68Q. Bad Debt Cancellations (RFC) will occur automatically within the POS system.
Answers
Bad Debt Cancellations (RFC) are an important aspect of financial management for businesses, and should be managed carefully to ensure accurate accounting and financial reporting. The use of a POS system to automate these cancellations can help to streamline the process and reduce the risk of errors or oversights.
These cancellations occur automatically within the system, and refer to situations where a customer's debt has been deemed uncollectible and is therefore written off by the business. This may occur for a variety of reasons, such as the customer defaulting on payments or becoming insolvent.
When a Bad Debt Cancellation (RFC) occurs, it is important for the business to ensure that their accounting records are updated accordingly. This includes adjusting the relevant accounts to reflect the cancellation, as well as updating any tax records or financial statements that may be affected.
It is also important for businesses to have policies and procedures in place to manage bad debt cancellations and ensure that they are recorded accurately and in a timely manner. This may include monitoring customer accounts regularly, communicating with customers about outstanding debts, and taking appropriate steps to recover any funds that are still collectible.
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Related Questions
Milton Friedman argued that consumers are more likely to alter their behavior based on..
• changes in the unemployment rate.
• short-term changes in the economy.
• long-term changes in the economy.
• changes in the inflation rate.
Answers
Answer:
long-term changes in the economy
Explanation:
My daughter took the test and made 100
He asserted that consumers are likely to alter their behavior based on long-term changes in the economy.
Who is Milton Friedman?He is an American economist that is popular for his contributions in the realm of monetary economics.
He is one that the stated that because of a long-term changes in an economy, there is a possibility of alteration in the consumer's behavior.
Therefore, the Option C is correct.
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Crane Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows.
January
February
Sales $453,600 $504,000
Direct materials purchases 151,200 157,500
Direct labor 113,400 126,000
Manufacturing overhead 88,200 94,500
Selling and administrative expenses 99,540 107,100
All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,260 of depreciation per month.
Other data:
1. Credit sales: November 2021, $315,000; December 2021, $403,200.
2. Purchases of direct materials: December 2021, $126,000.
3. Other receipts: January—Collection of December 31, 2021, notes receivable $18,900; February—Proceeds from sale of securities $7,560.
4. Other disbursements: February—Payment of $7,560 cash dividend.
The company’s cash balance on January 1, 2022, is expected to be $75,600. The company wants to maintain a minimum cash balance of $63,000.
Prepare a cash budget for January and February in columnar form.
Answers
Cash Budget for January and February:
January:
Beginning cash balance: $75,600
Cash receipts:
Collections in the month of sale: 50% of January sales ($453,600) = $226,800
Collections in the first month following the sale: 30% of December credit sales ($403,200) = $120,960
Other receipts: Collection of notes receivable ($18,900)
Total cash receipts: $366,660
Cash disbursements:
Direct materials purchases: 60% of January purchases ($151,200) = $90,720
Direct labor: $113,400
Manufacturing overhead: $88,200
Selling and administrative expenses: $99,540
Other disbursements: Payment of cash dividend ($7,560)
Total cash disbursements: $399,420
Net cash inflow/(outflow): Cash receipts - Cash disbursements
$366,660 - $399,420 = -$32,760
Ending cash balance: Beginning cash balance + Net cash inflow/(outflow)
$75,600 - $32,760 = $42,840
February:
Beginning cash balance: $42,840
Cash receipts:
Collections in the month of sale: 50% of February sales ($504,000) = $252,000
Collections in the first month following the sale: 30% of January credit sales ($315,000) = $94,500
Other receipts: Proceeds from sale of securities ($7,560)
Total cash receipts: $354,060
Cash disbursements:
Direct materials purchases: 60% of February purchases ($157,500) = $94,500
Direct labor: $126,000
Manufacturing overhead: $94,500
Selling and administrative expenses: $107,100 (includes depreciation of $1,260)
Other disbursements: None mentioned
Total cash disbursements: $422,100
Net cash inflow/(outflow): Cash receipts - Cash disbursements
$354,060 - $422,100 = -$68,040
Ending cash balance: Beginning cash balance + Net cash inflow/(outflow)
$42,840 - $68,040 = -$25,200
The cash budget for January shows a negative net cash inflow of $32,760, resulting in an ending cash balance of $42,840. In February, the net cash inflow is also negative at $68,040, leading to an ending cash balance of -$25,200.
This indicates a cash shortfall in both months, falling below the desired minimum cash balance of $63,000. The company may need to explore options to increase cash inflows or reduce cash outflows to improve its cash position.
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Total sales: $60,230 Rate of commission: 6% on first $40,000
7% on next $10,000;
8% on sales over $50,000
Income: ?
