Dividend shares=[tex]$100800[/tex]
Dividend shares =dividend rate*preferred stock
if dividend rate=2%
Dividend shares=2%*50400=$100800
Stocks of companies that regularly distribute to their owners, typically in the form of cash payments, are known as dividend stocks. The finest dividend stocks can be fantastic strategies to build long-term wealth in addition to being valuable sources of income. The Distribution of Dividends. A dividend is when a class of shareholders receives a portion of a company's earnings. Typically, dividends are paid in the form of dividend checks. They might, though, also receive payment in more equity shares.
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if supply and demand are not moving, but consumers are responding to increasing prices, what situation is being eliminated in the market for that good? (3 points)
The situation is being eliminated in the market for that good:
Economists call this the Law of Demand. If the price goes up, the quantity demanded goes down (but demand itself stays the same).
A surplus exists when the price is above equilibrium, which encourages sellers to lower their prices to eliminate the surplus.
A price below equilibrium creates a shortage.
A market is any area where makers, vendors, or retailers promote, and purchasers purchase. Examples include shops, excessive streets, or websites. The time period may also talk to the whole group of shoppers for a very good or carrier. companies that function in markets are commonly in competition with other agencies.
A market is an area where buyers and sellers can meet to facilitate the change or transaction of products and offerings. Markets may be bodily like a retail outlet, or virtual like an e-retailer.
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Assume the following information:U.S. investors have $1,000,000 to invest1-year deposit rate offered by U.S. banks = 12%1-year deposit rate offered on Swiss francs = 10%1-year forward rate of Swiss francs = $.62Spot rate of Swiss franc = $.60Given this information:Group of answer choicesinterest rate parity exists and covered interest arbit¬rage by U.S. investors results in a yield above what is possible domestically.interest rate parity doesn’t exist and covered interest arbitrage by U.S. investors results in a yield above what is possible domestically.interest rate parity exists and covered interest arbit¬rage by U.S. investors results in the same yield as investing domestically.interest rate parity doesn’t exist and covered interest arbitrage by U.S. investors results in a yield below what is possible domestically.
There is no interest rate parity, and covering interest arbitrage by American investors produces a domestic return of the less than 13.7%.
How much does interest rate?An amount that a borrower must pay to a lender as interest during the course of a loan, stated as a percentage of a loan amount. It's possible for a rate change to be positive or negative. It is more a reflection of the overall state of the American economy.
What has ever been the highest interest rate?According to Freddie Mac data, in 1981, whenever the yearly rate was 16.63%, interest rates hit their maximum height in contemporary history. From there, fixed rates decreased, but they still ended the decade at about 10%. It was expensive to borrow money during the 1980s.
Briefing:$1,000,000/$.60 = SF1,666,667 × (1.1)
= SF1,833,333 × $.62 = $1,136,667Yield
= ($1,136,667 − $1,000,000)/$1,000,000
= 13.7%yield.
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Lindsay is one of the directors of Sky Create, Inc, a graphic design company. In which of the following situations will a court most likely find that Lindsay breached her duty of care?
Multiple Choice
A. Lindsay proposes that the company purchase new software from her sister’s company, without disclosing her ownership interest in that company to the board.
B. Lindsay learns about a potentially lucrative business opportunity related to the business, but keeps the information to herself so that she can pursue it individually.
C. Lindsay abstains from verifying the treasurer’s accounts, because she believes that the treasurer is reliable.
D. Lindsay believes that a reporting officer has been acting suspiciously but still allows him to make decisions.
Lindsay abstains from verifying treasurer’s accounts, because she believes that treasurer is reliable is situation that a court will most likely find that Lindsay breached her duty of care.
Who is a treasurer?An organization's treasurer is in charge of managing its finances. Cash and liquidity management, risk management, and corporate finance are among a corporate treasurer's important primary responsibilities. Many volunteer organizations, especially not-for-profit organizations like charities and theaters, designate treasurers who are responsible for maintaining the treasury, whether this is done by setting the price of a product, securing sponsorships, or planning fundraising activities. The treasurer would also be a member of the committee that would supervise how the funds are used, either by directly directing expenditure or by approving it as necessary. They must make sure the organization has enough funds to carry out its declared goals and objectives and that neither too little nor too much money is spent.
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even if resource prices and technology are the same for all firms, which are the first to leave the industry when demand declines?
Companies charge roughly the same prices since they have little incentive to do so other than in accordance with market demand.
Which kind of market results in the most effective use of the resources available to society?The resources of society are used more effectively when there is perfect competition. This is due to the fact that in a market with perfect competition, firms create a quantity at which marginal cost and price are identical, leading to allocative efficiency.
Which scenario is most likely to result in businesses leaving a sector?Which situation is MOST likely to prompt businesses to leave a highly competitive market? Consumer spending declines. It is believed that an industry with perfect competition is efficient when: Over time, the average total cost of production of the industry's output is reduced.
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Toby operates a small deli downtown. The deli industry is monopolistically competitive. Toby is producing the quantity that minimizes his average total cost. Assuming that Toby is maximizing profits, his:
a. marginal cost is less than his marginal revenue.
b. price equals his average total cost.
c. price is more than his average total cost.
d. marginal cost is less than his average total cost.
If we are to assume that Toby is maximizing his profit, then his a. marginal cost is less than his marginal revenue.
How can profit be maximized?The profit to a monopolistically competitive firm is the point where marginal revenue is equal to marginal cost. At this point, it means that the resources are all being utilized effectively.
However, it is also possible to minimize average total cost if the marginal revenue is more than the marginal cost. For this to happen, the average total cost needs to be minimized as is the case with Toby.
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in today's legal environment, managers who are convicted for the misuse of information systems are unlikely to be given a prison sentence. group of answer choices true false
Managers guilty of misusing information technology are unlikely to face prison time in today's legal environment. It is untrue. Thus, the correct choice is false.
What is a legal environment?The legal environment of business refers to the acts of the government in regard to the trade and commerce of the country. It also includes contemporary economic control trends, taxation policies, firm history, and market competitive regulation.
Legal difficulties affect businesses in a number of ways. Corporate and corporate regulations determine whether a product is legal to sell in the market. Furthermore, a company must adhere to national standards and laws when it comes to product marketing, selling, inventory management, and so on.
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Hanover Tech is currently an all-equity firm that has 320,000 shares of stock outstanding with a market price of $19 a share. The current cost of equity is 15.4 percent and the tax rate is 36 percent. The firm is considering permanently adding $1.2 million of debt with a coupon rate of 8 percent to its capital structure. The debt will be sold at par value. What is the levered value of the equity?
a. $5.209 million
b. $5.312 million
c. $5.436 million
d. $6.512 million
e. $6.708 million
The levered value of the equity is option D. $6.512 million.
Leveraged equity is the inventory of a agency that has considerable debt, which is likewise called leverage. due to the fact the organisation operates basically with the aid of the use of debt, leveraged equity includes more risk than traditional fairness. depending upon the amount of leverage a company has, it is able to be as volatile as debt.
Leverage is an funding method of using borrowed cash—specifically, using various economic instruments or borrowed capital—to growth the capacity return of an investment. Leverage can also talk over with the amount of debt a company makes use of to finance assets.
Calculation:-
The value of levered equity
Value = Equity + Debt
= (320000 × 19) + (36 % × 1200000)
= $6512000
or $6.512 million
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boeing collaborated in a strategic alliance with fuji, mitsubishi, and kawasaki in the development and production of the boeing 777 to minimize boeing's financial exposure. what benefit of strategic alliances was boeing seeking?
The pursuit of shared risk was a benefit of strategic alliances.
What advantages do strategic alliances offer?
An organization can reach a larger audience without spending more time or money through strategic alliances.A strategic alliance offers a chance to expand a franchise company's clientele and reach new potential customers. A franchise company is always looking for innovative ways to do both.
What are the advantages and disadvantages of businesses forming a strategic alliance?
Developing a strategic alliance has advantages from a political, economic, strategic, and organizational perspective.On the other hand, some of the drawbacks include having to share profits and possibly revealing trade secrets.Additionally, you may create a potential rival and forfeit other opportunities.
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a data analyst is evaluating data to determine whether it is good or bad. which qualities characterize good data? select all that apply.
For a data analyst to succeed, problem solving and analytical thinking are two essential abilities.
Which of these abilities is necessary for a data analyst to have?Although it is advisable for data analysts to have a foundational knowledge of statistics and mathematics, many of their responsibilities can still be carried out without it. However, knowledge in statistics, linear algebra, and calculus is often required for data analysts.
What function does data analysis serve primarily?In order to assist in issue solving, a data analyst gathers, cleans, and analyzes data sets. How to get started on the path to becoming one is given below. A data analyst gathers, purifies, and examines data sets to find a solution to a problem or offer an answer to a question.
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Two kinds of short-term effects of currency movements are transactions risk and _____ risk.
Transaction risk and transformative risk are the two forms of short-term consequences on currency movements.
What is a transaction risk?Foreign exchange rate changes' negative impact on a closed transaction before settlement is referred to as transaction risk. When a trade or contract is entered into and subsequently settled, there is a specific exchange rate or currency risk that is involved. Typically, businesses that participate in overseas trade must pay expenses in the local currency or, eventually, return profits to their home nation. It frequently takes time for them to agree on the conditions of the foreign currency transaction before they can really execute it to close the deal when they have to engage in these activities. The potential for a shift in the price of one currency in comparison to another results in this lag, which increases short-term exposure to currency risk.
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your firm has just issued five-year floating-rate notes indexed to six-month u.s. dollar libor plus 1/4 percent. what is the amount of the first coupon payment your firm will pay per $1,000 of face value, if six-month libor is currently 8.2 percent?
$37.25 is the amount of the first coupon payment your firm will pay per $1,000 of face value, if six-month libor is currently 8.2 percent.
Coupon rate = LIBOR rate + ¼%
= 7.20% + 0.25%
= 7.45%
Amount of first coupon = FV x Coupon rate/ 2
= $1000 x 7.45%/ 2
= $37.25
What is coupon rate?
A fixed-income security's nominal yield is expressed as a coupon rate.
The coupon holder will yield less than the current market conditions when the market improves, as the bond won't pay more because its value was predetermined at issuance.
When a bond is bought on the secondary market, the yield to maturity is the difference between the bond's interest payments, which may be higher or lower than the coupon rate at the time the bond was issued.
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sroufe manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. two vendors have presented proposals. the fixed costs are for proposal a and for proposal b. the variable cost is for a and for b. the revenue generated by each unit is .
In economics, business, and cost accounting, the term "break even point" indicates the event at which total cost and total income are equal. The total number of units or dollars of revenue required to cover all costs is calculated using the break even point approach.
The break-even point formula in corporate accounting is calculated by dividing the total fixed costs of production by the revenue per unit less the variable expenses per unit. In this context, fixed costs are those expenses that are constant regardless of the quantity of units sold. In other words, the break-even point is the manufacturing level where a product's total revenues and total expenses are equal.
It is given in the question that,
Fixed Cost for Proposal A = $50,000
Variable Cost = $12
Revenue per unit = $20
We know that,
Break-even-point = Fixed Cost/(Revenue per unit - Variable Cost)
= 50,000/ (20-12)
= $6,250
Therefore, the break-even-point for Proposal A is $6,250.
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Complete question:
Sroufe Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have presented proposals. The fixed costs are $50,000 for proposal A and $70,000 for proposal B. The variable cost is $12.00 for A and $10.00 for B. The revenue generated by each unit is $20.00. a) The break-even point in units for the proposal by Vendor A = units (enter your response as a whole number).
which document do property managers and the owners they represent sign to formalize the relationship?
A Commercial Rental Agreement is the document that property managers and the owners represent sign to formalize the relationship.
A Commercial Rental Agreement could be a recognized document to rent business property between a landowner and a tenant. This agreement permits each parties to formalize the Rental and their relationship if the tenant plans to execute a business on the landlord's premises, through a lawfully documented agreement.
Property managers are, 1st and foremost, answerable for overseeing the continued condition of the owner's property(s) and guaranteeing tenant satisfaction. different duties—such as seeking tenants and managing evictions—depend on the contract with the owner.
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A company issues $100,000 of 5%, 10-year bonds dated January 1 that payinterest semiannually on June 30 and December 31 each year. If bonds aresold at par value, the issuer records the first semi-annual interest paymentwith a debit to which of the following accounts and in what amount?
Bonds are sold at par value, the issuer records the first semi-annual interest payment are debit to interest expense for $3,000 and credit to cash for $3,000.
Corporate bonds ordinarily pay a coupon semi-yearly, and that intends that, assuming the financing cost on the security is 4%, each $1000 security will pay the bondholder an installment of $20 at regular intervals (a sum of $40 each year). To work out the semi-yearly bond installment, take 2% of the standard worth of $1,000, or $20, and partition it by two. The bond, hence, pays $10 semiannually. Partition $10 by $900, and you get a semi-yearly security yield of 1.1%. Security costs fall as loan fees rise since financial backers become disillusioned with the lower interest paid by more established bonds. Taking everything into account, increasing rates disintegrate semiannual security costs short of what they do yearly securities as a result of the intensifying impact.
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are units within an organization that receive services from other units within the organization
Are units within an organization that receive services from other units within the organization: Internal customers
A business enterprise's major intention or cause is to apprehend and control the enterprise properly. the fundamental purpose is to convey together all the employees and additionally apprehend the direction of the agency.
There is a diffusion of criminal forms of groups, along with businesses, governments, non-governmental corporations, political corporations, international businesses, militia, charities, not-for-income agencies, partnerships, cooperatives, educational establishments, and many others.
An organizational position is defined by using its characteristic inside a larger group. that is genuine whether or not they may be officially part of a crew or now not. The team is described by means of its characteristic inside the larger business enterprise.
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______ represents the degree to which employees are accepted and treated fairly by their organization.
Inclusion represents degree to which the employees are accepted and treated fairly by their organization.
What is inclusion?All pupils should have equitable access to education and learning opportunities, which is referred to as inclusion in education. It originated in special education with an individualized education program or 504 plan and is based on the idea that it is more effective for students with special needs to have the said mixed experience in order for them to be more successful in social interactions leading to further success in life. The inclusion model's guiding principle does not prioritize, but still allows for, the use of special classrooms and special schools for the instruction of kids with disabilities.
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Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results while operating at 75% of plant capacity:
Sales (336,000 units) $4,377,000
Cost of goods sold 2,592,000
Gross profit 1,785,000
Operating expenses 840,000
Net income $945,000
The cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed.
In September, Moonbeam receives a special order for 21,600 toasters at $8.12 each from Luna Company of Ciudad Juarez. Acceptance of the order would result in an additional $3,100 of shipping costs but no increase in fixed costs.
Prepare an incremental analysis for the special order.
Prepare an incremental analysis for the special order is 46,300. Something increasing incrementally is described as doing so over a short period of time.
Businesses utilize incremental analysis as a decision-making tool to compare the actual costs of several options. The incremental analysis method is also known as the applicable cost approach, marginal analysis, or differential analysis. Incremental analysis is a method for evaluating financial data that is also known as the relevant cost approach, marginal analysis, or differential analysis. Relevant cost, sunk cost, and opportunity cost are the three basic ideas that are pertinent to incremental analysis.
Revenues (21600 × $8.12) = $175,392
Variable cost of goods sold = $2,592,000 × 70% = $1,814,400.
Variable cost of goods sold per unit = $1,814,400÷ 336,000 = $5.4
Variable cost of goods sold for the special order = $5.4 × 21600 = $116,640.
Variable operating expenses = $840,000 × 80% = $672,000
$672,000 ÷ 336,000 = $2 per unit
21600× $2 = $43,200
$43,200 + $3,100 = $46,300
As shown in the incremental analysis, Moonbeam Company should accept the special order because incremental revenues exceed incremental expenses by $25,033.
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on its opening day, a car dealership had an inventory of 29 cars. during the first 6 months, 18 additional cars were purchased by the dealership each week, and the sales team sold an average of 15 cars per week. during the first six months, which of the following equations best models the car inventory, c, at the dealership t weeks after opening day?
Answer: c = 3t + 29.
what two policies do marketing managers typically choose between when deciding how to price their goods? (check all that apply.)
The two pricing policies considered when setting a price are one-price policy and flexible-price policy.
What role do pricing policies play?Pricing rules help businesses maintain profitability by allowing them to sell various products differently. Your company may value having a well-defined pricing policy so that it may make price adjustments rapidly and capitalise on the strengths of its products in one or more areas. Pricing has five basic goals: I achieving a target return on investment (ii) price stability (iii) gaining market share (iv) preventing competition and (v) increasing profits! Prior to selecting the price of the product, pricing targets should be clearly stated. A pricing structure can communicate the value of a product to customers. If your pricing structure is competitive, you are signaling to customers that purchasing your product is a good value.
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Incentive pay sometimes presents executives with significant ethical issues. Incentives linked to stock performance can lead to which of the following ethical issues? (Select all that apply.)
Scandal that damages the company's reputation
Executives dishonestly raising the price of stock and thereby obtaining a bonus and stock option
An incentive linked to stock performance can lead to executives dishonestly raising the price of stock and thereby obtaining a bonus and stock option, scandal that damages the company's reputation
Performance shares are allotments of company stock provided to managers and executives as a type of equity compensation, but only if specific company-wide performance requirements are reached, including earnings per share (EPS) targets.
In contrast to traditional stock-option plans, where employees receive stock options as part of their regular compensation, in the case of performance shares, the manager receives company shares or stock options as payment for achieving goals.
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What is true of the traditional project management approach concerning project scope and technology? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Traditional project management implies that good planning and execution avoids the need for corrective action, regardless of scope.unanswered
Traditional project management requires that project scope and technology are predictable.unanswered
Traditional project management relies heavily on up-front planning.unanswered
Traditional project management is just as effective when project scope and technology are not well known.
Traditional project management relies heavily on up-front planning and traditional project management requires that project scope and technology are predictable is true of the traditional project management approach concerning project scope and technology.
Task management is the method of main the paintings of a group to achieve all assignment dreams within the given constraints. This data is normally defined in venture documentation, created at the start of the development technique. The primary constraints are scope, time, and budget.
Challenge control can be described as the area of making use of particular methods and concepts to initiate, plan, execute and control the manner that new projects or adjustments are applied within an organization.
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e-eyes.com just issued some new 20/20 preferred stock. the issue will pay an annual dividend of $14 in perpetuity, beginning 19 years from now. if the market requires a return of 4.4 percent on this investment, how much does a share of preferred stock cost today? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Share of preferred stock cost today is $ 146.58 Approximately
The price is computed as shown below:
= 1 / (1 + required rate of return)18 x (Annual dividend / required rate of return)
= 1 / 1.04418 x ($ 14 / 0.044)
= $ 146.58 Approximately
Preferred shares are so called due to the fact they provide their owners a concern declare every time a organisation will pay dividends or distributes property to shareholders. They provide no choice, but, in corporate governance, and desired shareholders often have no vote in employer elections.
Preferred stock is a part of share capital that could have any mixture of capabilities not possessed by means of commonplace inventory, which include houses of both an equity and a debt instrument, and is generally considered a hybrid tool.
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in campaign manager 360, you've just set up your client, a coffee store chain, with separate child advertisers. what's the next step you should take to prepare their account?
Upload the latte product's particular creatives to their account. Choose the best locations for the introduction of their latte coffiee store . For the creatives relating to the latte product, select the desired ad sizes.
To determine whether their advertising are mobile-optimized, they should check the campaign parameters in Campaign Manager 360. They should set up the account settings in Campaign Manager 360 to take into consideration tablets, apps, and other mobile devices .When organizing their campaign in Campaign Manager 360, they should employ mobile-friendly sizes and formats. They should modify the parameters in Campaign Manager 360 and their current desktop display campaign.
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how do wage flexibility and downward wage rigidity affect the extent of unemployment in the economy when the demand for labor falls?
When the demand for labor falls, the fall in employment is limited when real wages are flexible and amplified when wages are downwardly rigid.
Call for is the quantity of a terrific that customers are inclined and capable of buy at diverse costs throughout a given time. the relationship between fee and amount demand is also referred to as the demand curve.
Demand is the purchaser's desire to purchase a specific right or provider. market demand is the demand for a specific right in the marketplace. aggregate demand for is the total call for for goods and services within the economy. call for and supply in shape determines the price of the good or carrier. understanding the idea of call for.
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a stock has an expected return of 8.0 percent, its beta is .60, and the risk-free rate is 3 percent. what must the expected return on the market be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
The expected return on the market is 6%.
Define Expected return.The phrase "expected return" refers to a straightforward probability calculation that is used to ascertain both the potential return and the likelihood that a particular investment will result in a profit. Expected return on investment calculations are done to offer an investor an idea of potential profit vs. risk. The term "expected return" refers to the value of a financial investment's anticipated return. It measures the return, which is the center of the random variable's distribution.
Risk free rate= 3%
Beta= .60
Return on market= 8%
According to CAPM (Capital Asset Pricing Model):
Expected Return = Risk free rate + Beta [Return on market - Risk free rate]
= 3 + .60 x (8 - 3)
= 6
Expected return on stock = 6%
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your manager has left, and their successor is not as skilled a leader. which characteristics of tasks at your organization would substitute for the missing leadership? check all that apply.
Characteristics that detract from the authority of the leader while enhancing group members' performance are called substitutes. Often, a team that functions well together serves as a stand-in for leadership.
The main distinction is that a manager will prioritise Characteristics, planning, and coordinating resources to handle tasks and produce outcomes. substitutes will be inspired, motivated, and influenced by a leader to attain their goals and objectives while contributing to the greater good. Leadership behaviour replacements can be used to make position requirements clear, inspire team members, or appease employees (making it unnecessary for the leader to attempt to do so).
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RSTP serves as an improved protocol in comparison to the older STP. Which of the following answers lists a feature of RSTP that does not exist in STP?
The criteria used by a nonroot switch to choose its own root port
The criteria used by switches to determine the designated port on a segment
The criteria used by switches to determine a port to act in the backup port role
The criteria used by switches to elect a root switch
RSTP serves as an improved protocol in comparison to the older STP, and the feature of RSTP that does not exist in STP is that the criteria used by switches to determine a port to act in the backup port role.
Network redundancy and layer 2 loop and broadcast storm prevention are the main uses of the spanning tree protocol (STP). It was created at a time when a recovery time from an outage of more than a minute was considered acceptable. Businesses moved away from these prolonged recovery times and aimed for quicker alternatives as technology advanced and crucial applications became more dependent on solid connections.
Rapid spanning tree protocol (RSTP), an upgrade over STP, developed from the original spanning tree protocol. In addition to shorter convergence times, it has new port states and port responsibilities. Both RSTP and STP are essential for a healthy network, however an administrator should choose RSTP over STP. For enterprises that need quicker recovery times, RSTP is the solution.
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a british pound cost $2.00 in u.s. dollars in 2008, but $1.27 in u.s. dollars in 2017. a) was the pound weaker or stronger against the dollar? b) did the dollar appreciate or depreciate versus the pound in 2017 (compared to its original value in 2008)? c) how many british pounds does 1 usd buy in 2017? show your calculations.
The pound was stronger against the dollar.
The Dollar appreciated in value versus the pound in the year 2017.
The number of British pounds it took to buy a USD $ 1 in 2017 was £ 0. 79
What is meant by the exchange rate ?The price of one currency in relation to another currency is known as the exchange rate. There are two types of exchange rates: floating and fixed. The central banks of a nation set fixed exchange rates, whereas market forces such as supply and demand determine floating exchange rates.
Because it took more than a single U.S. dollar to buy a single British Pound, it meant that the British pound was stronger than the U.S. dollar.
However, between 2008 and 2017, the British pound lost value against the U.S. Dollar which instead appreciated against the British pound. This is because it cost less dollars to buy pounds.
The number of British pounds needed to buy dollars in 2017 were :
= 1 / 1.27
= £ 0. 79
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martin corp estimates the allowance for uncollectible accounts at 3% of the ending balance of accoungts receivable
The percentage-of-receivables method is centered on the balance sheet and how the provision for bad debts relates to other accounts.
What is the mission of Lockheed Martin Corporation?Lockheed Martin is a global security and aerospace company with its headquarters in Bethesda, Maryland. It employs about 114,000 people worldwide and focuses primarily on the research, design, development, manufacture, integration, and maintenance of advanced technology systems, products, and services.
How are uncollectible accounts recorded?The journal entry to write off an account when a certain customer's balance is determined to be uncollectible is: A reduction in the amount owed (to remove the amount that will not be collected) A reduction in the reserve for speculative accounts (to reduce the Allowance balance that was previously established).
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a(n) contract is one in which the terms have been definitely and specifically stated and agreed upon.
A(n) express contract is one in which the terms have been definitely and specifically stated and agreed upon.
What is contract?⇒ A legally enforceable agreement between two or more parties known as a contract establishes, clarifies, and regulates the parties' respective rights and obligations. The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts. The damaged party may seek legal remedies like damages or rescission in the event of a contract breach. Agreements must be kept, which is the foundation of contract law, a branch of the law of obligations that deals with contracts. The application of contract law varies between civil law jurisdictions and mixed law jurisdictions, which include components of both civil and common law, just like other areas of private law.
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