Determine the selling cost for a sales person whose gross sales were $ 50,000.00 , whose customer returns were $ 10,000.00 and gross earnings were $ 4,000,00 :
Answers
The selling cost for the salesperson can be determined by subtracting the customer returns from the gross sales to calculate the net sales.
Then, the gross earnings are divided by the net sales to find the selling cost percentage. Finally, the selling cost is calculated by multiplying the net sales by the selling cost percentage. In this case, the gross sales were $50,000.00 and the customer returns were $10,000.00. Therefore, the net sales can be calculated as $50,000.00 - $10,000.00 = $40,000.00. The gross earnings were $4,000.00. To determine the selling cost percentage, we divide the gross earnings by the net sales: $4,000.00 / $40,000.00 = 0.1 or 10%. Finally, to find the selling cost, we multiply the net sales by the selling cost percentage: $40,000.00 * 10% = $4,000.00.
Learn more about net sales here:
https://brainly.com/question/29857652
#SPJ11
Related Questions
Consider the following table outlining the inventory movements for company Move Ahead Ltd during the year to 31/12/2022:
date
transaction
units
unit price
01/01/2022
opening inventory
500
25
07/02/2022
sale
200
50
02/04/2022
purchase
600
28
01/05/2022
purchase
300
32
02/08/2022
sale
800
40
02/11/2022
purchase
600
36
13/12/2022
sale
300
45
Calculate the cost of goods sold and the final inventory for the year ended 31/12/2022 using perpetual average cost. Show your calculations.
Calculate the cost of goods sold and the final inventory for the year ended 31/12/2022 using LIFO. Show your calculations.
Without making any calculations, would final inventory have been higher or lower using FIFO instead? Justify your answer
Answers
Perpetual average cost method: Under this method, the cost of goods sold and the ending inventory are calculated each time a sale occurs.
The average cost is recalculated each time a purchase is made and the inventory is updated. Thus, we have to calculate the total cost of purchases during the year and divide it by the total number of units available for sale throughout the year. The average unit cost is then multiplied by the number of units sold during the year to calculate the cost of goods sold.
For the final inventory, the average unit cost is multiplied by the number of units that remain unsold on 31/12/2022. Let's calculate the cost of goods sold and the final inventory using perpetual average cost. Calculation of the cost of goods sold and the final inventory using perpetual average cost:
LIFO (last-in, first-out) assumes that the most recent items added to a company's inventory are sold first. Therefore, under this method, the cost of goods sold is based on the cost of the most recently acquired inventory, while the cost of the ending inventory is based on the cost of the oldest inventory that remains unsold. Let's calculate the cost of goods sold and the final inventory using LIFO.
Calculation of the cost of goods sold and the final inventory using LIFO:
Cost of goods sold = 200*25 + 600*28 + 300*32 + 800*32 + 300*36 = 39700
Ending inventory = 500 + 600 + 600 - 200 - 800 = 700 units
Value of ending inventory = 700 * 36 = 25200
This results in a lower cost of goods sold and a higher value of inventory, which could make the company look more attractive to investors.
To know more about goods visit:
https://brainly.com/question/29426090
#SPJ11
a nurse manager uses a style where workers perform according to unit policy and procedures to earn rewards and thus gains follower loyalty. which management style? A. Relational B. Transactional C. Effective
Answers
A nurse manager employs a style that encourages employees to follow unit policies and procedures in order to get rewards, building follower loyalty. The management style described is transactional. Here option B is the correct answer.
Transactional leadership involves the use of rewards and punishments to motivate employees to follow policies and procedures and achieve specific goals. This type of leader operates under the assumption that employees are motivated by incentives, and that the role of the leader is to ensure that these incentives are properly aligned with the organization's goals.
In the described situation, the nurse manager is using rewards to motivate employees to follow unit policies and procedures. This management style is appropriate in situations where employees are performing routine tasks and where consistency and efficiency are critical to success.
Transactional leaders are also effective in situations where a leader must quickly take charge and make decisions, such as in emergency situations. Overall, while transactional leadership can be effective in certain situations, it may not be the most effective style in situations where employees require more autonomy and creativity to succeed.
