Answers
Resource typing is a continuous process designed to be as simple as possible to facilitate frequent use and accuracy in obtaining needed resources. The Option A is correct.
What is resource typing?Basically, a resource typing refers to the resources requested, deployed and used in incidents. The term "resource typing" establish a common language and defines a resource's (for equipment, teams, and units) minimum capabilities.
In conclusion, the resources typing allows managers to make better resource ordering decisions by describing the size, capability, and staffing qualifications of a specific resource.
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Related Questions
Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households
deposit $15,000 in currency into the bank, and the bank adds that currency to its reserves. What amount of excess reserves does the
bank now have?
Answers
Based on the concept of excess reserves and the available information, the amount of excess reserves the bank now has is $15,000
What is Excess ReservesThe excess reserve is a term that is used to describe the bank reserves held by a bank or financial institution over a reserve requirement for it set by a central bank.
Generally, the bank reserves for a commercial bank are represented by its cash holdings and any credit balance in an account at its Federal Reserve Bank.
To calculate the amount of excess reserves, we need to first determine the required reserves.
The required reserves can be calculated using the reserve ratio, which is the percentage of checkable deposits that banks are required to hold as reserves.
In this case, the reserve ratio is 20 percent. Therefore, the required reserves would be:
Required reserves = Reserve ratio * Checkable deposits
Required reserves = 0.20 * $100,000
Required reserves = $20,000
Since Third National Bank initially had reserves of $20,000, which is equal to the required reserves, there were no excess reserves.
After households deposit $15,000 in currency into the bank, the bank adds that currency to its reserves. Therefore, the bank now has $35,000 in reserves.
As there are now $35,000 in reserves and the required reserves are still $20,000, the excess reserves can be calculated as follows:
Excess reserves = Total reserves - Required reserves
Excess reserves = $35,000 - $20,000
Excess reserves = $15,000
Therefore, in this case, it is concluded that the bank now has $15,000 in excess reserves.
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The bank now has $15,000 in excess reserves.
The percentage of checkable deposits that banks must retain in reserves is known as the reserve ratio. The reserve ratio in this instance is 20 percent, which means that the bank must maintain reserves equivalent to 20 percent of its checkable deposits.
Initially, the Third National Bank has $100,000 in checkable deposits and $20,000 in reserves. If the reserve ratio is 20%, the necessary reserves would be $20,000, or 20% of $100,000.
The bank increases its reserves by $15,000 each time a household deposits money there. The bank's reserves rise by $15,000 as a result.
By deducting the required reserves from the total reserves, the amount of excess reserves is determined. After the deposit, the bank's entire reserves amount to $35,000 ($20,000 in starting reserves plus $15,000 in currency deposit). The necessary reserves still amount to $20,000.
Thus, the bank's excess reserves would be $20,000 less than its needed reserves, or $20,000 less than total reserves, or $15,000.
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If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
Answers
If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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Karen wants to buy stock, but is worried about the current "bear market." What does this mean?
A.that many investors are selling their stocks in anticipation of lower profits
B.that many investors are buying stocks in anticipation of higher profits
C.that protits from stocks are rising, making it-a good time to buy
D. that profits from stocks are falling, making it a good time to buy
Answers
Answer:
A.that many investors are selling their stocks in anticipation of lower profits
Explanation:
In stock market terminologies, a bear market is a selling market. If the traders' sentiments are to sell a stock, tell the market for the stock is referred to as a bear market.
Generally, when a company is performing well financially, its stock price will appreciate. Investors will buy its stocks in anticipation of increased dividends and selling the stocks at a higher price. Should investors anticipate a loss, they will start selling the stocks. Karen is concerned with the current bear market as it signals the stocks are likely to yield reduced earnings.
The cash sales for the day, according to the cash register records, totaled $8,356, including sales tax of $473. The actual cash received from cash sales was $8,389. Cost of goods sold related to these sales was $3,360.
Answers
Answer:
The cost of goods sold related to the cash sales is $3,360 because this is the amount of the inventory that was used to produce the products sold in the cash sales. It is calculated by subtracting the gross sales (including sales tax) from the cash received. In this case, $8,389 - $8,356 = $33. This is the amount of cash that was used to purchase inventory to produce the products that were sold in the cash sales. Therefore, the cost of goods sold related to the cash sales is $3,360.
Managers at Trendy Fashions, a large retail chain, experience conflict and organizational politics. The company's customer service ratings suffer, and managers point to other departments as the cause of the problem. The conflicts and politics further contribute to the customer service problems. The CEO of this chain hears about the appreciative inquiry process and thinks this might be a good technique to use to improve this situation. He needs more information on this process.
