Stakeholders and executive stakeholders have their differences in regard to their authority and responsibilities within an organization.
The differences between stakeholders and executive stakeholders are as follows:
Stakeholders: Stakeholders are individuals or entities who have an interest in an organization's activities and are impacted by its operations.
The stakeholders are of two kinds: internal stakeholders and external stakeholders. Internal stakeholders comprise employees, board members, and shareholders, while external stakeholders comprise customers, suppliers, government regulators, and society in general.They have a vested interest in the organization's success, as it affects their welfare and economic well-being. Because of this, they must be included in the decision-making process to ensure that their interests are properly addressed.Executive stakeholders: Executive stakeholders are typically the highest-ranking officials of a company or organization, such as a CEO, CFO, or CIO. They hold the most authority and responsibility in the company.
Executive stakeholders are individuals who are responsible for ensuring the company's goals and objectives are achieved.They work towards creating a business strategy, making decisions, and executing plans to accomplish their objectives. They also oversee the other stakeholders' activities and ensure that they are aligned with the company's goals.There are two different types of stakeholders in an organization, and they are treated differently. Executive stakeholders are typically higher-ranking officials of an organization and are responsible for making decisions that align with the company's objectives. They have more authority and responsibility than other stakeholders, such as shareholders, employees, customers, and suppliers.
In contrast, stakeholders, both internal and external, must be included in the decision-making process to ensure that their interests are properly addressed.
In conclusion, executive stakeholders and stakeholders are treated differently.
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(1) Read Uber’s description of surge pricing
{
How it works
Demand for rides increases
There are times when so many people are requesting rides that
there aren’t enough cars on the road to help ta
Uber’s surge pricing is a technique used by Uber to increase their ride fares. The fare is multiplied when the number of requests is high but there are not enough drivers to fulfill those requests. This happens when there is a peak period, such as at night, during rush hour, on holidays, or when there is a popular event or festival in the city.
When the demand for rides is higher than the available drivers, the fare gets multiplied by a certain factor, which is visible to the user. The higher the demand, the higher the surge multiplier. Surge pricing encourages more drivers to get on the road and helps to ensure that riders can get a ride whenever they need it. Surge pricing is one of the unique features of Uber.
It is designed to keep rides available during peak hours, when demand for rides outstrips the supply of available drivers. During such times, when there are not enough drivers on the road to meet demand, the fare for the ride increases. This rise in fare is what is referred to as surge pricing. The process of how surge pricing works is simple. When riders are requesting a ride and there are not enough drivers to fulfill their requests, the price for that ride is increased, sometimes by a multiplier. The multiplier, which is referred to as a surge multiplier, is displayed to the rider before they accept the ride. The rider can choose to accept the ride at the increased price or wait for the surge pricing to subside. When there are more riders than available drivers, Uber sets a surge multiplier based on the level of demand. The higher the level of demand, the higher the surge multiplier. For instance, if the surge multiplier is 1.5x, it means that the fare will be 1.5 times higher than the normal fare. If the fare for a ride that usually costs $10 is multiplied by 1.5x, the fare for that ride will be $15. When the demand for rides is higher than the available drivers, the fare gets multiplied by a certain factor, which is visible to the user. The higher the demand, the higher the surge multiplier. Surge pricing encourages more drivers to get on the road and helps to ensure that riders can get a ride whenever they need it. Surge pricing is one of the unique features of Uber. The rider can choose to accept the ride at the increased price or wait for the surge pricing to subside. Drivers are notified of the increased fare during surge pricing. This notification encourages more drivers to get on the road and helps to ensure that riders can get a ride whenever they need it. Uber argues that surge pricing is necessary to ensure that rides are available during peak periods and that riders can always get a ride when they need one.
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Which of the following arguments on social responsibility states that businesses should address social problems before they become serious and costly to correct?
A) superiority of prevention over cures
B) possession of resources
C) balance of responsibility and power
D) better environment
The argument on social responsibility that states businesses should address social problems before they become serious and costly to correct is the "superiority of prevention over cures". Option A is correct.
