The bad debt expense adjustment for Amber's automotive shop will be $7,500. This adjustment reflects the estimated uncollectible accounts based on the aging analysis and helps maintain an appropriate allowance for doubtful accounts on the balance sheet.
To calculate the bad debt expense adjustment, we need to determine the net realizable value of accounts receivable. The net realizable value is the amount expected to be collected from accounts receivable after considering the estimated uncollectible accounts.
Given information:
Sales: $300,000
Cash sales: $50,000
Accounts receivable: $15,000
Allowance for doubtful accounts: $2,500
Uncollectible accounts (based on aging): $10,000
First, we need to calculate the total accounts receivable (including both cash and credit sales):
Total accounts receivable = Accounts receivable - Cash sales
Total accounts receivable = $15,000 - $50,000
Total accounts receivable = $-35,000 (negative value indicates a credit balance)
Next, we need to determine the desired ending balance for the allowance for doubtful accounts:
Desired ending balance = Uncollectible accounts based on aging
Desired ending balance = $10,000
Now, we can calculate the bad debt expense adjustment:
Bad debt expense adjustment = Desired ending balance - Allowance for doubtful accounts
Bad debt expense adjustment = $10,000 - $2,500
Bad debt expense adjustment = $7,500
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Project selection criteria are typically classified as:__________
The selection criteria for projects are often divided into qualitative and quantitative categories.
What standards apply to a project?The triple constraints—cost, scope, and time—are the three requirements for project success. Although the specifications may vary based on the project's business, employer, or aim, success depends on these three factors.
What three project criteria are there?The three components are scope, time, and cost. Any modification to one of these components will require a change in another component as well. This article describes the project management triangle's theory and how to apply it to successfully manage projects even while requirements and circumstances change ineluctably.
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In a market economy, who makes the decisions that guide most economic activity?.
Answer:
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses.
Explanation:
Please tell me if correct If so branliest would be nice
Which factors did you include in your response? Check all that apply.
Option A is not possible, because I do not have enough money saved.
Option B is not a good choice, because it is over my budget.
Option C is the best choice for my budget.
You can choose anything it wont matter
Option C is the best choice for my budget.
Answer:
All of the above
Explanation:
Advances in technology has increased the number of people needed to
A. Develop computer software
B. Teach children in schools
C. Work on assembly lines
D. Serve in the military
Answer:
A. develop computer software
The electronic raffle has become ubiquitous in professional sporting events lately as a driver of ancillary revenue, as a visitor to the Quicken Loans Arena in Cleveland, Ohio, can likely attest. In 2013, Cleveland sport fans saw a new feature unveiled at major sporting events. The Cleveland Cavaliers offer fans the ability to enter a 50/50 raffle, where half of the pot goes to the winner and the other half to Cavaliers Youth Foundation and other area charities. Other arena tenants, the Cleveland Monsters hockey team and the Cleveland Gladiators arena football team, partake in these raffles to support charities as well. The ability to offer these raffles nightly is made possible due to technological advances. Pointstreak 5050, a Canadian company, has pioneered digital raffle capabilities, developing many advantages over traditional ticket raffles. This company has teamed with many professional teams, including those in the Cleveland area. Tickets are sold by employees who have handheld devices with ticket printers attached. This gives sellers the ability to walk throughout the arena to distribute tickets, while automatically entering patrons into the drawing. This system has increased the amount of revenue that can be taken in during a raffle. It allows fans and ticket sellers to know how much the pot is worth at all times through integration with scoreboard displays, provides the possibility of unlimited tickets to be sold, and produces instant sales and reconciliation reports. Additionally, a title sponsor of the raffle may represent another form of revenue for the team. The other teams in Cleveland have seen similar success from their 50/50 raffles at Quicken Loans Arena, MLB's Cleveland Indians had adopted the same technology to provide raffles for the 2014 season. During the 2017 ALDS in Cleveland, one prize rose to $33,708, while the charity raised the same amount. Other teams across North America are utilizing this raffling technology. The Tampa Bay Lightning have seen success with their 50/50 raffles offering prizes that consistently reach over $20,000 while donating a portion of each game's proceeds will support cancer research at a local research center and other local charities. The 2018 NHL All-Star game in Tampa Bay set a record for the largest 50/50 raffle pot in U.S. history, $276,104, while raising money to build a state-of-the-art street hockey rink for the community. Many teams have seen their contributions to their charities increase significantly, especially the Phoenix Coyotes, who saw a 723 percent increase in contributions when compared with using paper tickets in previous years. Overall, this type of raffle offers excitement for fans, creates more awareness about team charities and title sponsors, provides more sponsorship opportunities, and supports charitable foundations. In the NHL's case, it can provide funding for a legacy project for a mega-event. Pretend you are the manager of a multipurpose indoor sport facility and wish to capitalize on the revenue- generating possibilities offered by technological advances, such as those employed at Quicken Loans Arena. Consider the following: 1. In what ways can technology increase your ability to enhance revenue production and fundraising for your organization? 2. What revenue-producing opportunities might an electronic raffle provide? 3. How might the nonprofit versus for-profit status of your organization affect how you distribute the proceeds of your 50/50 raffle? 4. How might beacon technology enhance your ability to enhance revenue streams? 5. Detail the benefits and potential outcomes of using your chosen technology to enhance ancillary revenue.
