Both countries had large dollar-denominated debts exacerbating factor did Mexico's Tequila Crisis have in common with the Argentine crisis of 2002.
What are 3 effects of the Mexican Revolution?The 1917 Constitution, which was inspired by the Mexican Revolution, established the separation of church and state, government ownership of the subsurface, communal organizations' ownership of land, the right of workers to organize and strike, among many other goals.
Currency value declines. Government yields decline, discouraging foreign investment and lowering demand for that nation's currency.
Its main repercussions included widespread populace engagement in opposing factions, opposition from peasants, workers, Indians, and mestizos, a horrific civil war that lasted ten years, and some reform and stability with the Constitution of 1917 at the very end.
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Complete Question:
In 1994, the Mexican peso declined against the US dollar by 37% during the so-called Tequila Crisis. What exacerbating factor did Mexico's Tequila Crisis have in common with the Argentine crisis of 2002?
You are thinking of buying a bond from Bluestone Corporation. You know that this bond is long term and you know that Bluestone's business ventures are risky and uncertain. You then consider another bond with a shorter term to maturity issued by a company with good prospects and an established reputation. Which of the following is correct? a. The longer term would tend to make the interest rate on the bond issued by Bluestone higher, while the higher risk would tend to make the interest rate lower. b. The longer term would tend to make the interest rate on the bond issued by Bluestone lower, while the higher risk would tend to make the interest rate higher. c. Both the longer term and the higher risk would tend to make the interest rate lower on the bond issued by Bluestone. d. Both the longer term and the higher risk would tend to make the interest rate higher on the bond issued by Bluestone.2. During periods of deflation, the nominal interest rate will be a. higher than the real interest rate. b. lower than the real interest rate. c. the same as the real interest rate. d. possibly higher, lower, or the same as the real interest rate. The answer depends on how much deflation there is in the economy3. The CPI is calculated a. weekly. b. monthly. c. quarterly. d. Yearly.
1. Both the longer term and the higher risk would tend to make the interest rate higher on the bond issued by Bluestone. 2. During periods of deflation, the nominal interest rate will be b. lower than the real interest rate. 3. The CPI is calculated d. Yearly.
The interest charge that does not take inflation into account is referred to as the nominal interest charge. When there is deflation, the nominal interest rate falls while the real interest rate rises. The nominal interest rate must be subtracted from the price increase rate to get the actual interest rate.
The Consumer Price Index (CPI), which calculates the percentage change in the cost of a selection of products and services that families typically use, is the most well-known measure of inflation.
Divide the cost of the market basket in year t by the cost of the identical market basket in the base year to determine the CPI in any given year.
The CPI in 1984 was equal to $75 divided by $75 multiplied by 100. The CPI is merely an index value, and in this case, 1984 serves as the base year for its indexing to 100. Thus, during those 20 years, prices have increased by 28%.
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by using economies of scale, successful start-up firms are able to shift their short-run cost curves in which directions?
Answer: Downward & to the right
Explanation:
The offered statement states that the directions are downward and to the right.
What do you think "economic" means?Economics seems to be the study underlying scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are highly important to society.
What is an economic example?As maize output grows, farmers cut the price of a crop in order to sell their yield. When there is an imbalance between supply and demand, since there must be enough grain to feed the entire country, production must be wasted, which costs farmers income.
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portions of the financial statements for myriad products are provided below. myriad products company income statement for the year ended december 31, 2021 ($ in millions) sales $ 900 cost of goods sold 315 gross margin 585 salaries expense $ 150 depreciation expense 98 amortization expense 5 interest expense 38 loss on sale of land 4 295 income before taxes 290 income tax expense 145 net income $ 145
The preparation of the cash flows from operating activities by using Indirect Method is given below:
To calculate net cash flow from operating activities, what is included in the indirect method?The net income from a company's income statement is first taken in order to determine cash flow from operating activities using the indirect approach. Revenue is only recorded when it is earned, not when it is received, as a result of the accrual basis used to create a company's income statement.
According to the indirect method, the statement of cash flows starts with net income or loss and then adds or subtractions are made for non-cash revenue and expense items to produce cash flow from operating activities.