To learn more about management style
https://brainly.com/question/28422699
#SPJ4
Michelle docker has selected a Sonic Electric toothbrush that is on sale for 25% off. She also has a store coupon that reads "Take 15% off any already reduced price." How much will she pay for the toothbrush if she was originally Priced 79.99? What is the rate of Reduction?
Answers
The rate of reduction on the Sonic Electric toothbrush is 36.25%.
What is the rate of reduction?A sale and a coupon would reduce the price of an item.
Price of the toothbrush after the sales discount = original price x (1 - reduction)
$79.99 x (1 - 0.25)
$79.99 x 0.75 = $59.99
Now, we would determine the price of the toothbrush after the coupon has been used.
Price after coupon = reduced price x ( 1 - 0.15)
$59.99 x 0.85
= $50.99
Rate of reduction = [( final reduced price / original price)] - 1 x 100
[(50.99 / 79.99)] - 1 x 100 = 36.25%
To learn more about how to calculate discounts, please check: https://brainly.com/question/26061308
#SPJ1
contests addie is entering a contest in which she needs to make a piece of clothing entirely out of duct tape. if her budget for tape is $100 and each roll costs $2.50 after sales tax, how many rolls of tape can addie buy?
Answers
If contests addie is entering a contest in which she needs to make a piece of clothing entirely out of duct tape. if her budget for tape is $100 and each roll costs $2.50 after sales tax. The number of rolls of tape that addie can buy is 40.
How to find the number of rolls of tape?Using this formula to find the number of rolls of tape
Number of rolls of tape = Budget for Tape / Roll costs after sales tax
Where:
Budget for Tape = $100
Roll costs after sales tax = $2.50
Let plug in the formula
Number of rolls of tape = $100 / $2.50
Number of rolls of tape = 40 rolls
Therefore the Number of rolls of tape is 40 rolls.
Learn more about Number of rolls of tape here:https://brainly.com/question/11847371
#SPJ1
What are some reasons that a bank statement might not match a cash balance of a business's records? Choose all answers that are correct.
Question 1 options:
posted payments on credit cards
bank errors
outstanding deposits
service charges
recorded checks
outstanding checks
Answers
Answer:
outstanding deposits, outstanding checks, posted payments on credit cards
Explanation:
Bank errors, Outstanding Deposits, Service Charges, and Outstanding checks are some reasons that a bank statement might not match the cash balance of a business's records. The correct options are B, C, D, and F.
What information does a bank statement provide?Name, address, account number, and bank branch information are all listed on bank statements for account holders. Additionally, a summary table that displays the statement's time frame, opening and closing bank balances, deposits made to the account, refunds, and cash withdrawals is included. In addition, fines levied by your bank as well as declined or canceled payments will appear on your statements.
Differences between the two records could be the result of Deposits in transit: The firm may have received cash or cheques, but the bank may not have yet recorded them. Outstanding checks are ones that have been issued but have not yet been processed. Bank service fees: Banks frequently deduct service fees.
Thus, the ideal options are B, C, D, and F.
Learn more about Bank Statement here:
https://brainly.com/question/22786262
#SPJ2
Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
Answers
hope it helps
Because the government owns most of the urban land and uses it for fire, police, government buildings, parks, and roads, as well as holds zoning and tax violation rights over the rest, the government applies ____________ over urban land.
Answers
Based on the given scenario the government applies eminent domain over urban land.
What is eminent domain?Eminent domain can be defined as the way in which government take over private property or private land so as to turn those private property into public use.
Government can use eminent domain to collect a person or an individual property or land without the approval or consent of the owner of the property.
Inconclusion the government applies eminent domain over urban land.
Learn more about eminent domain here:https://brainly.com/question/4281421
can someone tell me what car u like bc i need inspo, like a V6 or something
Answers
Answer:
My personal favs are the Ford GT 2017, the Lamborghini Veneno, the Aston Martin Vulcan, and the Koenigsegg Jesko.