The CEO needs to know that the first step in his appreciative inquiry change effort will begin with __________.
Answers
Answer:
identifying the positive elements of an organization or work unit that is performing well.
Explanation:
The appreciative inquiry process is a metodology to handle change that concentrates on the positive aspects in an organization instead of the negative ones. Also, the process has four steps:
1. Identifying the positive elements of an organization or work unit that is performing well.
2. Dreaming about good possibilities for the company's future and what might provide great results.
3. Designing the perfect strategies to accomplish goals.
4. Delivering conclusions about the other phases and discussing what can be done to to contribute to the company's goals.
According to this, the answer is that the CEO needs to know that the first step in his appreciative inquiry change effort will begin with identifying the positive elements of an organization or work unit that is performing well.
What is INCOTERM DDP?
Answers
Answer:
DDP stands for Delivery Duty Paid, an international commerce term (Incoterm) used to describe the delivery of goods where the seller takes most responsibility.Explanation:
A counterfeit id is intended to an official document, but is not authentic
Answers
Answer:
If this is the case then it is not valid.
Explanation:
Any counterfeit id is illegal and should never be rendered to be used for any purpose in relation to official documents.
Select the correct answer how many justices must agree to an opinion for the Supreme Court to issue a decision
Answers
A majority of the justices, or five out of the nine on a full Court, must agree. The opinion has been written at this point. This is the court's judgment in writing.
What is the significance of the Supreme Court?In our system of government based on the Constitution, the Supreme Court is incredibly significant.
First and foremost, it acts as the final resort for anyone looking for justice because it is the nation's highest court. Second, it is crucial for ensuring that each arm of government understands the boundaries of its own authority because of its ability to conduct judicial reviews.
Third, it defends civil liberties and rights by overturning unconstitutional legislation. Finally, it establishes reasonable boundaries for democratic government by preventing popular majorities from passing legislation that discriminates against or unfairly benefits unpopular minorities.
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What is the alignment and coordination of multiple activities in an organization?
Group of answer choices
management
sustainability
business culture
philanthropy
Answers
The alignment and coordination of multiple activities in an organization is typically associated with the concept of management
What is management?
Management involves overseeing and organizing various activities within an organization to achieve its goals and objectives efficiently and effectively
It includes activities such as planning organizing coordinating and controlling resources and efforts to ensure that different parts of the organization work together cohesively towards common goals Therefore among the options provided "management" best represents the alignment and coordination of multiple activities in an organization
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what behaviors r most common in a successful entrepreneur
Answers
some behaviors from an successful entrepreneur are being open to try new things without question and openly sharing their own opinions
. Discuss and Implement the Price Adjustment Strategies in current market. Apply each strategy with 3 examples along with picture. (10 Marks) (200 Words)
Answers
Answer:
There are many different price adjustment strategies which can be implemented in the current market.
Explanation:
Psychological pricing:
Psychological pricing is a strategy in which the price of a product is displayed with mostly one cent difference so the whole number shown is less by $1 and this difference can get higher if the price of the product is more.
Example 1: The price for a toy in a toy shop is $4.99, if rounded this will be $5 but the whole number visible is $4.
Example 2: The price of a laptop is $193, this again is nearly $200 but the price is reduced by $7 in order to influence their customers into buying the product.
Example 3: The price of a car is $35,995, this again is about $36,000 but the buyer may be influenced by this technique and result in purchasing the product with such price.
Geographical Pricing:
Geographical pricing is a strategy where different prices are charged in different outlets, this strategy is made keeping in mind the purchasing power of the locality, if the local people can pay higher price for a product then the price is high there but same product may have a lower price in an area where people can not pay high price.
Example 1: Price of a T-shirt is $15 in a posh area while the price of the same T-shirt is $5 in an area with poor locality.
Example 2: Price of a hair brush is $10 in a poor area while the same brush is available in a posh area at a rate of $35.
Example 3: Price for a food item is $6 in a restaurant in posh area while the same burger is available for $3 in a restaurant in a poor area.
Miracle Pill. Katie advertised that she had developed a pill for women that would result in weight loss, wrinkle loss, and improved vitality; and for men would result in all those things, plus hair growth. Her television advertisement showed miracle results allegedly obtained by consumers. Katie cautioned, however, that ingestion of the pill for six months was required before results would be evident. The pill was wildly popular. The Federal Trade Commission, however, investigated and determined that Katie had failed to have a reasonable basis for the claims she made in advertisements. Katie claimed that she was merely involved in the use of generalities and clear exaggerations. The Federal Trade Commission disagreed and issued a formal administrative complaint against her. After a hearing, the Federal Trade Commission issued an order requiring that Katie stop advertising and selling the pills. After losing all appeals, Katie continued selling the pills until she was fined by the Federal Trade Commission. She has since left the country and cannot be located. If a company violates a cease-and-desist order issued by the Federal Trade Commission and upheld by the courts, which of the following is the fine that the Federal Trade Commission may impose?