Given:
The cash flow from operating activities - Indirect method
Net income $145
Adjustment made:
Add : Depreciation expense $98
Add: Loss on sale of land $4
Add: Amortization expense $5
Less: Increase in cash balance -$8 ($138 - $130)
Add: Decrease in accounts receivable $16 ($261 - $277)
Add: Decrease in inventory $15 ($465 - $480)
Add: Increase in accounts payable $9 ($203 - $194)
Less: Decrease in salaries payable -$9 ($107 - $116)
Add: Increase in interest payable $7 ($57 - $50)
Add: Increase in income tax payable $8 ($48 - $40)
Total of Adjustments $145
Net Cash flow from Operating activities $290
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The complete question is:
The portions of the financial statements for myriad products are provided below. myriad products company income statement for the year ended December 31, 2021 ($ in millions) sales $ 900 cost of goods sold 315 gross margin 585 salaries expense $ 150 depreciation expense 98 amortization expense 5 interest expense 38 loss on sale of land 4 295 income before taxes 290 income tax expense 145 net income $ 145
MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) Year 2018 2017 Change Cash $ 138 $ 130 $ 8 Accounts receivable 261 277 (16 ) Inventory 465 480 (15 ) Accounts payable 203 194 9 Salaries payable 107 116 (9 ) Interest payable 57 50 7 Income taxes payable 48 40 8 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the indirect method.
a valid contract has four elements: mutuality, consideration, legal object, and a) an earnest money deposit. b) an official seal. c) in writing and signed. d) competent parties.
a valid contract has four elements: mutuality, consideration, legal object, and competent parties
Which of the following is required for a binding legal agreement?
Mutual consent, demonstrated by a valid offer and acceptance, sufficient consideration, capability, and legality are the fundamental components needed for the agreement to be a legally enforceable contract.
In a contract, what exactly is competency?
In general, a person in the US has the capacity or competence to decide whether to engage into a contract if they are able to comprehend and value, to the extent applicable, all of the following: (a) The rights, obligations, and liabilities that the ruling affects or creates.
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according to the theory of purchasing power parity, if the price level in the united states rises by 5% while the price level in mexico rises by 6%, then the dollar will a. appreciate 5% relative to the peso. b. depreciate 5% relative to the peso. c. appreciate 1% relative to the peso. d. depreciate 1% relative to the peso. part 2 reasons why the theory of purchasing power parity might not fully explain exchange rate movements include a. changes in the domestic price level that exceed changes in the foreign price level. b. changes in foreign price levels that exceed changes in the domestic price level. c. changes in the prices of goods and services not traded internationally. d. differing monetary policies in different countries.
According to the theory of purchasing power parity, if the price level in the united states rises by 5% while the price level in Mexico rises by 6%, then the dollar will.
1..... D. appreciate 1% relative to peso.
The theory of PPP explains that exchange rate is automatically changed according to change in the price level of relative countries . As price level increases more in Mexico by 1% so peso will depreciate by 1% or dollar will appreciate by 1% .
2...... B. Changes in the prices of goods and services not traded internationally.
According to the theory of PPP , the exchange rate of two currencies depends upon prevailing price levels in both the countries. However all goods are not traded , how these not traded goods prices affects exchange rate?. This theory doesn't fully explain this scenario.
Purchasing is the process a business or enterprise makes use of to accumulate goods or services to perform its goals. although there are several companies that try to set standards inside the shopping manner, procedures can range greatly between corporations.
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1.3% complete question in the area of workplace surveillance, what is monitoring data communications and employee's behavior called?
The area of workplace surveillance is monitoring data communications and employee behavior called: Security assurance.
In computing, facts are statistics that have been translated into a shape this is green for movement or processing. Relative to trendy computer systems and transmission media, information is data transformed into binary digital shapes. it's far applicable for information for use as a singular subject or a plural problem.
Data can come in the shape of text, observations, figures, pictures, numbers, graphs, or symbols. as an example, statistics would possibly include character costs, weights, addresses, ages, names, temperatures, dates, or distances. information is an uncooked shape of knowledge and, on its own, doesn't convey any importance or motive.
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the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. then, in that range,
As the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines, then, in that range, b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1.
An elastic price demand means that when there is an effect on the price of a product, its selling rate is to be heavenly influenced by it.
In the above scenario, as the government had increased the per unit tax, the prices of that particular good increase in the market. As a result, people reduced the number of buying that product. This means that the production rate of that product also lowered. Hence, the total revenue even after imposing more tax on the product got declined.
Although a part of your question is missing, you might be referring to this question:
The government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. Then, in that range,
a. the demand is inelastic and the coefficient of price elasticity of demand is less than 1
b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1
c. the demand is inelastic and the coefficient of price elasticity of demand is greater than 1
d. the demand is elastic and the coefficient of price elasticity of demand is less than 1
e. the demand is elastic and the coefficient of price elasticity of demand is equal to 1
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the special journals are exclusive in the data they contain, for instance, the cash receipts journal only contains cash receipts. within the journal the different sources of data may also be classified
The data in the special journals is unique; for example, the cash receipts diary only contains cash. The various data sources inside the journal may also be categorized. The assertion is accurate.
