The concept mentioned here is Notes Receivables.
1) Option D, Receivables
2) Option D, Maturity date
3) Under the allowance method, a company records an adjusting entry at the end of each accounting period for the amount of the losses it anticipates as the result of extending credit to its customers.
4) It records bad debt expenses when the related sales are recorded. It records the accounts receivables on the balance sheet and an estimated amount of cash to be collected.
5) Option A, Allowance for Doubtful Accounts.
6) Option C, Is the day the note is due to be paid.
7) Option A, $37.50.
rate = 10%
time = 90/360
principal = $1,500
So, interest = 1500*.10*90/360
interest = 13500/360
Interest = $37.50.
8) $360.
Interest = Principal * rate* time
given,
principal =$36,000
time = 3/12 month
rate = 4%
so, interest = 36000*0.04*3/12
interest = $360.
9)The maturity date is November 21st.
Given,
60-day note on September 22.
We know that September is 30 days.
Maturity date = 60-(30-22) = 8 + October 31 = 8+31
maturity date = 60-39 = 21.
So it will be November 21.
10) 5.83 times
Accounts receivable turnover = Sales / average receivables
Given,
net sales = $7,875
average receivables = $1,350
So, Accounts receivable turnover = 7,875 / 1,350
Accounts receivable turnover = 5.83 times.
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Quick Corp. has $270,000 of outstanding accounts receivable. On March 10, Quick assigned to Taft for value (consideration) a $30,000 account receivable due from Pine, one of Quick Corp.'s customers. On March 30, Pine paid Quick Corp. the $30,000. On April 5, Taft notified Pine of the March 10 assignment from Quick to Taft. Taft is entitled to collect $30,000 from Select one: a. Neither Quick nor Pine. b. Quick only. c. Pine only. d. Either Quick or Pine
Answer:
b. Quick only
Explanation:
According to the given situation, since Taft bank collected the money from Quick corporation as not from Pine because the company would failed to inform pine assignment from quick corporation on time So the taft would be collected from Quick only
Hence, the correct option is b
And, the rest of the options would be considered incorrect
QUESTION 8 of 10: In a percentage lease, the landlord receives a
a) Assets
b) Expenses
c) Accounts payable
O d) Revenue
Submit
Answer:
d)revenue
Explanation:
the landlord receives a percentage of revenue earned from any business in addition to the base rent.
In a percentage lease, the landlord receives a revenue. Option d is correct.
What is percentage lease?A percentage lease is defined as one in which the tenant pays a base rent plus a percentage of any money generated while operating a company on the rental property.
A percentage lease pays the landlord a percentage of any business's revenue in addition to the base rent.
In comparison to a standard lease, the base rent is usually lower. The lower base rent is balanced out by the higher upside potential of a percentage lease.
Therefore, option d is correct.
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John is a 37 year old married business owner. He runs a dry cleaning service with 3 locations in Toledo, Ohio. His personal obligations are the home he owns with his wife, who works for a large consulting firm, the healthcare of his family and his commitment toward saving for his three children’s college educations. John knows that two of his locations require a large cash infusion to pay for new equipment. Although his wife’s job provides the family health insurance, it also places the family in a higher income tax bracket. John would like to minimize his taxes and protect his family. What form of ownership would you suggest for him? Why?
Answer: Limited liability company
Explanation:
Based on the information given in the question, I'll tell Joji to consider a limited liability company. A limited liability company simply refers to a private company whereby in the case if a liability, the owners are only legally responsible to the debt based on the amount that they contributed.
Since John would like to minimize his taxes and protect his family, the limited liability company should be chosen as he will be taxed just exactly like a sole trader and his assets will be protected as well.
3.____What type of insurance covers damage done to your car by another car when the accident is your fault?
B. Property Damage
C. Medical payment
C. Collision
D.All the above
B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?
Answer:
conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer's offer on a home is contingent on something getting done for the purchase to go through
Kamal, Kamala, Krishna invert a sum of RS= 30,000 on a business in the ratio 2 : 3 : 5. Find the each of their investment.
