A company estimates that $1,000 of its accounts receivable is uncollectible at the end of the period and will make the following adjusting entry: (check all that apply). At the end of this section, students should be able to meet the following objectives:-Record the impact of discovering that a specific receivable is uncollectible.-Understand the reason that an expense is not recognized when a receivable is deemed to be uncollectible.-Record the collection of a receivable that has previously been written off as uncollectible.-Recognize that estimated figures often prove to be erroneous but changes in previous year figures are not made if a reasonable estimate was made.
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Students should be able to accomplish the following objectives by the conclusion of this section:
Keep track of the effect of learning that a certain receivable is uncollectible.Understand why a cost is not recorded when a receivable is judged uncollectible.Keep track of the settlement of a receivable that was previously written off as uncollectible.Recognize that estimated values are frequently incorrect, but modifications to previous year data are not made if a fair estimate was made.What is accounts receivable?Accounts Receivable (AR) are the revenues or payments received by the firm from consumers who have purchased products and services on credit. The credit term is usually brief, ranging from a few days to months or even a year in rare situations.
By the end of this part, students ought to be able to fulfill the following goals as :-
Keep note of the impact of discovering that a particular receivable is uncollectible.Discover why a charge is not noted when a receivable is determined to be uncollectible.Keep track of a receivable that was actually published off as uncollectible.Recognize that estimated values are usually inaccurate, but no changes are made to previous year data if a reasonable estimate was made.Learn more about accounts receivable here:
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Answer:debit to bad debts expense for $1000 and credit to allowance for doubtful accounts
Explanation:
Related Questions
What is the advantage of using a job scout? personal finance
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Domain knowledge. Tech recruiters know the fundamental aspects regarding the human component of technology development just as sales recruiters know which skills are in high demand among sales teams; and how people can proactively fit into the selling process. They know account-based, social, solution-based, and other methods of selling; and which type of selling credentials or experience matches each framework. Specialist job recruiters under retainer arrangement with top brands know the corporate culture and preferred worker personas of the companies they serve. This insider knowledge enables sales recruiters to orchestrate the best and longest lasting people-job matches in the industry.
Time-saving. Because sales recruiters operate with surgical precision, both employers and job seekers who use their services save considerable amount of time compared to casting very wide nets using traditional ways of job search. Sales recruiters unburden employers from the task of creating a shortlist of good candidates. They also help job seekers avoid doing multiple interviews for each company they apply to by simulating the filtering effect of the interview process for them.
Trust. Top sales recruiters know the terrain and the dynamics of what they are doing such that they consistently deliver acceptable outcomes. This reliability builds trust, especially among hiring managers who are often beset with hundreds of diverse resumes that require long, tedious hours of diligent review just to sift a few good candidates from hordes of unqualified applicants. Job seekers handled by leading sales recruiters get extra mileage on their application, as a result of employer trust.
Passion/driven to perform. Aside from being experts, specialist job recruiters are passionate about their role and are driven to perform because outcomes dictate their profitability. Like sales professionals, for example, sales recruiters need to “close winning deals” between a company and a sales applicant. The more such deals they close, the better their revenue and reputation get. That means you can expect job recruiters to share the responsibility of job-hunting for you.
Cost-effective (for job seekers). Some sales recruiters do not charge fees from job seekers up front. That means sales professionals can seek help from multiple job recruiters without paying anything until they successfully land a job. However, payback happens upon any successful onboarding. Some recruiters — especially those focusing on the C-suite — which provide premium services do require payment at the onset. Nearly all job recruiters charge participating employers for their specialist services, either via a retainer, contingency, or other types of arrangement.
Good hand in the negotiation table. Job recruiters have excellent negotiation skills, developed from years of balancing employer, job seeker, and sales recruiter priorities (they make money by playing off the relative values being exchanged by jobseekers and employers). These negotiation skills sometimes result to better compensation packages for jobs seekers but not always.