By data, what do you mean?Data is data that is transformed into a format that is useful for transfer or processing in computing. Data is information that has been transformed in binary digital form for use with modern computers and communication mediums. The topic of data may be used in either the singular or the plural.
What function does data serve?Organizations can set baselines, benchmarks, and targets using good data in order to keep moving forward. Data makes it possible to measure, so you can create baselines and identify benchmarks.
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first cost $8000 $6000 $6000 $9500 uniform annual benefit 1750 1300 1425 1900 computed rate of return 17.5% 17.3% 19.9% 15.1% (a) construct a choice table for interest rates from 0% to 100%. (b) using 12% for the marr, which alternative should be selected?
For the solution for the uniform annual benefit the following steps are to be followed:
The next four options are mutually alternatively and have no value after ten years.
A B C D
Initial Outlay $8000 $6000 $6000 $9500
Annual Benefit for 10 years 1750 1300 1425 1900
Computed rate of return 17.5% 17.3% 19.9% 15.1%
(a) Rate of Interest A B C D
5% 5513 4038.25 5003.47 5171.29
15% 782.84 524.39 1151.74 35.66
25% -1751.62 -1358.34 -912.03 -2716.04
45% -4205.77 -3181.43 -2910.41 -5380.55
60% -5109.86 -3853.04 -3646.60 -6362.13
80% -5818.6 -4379.55 -4223.74 -7131.65
100% -6251.71 -4701.27 -4576.39 -7601.85
(b) NPV at different rates of return:
Discount the uniform annual benefit at 5%
A = 8000 - 1750/(1+0.05)[tex]^{10}[/tex] + 1750/(1 + 0.05)[tex]^{9}[/tex] + ... + 1750/(1 + 0.05)[tex]^{1}[/tex]
A(NPV) = 5513
At 12% for MARR:
A B C D
Outlay at 8000 6000 6000 9500
Annual CF 1750 1300 1425 1900
NPV at 12% 1887.89 1354.29 2051.57 1235.42
With an NPV of 2051.57, Project C should be chosen.
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first cost $8000 $6000 $6000 $9500 uniform annual benefit 1750 1300 1425 1900 computed rate of return 17.5% 17.3% 19.9% 15.1% (a) construct a choice table for interest rates from 0% to 100%. (b) using 12% for the marr, which alternative should be selected?
oo much conflict in the workplace usually leads to apathy. group startstrue or falsetrue, unselectedfalse, unselected
True, too much conflict in the workplace usually leads to apathy.
Apathy occurs when you lack the motivation to do anything or simply do not care what is going on around you. Apathy can be a sign of depression, Parkinson's disease, or Alzheimer's disease. Apathy occurs when we do not feel anything in situations that should elicit an emotional response.
Apathetic feelings can sometimes be caused by things we can recognize and change, such as being bored at work or losing interest in someone we once liked. However, apathy can be a symptom of a larger problem, such as trauma, grief, or an underlying mental health condition.
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Which of the following is not one of the benefits that creditors and investors can derive from the statement of cash flows?
A. Assess the company's ability to generate future cash flows.
B. Asses the company's ability to pay future cash dividends.
C. Explain the difference between net income and net cash flow from operating activities.
D. Assess the effectiveness of management's borrowing policy.
Assess the company's ability to generate future cash flows is not one of the benefits that creditors and investors can derive from the statement of cash flows. The term cash flow refers to the net amount of cash and cash equivalents transferred into and out of a business.
Cash flow from operations consists of expenditures incurred during the normal course of business. Payroll, cost of goods sold, rent, and utilities are all examples of cash investors. When business operations are highly seasonal, cash outflows can vary greatly. A cash flow statement details a company's cash inflows and outflows over time. The income statement is the most common financial statement and shows a company's revenues and total expenses over time, including noncash accounting such as depreciation.
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what tools can a project manager use to account for issues that may cause a project delay? select all that apply.
Task buffers, Sub-tasks, Gantt charts, and Project buffer are tools that project managers use to track issues.
What are the various reasons for project delays?Delays, however, can occur for a number of reasons, including bad weather, equipment failures, labor shortages, missing or incorrect data, project errors, and conflicts.
Which of the following four project delays are they?Delays can be categorized in four different ways: as critical or noncritical, excused or not, compensable or not, concurrent or not, and excusable or not. The analyst must determine whether the delay is critical or noncritical before assessing how it will affect the Project.