Answers
Answer:
1000000 wdnjdkdidhxh fdjjxifid
Judd owns a struggling farm that is not making a lot of money. he wonders if he is doing something wrong and brings in an expert to teach him better methods for running his farm. judd most likely hired someone who works in:_____.
Answers
Judd most likely hired someone who works in Agribusiness. Thus option C is correct.
What is the farm?A farm can be defined as a place where the crops are sown and reaped. The individual who does this activity is called the farmer.
As Judd needs the help from a person regading the money and the methofd to increase the productivity.
Agribusiness, often known as a spore or a disease-causing insects, refers to the industry, companies, and study area of the supply chain in the agricultural and the bio-economy.
Therefore, option C is the correct option.
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The question is incomplete, the complete question will be :
Judd owns a struggling farm that is not making a lot of money. He wonders if he is doing something wrong and brings in an expert to teach him better methods for running his farm. Judd most likely hired someone who works in
Plant Systems.
Food Products.
Agribusiness.
Natural Resources.
Answer: C) Agribusiness
Explanation: I got it right.
Put the following events from computer history in the order they happened:
Drag
Drop
Drag events here with oldest at top
The World Wide Web becomes available to the public
Scientists at Bell Laboratories invent the transistor
Apple releases the iPhone
Herman Hollerith develops electronic tabulating machine
International Business Machines, or IBM, is formed
The Apple Il is released for home consumers
Jack Kilby invents the microchip
Answers
The sequencing of the following events with respect to computer history is as follows:
In 1890, Herman Hollerith introduced a machine of electronic tabulation.In 1911, IBM or an International business machine should be developed.In 1947, The scientist invented the transistor at Bell Laboratories.In 1958, Microchip was invented by Jack Kilby.In 1977, Home consumers should be released by the Apple II.In 1993, WWW or World wide web could be accessed by the public.In 2007, iPhone should be introduced by Apple.In this way, the above events should be ordered.
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Answer:
Answer in image
Explanation:
Which of the following statements about the research on equity theory is MOST accurate?
A) Research suggests that if people believe they are overpaid, they will increase their inputs.
B) Research suggests that if people believe they are underpaid, they will refuse to continue working.
C) Research suggests that if people believe they are underpaid, the quality of their work may become lower.
D) Research suggests that if people believe they are overpaid, they will ask for a pay cut.
Answers
The most accurate statement regarding the research on equity theory is option C) Research suggests that if people believe they are underpaid, the quality of their work may become lower.
Equity theory, developed by psychologist J. Stacy Adams, focuses on the perception of fairness in social exchanges, particularly in the workplace. It suggests that individuals compare their inputs (effort, skills, contributions) and outcomes (rewards, compensation) to those of others to determine whether they are being treated fairly.
Research on equity theory has consistently found that when individuals perceive inequity, particularly when they believe they are underpaid compared to others, it can have negative consequences on their work-related attitudes and behaviors. One of the common findings is that if people perceive themselves as underpaid relative to their coworkers, it can lead to a decrease in their motivation, job satisfaction, and commitment to their work.
However, it is important to note that individuals may respond differently to perceived inequity. Some may engage in behaviors to restore equity, such as seeking a pay raise or reducing their inputs. Others may experience decreased satisfaction and motivation but continue to work at the same level. Therefore, option C, which suggests that the quality of work may become lower if individuals believe they are underpaid, aligns with the findings of research on equity theory.
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Write the name of any five organic fertilizers and describe any one them.
Answers
One example of an organic fertilizer is compost. Compost is made from decomposed organic materials such as kitchen scraps, yard waste, and other biodegradable materials.
What is Fertilizers?
Fertilizers are substances added to soil or other growing mediums to provide essential plant nutrients that are deficient or absent in the soil. They are used to enhance the growth, yield, and quality of crops, and can be organic or inorganic in nature. Fertilizers contain essential plant nutrients such as nitrogen, phosphorus, and potassium, as well as other secondary and micronutrients that are important for plant growth and development. The use of fertilizers can help increase agricultural productivity and improve food security, but it is important to use them responsibly to minimize negative impacts on the environment.
Compost
Manure
Bone meal
Fish emulsion
Blood meal
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Becky makes $8.75 an hour plus benefits, which are an additional 13.5%.
How much does Becky make per hour including benefits? *
$9.20
$
O $9.95
O $9.93
O $8.88
Answers
Answer:
$9.93
Explanation:
Becky makes $8.75, the benefits are 13.5 % of $8.75.