Answer:
3000kamal
9000kamala
15000krishna
Explanation:
let the unknown investment be x
now
2x+3x+5x=30000
10x=30000x
x=30000/10
x=3000
again;
2x=2×3000=6000
3x=3×3000=9000
5x=5×3000=15000
wise it is correct
Answer:
Kamal
2×30000÷10 = 6000
Kamala
3×30000÷10= 9000
Krishna
5×30000÷ 10= 15000
Explanation:
Kamal _ RS = 6000
Kamala _RS =9000
Krishna _RS=1,5000
Many people believe that because wages are lower in developing countries than in developed countries, competition from developing countries in goods traded internationally will soon eliminate large numbers of jobs in developed countries. Currently, developed countries' advanced technology results in higher productivity, which accounts for their higher wages. Advanced technology is being transferred ever more speedily across borders, but even with the latest technology, productivity and wages in developing countries will remain lower than in developed countries for many years because developed countries have better infrastructure and better-educated workers. When productivity in a developing country does catch up, experience suggests that wages there will rise. Some individual firms in developing countries have raised their productivity but kept their wages (which are influenced by average productivity in the country's economy) low. However, in a developing country's economy as a whole, productivity improvements in goods traded internationally are likely to cause an increase in wages. Furthermore, if wages are not allowed to rise, the value of the country's currency will appreciate, which (from the developed countries' point of view) is the equivalent of increased wages in the developing country. And although in the past a few countries have deliberately kept their currencies undervalued, that is now much harder to do in a world where capital moves more freely.
The passage suggests that if the movement of capital in the world were restricted, which of the
following would be likely?
(A) Advanced technology could move more quickly from developed countries to developing countries.
(B) Developed countries could compete more effectively for jobs with developing countries.
(C) A country's average wages could increase without significantly increasing the sophistication of its technology or the value of its currency.
(D) A country's productivity could increase without significantly increasing the value of its currency.
(E) Workers could obtain higher wages by increasing their productivity.
Answer:
(D) A country's productivity could increase without significantly increasing the value of its currency.
Explanation:
"And although in the past a few countries have deliberately kept their currencies undervalued, that is now much harder to do in a world where capital moves more freely."
This last passage indicates that since the movement of capital is not restricted, then developing countries are not able to manipulate their currencies, therefore, if the movement of capital were restricted, then developing countries could manipulate their currencies.
Select the correct answer. Which of these do you need to do when receiving criticism? A. Do not respond to criticism. B. Ignore the criticism. C. Respond to criticism with your own criticism. D. Consider the criticism as a learning experience. E. Ask your best friend what to do.
Answer:
The correct answer is D. Consider the criticism as a learning experience.
Explanation:
Criticism is the opinion valued by a person regarding another, a thing or a situation, in which the characteristics of said person, thing or situation are evaluated, and an opinion is expressed about them, which can be favorable or unfavorable.
When a person receives a criticism without bad intention, that is, a genuine or constructive criticism, the ideal is not to feel attacked by whoever emits it, but on the contrary, to take that opinion as valid, to learn from the mistakes made and improve.
Customers are demanding your product. Unfortunately, you are struggling to create supply at the same rate. Based on the law of demand, what could you do to decrease the demand?
1. Decrease the supply
2. Decrease the price
3. Increase the supply
4. Increase the Price
Answer: Increase the Price
Explanation:
Since the customers are demanding for ones product while the supplier is struggling to create supply at the same rate, the way that the supplier can reduce the demand for the product is to increase the price.
According to the law of demand, when price of a product increases, the consumers will demand less for that product and in a situation whereby there's reduction in price, more of the product will be demanded.
Gabrielle is a retailing and consumer sciences major and plans to pursue a career in fashion design. She enjoys setting the trends for her friends and owns approximately 50 pairs of shoes. She loves shopping for shoes on Zappos, a popular online retail store that is a subsidiary of Amazon. Zappos offers millions of styles of shoes, but Gabrielle can simplify her search through the use of filters. She can filter the search by style, color, material, brand name, and heel height in order to reduce the number of shoes that appear in the search results. Zappos is taking advantage of _____, one of the characteristics of online media.
Answer:
Control
Explanation:
The Social Age is a new division or an era whereby individuals engage in networked communication, collaborate across boundaries, and solve problems. The social media is used for interaction, buying and selling.
Social Media Characteristics includes:
1. Identity- users reveal identity through profiles
2. Conversations- communicating
3. Sharing- exchanging and receiving content
4. Presence- if others are available, accessible and others.
The social media marketing has been built to suit customer preference and allows customers to exercise some measure of control over want they want to view, see buy and others.
Which information would best be displayed using a two-variable data table?