Game-changing career advice. Some specialist job recruiters provide crucial career advice for free. Because they need to close acceptable deals with employers, they need to prime all talents under their care for every hiring challenge ahead. As domain experts, they know which skills, certifications, or credentials a job seeker needs to successfully land a particular sales role. They even advise applicants on how they should behave and answer questions during interviews.
while examining an organization, a communication consultant notices that all the employees wear jeans and t-shirts to work everyday this is an example of an organizational... a. developmental process. b. espoused value c. artifact. d. assumption.
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The communication consultant noticed that all the employees wear jeans and t-shirts to work every day, which is an example of an organizational artifact. The option C is correct.
What's organizational artifactAn organizational artifact is a physical manifestation of an organization’s culture, beliefs, and values. In this case, the organization’s culture and values are that it is casual and comfortable, as seen by the choice of attire.
It could also be seen as a form of dress code for the employees. Espoused values are the values that an organization formally states as part of its mission and/or values statement.
Developmental process is a set of planned activities designed to bring about change in an organization. Assumption is an idea or belief that is taken for granted and accepted as true without any proof.
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Please need help with following question
Consider corporate bonds of two companies namely HR Inc and LR Inc with $1000 face value. Both the bonds pays a coupon of $50 and has maturity of 3 years. Moody’s ratings agency rate LR Inc as ‘Aaa’ whereas HR Inc as ‘C’. Your assessment of risk suggests that a ‘Aaa’ bond carries a risk premium of 3% and a ‘C’ rated bond has a 200 basis points risk premium above ‘Aaa’. As an investment consultant your are asked to value the two bonds assuming the 3-month US Treasury bond pays 3%.
Answers
The value of HR Inc and LR Inc bonds are approximately $363.11 and $368.65 respectively.
Given,
Face value of corporate bonds = $1000 Coupon amount = $50 Maturity period = 3 years Risk premium of 'Aaa' bond = 3% Risk premium of 'C' bond above 'Aaa' = 200 basis points
Let's find out the value of corporate bonds of two companies namely HR Inc and LR Inc:
Value of HR Inc bond = Coupon * PVIFA + Face value * PVIFi
Coupon = $50
Face value = $1000
n = 3 years
Interest rate = 3% + 2% (Risk premium of 'C' bond above 'Aaa') = 5% i.e. 0.05 PVIFA (3 years, 5%) = 2.723 PVIF (3 years, 5%) = 0.862
Value of HR Inc bond = 50 * 2.723 + 1000 * 0.862= $363.11 (approx)
Similarly,
Value of LR Inc bond = Coupon * PVIFA + Face value * PVIFi
Coupon = $50Face value = $1000
n = 3 years
Interest rate = 3% + 0.03 (Risk premium of 'Aaa' bond) = 6% i.e. 0.06PVIFA (3 years, 6%) = 2.673PVIF (3 years, 6%) = 0.840
Value of LR Inc bond = 50 * 2.673 + 1000 * 0.840= $368.65 (approx)
Hence, the value of HR Inc and LR Inc bonds are approximately $363.11 and $368.65 respectively.
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Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.
Answers
The net income earned is $240
The term net income refers to a company's net earnings. It is determined by subtracting total expenses from total receipts. The term total expenditure can refer to a variety of things, such as taxes, business expenditures, interest payments, fees, and depreciation. The calculation of shareholders' earnings per share is aided by net income.
1.
Dr. Account Receivable $5,760
Dr. Service charges $240
Cr. Service revenue $6,000
2.
Dr. Cash $5,760
Cr. Accounts receivable $5,760
Working Notes
Assuming all the sales are performed on the account first Then cash is received after the issuance of the invoice.