A server finds a full napki-lined basket of dinner rolls on a table after a costumer has left the establishment. According to the FDA food code, what should the server do with the rolls and napkins
Answers
Answer:
throw them out
Explanation:
food can become contaminated you cannot re-serve to another customer
If such a situation should occur where the server finds dinner rolls after the customer has left, the appropriate thing to do is to remove the napkin from the basket and discard the rolls.
FDA food codes were made to reduce the risk of food being contaminated so as to reduce health risks to others.
When a server find a napkin lined basket with dinner rolls, they should remove the napkin and replace it with another in the basket. They should also discard the rolls instead of offering it to someone else as the rolls could be contaminated.
In conclusion, the server should remove the napkin and discard the rolls.
Find out more about FDA food codes at https://brainly.com/question/9296491.
a) Provide the moving average representation of a random walk model (without a drift component). What does this representation suggest? [6 marks]
b) When comparing the goodness of fit of two possible models, you note that model A provides an Akaike Information Criterion (AIC) value of 65.3, whilst model B provides value of 55.2. Which model is more likely to be responsible for the underlying data- generating-process?
Answers
Model B's lower AIC value (55.2) suggests it is a better representation of the data-generating process, considering the goodness of fit and model complexity.
a) The moving average representation of a random walk model without a drift component can be represented as:
Y(t) = Y(t-1) + ε(t)
This representation suggests that the current value of the random walk process (Y(t)) is equal to the previous value (Y(t-1)) plus a random shock or error term (ε(t)). In other words, the process evolves over time by adding a random noise term to the previous value.
The absence of a drift component in the random walk model indicates that the process does not have a systematic tendency to move in a particular direction over time. Instead, it is driven solely by random shocks, making it a non-stationary process.
b) Model B is more likely to be responsible for the underlying data-generating process as it provides a lower Akaike Information Criterion (AIC) value of 55.2 compared to Model A with a value of 65.3. The AIC is a measure of the relative quality of statistical models, where a lower AIC indicates a better fit to the data.
The AIC takes into account both the goodness of fit of the model and the complexity of the model. It penalizes models with more parameters, favoring simpler models that still adequately explain the data. Therefore, the lower AIC value of model B suggests that it provides a better trade-off between goodness of fit and model complexity, making it more likely to be the model that best represents the underlying data-generating process.
Learn more about random walk model here:
https://brainly.com/question/14895609
#SPJ11
complete the diagram of the circular of the economy. Some answers are listed twice on purpose
Answers
Answer:
dude there is no diagram or picture
tanning company analyzes its receivables to estimate bad debt expense. the accounts receivable balance is $366,000 and credit sales are $1,000,000. an aging of accounts receivable shows that approximately 3% of the outstanding receivables will be uncollectible. what adjusting entry will tanning company make if allowance for doubtful accounts has a credit balance of $1,600 before adjustment?
Answers
Debit: Bad Debt Expense - $9,380, Credit: Allowance for Doubtful Accounts - $9,380
This entry will properly account for the estimated uncollectible receivables and update the Allowance for Doubtful Accounts to the appropriate balance.
To estimate the bad debt expense for Tanning Company, you can use the information provided to calculate the necessary adjusting entry.
Based on the aging of accounts receivable, 3% of outstanding receivables ($366,000) are estimated to be uncollectible.
Uncollectible amount = $366,000 * 0.03 = $10,980
Since the Allowance for Doubtful Accounts has a credit balance of $1,600 before adjustment, you need to increase it to match the estimated uncollectible amount of $10,980.
Adjustment needed = $10,980 - $1,600 = $9,380
The adjusting entry will be:
Debit: Bad Debt Expense - $9,380
Credit: Allowance for Doubtful Accounts - $9,380
This entry will properly account for the estimated uncollectible receivables and update the Allowance for Doubtful Accounts to the appropriate balance.
Learn more about Doubtful Accounts here:
https://brainly.com/question/29892759
#SPJ11
What is the difference between a savings account and a checking account? (Select all that apply.)
Savings accounts pay higher interest than checking accounts.
Deposits in savings accounts, not checking accounts, are used by a bank to invest.
Savings accounts have more restrictions than checking accounts.
Savings accounts are covered more by the FDIC than checking accounts.