A) Up to $3,000 per violationB) Up to $5,000 per violationC) Up to $10,000 per violationD) Up to $50,000 per violationE) Up to $100,000 per violation
Answers
Answer:
B) Up to $5,000 per violation
Explanation:
FTC or U.S. Federal Trade Commission is a federal agency that is independent and its major objective is to enforce various consumer protection and anti-trust laws.
Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Variance
Guillermo's Oil and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On average, Guillermo has found that a typical oil change takes 18 minutes and 6.2 quarts of oil are used. In June, Guillermo's Oil and Lube had 990 oil changes.
Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June:
Actual number of oil changes performed: 990
Actual number of direct labor hours worked: 291 hours
Actual rate paid per direct labor hour: $16.00
Standard rate per direct labor hour: $15.00
Required:
a. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June using the formula approach.
b. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June.
c. Calculate the total direct labor variance for oil changes for June.
d. What if the actual wage rate paid in June was $14.00? What impact would that have had on the direct labor rate variance (LRV)? On the direct labor efficiency variance (LEV)? Indicate what the new variances would be below. If required, round your answers to the nearest cent.
Answers
Answer:
Guillermo's Oil and Lube Company
Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Variance
a1. Direct labor rate variance (LRV) = Actual Labor Rate minus Standard Labor Rate multiplied by Actual hours worked
= $16 - $15 x 291
= $291 U
a2. Direct labor efficiency variance (LEV) = Standard hours minus Actual hours x Standard hourly rate
= 297 - 291 x $15
= $90 F
b1. Direct labor rate variance (LRV) = the difference between the actual wages paid and the standard wages
= (Actual labour rate x actual hours) - (standard rate x actual hours)
= ($16 x 291) - ($15 x 291)
= $4,656 - $4,365
= $291 U
b2. Direct labor efficiency variance = the difference between the actual number of direct labor hours worked and budgeted direct labor hours that should have been worked based on the standards
(291 x $15) - (297 x $15)
4,365 - 4,455
= $90 F
c. Total Direct labor rate variance (LRV) = Actual Wages minus Standard Wages
= (Actual labor rate x Actual hours) - (Standard labor rate x Standard hours)
= ($16 x 291) - ($15 x 297)
= $4,656 - $4,455
= $201 U
d. If actual wage rate paid in June was $14.00:
d1. Direct labor rate variance (LRV) = Actual Labor Rate minus Standard Labor Rate multiplied by Actual hours worked
= $14 - $15 x 291
= $291 F
d2. Direct labor efficiency variance (LEV) = Standard hours minus Actual hours x Standard hourly rate
= 297 - 291 x $15
= $90 F
d3. Total Direct labor rate variance (LRV) = Actual Wages minus Standard Wages
= (Actual labor rate x Actual hours) - (Standard labor rate x Standard hours)
= ($14 x 291) - ($15 x 297)
= $4,074 - $4,455
= $381 F
Explanation:
a) Data and Calculations
Actual number of oil changes performed: 990
Standard number of direct labor hours to for 990 oil changes = 990 x 0.3 hours (since 18 minutes = 0.3 hours or 18/60) = 297 hours
Actual number of direct labor hours worked: 291 hours
Actual rate paid per direct labor hour: $16.00
Standard rate per direct labor hour: $15.00
b) The impact on direct labor rate variance if the actual wage rate paid in June was $14 was to turn the unfavorable labor rate variance into a favorable variance of $291 and the total direct labor variance would have been a favorable variance $381 instead of an unfavorable variance of $201.
what do you think makes us free
Answers
Answer:
Refers to the ability of a person to act out of his own free will and self-determination. This means that a person may decide to act or not to act, and these decisions are made out of his own free will. also means that a person may act even if he is not required or called to take action.
Explanation:
During the current year, Corporation G received $30,000 in dividends from a 60%-owned taxable domestic corporation. G received no other dividends. G's charitable contributions for the year totaled $15,000. G's taxable income for the year was $70,000 after the dividends-received deduction but before the deduction for charitable contributions. What is the amount of Corporation G's charitable contribution deduction for the year
Answers
Answer: 8,950 hope this helps can you plz tell me if it wong so i can se what i did wong
Explanation:
with an example, explain why a substantive disagreement may never be resolved
Answers
A substantive disagreement can never be resolved because of the differing opinions of the people involved.