The superiority of prevention over cures argument suggests that businesses should address social problems before they escalate into serious and costly issues. This argument is based on the idea that preventing problems before they arise is more efficient and effective than waiting for them to occur and then attempting to fix them.
By taking proactive steps to address social issues, businesses can avoid the negative consequences that result from inaction or delayed action. This can include financial costs, damage to reputation, and loss of customer loyalty.
Furthermore, proactive social responsibility efforts can help businesses build stronger relationships with their customers, employees, and communities, ultimately leading to greater long-term success. Thus, A is correct.
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You plan to make a series of deposits in an interest-bearing account. You will deposit $1,000 today, $2,000 in 2 years, and $8,000 in 5 years. If you withdraw $3,000 in 3 years and $5,000 in 7 years, how much will you have after eight years if the interest rate is 9%?
Answer:
$5,641
Explanation:
DEPOSIT NOW
$1000 * FVIF 9%,8 PERIODS
= $1000 * 1.9926
= $1992.6
IN 2 YEARS
= $2000 * FVIF 9%,6 PERIODS
= $2000 * 1.6771
= $3354.20
IN 5 YEARS
= $8000 * FVIF 9%, 3 PERIODS
= $8000*1.2950
= $10360
WITHDRAWAL: IN 3 YEARS
= ($3000) * FVIF 9%, 5 PERIODS
= ($3000) * 1.5386
= ($4615.80)
IN 7 YEARS
= ($5000) * FVIF 9%, 1 PERIOD
= ($5000) * 1.0900
= ($5450)
Total value = $1992.6 + $3354.20 + $10360 - $4615.80 - $5450
Total value = $5,641
So, the total future value after eight years is $5,641
Islanders are getting tired of fish and are looking for alternatives to provide protein to their diet. Elizabeth and Matty decide to work together to build traps to catch the wild pig that are on the island.
Create a simple supply and demand curve that would show the shift in demand
As there was a decrease in demand for fish among the islanders, Elizabeth and Matty decide to work together to build traps to catch the wild pig that are on the island. Hence the demand curve of fish declined and the supply curve of pigs will rise.
How do supply and demand curves work?The demand curve illustrates how much of a certain good or service customers will be able and willing to purchase at each price over a specific period of time. The supply curve shows how much inventory retailers plan to put up for sale at various prices at the same time. Supply and demand serve as a microeconomic model for determining pricing in a market.
Supply and demand serve as a microeconomic model for determining pricing in a market. The demand curve for products and services can change depending on a number of factors, including changes in population, income, the cost of complementary or substitutive goods, and expectations for future conditions and prices. As a result, a different amount may be demanded at a particular price.
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Do an online search on team members in the workplace. Identify several types of group members. From your experience, identify other types of group members not mentioned in your online search. In four or more paragraphs, illustrate how you, as facilitator, would deal with each type of member. You may use the types mentioned in your research as well as those you identified.
What other things would you do as facilitator to ensure the team ran smoothly and efficiently?
Explanation:
A Guide to Effective Facilitation.
...
A good facilitator will:
Develop a detailed agenda after discussion with organization leaders. ...
Use participants' names. ...
Call on people in the order in which they raise their hands. ...
Make eye contact. ...
Use the ground rules (mutually agreed upon meeting rules for participation) early on.
A competent moderator will:
Following a conversation with the organization's executives, create a thorough agenda.Identify participants by name.As people raise their hands, call on them in that order.Establish eye contact.Use the ground rules, which are shared participation guidelines for meetings, as soon as possible.What is an online search?Online search is the interactive process of looking for and obtaining information from online databases using a computer. With the introduction of quicker databases and smart terminals in the 1980s, interactive searches became feasible. On the other hand, automated batch searching was widely used in the 1960s and 1970s. The bulk of internet searches done now are done via search engines. Supplemental reference transactions are frequently conducted online.