Answers
A checking account is a bank account you can write checks from, or access several other ways, which tends to make it your go-to, daily transaction bank account. A savings account is where you stash funds that you aren't ready to use yet, often with the goal of accumulating more.
the net book value of equipment reported on the balance sheet equals:
Answers
The net book value of equipment reported on the balance sheet equals the original cost of the equipment minus accumulated depreciation.
The original cost represents the amount the company paid to acquire the equipment, including any additional costs such as transportation and installation.
Accumulated depreciation, on the other hand, represents the total depreciation expense recognized over the useful life of the equipment. Depreciation is a method used to allocate the cost of an asset over its expected useful life.
By subtracting the accumulated depreciation from the original cost, the net book value provides an estimate of the equipment's current value or worth to the company.
Know more about depreciation here
https://brainly.com/question/14736663#
#SPJ11
loaby cipporations the indepensence or Ferry Pininey could be inpaired due to which of the following threat? tamilizirytreat narugrient paricipision these undor infiesce treit fruncis self-hteres sireat
Answers
The threat that impairs the independence of Lobby corporations and the Ferry Piney is the "Self-interest threat". The Self-interest threat occurs when an individual or organization prioritizes their own interest over those of the company or clients they serve.
The Self-interest threat undermines the reputation of the profession and increases the chances of unethical behaviour. Lobby corporations are organizations that are created to represent the interests of particular groups to political decision-makers. Lobbying activities help politicians to make informed decisions. The primary objective of lobbying corporations is to shape government policy.
Ferry Piney, on the other hand, is a ferry company that offers regular ferry service between Staten Island, New York City, and the Whitehall Terminal in lower Manhattan. Ferry Piney's main objective is to provide the best quality service possible for its passengers and to be profitable in the process. The independence of these two organizations is vital for their success. In the case of Lobby corporations, their independence ensures that they remain objective when representing the interests of their clients.
To know more about Self-Interest visit:
https://brainly.com/question/32921369
#SPJ11
Cost of preferred stock Determine the cost for the following preferred stock. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)
Par value Sale price Flotation cost Annual dividend
$110.00 $104.50 $6.60 12%
The cost of preferred stock is %
Answers
The cost of preferred stock for the given stock is approximately 13.48%. To determine the cost of preferred stock, we need to consider the annual dividend payment relative to the net issuing price.
The cost of preferred stock is determined by the dividend yield, which is the annual dividend payment divided by the stock's sale price. In this case, the annual dividend is calculated by multiplying the par value of the stock by the annual dividend rate (12%). The dividend yield is then calculated by dividing the annual dividend by the sale price. Finally, we convert the dividend yield into a percentage to determine the cost of preferred stock.
The cost of preferred stock can be calculated using the following formula:
Cost of Preferred Stock = Annual Dividend / Net Issuing Price
Let's calculate the net issuing price first:
Net Issuing Price = Sale Price - Flotation Cost
Net Issuing Price = $104.50 - $6.60
Net Issuing Price = $97.90
Now, we can calculate the annual dividend:
Annual Dividend = Par Value × Dividend Rate
Annual Dividend = $110.00 × 12%
Annual Dividend = $110.00 × 0.12
Annual Dividend = $13.20
Finally, we can calculate the cost of preferred stock:
Cost of Preferred Stock = Annual Dividend / Net Issuing Price
Cost of Preferred Stock = $13.20 / $97.90
Cost of Preferred Stock ≈ 0.1348
Therefore, the cost of preferred stock is approximately 13.48%.
The cost of preferred stock for the given stock is approximately 13.48%. This means that the company is expected to pay out dividends equivalent to 13.48% of the net issuing price of the preferred stock each year.
To know more about annual dividend, visit;
https://brainly.com/question/24353661
#SPJ11
indicate which of the following use modified accrual accounting? capital projects fund government-wide financial statements special revenue fund internal service fund a) no yes no yes b) yes no yes no c) yes no yes yes d) yes yes no no
Answers
The use of modified accrual accounting would be:
Capital projects fund: YesGovernment-wide financial statements: NoSpecial revenue fund: YesInternal service fund: NoThe correct answer is (b) Yes, No, Yes, No.