A. monthly payments on two different loans with different interest rates and monthly payments
B. monthly payments on a loan if the interest rate changes at least every two years
C. monthly payments on two different loans if the number of monthly payments are different
D. monthly payments on a loan if the interest rate and number of monthly payments change
Answer:
A. monthly payments on two different loans with different interest rates and monthly payments
Explanation:
The correct option is - A. monthly payments on two different loans with different interest rates and monthly payments
Reason -
A two-variable data table shows how various combinations of 2 sets of variable values affect the formula result.
In other words, it shows how changing two input values of the same formula changes the output.
Two-variable data table is best suited in situations when you want to see how the final result changes when two of the input variables change simultaneously.
In the given question ,
The output is loan and the input variables are interest rates and monthly payment.
So,
The suitable option is - A. monthly payments on two different loans with different interest rates and monthly payments
3.1.5. Discuss the characteristics of a mixed Economy.
Answer:
A mixed economy has three of the following characteristics of a market economy. First, it protects private property. Second, it allows the free market and the laws of supply and demand to determine prices. Third, it is driven by the motivation of the self-interest of individuals
Explanation:
good luck
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What do you mean by search of trade?Why is it essential?
Answer:
trade means buying and selling good and service
Answer:
it takes time,resourses and money to creat and luanch distinctive and affective brands..in most instances,trade searching id an important first step in any trade registration to avoid adopting brans that infrige third-party trademark rights.
We evaluate historical sources by determining if they are valid or reliable.
True
False
Answer:
True
Explanation:
We evaluate historical sources by determining if they are valid or reliable. The given statement is True.
Why is it important to evaluate historical sources?You are prompted to use critical thinking skills while evaluating information to consider the authority, timeliness, point of view, and bias of various information sources. A book, article, or website is not always a trustworthy source of knowledge just because your search parameters are met by it.
Evaluating historical sources is an essential aspect of historical research, and determining their validity and reliability is crucial to understanding the past accurately. Validity refers to the accuracy and truthfulness of the information provided by the source, while reliability relates to the consistency and credibility of the source. Both validity and reliability are necessary to ensure that the historical source is trustworthy and can be used to support historical claims.
Thus, the mentioned above-given statement is true.
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Jorge has been audited by the IRS. He is hoping that the process will be very simple. Which type of audit would Jorge MOST likely find to be the easiest to deal with?
Answer:
Correspondence audit
Explanation:
The Internal Revenue Service conducts 3 types of audits. That is correspondence, field, and office audit.
The easiest and most common one is the correspondence audit that involves communication via mail.
The IRS send request for documents concerning a particular issue. Usually a Mathematica error on you part when filling the form or am ommission of an income on tax return.
This is easily resolved by sending the required documents.
The other two types of audit are more difficult to handle. Office audit is in person interview regarding issues o your tax return.
Field audit is an in depth audit of various items regarding your busuness
Answer:
Correspondence Audit
Explanation:
Benedict Company leased equipment to Mark, Inc., on January 1, Year 2. The lease is for an 8-year period expiring December 31, Year 9. The first of 8 equal annual payments of $600,000 was made on January 1, Year 2. Benedict had purchased the equipment on December 29, Year 1, for $3,200,000. The lease is appropriately accounted for as a sales-type lease by Benedict. Assume that the present value at January 1, Year 2, of all rent payments over the lease term discounted at a 10% interest rate was $3,520,000. What amount of interest income should Benedict record in Year 3 (the second year of the lease period) as a result of the lease
Answer:
$261,200
Explanation:
The computation of the interest income for the year 3 is shown below:
DATE Annual payment Interest revenue Reduction Net investment
On Jan 1 $3,520,000
On Jan 1 $600,000 $0 $600,000 $2,920,000
On Jan 1, year 2 $600,000 $292,000 $308,000 $2,612,000
On jan1, year 3 $600,000 $261,200 $338,800 $2,273,200
Which of the following is true of a global product structure?
a. It provides a fairly straightforward way to effectively manage a variety of businesses and products around the world.
b. It provides a way to achieve vertical and horizontal coordination simultaneously along two dimensions.
c. It works best when pressure for decision making balances the interests of both product standardization and geographic localization.
d. It enables a global firm to achieve aspects of both global uniformity and local diversification and responsiveness.
Answer:
a. It provides a fairly straightforward way to effectively manage a variety of businesses and products around the world
Explanation:
A global product structure is one that involves a single production and marketing strategy globally in all locations where a business operates.
There is limited product scope and practices such as advertisements are the same in all locations.
As such the management of this type of product structure is straightforward because the same strategy is used consistently.
There is no need to tailor products and services to the local environment a business exists.