Online search is the interactive process of looking for and obtaining information from online databases using a computer. With the introduction of quicker databases and smart terminals in the 1980s, interactive searches became feasible. On the other hand, automated batch searching was widely used in the 1960s and 1970s. Today, the bulk of queries are made via search engines.
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If the production function is q = k.5l.5 and capital is fixed at 9 unit, then the average product of labor when l = 25 is:_____.
If the production function is q = k.5l.5 and capital is fixed at 9 unit, then the average product of labor when l = 25 is 1/5.
Production is the process of combining various tangible and intangible inputs to produce something for consumption. It is the act of creating an output, goods, or services that are of value and contribute to an individual's benefit.
Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.
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A country has a comparative advantage in producing a good if:.
Answer:
it can produce that good at a lower opportunity cost relative to another country.
Complete each statement by choosing the correct answer from the drop-down menu.
is the ability to stay positive and focused on finding a solution that
satisfies the customer.
The
is to find out what is wrong and what is needed to restore positive
relations with customers.
Customer service must emphasize the importance of
a customer complaint.
DONE
Answer:
1. Customer service mindset.
2. Goal of customer service.
Explanation:
Customer relationship management can be defined as a strategic process which typically involves combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this set of employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.
This ultimately implies that, customer relationship management is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.
The fundamentals of customer relationship is mainly focused on improving sales support, creating efficient and effective marketing communications, technical assistance and customer service, so as to bring great level of satisfaction to the customers.
Customer service refers to the overall collection of interactions existing between a company and the customers who have purchased its goods and taken its services in the past or potential customers who may do that in the future.
1. Customer service mindset is the ability of a customer care representative to remain positive and focused on proffering a solution to customer-related problems, so as to make a customer feel happy and satisfied based on their interactions with the company.
2. The goal of customer service is to ensure customer care representatives find out what is wrong with a particular customer and what action is needed to restore positive relations with the customer. A good customer service must emphasize the importance of a customer complaint.
In conclusion, the degree of satisfaction received by customers throughout their lifecycle is largely dependent on customer relationship management.
Answer:
The person below me got it right, but the third answer is "responding promptly to"
Explanation: I just did it lol
The following selected accounts and normal balances existed at year-end. Make the four journal entries required to close the books: Accounts receivable $45,000, Prepaid insurance 4,500, Land 50,000, Accounts payable 39,000, Notes payable 55,000, Retained earnings 12,000, Dividends 2,000, Fees earned revenue 65,000, Selling expenses 34,500, Administrative expenses 12,750, Miscellaneous expense 1,250.
The required Journal Entries that are required to close the book for the selected four accounts at year-end include the following:
Journal Entries:
December 31,
Debit Fees earned revenue $65,000
Credit Income Summary $65,000
To close the Fees revenue to income summary.
Debit Income Summary $34,500
Credit Selling expenses $34,500
To close the selling expenses to income summary.
Debit Income Summary $12,750
Credit Administrative expenses $12,750
To close the administrative expenses to income summary.
Debit Income Summary $1,250
Credit Miscellaneous expense $1,250
To close the miscellaneous expenses to income summary.
Data Analysis:
1. Accounts to be closed to Income Summary are:
Fees earned revenue $65,000 Income Summary $65,000
Income Summary $34,500 Selling expenses $34,500
Income Summary $12,750 Administrative expenses $12,750
Income Summary $1,250 Miscellaneous expense $1,250
2. Assets and Liabilities accounts:
Accounts receivable $45,000
Prepaid insurance 4,500
Land 50,000
Accounts payable 39,000
Notes payable 55,000
Retained earnings 12,000
Closed to Retained earnings: Dividends 2,000
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Filtrate formation in nephrons is _____ proportional to gfr; therefore, as gfr _____, then the rate of filtrate formation increases
Filtrate formation in nephrons is directly proportional to glomerular filtration rate (GFR). Therefore, as GFR increases, the rate of filtrate formation also increases.