Technology can help in enhancing revenue production and fundraising for the organization by offering new revenue-generating opportunities and streamlining existing processes. Technological tools such as electronic raffle and mobile applications can enable organizations to engage with their audience in real-time and provide convenience to them. By partnering with tech companies and creating a user-friendly platform, it is possible to expand outreach and increase participation.
Electronic raffles offer various revenue-producing opportunities for organizations. By selling tickets to patrons, it is possible to generate income that can be used for charitable purposes or to fund new projects. Furthermore, raffles provide the possibility of unlimited tickets to be sold and produce instant sales and reconciliation reports. Through the use of scoreboard displays, it is possible to provide the public with real-time information about the pot size, which can increase ticket sales. Raffles can also generate sponsorship revenue through title sponsors or other forms of advertising.
The nonprofit status of an organization means that its primary objective is to fulfill its social mission rather than generating profit. Therefore, the proceeds of a 50/50 raffle may be distributed differently than in a for-profit organization. In a nonprofit organization, the profits are typically used to fund social programs or reinvested in the organization to further its social mission. However, in a for-profit organization, the profits are typically distributed to shareholders as dividends.
Beacon technology is a location-based technology that uses Bluetooth to communicate with mobile devices. By using this technology, organizations can enhance revenue streams by providing real-time promotions and advertisements to visitors based on their location. This technology can be used to promote products, services, or events to visitors while they are in the facility. Additionally, beacon technology can be used to enhance visitor experiences by providing them with relevant information about the facility and its services.
Detail the benefits and potential outcomes of using your chosen technology to enhance ancillary revenue.The use of electronic raffles can provide many benefits for an organization. By automating the ticket selling process, it is possible to streamline operations and reduce administrative costs. Additionally, the use of electronic raffles can increase participation and ticket sales due to the convenience provided to the public. This can lead to an increase in revenue and fundraising opportunities for the organization. The use of electronic raffles can also provide real-time information to the public about the pot size, which can increase ticket sales. Overall, the use of electronic raffles can provide many benefits for an organization and help to enhance ancillary revenue.
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what are the two general areas of specialization in accounting?
Answer:
Financial Accounting. Financial accounting is an area of accounting that deals with the recording, classifying, reporting and interpreting of a business financial performance and economic conditions to interested users ...
Managerial Accounting. Managerial Accounting is an area of accounting that deals with accumulation of financial information and preparation of reports for internal users only, like the company’s management or ...
Cost Accounting. Cost Accounting is an area of accounting that captures and accumulates manufacturing or production costs for internal use of an entity’s management, used in decision making purpose.
Explanation:
Goals should be manageable and large.
O A.
True
B.
False
Answer:
B) False
Explanation:
your goals can be above and beyond, may take a while to get there, but u will if u keep trying even if u fail the first time.
Which type of interest is charged on both the original amount borrowed and
the interest that has already accumulated?
A. Corporate interest
B. Bankruptcy interest
C. Simple interest
D. Compound interest
Answer: compound interest broski
a c corporation description
Do you think every working American needs a 401(k) account or an IRA? Why or why not?
No links
Need ASAP
Answer:
Both 401(k) accounts and IRAs are retirement savings accounts that allow individuals to save for retirement on a tax-advantaged basis. Contributions to these accounts are tax-deductible, and the earnings on the investments grow tax-free until they are withdrawn during retirement.