What is a substantive disagreement?It is a disagreement between two or more people.It is a disagreement between people with different opinions and points of view on the same subject.If the people involved in the substantive disagreement are quite sure that their views are correct, that substantive disagreement can never be resolved, because none of the people involved will surrender to their opponents' point of view.
An example of this is two people arguing over whether the best pet is a cat or a dog, and each person wants to defend one of those animals.
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California residents are allowed a credit for net income taxes paid to another State on income also subject to the California income tax. However, the credit is not allowed for which of the following reasons?
Answers
The reason this credit is not allowed is because: A. If the other state allows California residents a credit for net income taxes paid to California
The types of tax.
In Economics, there are different types of tax and these include the following:
Gift taxExcise taxAlcohol taxIncome taxEstate taxEmployment taxNet income taxWhat is net income tax?Net income tax can be defined as a type of tax which grants either deductions or exemptions from an employee's gross income. Additionally, a net income tax is a system of taxation which is designed and developed to assess taxes on the basis of gross income, gross dividends or gross receipts.
In conclusion, it is a fact that any form of deductions or exemptions that doesn't qualify for a credit is not considered as a net income tax in California and every other part of the world.
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Complete Question:
California residents are allowed a credit for net income taxes paid to another State on income also subject to the California income tax. However, the credit is not allowed for which of the following reasons?
A. If the other state allows California residents a credit for net income taxes paid to California
B. If the income taxed by the other state has a source within the other state under California law
C. If such states do not allow their residents a credit for net income taxes paid to California
D. The amount of the credit is greater than the same proportion of the total California tax as the income taxed by both states bears to the total income taxed by California
what makes the news true and accurate
Answers
The news is considered true and accurate when it is based on facts and evidence. This means that the sources used to create the news must be reliable and trustworthy.
News reporters and journalists must verify the information they receive from their sources to ensure that it is accurate before they publish or broadcast it. They must also use multiple sources to confirm the information they receive.
In addition, news must be presented in a balanced and impartial way. This means that reporters should not have any biases or prejudices that affect the way they report the news. They must also present both sides of a story to give their audience a complete picture of what is happening.
Another important aspect of accurate news is the use of language. News reporters must use language that is clear and concise, avoiding any exaggeration or sensationalism. They must also avoid using inflammatory language or making unfounded claims.
Finally, news organizations must have a strong ethical code that guides their reporting. This code should include principles such as accuracy, impartiality, fairness, and transparency. By following these principles, news organizations can ensure that their reporting is true and accurate.
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what is the main motivator for people to enter business?
Answers
The primary motive is not money but rather freedom and enthusiasm.
What is Business?Business refers to the activity of creating, purchasing, and reselling goods in order to support oneself financially. Additionally, it includes "any activity or enterprise undertaken for profit."
Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses. and each has a unique mix of benefits and drawbacks. The sole proprietorship, partnership, corporation, and S corporation are the four most popular business structures.
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what is the meaning of gpp in poultry industry
Answers
Answer:
five year ghana poultry program
Explanation:
Lmk if right or not
1. Over the past year, a customer has surrendered, in whole or in part, three life insurance policies. If part of a money laundering operation, these transactions represent which stage
Answers
Answer:
It represents the Integration stage
Explanation:
Money laundering is an illegal chain of activities done by individuals or corporate bodies to change the status of money gotten through a criminal activity into legitimate money. This chain of activities starts with the Placement stage then transforms into the Layering stage, then ends when it is already integrated into the legitimate financial system through the Integration stage.
After the money launderer conceals the illegal money through bank deposits or purchasing a life insurance policy at the Placement stage, the launderer then proceeds to further break the money into smaller amounts to evade suspicion by numerous transactions and bank deposits at the Layering stage, which is then ended by partial or whole surrenders of life insurance policies to make it now legitimate money.
Derek is a high school student who is currently taking a course in personal
finance. He knows that he should be managing his money from his part-time job
better. He has learned about saving and budgeting, but he continues to spend all
of his money on his car and going out with friends. He knows that someday he'll
have to be more responsible, but right now he thinks he should just enjoy being a
carefree teenager. Why is it important for Derek to manage his money well now
instead of waiting until he's older?
Answers
Answer:
If he starts practicing saving money and budgeting while he is young, it will help him in the future when he is trying to save up for a house or trying to make a budget for how much he wants to spend on his future house. If he spends all of this money as a teenager, he won't have any money saved up for things that he needs.
What type of business organization generates the most total sales
Answers
Answer:
probably the medical field
Which one is a disadvantage of the process structure? *
More competition among departments
More flexibility in responding changes
Add and delete divisions
More focus on customers
Answers
Answer: Add and delete divisions
Explanation:
The process structure in organizations is when the organization is divided into different departments such that they're all related to each other for organizational goals to be achieved.
The divisions can include sales, research, manufacturing etc. It brings about more competition among the departments, focuses on customers and brings about flexibility.
Therefore, the disadvantage will be "Add and delete divisions".
Define moral development and moral reasoning
Answers
Answer:
:D
Explanation:
Moral development refers to the process through which individuals acquire moral values, beliefs, and behaviors. It is a lifelong process that begins in childhood and continues throughout adulthood. Moral development involves the internalization of moral principles and the development of a moral sense of right and wrong.
Moral reasoning, on the other hand, refers to the cognitive processes through which individuals make moral judgments and decisions. It involves the ability to reason about ethical issues, consider different perspectives, and make decisions based on moral principles. Moral reasoning can be influenced by a variety of factors, including cultural norms, socialization, personal experiences, and cognitive development.
Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.
Answers
a) Credit Inventory for $517,800
b) Debit Inventory for $66,800
c) Credit Accounts Receivable (or Trade Receivables) for the same amount
(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:
Debit Accounts Receivable (or Trade Receivables) for $854,200
Credit Sales Revenue for $854,200
Debit Cost of Goods Sold for $517,800
Credit Inventory for $517,800
The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.
(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:
Debit Sales Returns and Allowances for $109,800
Credit Accounts Receivable (or Trade Receivables) for $109,800
Debit Inventory for $66,800
Credit Cost of Goods Sold for $66,800
The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.
(c) The journal entry to record the payment received by Windsor Company on March 12th would be:
Debit Cash (or Bank) for the amount received from Wildhorse Company
Credit Accounts Receivable (or Trade Receivables) for the same amount
The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.
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What are the business strategies a small growing company needs
Answers
Answer:
Here are 10 business strategies that a small growing company may need.
1. Market segmentation: Determine the target market and focus marketing efforts on that specific group of customers.
2. Product/service differentiation: Create a unique selling proposition (USP) that sets the company apart from its competitors.
3. Customer Relationship Management (CRM): Implement systems to manage and analyze customer interactions and data. This will help the company target its marketing efforts and improve customer retention.
4. Cost control: Focus on optimizing processes and reducing overhead costs to improve profitability.
5. Diversification: Consider opportunities to expand into new product lines or markets to increase revenue streams.
6. Strategic partnerships: Look for opportunities to partner with other companies to leverage resources, share expertise, and expand market reach.
7. Innovation: Focus on continuous improvement and developing new products/services to stay ahead of the competition.
8. Talent management: Establish a strong company culture and invest in employee training and development to attract and retain talented employees.
9. Risk management: Implement processes to identify potential risks, assess their impact, and develop plans to mitigate them.
10. Financial management: Create a sound financial plan to manage cash flow, control expenses, and reinvest profits into the growth of the company.
Which of the following is true about non- profits
A. Owners keep the profit
B. No money is made
C. Profits are put back into the business
D. Profits go to the public
Answers
Department 1 of a two department production process shows: Units Beginning Work in Process 10,000 Ending Work in Process 50,000 Total units to be accounted for 160,000 How many units were transferred out to Department 2?
Answers
Answer:
20000 for ending work 100000 total & 320000 are accounted for
Dubey Companies Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2018.
Accounts Payable $ 850
Accounts Receivable 900
Accumulated Amortization 510
Accumulated Depreciation 1,140
Allowance for Doubtful Accounts 40
Cash and Cash Equivalents 1,040
Common Stock 480
Deferred Revenue 1,980
Equipment 7,630
Income Taxes Payable 40
Notes Payable (long-term) 2,770
Notes Receivable (long-term) 260
Prepaid Rent 280
Retained Earnings 7,270
Service Revenue 500
Short-Term Investments 4,050
Software 920
Required:
Prepare a classified balance sheet. The Allowance for Doubtful Accounts relates entirely to Accounts Receivable. (One of the accounts does not belong on the balance sheet.) (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Answers
The classified balance sheet shows that the total liabilities and stockholders equity will be $13390.
How to explain the balance sheet?It should be noted that a classified balance sheet refers to a financial statement that has classifications like the current assets, liabilities, etc.
From the table that's attached, the total current assets is $6230 while the total assets is $13390.
For the liabilities, the total current liabilities is $2870 and the total liabilities is $5640.
Also, the total stockholders equity is $7750 and lastly, the total liabilities and stockholders equity is $13390.
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