Which aspect of the organization should Albert have been aware of before joining it?
Albert has recently joined a business organization. After a few weeks, he has realized that he is not happy with the organization's values,
management style, and policies. He is thus finding it difficult to perform daily tasks. He wishes he had found some information about the
organization's
before joining it
Answer:
well you have to think before taking action in something
Technology plays a role in a variety of industries and the ways that technology impacts marketing are vast and diverse. In a concise one-paragraph summary, narrow down the use of technology in marketing and explain the importance of computers and the internet in marketing.
Answer:
Marketing is a commercial practice by which companies seek to promote their products, trying to attract consumers through advertisements, promotional campaigns and market research, aimed at meeting the needs of consumers. For this, companies rely on technology (internet, television, radio, etc.) to be able to massify their products, advertising them through the mass media. Within this process, the internet is one of the most important marketing tools, since it allows companies to reach all parts of the world, where potential consumers from any territory can see the advertisements just one click away.
Wanna win 10$ on cashapp??
Answer:
How can you do this?
Explanation:
Yasmine plans to attend a four-year public university. She expects she will need to contribute $9,000 annually to her education. Which savings plan will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings? $600 per month for 1 year $350 per month for 2 years $225 per month for 3 years $200 per month for 4 years
Answer:
It be D: $200 per month for 4 years is the correct answer.
Explanation:
$9,000/200= 45 months = 4years
The business cycle affects output and employment in capital and durable goods industries more severely than in industries producing non-durable goods because, ______. Multiple choice question. during a boom, business investment in new capital goods and consumer spending on new durable goods decline sharply during a recession, business and consumer spending on nondurable goods decline sharply during a recession, business investment in new capital goods and consumer spending on new durable goods rise sharply during a recession, business investment in new capital goods and consumer spending on new durable goods can be postponed
Answer:
During a recession business investment in new capital goods and consumer spending on new durable goods can be postponed
Explanation:
The business cycle are simply cycles or series of cycles of economic expansion and contraction.
An Economic expansion is simply defined as an increase in the level of economic activity, goods and services available. It is a period of economic growth usually measured by a rise in real GDP.
Economic growth
Economic growth is an increase in the capacity of an economy to produce goods and services, usuallycompared from one period of time to another time.
The four phases of the business cycle are;
1. Peak
2.Recession
3. Trough
4. Expansion
The length of a complete cycle usually varies from 2-3 years to 15 years.
What do you mean by accountability?
Accountability is when an individual or department experiences consequences for their performance or actions. Accountability is essential for an organization and for a society. Without it, it is difficult to get people to assume ownership of their own actions because they believe they will not face any consequences.
Net present value: Select one: is the best method of analyzing mutually exclusive projects. is less useful than the internal rate of return when comparing different-sized projects. s the easiest method of evaluation for nonfinancial managers. is the easiest method of evaluation for nonfinancial managers. cannot be applied when comparing mutually exclusive projects. is very similar in its methodology to the average accounting return.
Answer:
is the best method of analyzing mutually exclusive projects
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
Accounting rate of return = Average net income / Average book value
Average book value = (cost of equipment - salvage value) / 2
NPV is more preferred to IRR for projects with multiple negative cash flows during the project live .
Below is the income tax system for the country of Genovia.
For income from $0 to $100, no income tax.
For all income above $100 but less than $400, the tax rate is 20%.
For all income above $400, the tax rate is 40%.
Jane Doe’s income is $500. What is her AVERAGE tax rate?
Group of answer choices
40%
33%
50%
20%
25%
Answer:
24%
Explanation:
The computation of the average tax rate is shown below:
Given that
From income $0 to $100, no income tax is applicable
From income above $100 upto $400, the tax rate is 20%
The income above $400, the tax rate is 40%
So based on the above information
Since the Jane doe income is $500
So here the average tax rate is
= (400 × 0.20) + (100 × 0.40) ÷ $500
= ($80 + $40) ÷ ($500)
= ($120) ÷ ($500)
= 24%
This is the answer but the same is not provided in the given options
From a consumer’s perspective, what are the advantages and disadvantages of personal selling? Explain.
In the customer level, personal purchases are helpful because you know next or nothing whatsoever about what you want, other than when you purchase a vehicle and need guidance about items such as forms and prices. However when you felt like you're really there to offer your cash, it can be disappointing on the part of the customer, not to really get anything out of the deal.
30 points please help!