There are some benefits to having a 401(k) account or an IRA. They allow individuals to save for retirement in a tax-efficient way, and can provide a significant source of income during retirement. In addition, many employers offer matching contributions to 401(k) accounts, which can be a valuable incentive to participate.
However, there are also some drawbacks to these types of accounts. For example, they are subject to market fluctuations and the investment risk is borne by the individual. In addition, there are limits on how much can be contributed each year, which may not be enough to provide for a comfortable retirement.
Whether or not every working American needs a 401(k) account or an IRA depends on individual circumstances. For some people, these accounts may be a valuable tool for saving for retirement. For others, different types of retirement savings accounts or strategies may be more appropriate. Ultimately, it is up to each individual to determine the best approach for their own retirement planning.
Total quality management is a _________ approach in which the entire organization is managed so that it excels on all dimensions of product and services that are important to the customer.
Total quality management is a structured approach in which the entire organization is managed so that it excels in all dimensions of products and services that are important to the customer.
Total quality management is a structured approach to assessing the output of organizational management. It assesses the outputs like goods and services by improving the internal functions in the firm. The total quality management approach sets certain standards reflecting the priorities of the firm.
Total quality management focuses on customer input, maintaining the commitment of employees by communicating the goals, expectations, and appreciation, and improving the standards in the firm continuously.
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what happens when ethanol is refluxed with acidified sodiumheptaoxodiochromate(4) solution for a long time
Answer:
1-butanol
Explanation:
if the price level falls by 10 percent, the purchasing power of $10,000 would
A. decrease to $1,000.
B. decrease to $9,000.
C. remain constant.
D. increase to $11,000.
If the price level falls by 10 percent, the purchasing power of $10,000 would increase to $11,000.
The purchasing power of money refers to the amount of goods and services that can be purchased with a given amount of money. When the price level falls, it means that goods and services are becoming cheaper relative to the amount of money available.
In this case, if the price level falls by 10 percent, it means that goods and services are becoming 10 percent cheaper. Therefore, the same amount of money can purchase more goods and services. For example, if a gallon of milk cost $4 before the price level fell, it would now cost $3.60 after the 10 percent decline.
So, if $10,000 had a certain purchasing power before the price level fell, it would be able to purchase more goods and services after the decline. In fact, the new purchasing power of $10,000 would be equivalent to the old purchasing power plus the amount saved due to the 10 percent price decline, which is $10,000 + ($10,000 x 0.10) = $11,000.
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why are hedge funds considered a high risk of investment
Answer: the huge potential for money loss.
Explanation: hedge funds are considered to be high-risk investments because of the huge potential for money loss. Again, these funds are primarily controlled by hedge funds managers, and with pools of money going into investments, there is likely going to be some loss.
The lower of cost and net realizable value method was developed to
The lower of cost and net realizable value (LCNRV) method was developed to provide a systematic and conservative approach to valuing inventory on a company's balance sheet.
What is lower of cost and net realizable value?Under this method, the inventory is valued at the lower of its historical cost or its net realizable value (NRV), which is the estimated selling price of the inventory less any costs associated with completing the sale.
The purpose of this method is to ensure that inventory is not overstated on the balance sheet and that any anticipated losses due to declines in market value or obsolescence are recognized in a timely and appropriate manner.
This method is used to avoid overstating the value of inventory on a company's balance sheet, which could lead to inaccurate financial reporting and financial misstatements.
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a project has sales of $300,000, costs of $200,000, depreciation of $60,000, interest expense of $4,000, and a tax rate of 21 percent. what is the value of the depreciation tax shield?
The value of the depreciation tax shield is (C) $12,600.
What is depreciation?An asset loses value over time as a result of use, damage, or obsolescence.
Depreciation is the measurement of this decline.
Depreciation, or a decline in asset value, can be brought on by a variety of other variables, such as bad market conditions, etc.
So, the value of the depreciation tax shield:
The depreciation tax shield formula: Depreciation Tax Shield = Depreciation Expense * Tax Rate %
Now, substitute values and calculate as follows:
Depreciation Tax Shield = Depreciation Expense * Tax Rate %
Depreciation Tax Shield = 60,000 * 0.21
Depreciation Tax Shield = $12,600
Therefore, the value of the depreciation tax shield is (C) $12,600.