Service revenue $6,000
Less: Credit card expenses $ (240)
Net income $5,760
Service charges = $6,000 x 4% = $240
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How can a person become a dentist
Answers
Explanation:
It generally takes eight years to become a dentist: four years to earn a bachelor's degree as an undergraduate and four years to earn a DDS or DMD in dental school. If you're interested in specializing, you'll also need to complete a dental residency (more on that below).
brainliest please
the movement of cattle in large herds to a stockyard or market
Answers
Answer:
Its called a drive
Explanation:
The country of Southland produced $2,000 billion of output in one year. The population of Southland was 100 million, of whom 60 million were employed. What was average labor productivity in Southland?
a) $20
b) $33
c) $20,000
d) $33,333
Answers
The average labor productivity in Southland was d) $33,333.
The formula for the calculation of average labor productivity is output per employed person.
The formula is:
average labor productivity = output / employed
To solve for the average labor productivity in Southland, you have to substitute the given values into the formula:
average labor productivity = output / employed
= $2,000 billion / 60 million
= $33,333
Hence, the correct option is d) $33,333. The average labor productivity in Southland was $33,333.
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Beckenworth had cost of goods sold of $11,121 million, ending inventory of $3,789 million, and average inventory of $2,135 million. Its days' sales in Inventory equals: (Use 365 days a year.) Mariple Cholce 701 doys. 03. 543. 540. 124.4 days
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The correct option is 124.4 days.The days' sales in inventory formula is: Days' Sales in Inventory (DSI) = (Average Inventory / Cost of Goods Sold) * 365 days/year
Given the values given in the question:Cost of Goods Sold = $11,121 millionEnding Inventory = $3,789 millionAverage Inventory = $2,135 millionThe formula for days' sales in inventory can be calculated as:
DSI = (Average Inventory / Cost of Goods Sold) * 365 days/yearDSI = ($2,135 million / $11,121 million) * 365 days/yearDSI = 0.192 * 365 days/yearDSI = 70 daysHence, the answer is 124.4 days.
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She discovers that her local power company has a program where she can get on the job experience and go to school. What kind of program is this
Answers
This program sounds like a type of apprenticeship or co-op program.
Apprenticeship programs are typically offered by companies in skilled trades such as construction, electrical, and mechanical work, and provide on-the-job training and education to individuals seeking to learn a trade and gain practical experience. In this case, the power company offers such an opportunity. This program allows the individual to work for the company while also attending school to gain knowledge in their field of interest. It is a great way for someone to gain experience and develop skills in their chosen field, while also earning money and potentially getting a foot in the door for a full-time job.
Hope This Helps You!
why is training important
Answers
These reasons include:-
Increased job satisfaction and morale among employees.Increased employee motivation.Increased efficiencies in processes, resulting in financial gain.Increased capacity to adopt new technologies and methods.Increased innovation in strategies and products.Reduced employee turnover.write a paragraph about business stocks
Answers
Answer:
Stocks are securities that represent an ownership share in a company. For companies, issuing stock is a way to raise money to grow and invest in their business. For investors, stocks are a way to grow their money and outpace inflation over time.
When you own stock in a company, you are called a shareholder because you share in the company's profits.
Explanation:
which bonds have the higher coupon, all else equal?
secured debt vs. a debenture
subordinated debenture vs. senior debt
a bond with a sinking fund vs. one without
a callable bond vs. a non-callable bond
Answers
In general, bonds that are riskier or have less desirable terms will have a higher coupon rate to compensate investors for the additional risk or less favorable features. The correct option is A.
Therefore, a debenture (unsecured bond) is typically riskier than a secured bond and thus may have a higher coupon rate.
Similarly, a subordinated debenture, which is lower in priority in the event of default than senior debt, may have a higher coupon rate to compensate for the added risk.
A bond with a sinking fund, which sets aside money to pay off the bond over time, may have a lower coupon rate because the risk of default is reduced.Finally, a callable bond, which can be redeemed by the issuer before maturity, may have a higher coupon rate than a non-callable bond to compensate investors for the risk of having their investment called away before they receive the full return.