Including benefits, Becky makes
=8.75 + ( 13.5 /100 x $8.75)
=$8.75 (0.135 x $8.75)
=$8.75 + $1. 18125
=$9.93125
=$9.93
In what position would you find pennies in a cash drawer?
a. Top right section
C. Bottom right section
b. Top left section
d. Bottom left section
WWW
Answers
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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l
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
You are a project manager in a strong matrixed organization. Your project plan has been approved, and therefore you have management backing to execute. A stakeholder notifies you of critical functionality for the end product, which is missing in the design document.
Your next step is to:
Answers
Answer:
Ensure the change request is documented and presented to the Change Control Board.
Explanation:
As a project manager in a strong matrixed organization, it is important to ensure that all stakeholders are involved in the project planning and design process. However, in the event that a stakeholder notifies me of critical functionality that is missing in the design document, my next step would be to assess the impact of this missing functionality on the project timeline, budget, and overall success.
After assessing the impact as a project manager, I would then work with the project team and the stakeholder to identify potential solutions or workarounds that could address the missing functionality. This may involve revising the project plan, adjusting the budget, or potentially adding additional resources to the project team. It is important to communicate any changes or adjustments to the project plan to all stakeholders, including management, to ensure that everyone is aware of the impact on the project timeline and budget. Additionally, I would work with the design team to ensure that any revisions to the design document are captured and documented appropriately. Overall, as a project manager in a strong matrixed organization, it is important to remain flexible and adaptable in the face of changing stakeholder requirements and to work collaboratively with all project team members to ensure project success.
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In
, people invest money in a company in exchange for the company’s
.
Answers
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answers
Answer:
What????..............
g if there is a recession, the fed would most likely: a. encourage banks to provide loans by raising the discount rate. b. restrict bank lending by raising the discount rate. c. restrict bank lending by lowering the discount rate. d. restrict bank lending by lowering the federal funds rate. e. encourage banks to provide loans by lowering the discount rate.
Answers
If a recession occurs, the Fed will most likely encourage banks to make loans by decreasing the discount rate.
What happens when there is a recession?A recession is a business cycle contraction that occurs when economic activity falls overall. Recessions often arise when consumer spending falls dramatically. A financial crisis, an external trade shock, an unfavorable supply shock, the bursting of an economic bubble, or a large-scale manmade or natural calamity may all induce this.
In a recession, economic production, jobs, and consumer spending all fall. Interest rates are also expected to fall as the central bank lowers interest rates to assist the economy.
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definition of a partnership
Answers
Answer: the state of being a partner or partners.
Explanation:
A partnership is a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates.
What is 3 + 3 and 2 +2 What is 1 + 1
Answers
Answer:
3 +3 = 6
2 + 2 = 4
1 + 1 = 2
6, 4, and 2 are 3 + 3 and 2 +2, 1 + 1 respectively.
What is basic addition?Adding at least two integers together is considered basic addition. Once they have mastered counting, students can begin learning basic addition. Students can utilize an addition chart as a learning aid by starting at the row with the first addend and working their way down to it.
The addition is a mathematical operation that combines two or more numbers to give a total or sum. The symbol for addition is "+" and the numbers being added are called addends. For example, in the equation 3 + 3 = 6, 3 and 3 are the addends and 6 is the sum. The addition is one of the four basic arithmetic operations, along with subtraction, multiplication, and division. It is used extensively in many areas of mathematics, science, engineering, and everyday life.
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Abc company is in the process of issuing bonds. The bonds have a stated interest rate of 6%, which is 2% above the current market rate. What effect will the two interest rates have on the bond issue price?.
Answers
Answer:
The issue price will be above the bond's face value.
Explanation:
Write H if the resource is a human resource, and NH if it is a nonhuman resource. 1.Machines
2.Tools
3.Workers
4.Land
5.Water
6.Capital
7.Labor force
8.Time
9.Entrepreneur
10.Process
Answers
1.H
2.H
3.NH
4.NH
5.H
6.NH
7.H
8.NH
9.H
10.H
Consumers might not realize that Philadelphia cream cheese and Jell-O products are made by the same company—Kraft. Philadelphia cream cheese and Jell-O are known as
Answers
Answer:
Jello-O and Philadelphia cream cheese, both made by kraft, are known as substitute goods.
Substitute goods are those goods that involve a similar action, or that produce a similar benefit. In this case, both goods are use to be spread over pastry, meaning that a person could buy both, but this person could also buy either one of the two without losing much benefit.
i need help please..
Answers
Answer:
Changes in technology can affect the demand for different products or the demand for related products. It can increase the market for a product by increasing the demand for a new product and making an older product obsolete
Explanation:
When a firm discovers a new technology that allows it to produce at a lower cost, the supply curve will shift to the right as well. ... A technological improvement that reduces costs of production will shift supply to the right, causing a greater quantity to be produced at any given price.