To understand this relationship, let's break it down step by step:
1. Nephrons are the functional units of the kidneys responsible for filtering blood and producing urine.
2. Filtrate formation occurs in the renal corpuscle, specifically in the glomerulus.
3. The glomerulus is a network of tiny blood vessels called capillaries, which have small pores.
4. Blood enters the glomerulus through an afferent arteriole and leaves through an efferent arteriole.
5. As blood flows through the glomerulus, fluid and solutes are forced out of the capillaries and into the Bowman's capsule, a part of the renal corpuscle.
6. This process is known as glomerular filtration and is influenced by the glomerular filtration rate (GFR), which represents the amount of filtrate formed by the nephrons per unit of time.
7. GFR is influenced by factors such as blood pressure, blood flow, and the permeability of the filtration membrane.
8. When GFR increases, more filtrate is formed as a larger volume of blood is filtered through the glomerulus.
9. Conversely, when GFR decreases, less filtrate is formed as a smaller volume of blood is filtered.
10. Therefore, filtrate formation in nephrons is directly proportional to GFR. An increase in GFR leads to an increase in the rate of filtrate formation, and a decrease in GFR leads to a decrease in the rate of filtrate formation.
To summarize, as GFR increases, the rate of filtrate formation in nephrons also increases. This relationship is important for maintaining proper kidney function and regulating the composition of body fluids.
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What is meant by 'internal communication'
Answer:
Internal Communication is a Function responsible for effective communications among participants within an organization. The scope of the function varies by organization and practitioner, from producing and delivering messages and campaigns on behalf of management, to facilitating two-way dialogue and developing the communication skills of the organization's participants.
Victor Lorenz realizes that he needs a new car, so he has read through Consumer Reports and has visited selected dealerships to gather more information. According to the steps involved in a purchase decision, he is ready to
Available Options Are:
A) weigh the various options that have come to light.
B) make a choice.
C) acknowledge that a problem exists.
D) look for information that may include brand names and product characteristics.
E) acquire the car.
Answer:
Option A. Weigh the various options that have come to light
Explanation:
Victor Lorenz is in the phase of option analysis which is weighing each available options to find the best option and opt it. The customer analyzes the features, capabilities, financial and non financial implications of the product and then take decision to choose the right one. Usually knowledgeable customers have this attitude and their choices are far much better as they research for better options to opt.
Quincy has a jewelry business in which he designs and sells bracelets. His daily profit, q(x), can be modeled by the function q(x) = 6. 25x − 43. 75, where x is the number of bracelets he sells. What is the value of q(7), and what is its interpretation? q(7) = 8. 12; if quincy sells 8. 12 bracelets, he will earn $7. Q(7) = 8. 12; if quincy sells 7 bracelets, he will earn $8. 12. Q(7) = 0; if quincy sells 0 bracelets, he will earn $7. Q(7) = 0; if quincy sells 7 bracelets, he will earn $0
q(7) = 0, and if Quincy sells 7 bracelets, he will earn $0.
The value of q(7) is 8.12. This means that if Quincy sells 7 bracelets, he will earn $8.12. To find the value of q(7), we substitute x = 7 into the given function q(x) = 6.25x - 43.75.
q(7) = 6.25 * 7 - 43.75
= 43.75 - 43.75
= 0
So, the statement "Q(7) = 0; if Quincy sells 7 bracelets, he will earn $0" is correct.
However, the interpretation mentioned in the answer is incorrect. The correct interpretation is that if Quincy sells 7 bracelets, he will earn $0. This means that Quincy would break even, neither making a profit nor incurring a loss, if he sells 7 bracelets.
To understand this, let's consider the function q(x) = 6.25x - 43.75. The term 6.25x represents Quincy's revenue (the money he earns) from selling x bracelets. The term -43.75 represents his cost (the money he spends) on making and selling the bracelets. When Quincy sells 7 bracelets, his revenue is 6.25 * 7 = $43.75, and his cost is $43.75. Thus, his profit is $0.
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What is adjusting entries? Is it the same with general ledger?
