Answer:
a. 35 years
b. 20 years
c. 525
d. 7
Explanation:
The organization information provided is used to calculate the number of years of service of employee in the organization. The number of male employees are 525 and female employees are 120, among 120 only 7 female employees have done CPA.
The following statements contains some analysis of policies that address the death penalty. Categorize each statement as positive or normative.
a. Killing people is bad.
b. By executing convicted murderers, the government may deter potential murderers and, therefore, decrease the murder rate.
c. It is immoral for the government to kill people.
d. The government should not execute anyone, even murderers.
Answer:
Positive
normative
normative
normative
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, it is a fact that killing is bad. It causes pain to family and friends of the deceased.
Normative economics is based value judgements, opinions and perspectives. For example, the statement - It is immoral for the government to kill people is subjective as what is considered moral is subjective
These are the agents of the
organization.
A. Board of Directors
B. Bondholders
C. Managers
D. Managers
Answer:
bondholder I think it is the correct one
Answer:
It is correct but remove the D. Managers
What positive qualities can employers most likely discover about candidates from candidates’ social media accounts? Check all that apply.
their creativity
their salary demands
their communication skills
how they might get along with others
how long they would likely stay in a job
alll of them but not b
Answer:
This person said it in the question lol. All answers but B.
Employers are most likely to find positive aspects about candidates through their social media sites, such as their inventiveness, communication skills, how they might get along with colleagues, and how long they would likely stay in a job.
Through virtual communities and networks, social media are interactive tools that promote the development and sharing of information, ideas, hobbies, and other kinds of expression. Some of the attributes that employers are likely to find about candidates from their social media profiles are positivity, honesty, openness to learn, humility, teamwork, self-motivation, and great communication skills.
Therefore, all the options are applicable expect the second option.
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Brief summary of New York Yankees Revenue Plan
For Sports Management class.
Answer:
The Yankees were the lead investors in a group that included Amazon and Sinclair Broadcast Group that bought 80% of the YES Network from Walt Disney in August 2019. The enterprise value of the deal was $3.47 billion. Prior to the deal, the Yankees owned 20% of the regional sports network. Last summer, Disney agreed to sell off 21st Century Fox’s 22 regional sports networks to secure Justice Department approval of its acquisition of major 21st Century Fox assets. The Yankees launched YES, the most-watched regional sports network in the country, in 2002, and the original investors were the team, Goldman Sachs, Quadrangle Group, the owners of the New Jersey (now Brooklyn) Nets, and others. A minority stake in YES was sold to Fox in 2012, and Fox increased its stake to 80% in 2014. The valuation of the sale to Fox was over $4 billion (including $1.7 billion of debt), with the Yankees share valued at $4.2 billion and the remaining portion valued at $3.9 billion.
Explanation:
As the video showed, there are many people who are so concerned about the viability of banks, and indeed the entire financial system, that they are buying gold and silver coins instead of trusting their money to banks. However, the government provides protection from having bank accounts wiped out as they were during the Great Depression. The _____________ is an independent agency of the U.S. government that insures bank deposits (up to $250,000).
Explain why the concept of an organization as an iceberg is important.
Answer:An organizational iceberg can sink a business if the leaders don't take the time to find out what's beneath the surface of their culture. But once you recognize the issues at the different levels of the organizational iceberg, you can appropriately address them and keep your business in safe waters.
Explanation:IM SMART
Larsen Company adds materials at the beginning of the process in Department 2. Data concerning the materials used in May production are as follows: Units Work-in-process at May 1 12,000 Started during May 32,000 Completed and transferred out during May 33,000 Normal spoilage incurred 3,000 Work-in-process at May 31 8,000 Using the weighted-average method, the equivalent units for materials are:
Answer:
$44,000
Explanation:
Calculation for the equivalent units for materials
Using this formula
Equivalent unit of material = Completed and transferred out+Normal spoilage+Ending work in process
Let plug in the formula
Equivalent unit of material = $33,000+$3,000+$8,000
Equivalent unit of material = $44,000
Therefore Using the weighted-average method, the equivalent units for materials are $44,000
Ann Ellis is a systems analyst at CyberStuff, a large company that sells computer hardware and software via telephone, mail order, and the Internet. CyberStuff processes several thousand transactions per week on a three-shift operation and employs 50 full-time and 125 part-time employees. Lately, the billing department has experienced an increase in the number of customer complaints about incorrect bills. During the preliminary investigation, Ann learned that some CyberStuff representatives did not follow established order entry procedures. She feels that with more information, she might find a pattern and identify a solution to the problem. Ann is not sure how to proceed. She came to you, her supervisor, with two separate questions.
a. Is a questionnaire the best approach, or would interviews be better?
b. Whether Ann uses interview, questionnaire, or both techniques, should she sample by random, include an equal number of people from each shift, or use some other approach? As Ann’s supervisor, what would you suggest, and why?