Modified accrual accounting is used by governmental funds (such as the capital projects fund and special revenue fund) in accounting for current financial resources and their inflows and outflows. It is not used in the government-wide financial statements or in internal service funds.
Option (a) is incorrect because the special revenue fund uses modified accrual accounting, not the government-wide financial statements.
Option (c) is incorrect because both the special revenue fund and internal service fund use modified accrual accounting, not just the special revenue fund.
Option (d) is incorrect because the capital projects fund and government-wide financial statements use different accounting methods, so they cannot both use modified accrual accounting.
Thus, option B is the correct answer.
You can learn more about accrual accounting at
https://brainly.com/question/30166319
#SPJ11
A popular soft drink is sold in 2-liter (2000-milliliter) bottles. Because of variation in the filling process, bottles have a mean of and a standard deviation of 16 milliliters, normally distributed. Complete parts a and b below.
Answers
Answer:
The answer is below.
Explanation:
The z score is a used in statistics to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:
\(z=\frac{x-\mu}{\sigma}\\\\where\ x=raw\ score, \mu=mean,\sigma=standard\ deviation\\\\For\ a\ sample\ size(n):\\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }\)
a) Given that n = 100, μ = 2000, σ = 18
For x < 1995 millimeters:
\(z=\frac{x-\mu}{\sigma/\sqrt{n} }=\frac{1995-2000}{18/\sqrt{100} } =-2.78\)
From the normal distribution table, P(x < 1995) = P(z < -2.78) = 0.0027
b) P(z > z*) = 10% = 0.1
P(z < z*) = 1 - 0.1 = 0.9
z* = 1.28
\(z*=\frac{x-\mu}{\sigma/\sqrt{n} }\\\\1.28=\frac{x-2000}{18/\sqrt{100} }\\\\x-2000 =-2.304\\\\x=2002.3\ ml\\\\\)
From the normal distribution table, P(z < z
Five years ago Tosev Inc. issued 30-year, $1,000 par value, semi-annual coupon bonds with a coupon rate of 9.10 percent. The bonds originally sold at a price of $1,010.32 per bond. Currently, those bonds have a market price of $1,118.15 per bond. The Chief Financial Officer of Tosev is currently considering issuing new bonds. These bonds will have a par value of $1,000, semi-annual coupon payments, a term of 25 years and a coupon rate of 8 percent. Due to differences in the legal provisions of the bonds, the Chief Financial Officer estimates that the yield to maturity on the new bonds will be one percent higher than the current yield to maturity on the old bonds. Based on the Chief Financial Officer's estimate, what would be the price per bond of the new bonds today?
A. $ 817.44
B. $ 896.67
C. $ 901.19
D. $1,000.00
E. $1,118.15
Which of the following statements is most correct?
A. If a bond's yield to maturity exceeds its annual coupon rate, then the bond will be trading at a premium.
B. If interest rates increase, the relative price change of a 10-year coupon bond will be greater than the relative price change of a 10-year zero coupon bond.
C. If a coupon bond is selling at par, its current yield equals its yield to maturity. (Hint: a bond's current yield equals annual coupon payment divided by current price).
D. Both a and c are correct.
E. None of the answers above is correct.
Answers
---------------------Explanation:
W Ell Inc. makes tires at a rate of 15,000 per week. It has three treaders, each with a capacity of 6,000 tires per week. It has enough rubber on hand to produce 30,000 tires. Ell employs 60 people on two shifts and does all its own shipping via 10 delivery trucks. Which is a lumpy asset for Ell? O a the rubber inventory O the delivery trucks O the employees O the treaders
Answers
The rubber inventory, Option a is Correct. A lumpy asset is an asset that is not easily converted into cash or does not generate cash evenly over time.
In the case of W Ell Inc., the rubber inventory is a lumpy asset because it is not easily convertible into cash and does not generate cash evenly over time. The rubber inventory is needed to produce tires, but it cannot be sold for cash. It is only useful when combined with the treaders, and even then, it can only be used to produce a limited number of tires before it needs to be replenished. This means that the rubber inventory is not a liquid asset and cannot be easily converted into cash to meet short-term financial needs.