Answer:
Adjusting entries are made in your accounting journals at the end of an accounting period after a trial balance is prepared. After adjusted entries are made in your accounting journals, they are posted to the general ledger in the same way as any other accounting journal entry.
can someone help . i know I'm dumb:) x-5=7
Answer:
Hey Army
Nice to meet you:)
your answer is 12
as x-5=7
so x=7+5
x is 12
Stream life goes on and Dynamite. :)
Answer:
x=12
Explanation:
x-5=7
x-5+5=7+5
x=12
. A tomato farmer has used direct distribution to sell to local consumers through an area farmers' market. Last year, she sold 400 bushels of tomatoes at $2.49 a pound. (There are 53 pounds in a bushel of tomatoes.) This year she is considering using an indirect channel by selling to two area supermarkets. She estimates that she can sell 650 bushels at $1.63 a pound. What will be the difference in revenue if she makes the change? What other factors should the farmer consider before changing to indirect distribution?
Answer:
the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996
if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50
her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.
The farmer's total revenue when she uses the direct channel is $996 and the difference in revenue if she makes the change will be $63.5
What do you mean by Total revenue?
Revenue is the total amount of sales of goods and services. It is calculated by multiplying the total amount of goods and services sold at the price of goods and services.
Total revenue when she uses the direct channel is $996
\(\rm\, Total \,Revenue = 400 \times \$2.49 \\\\\rm\, Total \,Revenue = \$996\)
If she uses the indirect channel, her total revenue is $1,059.50.
\(\rm\,Total \,Revenue = 650 \times \$1.63\\\\\rm\,Total \,Revenue = \$1,059.50\)
The difference in revenue between direct selling and indirect selling:
\(\rm\, \$1,059.50 - \$996 = \$63.5\)
The farmer's total revenue will increase when selling to the supermarkets, but also her variable production costs will increase which has to be kept in mind while choosing indirect selling.
Therefore, the farmer should keep the variable factor costs in mind before selecting indirect selling as the revenue might increase but the percentage of increase probably may not be high.
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the __________ sells a marketing plan to readers by being clear and direct.
The marketing proposal sells a marketing plan to readers by being clear and direct.
A marketing proposal is a document that outlines a marketing plan, including objectives, strategies, tactics, and budget, with the goal of persuading a client or potential client to adopt the plan. The proposal should be written in a clear and direct manner that is easy to understand, using language that is appropriate for the target audience. It should provide a clear value proposition and demonstrate a deep understanding of the client's needs and goals. The proposal should also be visually appealing, using graphics and other design elements to enhance the message and make it easier to understand. A well-crafted marketing proposal can be an effective tool for winning new business and building strong client relationships.
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What is gross pay?
when the cost of living rises
salary before taxes
salary after taxes
legal payment for work completed
Question 4 [Total 10 marks] Businesses often create provision for doubtful debts. 4.1 Of which concept/convention is this an example? Explain. (4 marks) 4.2 What is the purpose for creating the provision for doubtful debts? (3 marks) 4.3 What is the difference between bad debts and the provision for doubtful debts? (3 marks)
4.1 **Provision for doubtful debts is an example of the prudence concept/convention** in accounting.
The prudence concept/convention, also known as conservatism, states that accountants should exercise caution when making estimates or recording transactions. It encourages the recognition of potential losses or expenses while disregarding potential gains until they are realized. The provision for doubtful debts aligns with this concept as it anticipates the possibility of bad debts and reflects a conservative approach by reducing the reported value of accounts receivable.
4.2 **The purpose of creating the provision for doubtful debts is to account for potential losses due to non-payment or default by customers.**
By creating a provision for doubtful debts, businesses recognize that not all customers will be able to pay their outstanding debts. The provision serves as an allowance for potential losses and helps companies present a more accurate depiction of their accounts receivable. It ensures that financial statements reflect a more conservative estimation of the company's expected cash inflows, reducing the risk of overstating assets and income.
4.3 **Bad debts and the provision for doubtful debts differ in their nature and accounting treatment.**
Bad debts refer to specific customer accounts that have been identified as uncollectible and are deemed irrecoverable. These accounts are written off as expenses and removed from the accounts receivable balance.