The incredible Ice cream company wants to preserve their secret recipes for their ice cream products. They require all employees to sign a document stating they will not work for a competing ice cream company or open their own ice cream business. Which type of document do employees sign?
a. non-compete agreement
b. partnership agreement
c. confidentiality agreement
Answer:
B.
Explanation:
Answer:
i believe is A. non compete agreement
Explanation:
is easy i did it
if it was helpfully pls give me points and a heart
Drag the tiles to the correct boxes to complete the pairs.
Match the branches of study term to the examples.
Science
Engineering
Technology
Mathematics
Wi-Fi
sodium reacts with chlorine
to form sodium chloride
traffic signal design
determine the percentage
loss in sales of a product
Answer:
I. Science.
II. Engineering.
III. Mathematics.
Explanation:
Environmental science can be defined as an interdisciplinary field of science that comprises of chemistry, economics, engineering, zoology, geography, geology, biology, ecology, physics, etc., used for the study and understanding of various environmental factors, issues in relation to human life.
Some of the branches of study term matched to their respective example include the following;
I. Science: sodium reacts with chlorine to form sodium chloride. Science can be defined as a branch of intellectual and practical study which systematically observe a body of fact in relation to the structure and behavior of non-living and living organisms (animals, plants and humans) in the natural world through experiments.
II. Engineering: traffic signal design. Engineers are saddled with the responsibility of designing and developing end user (customers) physical tools or equipments, which are used for a specific purpose.
III. Mathematics: determine the percentage loss in sales of a product. This branch of study deals with solving for unknown variables or quantities in a mathematical expression.
Answer:
WI-Fi -Technology
sodium reacts with chlorine
to form sodium chloride-----------Science
traffic signal design------------------Engineering
determine the percentage
loss in sales of a product---------------Mathematics
Explanation:
Lymen International is considering a significant expansion to its product line. The sales force is excited about the opportunities that the new products will bring. The new products are a significant step up in quality above the company’s current offerings, but offer a complementary fit to its existing product line. Fred Riddick, senior production department manager, is very excited about the high-tech new equipment that will have to be acquired to produce the new products. Barbara Dyson, the company’s CFO, has provided the following projections based on results with and without the new products.
Without New Products
With New Products
Sales revenue $12,149,200 $16,618,200
Net income $488,900 $885,800
Average total assets $5,282,800 $13,930,400
(a) Compute the company’s return on assets, profit margin, and asset turnover, both with and without the new product line. (Round answers to 0 decimal places, e.g. 2% and asset turnover to 1 decimal place, e.g. 6.2)
Without new products
With new products
Return on assets
International sidering offerings, xut offer compl step up with New Products Sales 2,145.20 Average tel Without new products with now products ej abou: red Riddick, bring. Th producti depart
%
%
Profit margin
%
%
Asset turnover
Answer:
I don't know sorryyyyyjdkd
The computation of the Lymen International Company's return on assets, profit margin, and assets turnover, both with and without the new product line, is as follows:
a) Return on assets = Net Income/Average total assets
Without New Products With New Products
Net income $488,900 $885,800
Average total assets $5,282,800 $13,930,400
= 9% 6%
b) Profit margin = Net Income/ Sales revenue
Without New Products With New Products
Sales revenue $12,149,200 $16,618,200
Net income $488,900 $885,800
= 4% 5%
c) Asset Turnover = Net Sales / Average Total Assets
Without New Products With New Products
Sales revenue $12,149,200 $16,618,200
Average total assets $5,282,800 $13,930,400
= 2.3 x 1.2 x
How useful are accounting ratios?The accounting ratios above help investors understand the efficiency, profitability, and effectiveness that companies achieve when compared with previous years or with competitors.
For instance, the assets turnover ratio helps investors understand Lymen International Company's effectiveness in using its assets to generate sales.
Data and Calculations:Without New Products With New Products
Sales revenue $12,149,200 $16,618,200
Net income $488,900 $885,800
Average total assets $5,282,800 $13,930,400
Total assets = $10,565,600 $2,786,0800
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Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2.00 per 12 oz. bottle. The following data has been collected: Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is
Answer:
$0.40
Explanation:
Total Cost of Goods Sold = Sales revenue - Desired profit
Total Cost of Goods Sold = ($2*50,000) - $70,000
Total Cost of Goods Sold = $100,000 - $70,000
Total Cost of Goods Sold = $30,000
Target cost per bottle = Total cost of goods sold / Units sold
Target cost per bottle = $20,000/50,000
Target cost per bottle = $0.40
So, the target cost per bottle will be $0.40