In contrast, the delivery trucks, employees, and treaders are all more liquid assets because they can be easily converted into cash or generate cash evenly over time. The delivery trucks can be used to transport finished goods to customers, generating revenue in the process.
Learn more about inventory Visit: brainly.com/question/13439318
#SPJ4
The greenhouse effect is caused by ________. Group of answer choices the oceans, which absorb heat from the sun solar energy reflected back into space by clouds atmospheric gases, which trap heat radiated from Earth
Answers
Answer:
Atmospheric gases
Explanation:
The greenhouse effect is caused by atmospheric gases, which trap heat radiated from Earth.
Kaylin works in the Manufacturing career cluster. The daily tasks of her career involve looking at ways that her company is at risk for causing problems to the health of its workers. She also analyzes those problems and comes up with solutions to implement.
What job does Kaylin most likely have?
Occupational Health and Safety Specialist
Environmental Science and Protection Technician
Quality Control Analyst
Product Safety Engineer
Answers
Answer:
A-Occupational Health and Safety Specialist
Explanation:
Occupational Health and Safety Specialist. Hence, option A is appropriate.
What is the meaning of Health?A state of complete physical, mental, and social well-being is referred to as health. A balanced diet and consistent exercise are necessary for a healthy life cycle. Additionally, one needs to maintain appropriate hygienic practices, live in a decent shelter, and get adequate sleep.
Your lifestyle should include a commitment to good health. A healthy lifestyle can aid in the prevention of chronic diseases and debilitating conditions. Your self-esteem as well as self-image depend on how you feel about yourself and how well you take care of your physical and mental well-being. Living a healthy lifestyle means taking care of your body.
Personal health is divided into five categories: physical, emotional, social, spiritual, and intellectual.
The WHO Constitution defines "health" as "a condition of complete physical, mental, and social well-being and not only the absence of disease or disability." Balanced health is based on five pillars: activity, diet, sleep, stress reduction, and social interaction. While we can borrow from or swap out part of the balance in one area for another, when we take too much of too many of these fundamentals, our general health begins to deteriorate.
Hence, option A is correct.
Learn more about Health here:
https://brainly.com/question/30034245
#SPJ6
What are personal, property, and liability risks? What are examples of personal, property, and liability risk?
Answers
Answer:
Some examples of a personal risk include poor health and old age. Property risk includes having your property damaged by wind, lightning, etc. Liability risk is essentially you being responsible for something that happens that could lead to a lawsuit or anything of that nature.
Explanation:
A reference value involves a. comparing the costs and benefits of items from one particular manufacturer or distributor. b. products with which a consumer is familiar and items the consumer has not seen or used before.c. items of equal or greater value. d. substitute items.
Answers
Complete Question:
A reference value involves comparing the costs and benefits of?
Answer:
d. substitute items.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
Mathematically, the price elasticity of demand is given by the formula;
\( Price \; elasticity \; of \; demand = \frac {Percentage \; change \; in \; price}{Percentage \; change \; in \; demand} \)
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
Hence, a reference value involves comparing the costs and benefits of items substitute items.
A substitute item can be defined as a product (item) that a consumer sees as an alternative to another product (item) and as such would offer similar benefits or satisfaction to the consumer.
For substitute products (items), the cross-price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
Why might some investors become careless about their portfolios ?
Answers
Oakland Company paid $200 cash for various manufacturing overhead costs, not before recorded. How does this transaction affect the financial statements
Answers
The fact that Oakland Company paid $200 cash for manufacturing costs and overheads after these were recorded would lead to the financial statement effects of reducing assets and equity.
What happens when manufacturing overheads are paid?Because Oakland Company used $200 cash to pay for the manufacturing costs, the cash that the company holds will reduce. As cash is an asset, it means that assets will reduce as well.
Manufacturing overheads are a manufacturing expense which means that they will reduce the revenue and therefore the net income of the company. Net income is equity so equity will decrease as well.
