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The business structure that is linear and has producers at one end and consumers at the other is known as a(n) ______
Pipeline is the business structure that is linear and has producers at one end and consumers at the other. A business structure is a term used to describe a company's legal structure and how it affects the day-to-day operations of a firm for example partnership. An unincorporated firm run by a single person is known as a sole proprietorship.
Corporations, partnerships, holding companies, non-profits, subsidiaries, and limited liability companies are a few examples of common business structures. Due to the lack of continuous procedures like shareholder meetings and voting, a sole proprietorship and partnership are easy to start up.
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The total amount of cash and other assets that a corporation receives from its stockholders in exchange for its stock is:
Paid -in capital is the total amount of cash and other assets that a corporation receives from its stockholders in exchange for its stock. Paid-in capital is another name for the money and other assets that shareholders have provided a business in exchange for stock.
Contributed capital is the same thing. When a corporation offers equity stock based on a price that shareholders are ready to pay for them, investors make capital contributions. Contributed capital can also refer to stockholders' equity line item on company's balance sheet, which is frequently displayed next to balance sheet entry for additional paid-in capital.
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A data mart is the operational database for the company.
a) true
b) false
It is (a) true that data mart is the operational database for the company.
A data mart is a basic data warehouse focused on one topic or area of business. Data mart helps the teams within the company to access the data and achieve insight faster. Company members don’t have to spend excessive time on complex data management systems or manually aggregate data from various sources. Data mart also ensures that there are no human-led errors in data collection within the company, which is common when the data is managed manually. A data mart is accurate, simple, and saves a lot of time for the organization.
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The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement as to whether the government should attempt to stabilize the economy. True or false?.
The government has the capacity to influence the level of output in the short run by utilizing monetary and fiscal policy. There exists some disagreement as to whether the government should endeavor to stabilize the economy. The given statement is true.
What is the monetary and fiscal policy?Monetary policy exists as a set of actions to control a nation's general money supply and achieve economic growth. Monetary policy strategies contain revising interest rates and changing bank reserve conditions. Monetary policy exists commonly categorized as either expansionary or contractionary.
In economics and political science, the fiscal policy exists as the use of government revenue assemblage and expenditure to control a country's economy. Fiscal policy exists the use of government spending and taxation to influence the economy. Governments typically employ fiscal policy to promote strong and sustainable growth and decrease poverty.
To create an economy more stable, active stabilization policy instruments that mitigate the effect of pessimism and optimism waves stand advocated. The waves of pessimism among consumers and businesses show the fall in aggregate demand. This fall in aggregate demand can be partly or fully offset by raising the money supply because the increase in money supply boosts aggregate demand.
The government has the capacity to influence the level of output in the short run by utilizing monetary and fiscal policy. There exists some disagreement as to whether the government should endeavor to stabilize the economy.
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A national business has a small west coast regional office responsible for 1059 customers a:_________
A national business has a small west coast regional office responsible for 1059 customers and a larger West Coast regional office responsible for 9041 customers.
The West Coast Regional Office of the National Marine Sanctuary manages 15,333 square miles of marine protected areas around the Channel Islands, Cordell Banks, Greater Farallones, Monterey Bay, and the Olympic Coast. Each of our five West Coast National Marine Sanctuaries is a gem in its own right. But each of our protected areas is not only closely connected to other protected areas, but also the entire coast from Alaska to Baja, and via ocean currents to the vast oceans of the world.
Staff at the West Coast Regional Office have combined the relevant regulatory/governance documents for all five West Coast National Marine Protected Areas into one comprehensive document. The purpose of this document is to make it easier for employees and the public to find information about these five West Coast National Marine Sanctuaries without visiting multiple websites.
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What are the major waves of change that are part of the challenges of managing a business in the new competitive landscape?
Globalization, technological change including the development and application of the internet, Knowledge Management, and collaboration across organizational boundaries.
Why Is the Competitive Landscape Important?The list of possibilities a consumer could select, not your product, is the competitive landscape. The products of your rivals and various kinds of client solutions are on the list. A customer could decide to buy a product.
What Is an Analysis of the Competitive Landscape?
It will take an investigation to get a full picture of the competitive situation. Product teams should undertake competitive analysis to discover all the products that could replace theirs. This analysis frequently shows that the team underestimated the size of the competitive ecosystem.
What Are the Advantages of a Competitive Landscape Analysis?
You can steer clear of costly errors. You can learn fresh concepts. You can discover new markets, sectors, and user personas.Learn more about the competitive landscape with the help of the given link:
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A home sells for $150,000 and has a mortgage loan balance of $100,000 at closing. if the commission is 5 nd other closing costs are $6,000. What is the seller’s net?
A home sells for $150,000
The loan balance of $100,000
If the commission is 5 nd other closing costs are $6,000.
The seller’s net would be $36,500
A loan is a loan of money by one or more individuals, entities, or other entities to another individual, entity, etc. Repayment amount of the principal borrowed.
A loan is a type of debt owed by an individual or other legal entity. A lender (usually a corporation, financial institution, or government) makes an advance payment to a borrower. In return, the borrower agrees to certain terms, including funding costs, interest, repayment dates, and other terms.
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Keeping $20 in currency to be able to buy gasoline, money is performing which function?
Keeping $20 to be able to buy gasoline money is performing store of value.
Store of valueA store of value is basically an asset, entity, or currency that can be kept, retrieved, and traded in the future without degenerating in value. One of the roles of money in an economy is that it acts as a store of value. It is something that someones use to share purchasing power from the present to the future. While cash is an asset that can store value, it's not the only kind. For example, Gold and silver act as stores of value.
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