The correct option is A.
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Starplus Limited is well known for its focus on customer satisfaction and this is highlighted in the company profile. Their "About Us" page on their website tells a story of service and growth, all centred around their customers
Answers
Explanation:
Yes I agree Starolus limited is well know for it's focus on customer satisfaction.
Starplus Limited gives a priority to customer satisfaction. They treat their customers as God and this is the reason of their success which they have stated in their website.
Starplus Limited is a known brand all over the world and as soon as you land on their website and you scroll you can see their "About Us" page where they have described how their company have grown over the years and what it took them to reach the position where they are today at. All the activities of the company is centered around their customers.
Their website is designed in such a way that when you land to their "About Us" page you will observe the amount of earth and respect they have for their customers.
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3.
What is the importance of trade?
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at the world economic forum in davos, there were discussions regarding the value of the u.s. dollar. what determines the value of the dollar?
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The value of the U.S. dollar, like any currency, is determined by the market forces of supply and demand.
What determines the value of the dollar?Like with any other currency, the supply and demand factors in the market influence the value of the US dollar. The amount of one currency that can be exchanged for another is indicated by the dollar's exchange rate to other currencies.
Many variables, such as interest rates, economic growth, and geopolitical stability, influence the demand for the dollar. For instance, when interest rates are greater in the United States than in other nations, investors will need dollars to invest in American assets, which might raise the dollar's value. The demand for dollars may also rise if the U.S. economy is expanding more quickly than other economies because more people will want to invest in American companies.
Another crucial element is the currency supply. The U.S. Federal Reserve can boost the quantity of dollars by increasing money printing or by lowering interest rates, both of which could diminish the dollar's value. In contrast, if the Federal Reserve restricts the availability of dollars by tightening financial conditions or by raising interest rates, the value of the dollar may rise.
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Violet and Lilly are hosting a grand opening for their local bakery shop. What is the best research strategy for them to determine what baked goods to keep in stock the most?
A) Conduct a survey through a radio ad
B) Interview customers as they enter the shop
C) Post photos of the event on social media
D) Talk with grocery store managers
Answers
The best research strategy for Violet and Lilly to determine what baked goods to keep in stock the most is interview customers as they enter the shop. (Option B).
What is Research Strategy?A Research Strategy is a step-by-step action plan that directs your thoughts and efforts, allowing you to do research in a methodical and timely manner, resulting in good results and detailed reporting. The research strategy determines the overall direction of the inquiry.
The three most commonly used research methodologies are quantitative, qualitative, and mixed methods. The researcher anticipates the type of data needed to address the study question.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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A __________ breach of contract discharges the nonbreaching party’s duties and permits that party to sue for damages or __________ the contract and seek __________.
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A material breach of contract discharges the non breaching party’s duties and permits that party to sue for damages or revoke the contract and seek a temporary injunction.
A material breach allowed by the contract cannot even come close to being a breach, much less a significant breach, according to contract law. Additionally, the duties sum was not paid. You would have the right to sue if you ordered a computer online and only received the monitor because that would constitute a serious non breaching of the contract. There are numerous ways a contract might be broken, however the following are the most typical: Content Breach Impertinent Breach.
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Wasif would like to add some flair to text on a slide in his presentation. Which option can he use to create more dynamic graphics for his text?
fonts
WordArt
Format Painter
SmartArt
Answers
Answer:
I believe its WordArt but if not it is fonts.
Explanation:
Answer:
The answer is "WordArt".