On the other hand, the provision for doubtful debts is a general reserve established to account for potential losses from all outstanding accounts receivable. It is an estimate based on historical data, industry norms, and management's judgment. The provision represents a reduction in the carrying value of accounts receivable and is recorded as an expense on the income statement. It allows for a more accurate reflection of the company's financial position by recognizing the possibility of future bad debts.
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project risk is lowest during the: concept stage of the project life cycle. implementation stage of the project life cycle. termination stage of the project life cycle. development stage of the project life cycle.
The project life cycle stage where risk is lowest is when the project is terminated.
When in a project's life cycle is risk the greatest?Stakeholders have the most power to affect project results during the project's first phases. Due to the huge proportion of unknowable elements, risk is at its maximum during this phase.
Why is a project considered low risk?Minimal risk suggests that there won't be a significant negative effect on the organisation should the project fail. Hard implementation describes the resources needed to successfully accomplish the project, which include both a large number of people and a large sum of money or assets.
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Usury laws, established by each state, provide for the protection of:_______
a. sellers.
b. lenders.
c. borrowers.
d. licensed real estate brokers and salespersons.
Usury laws, established by each state, provide for the protection of borrowers.
What are usury laws?This is the term that is used to refer to the laws that are made in the United States that are known to protect the interest of the borrowers against the lender who make impose very high interest rates on the amount of money that a person may borrow.
The laws are known to be ancient in nature and were said to have originated from the English colonies which adopted them from the British people.
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Pacey, an insurance agent, is told by his employer at his annual review meeting that he needs to "boost his sales of insurance policies in the next quarter by 50%." To meet this goal, Pacey decides to blackmail several people that he knows. He threatens to expose their secrets unless they purchase an insurance policy from him. Someone reports Pacey to the police and he's arrested and charged with blackmail.
Is Pacey's employer liable for his criminal act?
a.)Yes, the employer is vicariously liable for the crime and for any tort suits related to the crime.
b.)Yes, the employer is vicariously liable according to the "zone of risk" test.
c.)Yes, the employer is directly liable.
d.)No, the employer is not liable because it did not authorize a criminal act.
No, the employer is not liable for Pacey's criminal act of blackmail because it did not authorize or encourage the illegal behavior. The correct option is d.
In this scenario, Pacey, an insurance agent, resorts to blackmail to meet his employer's sales targets. However, the employer cannot be held liable for Pacey's criminal act. The principle of vicarious liability generally holds employers responsible for the actions of their employees if those actions occur within the course and scope of their employment. However, in this case, Pacey's blackmail activities were not authorized, encouraged, or part of his job responsibilities. The employer's request to boost sales does not justify or imply criminal behavior, and it is reasonable to assume that the employer did not condone such actions.
Vicarious liability typically applies when the employee's wrongful actions occur within the "zone of risk" created by their employment. However, in this scenario, the employer's request to increase sales does not create a zone of risk that includes criminal behavior. Blackmailing individuals is illegal and unrelated to the insurance business. Therefore, the employer cannot be held vicariously liable according to the "zone of risk" test.
In conclusion, the employer is not liable for Pacey's criminal act of blackmail because it did not authorize or encourage the illegal behavior, and the act itself falls outside the scope of the employer's reasonable expectations for increasing sales.
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After listening to her boss's instructions regarding completion of the project, Angelica said, "Let me make sure I've got this straight. You need this project completed by the 15th of the month so we can go over it and make any changes before our meeting with the client on the 17th. Is that correct?" This is an example of _____.
Answer:
Paraphrasing
Explanation:
What Angelica did by making these statements and asking her boss these questions is called paraphrasing. She did it to gain clarity on what her boss already said or discussed.
When paraphrasing one would use different words to express the meaning of something for clarity on what is being discussed. It is simply a way of restating spoken words or written words using your own words.