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Complete question:
A project has sales of $300,000, costs of $200,000, depreciation of $60,000, interest expense of $4,000, and a tax rate of 21 percent. what is the value of the depreciation tax shield?
a. $47,400
b. $24,800
c. $12,600
d. $38,800
imagine you are a marketing manager at dell computer and tasked with using the bcg portfolio analysis to classify various product lines. if dell has a low level of market share for its tablet line of products designed for students or recreational users and that sector of the marketplace is experiencing a high level of growth, dell's line of tablets would be classified as a .
The Dell's line of tablets would be classified as a" Question Mark" in the BCG portfolio analysis.If Dell has a low position of request share for its tablet line of products designed for scholars or recreational users.
This is because it has a low request share in a high- growth request. Question marks are product lines that bear a lot of investment to grow request share and come request leaders. In this case, the high growth of the request presents an occasion for Dell to increase its request share and potentially turn the product into a star.
This will bear a significant investment in marketing and product development. The outgrowth of this investment will determine whether the product line becomes a star, a cash cow, or a canine in the future. Understanding the request and the eventuality for growth is important for making informed investment opinions.
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What is viability factors researches the demand for products or services?
Answer:
Viability is a mass noun that refers to something's capacity or potential for success. It may be a demand, an idea, a project, or even a plan to change how a business runs. Establishing viability is the goal of a viability evaluation. Product viability is the capacity of a software product to maintain itself or reach its potential.
Explanation:
The term "market viability" describes the commercial potential of a certain market. You may decide whether starting a business in a specific market makes financial sense with the use of a market viability analysis.
Industry size: Is there adequate room on the market for new vendors? Exists room for improvement?
Target market: Do potential customers have more money to spend? Can they afford to purchase your offering?
Competition: Who are the major retailers in this industry, in terms of competition? What are their advantages and disadvantages? How are you going to rival them?
Your objective is to eliminate any markets that are too small, too competitive, or comprised of clients who are unable or unable to pay your prices.
the yield to maturity of a bond is the discount rate that makes the present value of the coupon and principal payments
The yield to maturity (YTM) of a bond is the discount rate that equates the present value of all future cash flows from the bond to its current market price.
In other words, it is the rate of return an investor would earn if they held the bond until it matures and received all the promised payments.
To calculate the yield to maturity, you would need to use an iterative process or financial calculator. The formula for calculating the present value of a bond's cash flows involves discounting each cash flow by the YTM. By adjusting the YTM until the present value of the cash flows equals the bond's market price, you can determine the yield to maturity.
The YTM takes into account the time value of money and the risk associated with the bond's cash flows. It represents the average annual return an investor would earn if they purchased the bond at its current market price and held it until maturity.
It's important to note that the yield to maturity assumes that all coupon payments are reinvested at the YTM rate and that the bond is held until maturity.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
A sales tax imposed on sellers shifts the supply curve leftward for the taxed good because the.
Since sellers have to pay tax to the government, it decreases the effective price received by the seller (= post-tax equilibrium price - Unit tax), so sellers produce less, decreasing market supply.
Deliver curve, in economics, picture illustration of the relationship among product fee and quantity of product that a supplier is inclined and able to supply. Product price is measured on the vertical axis of the graph and the quantity of product furnished on the horizontal axis.
The supply curve is upward sloping because, over the years, providers can pick out how tons of their goods to produce and later deliver to the marketplace.
The supply curve is a photo representation of the correlation between the price of an excellent provider and the amount provided for a given duration. In an average example, the price will seem on the left vertical axis, while the quantity provided will seem on the horizontal axis.
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What is the surface area of the Ceral box?
Hight is 30 width is 20 side width is 5
Answer:
The surface area of the ceral box is 1,500u².
Explanation:
2(30 × 5)+2(30 × 20)= 1,500
30 × 5 = 150
30 × 20 = 600
150 × 2 = 300
600 × 2 = 1,200
1,200 + 300 = 1,500
There's your answer, hopefully it's correct!
Is the following an example of a Temporary or Permanent Account?Company has cash of $35,000 on December 31, 2016; beginning cash balance on January 1, 2017 is also $35,000.
Company has cash of $35,000 on December 31, 2016; beginning cash balance on January 1, 2017 is also $35,000. This is an example of permanent account.
The balances that accumulate over time are recorded in permanent accounts. Records of sales is an illustration of super durable records. Assets, liabilities, equity, accounts payable, inventory, and investments are additional examples of permanent accounts.
An account whose balance does not reset to zero at the end of the accounting period is called a permanent account, also known as a real account. Instead, the balance stays the same throughout each accounting period. Asset, equity, and liability accounts are the most common types of permanent accounts.