Answer:
A) The use of both techniques ( i.e. questionnaire and Interview )
B) The sampling method should include an equal number of workers from each shift, this is to ensure that every shift's opinion is broadly covered.
Explanation:
A) The best approach in resolving this problem is the application of both questionnaires and interviews, this is because the questions will be covered in both the questionnaire and interview therefore a more detailed/accurate answer can be gotten by combining both processes
B) The sampling method should include an equal number of workers from each shift, this is to ensure that every shift's opinion is broadly covered.
1-11 Identifying effects of transactions using accounting equation-Assets and Liabilities LO P1 The following transactions were completed by the company. The owner (Alex Carr) invested $17,400 cash in the company. The company purchased supplies for $1,100 cash. The owner (Alex Carr) invested $11,200 of equipment in the company. The company purchased $320 of additional supplies on credit. The company purchased land for $10,200 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.)
Solution :
Assets = Liabilities + Capital
(cash) (supplies) (equipment) (land) (payables)
$17400 = $17400
-$1100 $1100 =
$11200 = $11200
$320 = $320
-$10200 $12200
The balance after all the transaction is :
Assets = Liabilities + Capital
$28920 = $320 + $28600
The wage gap refers to?
Answer:
The "wage gap" refers to the difference between men's earnings and women's earnings. ... Women are more likely to work part time jobs for non-economic reasons than men are.
Explanation:
The "wage gap" refers to the difference between men's earnings and women's earnings. Women are more likely to work part time jobs for non-economic reasons than men are.
Why the wages are not perfectly flexible?The wages are not perfectly flexible because workers are not paid their individual marginal revenue product (MRP) but at standard wage rate and wages do not change very frequently but only at certain time periods. Downward wage infexibility is the measured as the resistance against average wage cuts in the event of adverse economic shocks.
In a recessionary gap, the implications of downward wage inflexibility are that there will be no rightward shifts of SRAS, allowing for persistent higher unemployment than would occur at Natural Real GDP.
A recessionary gap is the amount by which aggregate expenditures falls short of the level needed to generate equilibrium real GDP at full employment without inflation. An outcome of a recessionary gap is increased unemployment.
Therefore, The "wage gap" refers to the difference between men's earnings and women's earnings. Women are more likely to work part time jobs for non-economic reasons than men are.
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Following are the transactions of a new company called Pose-for-Pics.Aug. 1 Madison Harris, the owner, invested $8,000 cash and $34,400 of photography equipment in the company in exchange for common stock.2 The company paid $3,000 cash for an insurance policy covering the next 24 months.5 The company purchased office supplies for $1,520 cash.20 The company received $4,000 cash in photography fees earned.31 The company paid $884 cash for August utilities.Prepare general journal entries for the above transactions.
Answer:
Aug 1
Dr cash $8,000
Dr photography equipment $34,400
Cr Common Stock $42,400
Aug 2
Dr Prepaid Insurance $3,000
Cr Cash$3,000
Aug 5
Dr Office supplies $1,520
Cr Cash$1,520
Aug 29
Dr Cash $4,000
Dr photography fees earned $4,000
Aug31
Dr Utilities expense $884
Cr Cash $884
Explanation:
Preparation of the general journal entries for the above transactions.
Aug 1
Dr cash $8,000
Dr photography equipment $34,400
Cr Common Stock $42,400
(8,000+34,400)
Aug 2
Dr Prepaid Insurance $3,000
Cr Cash$3,000
Aug 5
Dr Office supplies $1,520
Cr Cash$1,520
Aug 29
Dr Cash $4,000
Dr photography fees earned $4,000
Aug31
Dr Utilities expense $884
Cr Cash $884
On March 1, 20Y8, Eric Keene and Renee Wallace form a partnership. Keene agrees to invest $21,060 in cash and merchandise inventory valued at $56,290. Wallace invests certain business assets at valuations agreed upon, transfers business liabilities, and contributes sufficient cash to bring her total capital to $59,950. Details regarding the book values of the business assets and liabilities, and the agreed valuations, follow:
Wallace’s Ledger Agreed-Upon
Balance Valuation
Accounts Receivable $18,650 $17,770
Allowance for Doubtful Accounts 1,580 1,950
Equipment 83,230 54,190
Accumulated Depreciation 30,260 –
Accounts Payable 14,910 14,910
Notes Payable (current) 35,970 35,970
The partnership agreement includes the following provisions regarding the division of net income: interest on original investments at 10%, salary allowances of $22,660 (Keene) and $30,270 (Wallace), and the remainder equally.
Required:
a. Journalize the entries on March 1 to record the investments of Keene and Wallacein the partnership accounts.
b. Prepare a balance sheet as of March 1, 20Y8, the date of formation of the partnership of Keene and Wallace.
Answer:
Explanation:
a. The journal entries are shown below:
Cash $21,060
Merchandise inventory $56,290
To Eric Keene's Capital $77,350
(To record investment made)
Accounts receivable $17,770
Equipment $54,190
Cash (Liabilities - Assets) $40,820
To Allowance for doubtful accounts $1,950
To Accounts payable $14,910
To Notes payable (current) $35,970
To Reene Wallace's capital $59,950
(Being capital contribution by Reene wallace is recorded)
2.
KEENE AND WALLACE
Balance Sheet
March 1, 20Y8
Assets
Current Assets
Cash (21,060 + 40,820) $61,880
Accounts Receivable Less Allowance $15,820
Merchandise inventory $56,290
Total current assets $133,990
Property, plant and Equipment
Equipment $54,190 54,190
Total Assets $188,180
Liabilities
Current Liabilities
Accounts Payable $14,910
Notes Payable $35,970
Total liabilities $50,880
Partner's Equity
Eric Keene's capital $77,350
Renee Wallace's capital $59,950
Total partner's equity $137,300
Total liabilities and partner's equity $188,180
Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow:______.
Fees earned $900,000
Office expense 300,000
Miscellaneous expense 15,000
Wages expense 450,000
Prepare an income statement for the year ended May 31, 20Y6.
Paradise Travel Service
Income Statement
For the Year Ended May 31, 20Y6
Fees earned $________ 2 900,000 Expenses: Wages expense $______ 4 -450,000 Office expense ______ 6 ______ 8 Total expenses ______ 9 $______ 11
Answer:
The net income from the income statement is $135,000.
Explanation:
The income statement for the year ended May 31, 20Y6 can be prepared as follows:
Paradise Travel Service
Income Statement
For the Year Ended May 31, 20Y6
Particulars $ $
Revenue:
Fees earned 900,000
Expenses:
Wages expense (450,000)
Office expense (300,000)
Miscellaneous expense (15,000)
Total expenses (765,000)
Net income 135,000
Therefore, the net income from the income statement is $135,000.
Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $371,000, $142,000, and $98,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $29,200, and work in process at the end of the period totaled $28,400. Required:
a.
(1) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials
(2) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct labor
(3) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for factory overhead
b. On September 30, journalize the entry to record the transfer of production costs to the second department, Sifting
Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
Answer:
A.
1. Dr Work-in process - Refining Department $371,000
Cr Materials $371,000
2. Dr Work-in process - Refining Department $142,000
Cr Wages Payable $142,000
3. Dr Work-in process - Refining Department $98,400
Cr Factories Overhead - Refining Department $98,400
B. Dr Work-in process - Sifting Department $612,200
Cr Work-in process - Refining Department $612,200
Explanation:
A. Preparation of the journalentry to record the flow of costs into the Refining Department during the period for factory overhead
1. Dr Work-in process - Refining Department $371,000
Cr Materials $371,000
(Being To record usage of direct material)
2. Dr Work-in process - Refining Department $142,000
Cr Wages Payable $142,000
(Being To record usage of direct labor)
3. Dr Work-in process - Refining Department $98,400
Cr Factories Overhead - Refining Department $98,400
(Being To record applied manufacturing overhead)
Preparation of the journal the entry to record the transfer of production costs to the second department
Dr Work-in process - Sifting Department $612,200
[$29,200 + ($371,000 + $142,000 + $98,400) - $28,400]
Cr Work-in process - Refining Department $612,200
(Being To transfer costs to the second department)
Universal Foods issued 10% bonds, dated January 1, with a face amount of $150 million on January 1, 2016. The bonds mature on December 31, 2030 (15 years). The market rate of interest for similar issues was 12%. Interest is paid semiannually on June 30 and December 31. Universal uses the straight-line method. Required: 1. Determine the price of the bonds at January 1, 2016. 2. Prepare the journal entry to record their issuance by Universal Foods on January 1, 2016. 3. Prepare the journal entry to record interest on June 30, 2016. 4. Prepare the journal entry to record interest on December 31, 2023.
Answer:
1. $ 129,352,725
2. Jan 1 2016
Jan 1 2016
Dr Cash $ 129,352,725
Dr Discount on issue of bonds $20,647,275
Cr Bonds payable $150,000,000
3. June 30, 2016
Dr Interest expense $8,188,243
Cr Discount on bonds payable $688,243
Cr Cash $7,500,000
4. December 31, 2023
Dr Interest expense $8,188,243
Cr Discount on bonds payable $688,243
Cr Cash $7,500,000
Explanation:
1. Calculation to Determine the price of the bonds at January 1, 2016
First step is to find Present value of an ordinary annuity of $1: n = 30, i = 6% (PVA of $1) using ordinary annuity table
Present value of an ordinary annuity of $1: n = 30, i = 6% (PVA of $1)
Present value of an ordinary annuity of $1=13.76483
Second step is to find the Present value of $1: n = 30, i = 6% (PV of $1)
Present value of $1: n = 30, i = 6% (PV of $1)=0.17411
Now let calculate the Price of the bonds at January 1, 2016
Interest $ 103,236,225
[(10%/2 semiannually*$150,000,000) *13.76483]
Add Principal $26,116,500
($150,000,000 *0.17411 )
Present value (price) of the bonds $ 129,352,725
($ 103,236,225+$26,116,500)
Therefore the Price of the bonds at January 1, 2016 will be $ 129,352,725
2. Preparation of the journal entry to record their issuance by Universal Foods on January 1, 2016.
Jan 1 2016
Dr Cash $ 129,352,725
($ 103,236,225+$26,116,500)
Dr Discount on issue of bonds $20,647,275
($150,000,000-$ 129,352,725)
Cr Bonds payable $150,000,000
(Being to record issue of Bond)
3. Preparation of the journal entry to record interest on June 30, 2016
June 30, 2016
Dr Interest expense $8,188,243
($7,500,000 + $688,243)
Cr Discount on bonds payable $688,243
($20,647,275 ÷ 30)
Cr Cash $7,500,000
(10%/2 × $150,000,000)
(Being to record interest paid)
4. Preparation of the journal entry to record interest on December 31, 2023.
December 31, 2023
Dr Interest expense $8,188,243
($7,500,000 + $688,243)
Cr Discount on bonds payable $688,243
($20,647,275 ÷ 30)
Cr Cash $7,500,000
(10%/2× $150,000,000)
(Being to record interest paid)
One disadvantage of a sole proprietorship as a form of business organization is that: a. owners of sole proprietorships generally find it difficult to negotiate separation agreements with the other partners in the firm. b. sole proprietorships are less efficient than corporations, because they are less specialized in production. c. owners of sole proprietorships generally have very little control over how they operate their businesses. d. sole proprietorships cannot lower the transaction costs associated with contracting with resource owners. e. owners of sole proprietorships can lose all their personal assets if the business is sued or fails.
Answer:
e. owners of sole proprietorships can lose all their personal assets if the business is sued or fails.
Explanation:
Remember, in a sole proprietorship form of business ownership, the owner's personal assets are not usually separated from the business since the business isn't viewed as a separate legal entity.
Hence, in a case where the business incurs liability or sued/fails, the owner's personal assets can be targeted in the lawsuit and may lead to loss of all their personal assets.
Quality Ceramic, Inc. (QCI) defined five submarkets within its broad product-market. To obtain some economies of scale, QCI decided not to offer each of the submarkets a different marketing mix. Instead, it selected two submarkets whose needs are fairly similar, and is counting on promotion and minor product differences to make its one basic marketing mix appeal to both submarkets. QCI is using the
Answer:
combined target market approach
Explanation:
When a company engages in a combined target market approach, it segregates potential markets into pairs or small groups which share similarities and then offers their products or services to them. The marketing mix will be similar for all the small segments that are within the larger group.
Firms use economic analyses to better understand the overall outlook for the economy and how economic changes will impact the firm.
a. True
b. False
Answer:
True.
Explanation:
It is a true statement.
The firm economic result that is, financial performance depends upon various factors that includes external forces also.
Further, to remain in industry ( or for stable growth ), the firm have to synchronize their activities with the environment.
The question specifies economic environment that relatively impact the firm. So , this statement is true.
Azus is an international food products company with subsidiaries in many countries. It employs host-country nationals extensively in each of its foreign locations. The corporate human resources (HR) function in Azus focuses primarily on coordinating relevant activities with their counterparts in each foreign location. Each subsidiary has its own fully functioning HR department that is responsible for managing all local HR issues for lower- and upper-level employees. In the given scenario, which of the following staffing models does Azus employ?
A) Regiocentric staffing model
B) Polycentric staffing model
C) Ethnocentric staffing model
D) Geocentric staffing model
Answer: Polycentric staffing model
Explanation:
The staffing model employed by Azus is the polycentric staffing model. This is an approach whereby the nationals of a particular country are employed in the central offices while foreigners are employed into their subsidiaries overseas. The foreigner are locals in their countey.
The advantages are that hiring locals are less costly and can improve employee morale and increase in productivity.
A comparative balance sheet for Culver Corporation is presented as follows.
December 31
2020 2019
Assets
Cash 72740 22000
Accounts receivable 83220 67480
Inventory 181220 190480
Land 72220 111480
72,740 83,220 181,220 72,220 $ 22,000 67,480 190,480 111,480
Equipment 261,220 201,480
Accumulated Depreciation- (70,220) (43,480)
Equipment
Total $600,400 $549,440
Liabilities and Stockholders' Equity
Accounts payable 35,220 $48,480
Bonds payable 150,000 200,000
Common stock ($1 par) 214,000 164000
Retained earnings 201,180 136,960
Total Additional information:
1. Net income for 2020 was $127,440. No gains or losses were recorded in 2020.
2. Cash dividends of $63,220 were declared and paid.
3. Bonds payable amounting to $50,000 were retired through issuance of common stock.
Prepare a statement of cash flows for 2020 for Culver Corporation. (Show amounts that decrease cash flow wit sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Answer:
Increase in cash = $50,740
Explanation:
The statement of cash flows for 2020 can be prepared as follows:
Culver Corporation
Statement of Cash Flows
For December 31, 2020
Particulars $ $
Net income 127,440
Adjustment to reconcile net income:
Depreciation expenses (w.1) 26,740
(Increase) decrease in current assets:
Increase in accounts receivable (w.2) (15,740)
Decrease in inventory (w.3) 9,260
Increase (decrease) in current liabilities:
Decrease in accounts payable (w.4) (13,260)
Net cash from operating activities 134,440
Cash Flow from Investing Activities
Sales of land (w.5) 39,260
Purchase of equipment (w.6) (59,740)
Net cash from investing activities 20,480
Cash Flow from Financing Activities
Cash dividends paid (63,220)
Net cash from financing activities 63,220
Increase / (Decrease) in cash 50,740
Beginning cash balance 22,000
Ending cash balance 72,740
Workings:
w.1: Depreciation expenses = Accumulated Depreciation in 2020 - Accumulated Depreciation in 2019 = $70,220 - $43,480 = $26,740
w.2: Increase in accounts receivable = Accounts receivable in 2020 - Accounts receivable in 2021 = $83,220 - $67,480 = $15,740
w.3: Decrease in inventory = Inventory in 2020 - Inventory in 2019 = 181220 190480 = -$9,260
w.4: Decrease in accounts payable = Accounts payable in 2020 - Accounts payable in 2019 = ($35,220 - $48,480) = $13,260
w.5: Sales of land = Land in 2019 - Land in 2020 = ($111,480 - $72,220) = $39,260
w.6: Purchase of equipment = Equipment in 2020 - Equipment in 2019 = $261,220- $201,480 = $59,740
GIVING BRAINLIEST
hi!.... so i have a question for all of you... how do you make money?
Answer: Doing activities that involve services that qualify for payment.
Explanation: Those services could be our normal daily jobs. Janitors, teachers, engineers, doctors, etc. Other ways to make money could be doing it the easier way, but not making a better profit then the daily services. That can be finding trips or tricks online to make a quick buck, doing small jobs like delivering newspapers or having a food stand.
GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in advance. GreenLawn's general journal entry to record this transaction on May 1 will include a: a. Debit to Unearned Revenue for $60,000. b. Credit to Cash for $60,000. c. Credit to Unearned Revenue for $60,000. d. Debit to Accounts Receivable for $60,000. e. Credit to Accounts Receivable for $60,000.
Answer:
c. Credit to Unearned Revenue for $60,000
Explanation:
Based on the information given in a situation where the company provides landscaping services to clients in which On May 1 we were told a customer paid the company the amount of $60,000 in advance which means that the general journal entry to record this transaction on May 1 will include :Credit to Unearned Revenue for $60,000
Dr Cash $60,000
Cr Unearned revenue $60,000
Suppose that Econistan produces two goods, marshmallows and toothpicks, under conditions of constant opportunity costs. Given its resources, the maximum number of marshmallows that it can make is 1000 pounds, and the opportunity cost of making one additional box of toothpicks is 4 pounds of marshmallows. a) (5 points) What is the maximum amount of toothpicks that Econistan can produce
Answer:
maximum number of toothpicks to be produced = 250
Explanation:
given data
maximum number of marshmallows = 1000 pounds
opportunity cost = 4 pounds
solution
we get here max no of toothpick that is express as
max no of toothpick = maximum number of marshmallows ÷ opportunity cost one toothpicks .......................1
put here value
max no of toothpick = [tex]\frac{1000}{4}[/tex]
max no of toothpick = 250
maximum number of toothpicks to be produced = 250
Cold Goose Metal Works Inc. just reported earnings after tax (also called net income) of $8,000,000 and a current stock price of $14.75 per share. The company is forecasting an increase of 25% for its after-tax income next year, but it also expects it will have to issue 1,500,000 new shares of stock (raising its shares outstanding from 5,500,000 to 7,000,000). If Cold Goose's forecasr turns out to be correct and its price-to-earnings (P/E) ratio does not change, what does the company's management expect its stock price to be one year from now?
Answer:
$14.49
Explanation:
Present P/E ratio = Current stock price/(Net income/Shares outstanding)
Present P/E ratio = 14.75/($8,000,000/5,500,000 shares)
Present P/E ratio = 10.1406
EPS after 1 year = 8000000*125%/ 7000000
EPS after 1 year = 1.4286
Stock price = EPS after 1 year * Present P/E ratio
Stock price= 1.4286* 10.1406
Stock price = $14.49
Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 3% of net credit sales will be uncollectible. On January 1, theAllowance for Doubtful Accounts had a credit balance of $2,400. During the year, Abbott wrote off accounts receivable totaling $1,800 and made credit sales of $100,000.There were no sales returns or sales discounts during the year. After the adjusting entry, the December 31, balance in the Bad Debt Expense will be:________.
a. $1,200
b. $3,000
c. $3,600
d. $7,200
Answer:
b. $3,000
Explanation:
According to the above information, the following data are given
Credit sales = $100,000
Uncollectible percentage = 3%
So, after the adjustment by using allowance method, Bad debt expense can be calculated as;
Bad debt expense = Credit sales × Uncollectible percentage
= $100,000 × 3%
= $3,000
Provide an example of an organization that continuously maintains and improves customer satisfaction through a TQM approach. Include specific examples of how customer satisfaction is improved by company initiatives. In your responses to peers, compare and contrast the organization chosen by a peer with the one you chose. How might each organization benefit from the other's experiences with improving customer satisfaction
Answer:
Customers require value for money.
Explanation:
Total Quality Management TQM is an approach to make the product best for its customers and work towards customer satisfaction. Customers demands may be different, some customers require value for money while others just go for brand image. Some customers like online shopping while other prefer buying the product after watching its specs. The motive of a business is to satisfy the needs of all of its customers. Coca Cola beverages company has also focused on satisfying its customers. It responds to the various flavor requirements by its customers and has introduced more than 5 flavored drinks. The quality of any drink is not compromised and it aims to provide value for money to its customers.
GIVING BRAINLIEST
hi!.... so i have a question for all of you... how do i make money? ( cuz ya know i'm too young T - T
backstory
i'm going to sound WEIRD ik but here it goes, last christmas i got the microphone i needed for my project, but that's before i realised that the 93$ i had been saving for mo months wasn't going to cut the costs of the drawing tablet i needed... to finally pursue my dream, my yt channel so i looked into getting a job but guess what! the area im living in means that i'm exactly 9 months to young to get one, i would wait but that microphone was expensive and i don't want to so can you help me?
can you please answer or comment some money ideas?
Answer:
yes, start selling stuff
ex) start a closet on IG, sell on ETSY, Mercardi
2. invest money in stocks its a risk but your money can increase or decrease just make a smart buy
Explanation:
plz mark brainliest
PROJECT: FARM SAFETY RULES
You and Gerald are preparing to build a wagon in the shop on your family farm. Since you may be busy with other tasks, you feel that it is important to instruct Gerald on shop safety. When the two of you walk into the shop, Gerald asks about the different colors that appear to be marking different areas. You realize that he is speaking about the OSHA color-coding that you and your grandfather painted just last winter. How do you explain the colors to Gerald? Sketch out an imaginary shop, and include the colors to differentiate the areas. This sketch will be the basis for your explanation. Include a written "script" that connects the important concepts to the colors. Be sure to use correct rules of writing and grammar.
The correct answer to this open question is the following.
The way I would explain the colors to Gerald is by sketching out an imaginary shop, including the colors to differentiate the areas Gerald could understand the way colors are used.
According to OSHA, the Occupational Safety and Health Administration, every factory, business, shop, and office must identify different zones of risk through the use of colors.
Signs with color red menas fired-related hazards, hot water, hazardous objects or machines, fire alarms, the sign of an exit.
Signs with the color yellow is to indicate "precaution." To be aware of, watch your step, stumbling, or tripling. It is a color to indicate precaution and avoid injuries.
Signs in orange are to identify potential risks with an added explanation. It is not too great a risk such as in the case of the color red, but it needs to communicate that there is a risk with consequences. Example: low clearance levels or electrical hazards.
The green color indicates general messages or important messages to be aware of. No specific risk or danger. Just to inform people to be alert. This color suggests good practices in the workplace.
The blue color indicates informative messages unrelated to risk practices.
Messages such as "show your ID all the time," or sign in, before entering."
3. During a typical performance appraisal, the employee's supervisor evaluates the employee's work in terms of
• A. diverse management strategy.
O B. industry norms.
O C. his or her contribution to the organization.
O D. economic forecasts.
Answer:
O C. his or her contribution to the organization.
Explanation:
A performance appraisal reviews an employee's job performance and overall contribution to a company. It is also called an annual review, performance review or evaluation, or employee appraisal. Performance appraisal provides feedback on each employee's performance, serves as a basis for modifying or changing work behavior, and provide data to managers with which they may judge future job assignments and performance.
Functions of money and barterConsider an economy in which money does not exist, so that agents rely on barter to carry out transactions. When the economy was small, barter seemed sufficient. However, the economy has now begun to grow.If people in this economy trade three goods, the price tag of each good must list ______________?prices, and the economy requires____________?prices for people to carry out transactions.Suppose that the number of goods people trade increases to 15. Then the price tag of each good must list _________?prices, and the number of prices that the economy requires increases to____________?Now suppose that our economy has a money. The government now issues a national currency and there is no longer any barter.In this economy, money and currency are not the same because:1. The fact that the government issues currency means that the currency will be accepted as money by all agents.2. The fact that the currency is backed by the government means that it will never lose value and will remain a perfect unit of account.3. Just because the government issues currency does not mean that the currency will be accepted as money, since it must be used as a medium of exchange, store of value and standard of value.4. Just because the government issues currency does not mean that the currency will be accepted as money, and buyers and sellers still need barter to ensure that money does not lose its value.Suppose now that our economy is suffering from rapid, ongoing increases in the cost of living. Which characteristic of money is directly negatively impacted in that economy?1. Medium of exchange2. Double coincidence of wants3. Store of value4. Unit of account
Answer:
Money and Barter System
a. 9 prices
b. 9 prices
c. 225 prices
d. 225
e. 2. The fact that the government issues currency means that the currency will be accepted as money by all agents.
f. The characteristic or quality of money that is directly negatively impacted in that economy by the rapid, ongoing increases in the cost of living is the:
3. Store of value.
Explanation:
Before the governments started to mint money or currency, the barter system was the system of exchanging goods and services between two people. The barter system relied on the exchange of goods and services that were required by one person if she could find another person who possessed the goods or services and was willing to accept or actually needed the goods or services that the first person had. The exchange system was complicated, involving the location of the other party in the barter transaction.