7. Nestle products Ltd includes in its account system a
purchase and sales ledger control account. The firms' trial
balance as at 31 March, 2018 includes the following
entries.
Purchases ledger control account
Sales ledger control account
The following is a summary of the firms' transactions with its suppliers:
1. Goods purchased and received from suppliers
(a) Gross invoice value before trade discount
(b) Net invoice price after trade discount
2. Goods returned to suppliers
(a) Gross invoice value before trade discount
(b) Gross invoice/price after trade discount
3. Amount due to suppliers
(a) Total amount
(b) Settled by payment of
4. Goods sold to customers:
(a) gross invoice value price before discount
(b) Net invoice value price after discount
5. Goods returned from customers:
(a) Gross invoice value before trade discount
(b)Net invoice price after trade discount
6. Amount due from customers:
GH¢'000
Dr 1,242
Cr 24,647
Dr 39,650
Cr
941
210,756
176,410
16,476
15,113
163,300
159,400
344,700
310,690
7,600
6,764
(a) Full amount
(b) Settle by receipts of
7. Customers debt written off
Additional information:
• It has been decided to create a provision for doubtful debt at
31/3/18 of 12%2% of the total amount due from customers
indebted to the firm. There was no provision for doubtful debt
in the trial Balance at 31 March, 2019
307,610
306,540
970
• At 31st March, 2019 both the purchases and sales ledgers
included accounts with K. M, purchases ledger GH¢1,630,000
(credit), sales ledger GH¢1,268,000 (debit).
• It has been decided to set off K. M's sales ledger balances
against the balance in purchases ledger. The purchases ledger
at 31st March, 2019 included the following account with debit
balances G. G GH¢930,000, L. B GH/420,000.
• The sales ledger at 31st March, 2019 included the following
accounts with credit balances P. H GH¢230,000, H. P
GH¢83,000, K. B GH¢500,000.
You are required to prepare the following account for the year
ended 31st March 2019 in the books of Nestle products Ltd.
(a) Payables ledger control account
(b) Receivables ledger control account
The required accounts to be prepared for the year ended 31st March 2019 in the books of Nestle products Ltd are:
(a) Payables ledger control account(b) Receivables ledger control accountTo prepare these accounts, the given information regarding the transactions with suppliers and customers is used. The purchases ledger control account and sales ledger control account balances are also considered. The provision for doubtful debts is accounted for in the receivables ledger control account.
The accounts with K. M are set off against each other. The debit balances in the purchases ledger accounts of G. G and L. B are adjusted, and the credit balances in the sales ledger accounts of P. H, H. P, and K. B are adjusted.
The payables ledger control account is prepared to show the balance owed to suppliers, while the receivables ledger control account is prepared to show the balance owed by customers. These accounts help in determining the total payables and receivables of the company at the end of the financial year.
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Estelle is a recent accounting graduate, and while she likes the idea raised by her fellow graduate Fernando to set up business in a partnership together, she has always wanted to go into business for herself. Before Estelle makes a decision, her instructor tells her it would be a good idea to consider the effect of different tax structures on each type of business, just in case she favors one situation more than the other. Compare and contrast how partnerships and sole proprietorships differ in terms of their tax requirements.
Sanjay was recently alerted to the fact that his business will be audited by the IRS. What are some possible causes for Sanjay’s business being selected for audit? What will this audit likely entail? How can Sanjay prepare?
After getting his first paycheck, Marlon is incredulous at the amount of money that goes to FICA. “Who in the world is FICA?” he asks his mother. How does she reply?
Eloise has exactly $300 to spend on an airline ticket. Assuming that she will need to pay the passenger ticket tax, the passenger facility charge, and the Sept. 11th fee, what is the maximum base ticket price Eloise can still afford to pay, knowing that she has all these additional fees and taxes to pay? Explain.
Sloan has always been pretty lax about preparing her taxes, and she doesn't pay too much attention to the rules. However, after taking a class on tax fraud, she is a bit concerned that some of the information in her past tax returns may be questionable. Sloan should only be worried about tax fraud if she’s made certain mistakes in the past. What kind of mistakes should Sloan be concerned about? Explain.