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According to the Small Business Administration, the percentage of businesses that
survive the first five years is about
Answer:
50%
Explanation:
The government of the liong kong special administrative region what company is it ?.
The Government of the Hong Kong Special Administrative Region, is known to be the executive authorities of Hong Kong.
What is the special administrative regionThe Hong Kong Special Administrative Region administration is not comparable to a corporation, as it functions as a governing entity. The governing body accountable for overseeing Hong Kong, an exceptional administrative area of the People's Republic of China, is in charge of managing its affairs.
Hong Kong's government is comprised of multiple divisions and bureaus, such as the Chief Executive, the Legislative Council, and the civil service.
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Data on the three adjusting entries follow: a. Rent revenue of $2,900 eamed in December of the current year was neither collected nor recorded. b. Depreciation of $4,100 on the equipment for the current year was not recorded. c. Income tox expense of $4,500 for the current year was neither paid nor recorded. 2. Complete the two columns to the right in the following tabulation to show the effects of the adjusting entries and the corrected amounts on the income statement and balance sheet. Complete this question by entering your answers in the tabs below. Complete the two columns to the right in the following tabulation to show the effects of the adjusting entries and the corrected amounts on the balance sheet. Note: Enter deductions and negative amounts with a minus slgn.
The tabulation will illustrate the changes in relevant accounts on the balance sheet, including assets, liabilities, and equity.
To complete the tabulation and reflect the effects of the adjusting entries and corrected amounts on the balance sheet, we consider the following adjustments:
a. Rent revenue of $2,900 earned in December, but not recorded:
This adjustment will increase the revenue and net income on the income statement. On the balance sheet, it will increase the retained earnings and equity.
b. Depreciation of $4,100 on the equipment not recorded:
This adjustment will decrease the net income on the income statement. On the balance sheet, it will decrease the value of the equipment and the total assets.
c. Income tax expense of $4,500 not paid or recorded:
This adjustment will decrease the net income on the income statement. On the balance sheet, it will decrease the retained earnings and equity.
By completing the tabulation, we can see the effects of these adjustments on the balance sheet accounts. The adjustments will result in changes to assets, liabilities, and equity, providing a more accurate representation of the company's financial position after considering the omitted entries.
Note: The specific details of other accounts and their interactions with these adjustments will impact the final tabulation. It is essential to review the complete set of financial statements and ensure consistency in recording the adjustments to accurately represent the company's financial position.
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Question 6 of 20
What is outsourcing?
A. Keeping trade secrets from competing organizations
B. Hiring workers outside the company to work on a temporary basis
C. Maintaining a balance between work life and personal life
O D. Sending instructions to a computer in another location
True or False: To finalize the budget, compare projected income to projected expenses. When income equals or exceeds total expenses, it is considered a balanced budget.
To finalize the budget, compare projected income to projected expenses. When income equals or exceeds total expenses, it is considered a balanced budget is True.
What is a Budget?
A Budget is a proposed plan that contain estimation on the spending plan based on the income and expenditure.
It is an estimate of the amount of money to be made and how much will be spend in a period or a year.
Therefore, it is True because A balanced budget is an estimation of a plan where the income is equal or exceeds the expenditure in a period.
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15. Why is unemployment a closely watched figure by the government?
16. Briefly explain the connection between a person’s level of education and his or her potential for employability and earnings.
Economics
M-commerce is facilitated primarily by: ___________.
i. laptops.
ii. personal computers.
iii. mobile or cell phones.
iv. the government.
M-commerce is facilitated primarily by mobile or cell phones. The correct answer is option iii.
M-commerce, which stands for mobile commerce, refers to conducting business transactions and activities through mobile devices. Mobile or cell phones play a central role in facilitating m-commerce. With the widespread adoption of smartphones, mobile devices have become the primary means of accessing the internet and conducting various online activities, including shopping, banking, and other commercial transactions.
Mobile phones provide users with the convenience of accessing online stores, making payments, and engaging in e-commerce activities anytime and anywhere. They offer features such as mobile applications, mobile websites, and mobile wallets that enable seamless and secure transactions. Mobile phones also leverage technologies like mobile data, wireless networks, and mobile apps to enhance the m-commerce experience. Overall, mobile phones have revolutionized the way we engage in commercial activities, making m-commerce a significant driver of digital commerce.
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