Explanation:
WordArt is used in the Presentation. It is a tool that includes new versions of Word. It is normally used to make an organized presentation. It converts the text in dynamic graphics like 3D effects, outlines, and colors. other options are not correct that can be described as:
Fonts option provides simple text or fonts. Format Painter is a tool that copies format and pastes into another slide. SmartArt is a tool that provides shapes and It also provides an effect on these shapes.
the demand schedule for chicken feet, a dim sum delicacy served at some chinese restaurants, is shown in the table. although some people find the texture strange, others have developed a taste for it. price of chicken feet (per pound) quantity of chicken feet demanded (millions of pounds) in 2008 quantity of chicken feet demanded (millions of pounds) in 2018 $ 3.00 3.0 9.2 $ 2.50 3.2 9.9 $ 1.25 3.6 10.3 $ 1.00 4.1 12.2 $ 0.50 5.7 15.0 how many more chicken feet were demanded in 2018 , at a price of $3.00 a pound, than in 2008 ?
Answers
6.2 million more chicken feet were demanded in 2018 compared to 2008 at a price of $3.00 per pound.
To determine how many more chicken feet were demanded in 2018 than in 2008, specifically at a price of $3.00 per pound, we need to compare the quantities demanded for that specific price in both years.
In 2008, the quantity demanded at a price of $3.00 per pound was 3.0 million pounds.
In 2018, the quantity demanded at a price of $3.00 per pound was 9.2 million pounds.
To find the difference, we subtract the quantity demanded in 2008 from the quantity demanded in 2018:
Difference = Quantity demanded in 2018 - Quantity demanded in 2008
Difference = 9.2 million pounds - 3.0 million pounds
Difference = 6.2 million pounds
Therefore, 6.2 million more chicken feet were demanded in 2018 compared to 2008 at a price of $3.00 per pound.
This indicates an increase in demand for chicken feet over the years, as more people developed a taste for it despite the texture being considered strange by some. The higher quantity demanded suggests that the popularity of chicken feet as a dim sum delicacy has grown over time.
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The amount of money that you are able to charge to a credit card. If you exceed this limit, your purchase may not go through and you could be penalized.
Answers
Answer:
isnt that called your credit limit?
Explanation:
Describe the place utility of the product. Can you think of any improvements that
could be made to its place utility?
Answers
The utility may take on a variety of forms, including form utility, location utility, time utility, possession utility, and other forms. The degree to which these conveniences play a role in consumer choice is very variable from person to person.
What is place utility?Generally, The concept of place utility refers to the act of putting goods or services on the market in areas where they are conveniently accessible to customers.
Possession utility is the usage or perceived value that a customer receives from possessing and being able to utilize a product or service in a timely way. This might be in the form of either a practical benefit or emotional satisfaction.
Utility may be defined as the usefulness or value that customers get from a product, and there are four distinct categories of economic utility: form, time, location, and ownership.
The economic utilities provide assistance in analyzing consumer purchasing decisions and identifying the factors that influence such choices.
In order to boost customer happiness, improve sales, and propel revenues, businesses work hard to boost the usefulness of their goods and services, as well as the value that customers perceive those products and services to have.
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Kayla gathers her staff together at the end of the year and tells the group what goals she has chosen to set for the coming year. Each member assigned their tasks and asked to report back at the next staff meeting. Not all of the staff member are happy with their assignments, but they say nothing because they want to keep their jobs. This is an example of:
Answers
An authoritarian leadership is displayed by Kayla because of his firm decision to gathers her staff and tells them what goals she has chosen to set for the coming year.
What is an authoritarian leadership?An authoritarian leadership is a leadership style used by a leader who exercises full individual control over all decisions and little input from group member.
In conclusion, the authoritarian leadership is displayed by Kayla because of his firm decision to gathers her staff and tells them what goals she has chosen to set for the coming year.
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The City of Bamberg, which has a fiscal year end of December 31, issued a nine-month $2,000,000 bond anticipation note on July 1. The city is planning to renew or re-issue the bond anticipation notes for another six-month period when they mature. What would the Capital Projects Fund liability for the note be on December 31
Answers
The Capital Projects Fund liability for the bond anticipation note on December 31 would be $2,000,000.
The bond anticipation note was issued for a nine-month period starting from July 1. Since December 31 falls within this nine-month period, the full amount of the note ($2,000,000) would still be considered a liability for the Capital Projects Fund. It's important to note that the liability may change if the city decides to renew or re-issue the note for another six-month period after it matures. However, as of December 31, the liability remains at $2,000,000.
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charise is considering how much to charge for her small business’s products. charise is involved in
Answers
Charise is considering how much to charge for her small business’s products, this is known as pricing.
Pricing simply means deciding the amount that's required for a particular product. Pricing has to do with the value that's put to a product by a business or seller.
In order to set a price for a product, a business takes into consideration the cost involved and market conditions in order to set a reasonable price.
Since Charise is considering how much to charge for her small business’s products, then she is involved in pricing.
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There is not a deadline for the "T" part of the SMART goal-writing criteria.
2 points
True
False
Answers
Answer:
FALSE I know bc I just did it
Explanation:
In at least 150 words, analyze the relationships of users and participants in marketing research projects. Examine each group that makes up the structure of the marketin
Answers
Answer:
Financial markets offer some solace
Explanation:
Financial markets offer some solace: After tumbling the most in more than two months on Wednesday in the wake of the April consumer price data, the S&P 500 Index jumped on Thursday and Friday. Bond yields also retreated after a surge, suggesting no big fear of breakout inflation.#accelerationism
In HVAC systems, sensors are one of the most important components. i. What is the main function of the sensors? ii. Based on different HVAC variables, what kind of sensors are normally used in the intelligent buildings? iii. Explain the different sensors with their advantages and disadvantages Resistance temperature devices ► Thermistors Thermocouples (14 marks)
Answers
In HVAC systems, sensors play a crucial role in regulating indoor climate control. They measure various environmental parameters and send signals to the system for effective control. Different types of sensors are used in intelligent buildings based on HVAC variables. These sensors include temperature sensors, occupancy sensors, humidity sensors, carbon monoxide sensors, light level sensors, and pressure sensors. Each sensor serves a specific function and contributes to optimizing HVAC performance.
1. Temperature Sensors:
Temperature sensors, such as Resistance Temperature Devices (RTDs), thermistors, and thermocouples, measure ambient temperature. RTDs offer high accuracy and repeatability, while thermistors are highly sensitive and cost-effective. Thermocouples have a wide temperature range but lower accuracy compared to RTDs and thermistors.
2. Occupancy Sensors:
Occupancy sensors detect the presence of occupants in a space and help control HVAC systems based on occupancy. They contribute to energy efficiency by optimizing HVAC usage.
3. Humidity Sensors:
Humidity sensors measure moisture content in the air. They assist in maintaining appropriate humidity levels for occupant comfort and preventing moisture-related issues.
4. Carbon Monoxide Sensors:
Carbon monoxide sensors detect harmful gas presence, ensuring indoor air quality and safety.
5. Light Level Sensors:
Light level sensors monitor light intensity in a space, enabling daylight harvesting and controlling artificial lighting systems to conserve energy.
6. Pressure Sensors:
Pressure sensors measure air pressure within the HVAC system. They help monitor and regulate airflow, ensuring proper ventilation and system performance.
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ASAP!!
What does a most-favored-nation (MFN) status mean?
a. A country is exempt from product standards that make it expensive for goods to be imported.
b. A country has special licensing agreements with U.S. corporations.
c. A country pays the same tariffs as those paid by all MFN countries.
d. A country has a special exemption from all tariffs in the United States.
Answers
Answer:
c
Explanation:
the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%
Answers
It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).
What is Operating Leverage?The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.
Magnitude of operating leverage= 4.5
Old sales= $100000
New sales= $110000
Percentage increase in sales:
(New-old)/old = (110,000-100,000)/100,000
= 10%
Consequently, a percentage rise in profit might be anticipated:
sales percentage growth times the degree of operational leverage
= 10% * 4.5
= 45%
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