Many consumers feel skepticism towards salespeople.
True
False
Answer:
true
Explanation:
How can a person become a dentist
Explanation:
It generally takes eight years to become a dentist: four years to earn a bachelor's degree as an undergraduate and four years to earn a DDS or DMD in dental school. If you're interested in specializing, you'll also need to complete a dental residency (more on that below).
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On March 14, 2016, Big A Corp purchased land for $100,000. Big A completed construction of a warehouse on the land during 2016 at a cost of $1,000,000, and immediately began depreciating it over 25 years on a straight-line basis to a $100,000 salvage value. On April 18, 2022, Big A sold the land and warehouse to WalCo. In exchange for the warehouse and land, WalCo gave Big A a used tractor trailer having a market value of $85,000, $250,000 in cash, and a $650,000 note payable in 6 months bearing an interest rate of 6.0%.Required (you may submit a pdf):You must show your work to receive any credit!A. (3 points) Prepare in good form the Big A Corp’s journal entry record the sale of the land and warehouse.B. (1 point) Prepare in good form Walco’s journal entry to record payment of the note payable at maturity.
The maturity date of the note payable is the date on which the note payable is due to be paid in full. In this case, the note payable will be due on the date that is 6 months after the date of the sale of the land and warehouse.
A. Prepare the Big A Corp's journal entry record of the sale of the land and warehouse.
| Date | Account which Debited | Account that Credited | About Description |
| March 14, 2016 | Land | Cash | Purchase of land for 100,000 |1,050,000∣ ∣April18,2022 ∣ Warehouse ∣UsedTractorTrailer|∣ReceivedfromWalCofor85,000 |
| April 18, 2022 | Land | Used Tractor Trailer|
Received from WalCo for:
250,000, 2022 250,000 ∣∣April18,2022∣Warehouse∣WalCoNotePayable∣Issuedfor650,000 |
B. Prepare all WalCo's journal entry for recording payment of all note payable at the maturity.
| Date | Account which Debited | Account that Credited | About Description |
| Maturity date of note payable | WalCo Note Payable | Cash | Payment of $650,000 to Big A Corp |
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Woodsmith magazine gave instructions on how to build a pine cupboard. Lumber will be needed for two shelves 1134 inches long, two base sides 1112 inches long, and two door stiles 2918 inches long. Your lumber comes in 6 foot lengths. A. How many feet of lumber will you need? (Enter your fraction in lowest terms.)
Answer:
Hi there!
You'll need 860.67 feet of lumber.
Explanation:
First we calculate the needs of lumber in inches
Shelves: 2 x 1,134 = 2,268 inches
Base Sides: 2 x 1,112 = 2,224 inches
Door stiles: 2 x 2,918 = 5,836 inches
Total inches long of lumber needed:
2,268 + 2,224 + 5,836 = 10,328 inches
Then we convert the unit of measure from inches to feet:
One inch equals 0.08333 feet.
10,328 x 0.08333 = 860.67 feet
Figure: The Domestic Interest Rate) Using the graph, if i€ falls, the result is:
A. the dollar interest rate line shifts down and the spot rate rises.
B. the dollar interest rate line shifts up and the spot rate rises.
C. the foreign return line shifts up and to the right and the spot rate rises.
D. the foreign return line shifts down and to the left and the spot rate falls.
If the Euro falls, the domestic interest rate line will shift down and the spot rate will rise.
Here correct answer is A)
This occurs because when the domestic interest rate is lower, investors are incentivized to convert their domestic currency to a foreign currency which, in turn, boosts the demand for the foreign currency and drives the spot rate higher. Additionally, if foreign investors can now earn a higher return on their investments when they convert their capital to the domestic currency, they are further incentivized to exchange their capital and would also contribute to an increase in the spot rate.
The consequent drop in the Euro valued in terms of the domestic currency reflects the appreciation of the domestic currency relative to the Euro.
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