Find out more on financial statements at https://brainly.com/question/16362041
#SPJ1
mcglone corporation had a 1/1/25 balance in the allowance for doubtful accounts of $40,000. during 2025, the company wrote off $28,000 of accounts and collected $8,400 on accounts previously written off. the balance in accounts receivable was $800,000 at 1/1 and $960,000 at 12/31. at 12/31/25, mcglone estimates that 5% of accounts receivable will prove to be uncollectible. what should mcglone report as its allowance for doubtful accounts at 12/31/25?
Answers
Mcglone should report its allowance for doubtful accounts at 12/31/25 as the sum of the adjusted balance and the estimated uncollectible amount is $68,400.
How to calculate the amount as allowance for doubtful accountsTo answer your question, let's go through the terms and calculate the allowance for doubtful accounts for Mcglone Corporation at 12/31/25.
1. Beginning balance in allowance for doubtful accounts (1/1/25): $40,000
2. Accounts written off during 2025: -$28,000
3. Collected on accounts previously written off: +$8,400
4. Accounts Receivable balance at 12/31/25: $960,000
5. Estimated uncollectible percentage: 5%
First, let's adjust the allowance for doubtful accounts based on the accounts written off and collections:
$40,000 - $28,000 + $8,400 = $20,400
Next, we'll calculate the estimated uncollectible amount at the end of the year:
$960,000 * 5% = $48,000
Finally, Mcglone should report its allowance for doubtful accounts at 12/31/25 as the sum of the adjusted balance and the estimated uncollectible amount:
$20,400 + $48,000 = $68,400
Learn more about doubtful accounts at
https://brainly.com/question/28944789
#SPJ11
TRUE / FALSE. firms that compete on overall cost leadership are not vulnerable if all rivals share a common input or raw material that contributes a significant amount to total costs.
Answers
It is false that firms that compete on overall cost leadership are not vulnerable if all rivals share a common input or raw material that contributes a significant amount to total costs.
In such a scenario, if there is a sudden increase in the price or scarcity of that input or raw material, all competitors relying on it will face higher costs. This can erode the cost advantage of firms competing on overall cost leadership and reduce their profitability. The vulnerability arises because competitors are affected equally by the change in input costs, potentially nullifying the cost leadership strategy.
Competing on overall cost leadership typically involves achieving operational efficiencies, economies of scale, and cost optimization across the value chain. However, if a significant input or raw material becomes more expensive or scarce, it can impact the cost position of all competitors regardless of their cost leadership efforts. Therefore, firms that compete on overall cost leadership need to monitor and manage their input costs to mitigate vulnerabilities and sustain their cost advantage.
To know more about firms,
https://brainly.com/question/31724871
#SPJ11
During World War II, many American companies focused on manufacturing materials for military use;
following the war and a return to a peacetime economy there was a resurgence in marketing research.
From the list below, identify which research strategy was introduced following World War II.
O very short surveys
O motivational research
customer rewards
O opinion polling
O focus groups
O experimental testing of products by consumers
Answers
American businesses specializing in producing supplies for the government have used customer incentives, motivational studies, and very brief surveys.
What is motivational research?The phrase "motivation research" is used to describe a variety of qualitative research techniques that were created to delve into consumers' minds and elucidate the hidden or subliminal motivations and objectives driving everyday consumption and purchasing habits. Marketing professionals benefit in a variety of ways from motivation research. They are able to adjust their marketing by better understanding why customers may or may not purchase their goods. The target market for various goods and services can also be determined with its assistance. Any letter of motivation should start out simply, mentioning the program you're applying for. Describe your future project's clear career purpose in the first place, as well as your selection of this specific PhD program.To learn more about motivational research refer to:
https://brainly.com/question/15002361
#SPJ1
A(n) ______ business is any firm that engages in cross-border trade or investment.
Answers
An international business is any firm that engages in cross-border trade or investment.
What is cross-border?
A cross border trade or investment is a trade or investment involving two or more countries where the parent company based in one country establishes another business in another country.
International businesses which are also known as the multinational companies transcends beyond one country since diversification of investments and trade is key to enhancing overall business performance
Find out more about international business on:https://brainly.com/question/14690606
#SPJ1