I need help with this. I would kindly appreciate if anyone could help me out. Thank you
Answers
Have you ever bought something you thought would make you happy, but in the end it didn't?
Answers
Answer:
ummmmmmmmmm yea, but it's all cool now hbu
At Just Right Thermostats, managers and workers share responsibilities, managers stress employee participation in all aspects of company decision making, and employment is long term. What theory of management does Just Right Thermostats follow
Answers
A checking account
-is a time deposit account
-never earns interest
-is a demand deposit account and may have a charge for each check written
-has a limited number of withdrawals
Answers
A classmate excitedly tells you of what he believes to be a good deal. He goes on and on about signing up for a free 30-day trial of ad-free music on your smartphone. You decline the offer because you have seen deals like these before. You explain that while he might be enjoying the new Selena Gomez and Miley Cyrus tracks now, he needs to be sure to cancel before the trial is up. The music company is hoping that you will feel indebted to them for all the free music that was streamed and allow the payment to process. This is one application of the
Answers
Answer:
reciprocity principle
Explanation:
A reciprocity principle is a form of socio-psychological principle in which individuals generally tend to pay back in good, and in any form of capacity for whatever favor they receive.
Hence, in this case, the music company is hoping the the "reciprocity principle" will work on consumers that subscribe to free music as they might wish to give back to the company based on consumers feeling indebted to them for all the free music that was streamed
a crafty operations manager has developed this decision tree to evaluate the alternatives for a planned expansion. if the probability of high demand is 0.6, what is the best course of action?
Answers
Compare the expected values and choose the alternative with the highest value, as that would be the best course of action.
Evaluate the alternatives for a planned expansionTo evaluate the alternatives for a planned expansion, a crafty operations manager has developed this decision tree.
If the probability of high demand is 0.6, the best course of action is to expand.
The probability of low demand is 0.4, and the cost of expanding when demand is low is 500,000.
The benefit of expanding when demand is low is 200,000, while the cost of not expanding when demand is high is 100,000.
The profit from expanding when demand is high is 700,000, while the cost of not expanding when demand is low is 300,000.
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so, Sanford factory would be the _________________ staff and Sanford Ops TPMs would be the ________________ via the planners
Answers
so, Sanford factory would be the production staff and Sanford Ops TPMs would be the manufacturing staff via the planners. Based on the information given in the question, it seems that the Sanford factory and Sanford Ops TPMs are both involved in the planning process. However, their specific roles may differ.
The term that would best describe the staff at the Sanford factory would likely be "production staff" or "manufacturing staff." These individuals are likely responsible for overseeing the actual production of goods at the factory, including managing machinery, overseeing assembly lines, and ensuring that products meet quality standards.
On the other hand, the Sanford Ops TPMs (which stands for "Total Productive Maintenance") would likely be considered part of the planning staff. TPMs are responsible for developing and implementing strategies to optimize equipment performance and reduce downtime, with the ultimate goal of improving overall efficiency and productivity. In this role, they would work closely with planners to identify potential issues, develop preventative maintenance plans, and continually improve processes to maximize output.
It's worth noting that there may be some overlap between these two groups. For example, production staff may also be involved in planning activities, such as identifying areas for improvement or suggesting changes to production processes. Similarly, TPMs may also be involved in the actual implementation of maintenance plans or other initiatives. Ultimately, the specific roles of each group may vary depending on the needs and goals of the organization.
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Describe ways in which a verbal/linguistic learner prefers to learn.
Answers
Answer:
People with verbal-linguistic learning styles learn best when taught using spoken or written materials. They prefer activities that are based on language reasoning rather than abstract visual information. ... They usually enjoy written projects, speech and drama classes, debate, language classes, and journalism.
Explanation:
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Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
Answers
We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
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When making a decison you should always go with your gut Instinct?
What makes the answer false?
Answers
Although, people say this is true it isn't. To make a correct decision you will need to think ahead. Consider the outcome of the situation and analyze the information you have to make a good decision. You don't always know what is right, this is why taking your time to make a decision is better.
Answer:
♡ greetings! ♡
-- here's what i think is the answer
what makes the answer false is that your gut instinct is not always right. you shouldn't always go by what your gut is saying, you should think about it or listen to your heart. in some situations, maybe ask someone what you should do and what decision is best for you if your confused.
have a great day! ʕ •ᴥ•ʔ ♡
~ madeline/madi ✧･ﾟ: *✧･ *:･ﾟ✧*
Explanation: