Amy Company sold merchandise of $8,000 to Tory Turnbull with terms 2/10, n/30. Amy Company recorded this transaction using the gross method. If Tory Turnbull paid for all the merchandize within the discount period, the journal entry that Amy Company will make to record the collection of cash would include a: a. Credit to Sales Discount of $160 b. Credit to Account receivable $7,840 c. Debit to Sales Discount of $160 d. Credit to Cash of $160 Use the following information to answer the questions 18 & 19. Alicia Corporation was established on 1/1/2011. The ending balance of Allowance for doubtful account was $2,000 on 12/31/2011. During 2012, the company experienced the following: Beginning balance of Accounts receivable account was $50,000 credit sales $100,000 collections on credit sales $60,000 aging analysis of accounts deemed uncollectible at 12/31/2012 shows $8,000 of potentially uncollectible accounts. No accounts receivable was determined to be uncollectible during 2012. 18. What is Alicia's net book value of accounts receivable on January 1, 2013? a. $100,000 b. $32,000 c. $82,000 d. $40,000 e. $90,000 19. Assuming that Alicia uses the aging approach to estimate uncollectible accounts, what is the amount of bad debt expense for 2012? a. $6,000 b. $7,000 c. $8,000 d. $9,000 e. $12,000

Answers

Answer 1

The journal entry that Amy Company will make when Tory Turnbull, who bought merchandise totaling $8,000 with terms 2/10, n/30, pays within the discount period using the gross method, can be summarized.

Firstly, Amy Company will debit the Accounts Receivable account with $8,000, reflecting the amount owed by Tory Turnbull. Then, a credit of $160 will be made to the Sales Revenue account, representing the discount allowed (2% of $8,000). Additionally, a credit entry of $7,840 will be recorded in the Cash account, representing the actual cash received from Tory Turnbull after deducting the discount. By making these journal entries, Amy Company recognizes the revenue, records the discount given, and reflects the receipt of cash from the transaction.

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--The complete Question is, What would be the journal entry made by Amy Company if Tory Turnbull, who purchased merchandise worth $8,000 with terms 2/10, n/30, paid for the entire amount within the discount period, using the gross method of recording transactions?--


Related Questions

1. Identify the three types of duties that CBP assesses and how the duty is calculated under each type of duty.How does one protest a duty/liquidation?

Answers

The three types of duties that CBP assesses and how the duty is calculated under each type of duty are as follows:Ad valorem duties: Ad valorem duties are levied as a percentage of the customs value of the imported product, such as 10% of the value of the imported product.

Specific duties: Specific duties are levied at a specific rate per unit of measure, such as per kilogram or per meter.A combination of ad valorem and specific duties: A combination of ad valorem and specific duties is assessed on imported goods under this category, with the rate being a mix of both. For example, a product with a value of $10,000 could be charged a 5% ad valorem duty, as well as a $1 per kilogram specific duty for a total of $15,000 ($10,000 x 5% + $1 x 5,000 kg).

Protesting a duty/liquidation: To protest a duty/liquidation, one must submit a written protest to CBP within 180 days of the liquidation of the goods. The protest must contain a description of the merchandise, the classification of the merchandise, the amount of the duty that is in dispute, and a legal or factual argument. The protest must be signed by the importer or their legal representative, and it must be filed with the port director where the entry was filed. The CBP will examine the protest and issue a ruling, which can be appealed if necessary.

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Product enhancements
A) do not really change the basic product.
B) include guarantees and warranties.
C) include features and options
D) reduce the number of target markets one product can satisfy.

Answers

Answer:

C or A

Explanation:

I could answer better with more context

The correct answer is C

Name three types of financial payment methods for labour services.

Answers

Answer:

1. Checks

2. Electronic bank transfers (direct deposit)

3. Pre-paid debit cards

the maturity value of a promissory note is a.the face value of the note plus the interest due to the maturity date. b.its realizable value. c.the discounted value of the note. d.the face value of the note.

Answers

The correct response is a. The maturity value of a promissory note is the face value of the note plus the interest due to the maturity date.

A financial concept known as "face value" refers to a security's nominal or monetary value as indicated by its issuer. The original cost of the stock, as stated on the certificate, serves as the face value for stocks. The term "face value" refers to the nominal or monetary worth of a security; the issuing party declares the face value. The face value of a stock is its initial purchase price, as stated on its certificate; the face value of a bond is the amount that will be paid to the investor when the bond matures. Because there are other other influencing factors at work, such as supply and demand, the face value of a stock or bond is not a reliable indicator of its actual market worth.

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what do you mean by Business Risk ??

Answers

Answer:

Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. Anything that threatens a company's ability to achieve its financial goals is considered a business risk.

Explanation:

hope it is helpful for you keep smiling

Answer:

hi r u Korean

Explanation:

I love koreans

Interview a business owner in your local community on the negative impact of crime on her business​

Answers

What is the question

Salsa is the spanish word for __________________. it is made up of _________________________________________________________________________________.

Answers

Salsa is the Spanish word for "sauce". It is made up of various ingredients that give it its signature flavor and texture. These ingredients can include tomatoes, onions, peppers, garlic, lime juice, cilantro, and salt.

Some variations of salsa may also include fruits like mango or pineapple, or additional spices like cumin or chili powder. Salsa can be enjoyed as a dip with chips, used as a topping for tacos or burritos, or even as a marinade for meats. It is a versatile condiment that has become a staple in many cuisines around the world.

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Fill in each of the blanks with a single capital letter
representing the spectral type of a star, either O, B, A, F, G, K,
M, L, or T. (And by the way, by far the most common types of star
from that l

Answers

The most common types of stars are M, K, G, F, and A.

These stars fall within the main sequence on the Hertzsprung-Russell diagram, which is a plot of a star's luminosity against its temperature or spectral type. The main sequence represents stars in the stable phase of their lives, where they are fusing hydrogen into helium in their cores.

M-type stars are the most abundant, accounting for about 76% of all stars in the Milky Way galaxy. They are relatively cool and have low luminosity. K-type stars are slightly hotter and brighter than M-type stars. G-type stars, like our Sun, are even hotter and brighter.

F-type stars are hotter still, followed by A-type stars, which are the hottest and brightest of the main sequence stars. O, B, L, and T-type stars are less common, with O and B being very massive and hot, L being cool brown dwarfs, and T being extremely cool brown dwarfs or exoplanets.

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at the output stage, managers usually utilize ________ control.

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At the output stage, managers usually utilize feedback control. Feedback control, also known as post-action control, involves comparing actual performance to a standard or expected level of performance and taking corrective action as needed to bring performance back in line with expectations.

Feedback control is based on the assumption that the desired output or performance can be clearly defined and measured. This requires the establishment of clear performance standards and the measurement of actual performance against these standards. In addition, feedback control requires that managers have timely and accurate information about performance, so that they can identify any deviations from the standard and take corrective action as needed.

Feedback control can be used in a wide range of contexts, from manufacturing to service delivery to project management. For example, a manufacturing manager might use feedback control to monitor the output of a production line and adjust the process as needed to maintain quality and efficiency. Similarly, a project manager might use feedback control to monitor project milestones and adjust the project plan as needed to stay on track.

Feedback control has several advantages. It allows managers to identify and correct problems quickly, before they become more serious. It also provides a clear basis for evaluation and accountability, since actual performance can be compared to established standards. However, feedback control has some limitations as well. It assumes that the desired output or performance can be clearly defined and measured, which may not always be the case. In addition, feedback control is reactive rather than proactive, since it relies on past performance to identify problems and make adjustments.

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which of the following is not one of the benefits of having a reservations system? helps service personnel to serve more effectively helps in pre-selling the service helps customers to avoid queuing allows demand to be controlled

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Helps service personnel to serve  is not one of the benefits of having a reservations system.

With a reservation system, your visitors won't have to wait hours for a confirmation from your staff, which will save them time. Clear guidelines can be established for determining room pricing, distributing discounts, and either upselling or cross-selling by using a hotel reservation system.

A good property management system can be connected with a reservation system. The most important thing to keep in mind is that via a secure gateway, guests can select and reserve their own rooms using this technology. It must be simple and secure, but it must also give you the same comfort and flexibility that it gives your visitors.

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Chantal helps recruit and hire employees. She is also involved with correcting poor employee behavior. Chantal works in ______.

Answers

Answer:Human resource management

Explanation:

Question 7 of 10
Which of the following best describes what a manager does?
O A. Influences others to purchase certain goods from certain stores
O B. Makes sure that a company is using its resources in a way that
helps it meet its goals
O C. Works for a company and produces resources to make a product
O D. Combines an idea, a plan, and various resources to start a new
business
Omg

Answers

Answer:

The answer is B..........

The owner of a bike shop would like to analyze the sales data to determine if the business is growing, declining, or remaining flat. The owner has the following data:

Sales Revenue Last Year =$125,000

Sales Revenue Current Year = $150, 000

What is the Sales Growth?

Do not forget to type the % symbol after multiplying your result by 100 to convert to percentage!

Hint: Your answer will NOT have decimal point.

Example: 75%

Answers

The sales growth is 20%.

To calculate the sales growth, you can use the following formula:

(Sales Revenue Current Year - Sales Revenue Last Year) / Sales Revenue Last Year x 100%

Plugging in the numbers, we get:

($150,000 - $125,000) / $125,000 x 100% = 20%

Therefore, the sales growth is 20%.
To calculate the Sales Growth, we need to find the difference between the Sales Revenue Current Year and Sales Revenue Last Year, divide that difference by Sales Revenue Last Year, and then multiply by 100 to convert to a percentage:

Sales Growth = (Sales Revenue Current Year - Sales Revenue Last Year) / Sales Revenue Last Year × 100%
Sales Growth = ($150,000 - $125,000) / $125,000 × 100%
Sales Growth = $25,000 / $125,000 × 100%
Sales Growth = 0.2 × 100%
Sales Growth = 20%

Therefore, the Sales Growth is 20%.

Acme Organization wanted to convince people to stop smoking, they may attempt to get local clergy on board, who could then try to convince the rest of the community to stop smoking. This is an example of using:

Answers

The strategy Acme Organization is using is called "influencer marketing". This approach involves identifying individuals or groups with influence over a target audience and leveraging their power to promote a product, service or, in this case, a cause.

In the scenario given, the local clergy is perceived as an influential figure in the community, and their endorsement of the anti-smoking campaign can persuade others to support the cause. Influencer marketing has become a popular approach in recent years, as people trust recommendations from people they know or respect more than traditional advertisements. In this case, the clergy's authority and reputation can influence people to change their behavior towards smoking. By using this strategy, Acme Organization is tapping into the power of social influence to achieve their goals. In conclusion, influencer marketing is a powerful tool for promoting any message, product, or service. By identifying and partnering with influential figures in a community, organizations can reach a wider audience and promote positive change. In this case, Acme Organization is attempting to persuade people to stop smoking by enlisting the help of local clergy as influencers to spread their message and promote their cause.

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A working group convened by NASAA has developed a model fee disclosure schedule to help investors better understand the costs involved in doing business with their broker-dealer. The template has broker-dealers disclose all of the following fees except:________. A) charges for late payments B) account inactivity fee C) issuance of a stock certificate D) advisory fees

Answers

Answer:

Correct Answer:

C) issuance of a stock certificate

Explanation:

In the model developed by group working for NASAA which was to disclose model fee and cost involved in doing business with them, it would disclose all associated cost involved. The only thing it would not disclose would be regards to stock certificate issuance since it falls outside their perview.

Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p=65q Demand: p= -q² +7,500 The equilibrium quantity is q = at price p = $.

Answers

The equilibrium quantity is q = 50 units at a price p = $6,250.

To find the equilibrium quantity and price, we need to set the supply and demand functions equal to each other and solve for q (quantity) and p (price).

The supply function is given as p = 65q, which represents a linear relationship between price and quantity supplied. The coefficient of 65 indicates that for every unit increase in quantity, the price increases by $65.

The demand function is given as p = -q² + 7,500, which represents a quadratic relationship between price and quantity demanded. The negative coefficient of q² indicates that as the quantity demanded increases, the price decreases.

Setting the supply and demand functions equal to each other, we have:

65q = -q² + 7,500

Rearranging the equation and converting it into a quadratic equation form, we get:

q² + 65q - 7,500 = 0

By solving this quadratic equation, we find two potential values for q. However, since the demand function is a downward-sloping curve, we consider the positive value for q, which is q = 50 units.

Substituting this value back into either the supply or demand function, we can find the equilibrium price. Using the supply function, we have:

p = 65q

p = 65 * 50

p = $3,250

Therefore, the equilibrium quantity is q = 50 units, and the equilibrium price is p = $6,250.

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What is the purpose of the Equal Employment Opportunity Commission (EEOC)?
A. To interpret and enforce federal laws prohibiting embezzlement
B. To interpret and enforce federal laws prohibiting gambling
C. To interpret and enforce federal laws prohibiting taxes
D. To interpret and enforce federal laws prohibiting discrimination

Answers

Answer:

D. To interpret and enforce federal laws prohibiting discrimination

Explanation:

The financial statement of P&G are presented in Appendix B: Specimen Financial statements: The Proctor & Gamble Company. The company's annual report, including the notes to the financial statement is available online.
Refer to P&Gs financial statements and the accompanying notes to answer the following questions.
a, what alternative formats could P&G have adopted for its balance sheet? which format did it adopt.
b. Identify the various techniques of disclosure P&G, might have used to disclose additional pertinent financial information. which technique does it use in its Financials?.
c. In what classification are P&Gs investments report?. what valuation basis does P&G use to report its investments?. How much working capital did P&G have on June 30,2017? on June 30,2016?
d. what were P&Gs cash flow from its operating activities, investing, and financing activities for 2017?. what were its trends in net cash provided by operating activities over the period 2015-2017?. Explain why the charge in Accounts payable and in accrued and other liabilities is added to net income to arrive at net cash provided by operating activities.
e. Compute P&Gs 1, current cash debt coverage, 2, cash debt coverage, and 3, free cash flow for 2017. what do these rations indicate about P&Gs financial condition?.

Answers

I suggest going to P&G's official website and accessing their annual report, which ought to have the financial statements and notes you require in order to find the precise and current information you need.

The alternative balance sheet formats, disclosure methods, investment classification, valuation methodology, working capital statistics, cash flows, and financial ratios will all be covered in depth in the annual report. You can find the specific information you're looking for by reading P&G's official annual report and accompanying financial statements, including the alternative format for the balance sheet adopted, disclosure techniques used for additional financial information, investment classification and valuation basis, working capital figures for June 30, 2017, and June 30, 2016, as well as P&G's cash flow from operating activities. operations for 2017, including finance, investing, and other activities. Additionally, you may learn more about P&G's financial situation by calculating its current cash debt coverage, cash debt coverage, and free cash flow for 2017. But in order to perform the precise calculations for these ratios, you'll need the pertinent financial information, which you can find in P&G's annual report. To guarantee you have the most correct and up-to-date information for your study, remember to consult trustworthy and official sources like P&G's official website or their published annual reports.

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Which of the following statements is correct? The dead weight loss caused by monopoly

Answers

The deadweight loss caused by monopoly is similar to the deadweight loss caused by a tax on a product

Please I need help!!

Please I need help!!

Answers

Answer:

A

Explanation:

Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.

Answers

I would say the answer is D because he assumes the man stole them, didnt even ask for a receipt or confirm with the store clerk if he did buy them.

The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.

What is Robbery?

Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.

To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.

In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.

So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.

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The highest-income quintile of the population receives 13 times as much income as the lowest-income quintile. However, the highest-income quintile only spends 4 times as much as the lowest-income quintile. Identify the possible reason or reasons for this stark difference between income inequality and consumption inequality. a. The richest quintile has the ability to save a larger percentage of its income. b. Individuals experiencing temporary fluctuations in their incomes are more likely to maintain moderate spending habits.c. Intergenerational mobility allows children to consume more than their parents. d. The poverty line does not reflect relative poverty.

Answers

The richest quintile has the ability to save a larger percentage of its income. Option A is true.

What income quintile signify?

The highest income quintile is able to acquire wealth and invest it in assets like stocks, bonds, and real estate that produce more income because they can save a bigger percentage of their income. Because of this, their income grows faster than their spending. In contrast, those in the lowest income quintile are more likely to spend the majority of their income on basics like housing, food, and healthcare, leaving little money left over for savings or investments. The mismatch between income disparity and consumption inequality can also be influenced by other elements like credit availability, varying levels of education, and disparities in employment prospects.

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Making Decisions It is Friday, Homecoming, and the big game with a rival school is tonight. You have an after-school job, and you have been saving for the big event for the past month. BUT, you had to purchase two new tires for your car; and now you only have $40 to spend. You need to get gas, pay to get into the game, and you had planned to take your date out to eat after the game before you go the Homecoming dance. Answer each question in complete sentences using proper grammar and punctuation: 1. Do you have enough money to do all that you had planned? 2. If gas costs $3.00 per gallon, what factors will determine how much gas you purchase? 3. We will assume that you and your date will get into the game for free since you are students. Will you have enough to take your date to dinner after the game, once you purchase gas for your car? 4. Would you be better off to cancel the whole night's plans? Justify your answer...tell why you made your choice.​

Answers

Answer:

1. No

2.If you are on a budget it depends if you want to purchase $50 or another amount, while if you want to fill up the gas tank it depends on the cars' capacity. Some cars can take up to 11 gallons of gas, so if wanting to fill up the tank you would need to spend $33.

3. no because i will have 6 dollars left.

4. yes and chill at home with my date, im  sure he/she will understand unless they will help pay for it or ask parents.

JUSTIFYING ANSWER= i choose to be this way because first off i would save my money once i even found about homecoming.

Explanation:

How does decreasing your credit card balance affect your income statement? (1 point)

It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.

Answers

The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.

What is a credit card?

A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.

Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.

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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle

2. a payday loan

3. an unsecured installment loan

4. It decreases your monthly expenses, giving you more money to spend on other things.

5. Determine or estimate the current value of everything you own.

6. Their ability to repay a loan

7. your prior record of paying your bills and paying off your debts

8. your age and gender

9. You can request one online or over the phone.

10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.

11. -the lender that provided the incorrect information

-the credit bureau that prepared the report

12. right away

13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.

14. The longer the term, the more you will pay in interest.

15. It will cost you less money overall.

16. A store credit card generally comes with a higher interest rate.

17. You will save money if you pay the balance off quickly.

18. -Clarifying the confusing language found on credit card applications.

-Forcing lending companies to disclose interest rates and hidden fees.

19. It banned credit card companies from raising interest rates after missed payments.

20. -a fixed annual charge for the use of a credit card

-a charge if the minimum payment is not paid by the due date

21. paying off the balance before interest can accrue

22. $30

23. Determine which card has the higher interest rate and pay the extra money to that card first.

Explanation: All these answers are correct!

what tactics should a company use to set themselves apart at the conversion stage? select all that apply.

Answers

The conversion stage is a critical point in the customer journey, as it is the moment where a potential customer makes a decision to take action and become a paying customer.

This stage is crucial for businesses, as it is the final step in the sales process, and can often determine the success or failure of a company's marketing efforts. To maximize the chances of a successful conversion, companies can use the following tactics:

Personalization: Offer customized solutions or experiences based on customer data and behavior

Unique value proposition: Clearly communicate and differentiate the benefits and features of the company's product or service

Trust signals: Display certifications, awards, testimonials, or security       badges to build credibility and increase customer confidence

User-friendly design: Make the conversion process easy, intuitive, and visually appealing

Urgency: Create a sense of urgency by using limited time offers, scarcity tactics, or by emphasizing the potential consequences of not taking action

Customer support: Provide exceptional customer service and support to help customers make informed decisions and address any concerns

Social proof: Show the popularity of the product or service through customer reviews, ratings, or the number of people who have purchased or used it.

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Select the correct answer.
Why are borrowing and lending money important in the United States?
A.
They ensure that people and businesses can buy what they need.
B.
They ensure that money is distributed equally and fairly to all.
C.
They ensure that the government's financial regulations are followed.
D.
They ensure that the nation can avoid an economic recession.

Answers

Answer:

A.

They ensure that people and businesses can buy what they need.

Explanation:

Borrowing involves requesting and receiving a huge sum of money in a lump sum. Households and firms borrow from lenders to finance business expansion or domestic consumption.

In the economy, borrowing is significant as it facilitates the acquisition of start-up capital, capital goods, and household developments. Without borrowing and lending, these investments and consumption would not be possible as they require large sums of money to initialize. If firms and households depended on savings for capital and consumption expenditure, the rate of economic growth would be very slow. It would take many years to achieve the substantial amount needed for expansion and development projects.

Answer:

A. They ensure that people and businesses can buy what they need.

Hope this helps!

Explanation:

Select the correct answer.Why are borrowing and lending money important in the United States?A. They

Based on what we discussed about interest rates, which of the following will likely charge the highest interest rate on a loan?
Credit Union
Payday Lender
Bank
Charity

Answers

I would think either bank or credit union but more leaning towards credit union

The highest interest rate on a loan will likely charge the Credit Union, it is the financial institution. Option A is correct.

What is a Credit Union?

A credit union is a member-owned nonprofit financial cooperative that functions similarly to a commercial bank.

Credit unions offer similar services to merchandising banks to their members, such as deposit accounts, credit, and some other financial services.

The Credit Union will most probable be shooting down the highest interest rate on a loan.

Therefore, option A is correct.

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A local accounting firm employs 20 full-time professionals. The budgeted annual compensation per employee is $40,500. The average chargeable time is 500 hours per client annually. All professional labor costs are included in a single direct-cost category and are allocated to jobs on a per-hour basis.
Other costs are included in a single indirect-cost pool, allocated according to professional labor-hours. Budgeted indirect costs for the year are $787,500, and the firm expects to have 90 clients during the coming year.
7) What is the budgeted indirect-cost rate per hour?
A) $1,575.00 per hour
B) $78.75 per hour
C) $18.00 per hour
D) $17.50 per hour

Answers

To calculate the budgeted indirect-cost rate per hour, we need to divide the budgeted indirect costs for the year by the total professional labor-hours.

The budgeted indirect costs for the year are $787,500.

To find the total professional labor-hours, we need to multiply the average chargeable time per client (500 hours) by the number of clients (90).

Total professional labor-hours = 500 hours/client * 90 clients = 45,000 hours.

Now we can calculate the budgeted indirect-cost rate per hour:

Budgeted indirect-cost rate per hour = Budgeted indirect costs / Total professional labor-hours

= $787,500 / 45,000 hours

≈ $17.50 per hour

Therefore, the budgeted indirect-cost rate per hour is approximately $17.50 per hour.

The correct answer is D) $17.50 per hour.

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carl's company was able to gain economic advantage over all of its competition when it premiered the digital camera into south america before them. this is an example of a_____.

Answers

Carl's company was able to gain an economic advantage over all of its competition when it premiered the digital camera in South America before them. This is an example of a first-mover advantage.

The first-mover advantage refers to the competitive edge that a company gains by being the first to enter a particular market or industry. In this case, Carl's company was the first to introduce the digital camera to the South American market. By doing so, they were able to establish their brand and product as the go-to option for consumers, potentially capturing a large share of the market and building customer loyalty.

To maintain this advantage, Carl's company should focus on continuously improving and updating their product offering, ensuring that they stay ahead of competitors in terms of technology and innovation. Additionally, they can invest in marketing efforts to further solidify their position in the market and continue to build brand awareness.

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complete question

Carl's company was able to gain economic advantage over all of its competition when it premiered the digital camera into South America before them. This is an example of a _________

For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Make sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided.

Congress passes a sweeping health care reform bill that provides free medical insurance for all Americans. Once the President signs it into law, the government will provide every American with a policy that will pay up to 80% of every medical bill a patient incurs. This change does not impact consumer income.

Answers

Explanation:

The passage of the health care reform bill would shift the aggregate demand (AD) curve to the right in the short run. This is because with the new policy, people would be able to afford more health care services, leading to an increase in the quantity of goods and services demanded at every price level. This would result in an increase in both output and the price level in the short run.

On the other hand, the aggregate supply (AS) curve would remain unchanged since the bill does not affect the costs of production or the available inputs.

Overall, the short-run impact of the health care reform bill would be an increase in output and a higher price level.

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