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Creating compelling visuals for presentations requires people to learn what new tools?
Visme, Haiku deck, pitcherific, Microsoft events, Canva, Powtoon, Videoscribe, etc. are the new tools one can learn for Creating compelling visuals for presentations.
You may build extremely visual presentations with Visme, a cloud-based presentation tool, to engage viewers and convey your thoughts. Business owners may design simple, attractive presentations with high-quality visuals using Haiku Deck. For a variety of publications linked to business, such as resumes, newsletters, business cards, media kits, brochures, and infographics, Canva is an online platform that offers templates. Small businesses can adapt their presentations using VideoScribe, a platform for whiteboard video presentations. Powtoon is an animated presentation and video creation tool that you can use to make quick presentations and videos about your company or product.
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Match the five characteristics of digital marketing with their appropriate definitions.
I. Addressability
II. Interactivity
III. Accessibility
IV. Connectivity
V. Control
The five characteristics of digital marketing with their appropriate definitions are
AddressabilityThe marketer's capacity to recognize customers before they buy
InteractivityCustomers' ability to communicate directly with the business about their needs and wants in response to its marketing communications
AccessibilityThe capacity of market researchers to acquire digital information
ConnectivityThe capacity for customers to connect with both merchants and with one another, as well as with other customers.
ControlThe capability of the consumer to control the information that they view, as well as the frequency and duration of their exposure to that information
What is digital marketing?Generally, The Internet and other online-based digital technologies, such as desktop computers, mobile phones, and other digital media and platforms, are all examples of digital technologies that are used in digital marketing, which is the subset of marketing that makes use of these technologies to promote products and services.
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Suzy Co. produces and sells three products (X, Y, and Z). The following data relate to the three products: X Y Z Demand in units 160 150 140 Selling price per unit $130 $160 $150 Raw materials costs per unit $65 $80 $90 Labor time in minutes per unit 10 20 15 Which is the most profitable product if there is a constraint on labor time, so that total demand for all products cannot be met?
Product X is the most profitable product if there is a constraint on labour time, so that total demand for all products cannot be met.
What would you consider demand to be?Demand is the term used to describe a consumer's desire and willingness to purchase a good or service at a specific time or over an extended period of time. Additionally, consumers must be able to afford the things they want or need based on their budgeted disposable income.
What results in a drop in demand?If the cost of one of a product's complements increases, demand for the primary product declines. When income rises, so does demand for typical goods. If income rises, there is less of a demand for a subpar product. Demand today is influenced by projected earnings and costs in the future.
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3. for a perfectly competitive firm, if economic profits exist, how will this impact the number of firms in the industry? if economic losses exist? what will long-run economic profits be for the perfectly competitive firm?
The existence of economic profit attracts market entry, economic loss attracts market exit, and in the long run firms in perfectly competitive firms do not achieve economic profit. The long-term supply curve of industries whose input prices do not change when they expand (industries with constant costs) is a horizontal line.
This happens in a perfectly competitive industry when the economic profit is greater than zero: New firms outside are enticed to enter the industry because the cost of entering a perfectly competitive industry is almost zero. business, when they're not making a profit Profit, is total sales minus total costs.
Total cost includes all the company's opportunity costs. In a zero-profit equilibrium, the company's profits compensate the owners for the time and money they put in to keep the business going.
As long as a firm is making a positive economic profit, new competitors will continue to enter the market, reducing demand to the original firm's marginal return curve. The long-run equilibrium is shown on the diagram at point Y where the firm's perceived demand curve touches the average cost curve.
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which of the following is an advantage of a sole proprietorship? select one. question 4 options: a. ease of selling business assets b. limited liability c. business income not subject to self-employment tax d. all of the above
The advantage of a sole proprietorship is ease of selling business assets.
Due to a lack of governmental regulation, a sole proprietorship is the most simplest type of business to start or dissolve. As a result, consultants, sole proprietors, and other freelancers frequently operate these kinds of businesses.
Compared to other business models, selling company assets is simpler for sole proprietorships. In a sole proprietorship, the owner's liability is unlimited, and all business revenue is liable to self-employment tax.
Small enterprises with little risk and little profit are best suited for sole proprietorships. These firms typically serve a small, loyal set of clients rather than a broad range of clients.
The correct option is option a. ease of selling business assets.
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when exxon's ship, the valdez, was found responsible for an immense oil spill in the waters off alaska, exxon began to deliver televised presentations aimed at preserving their public image. these presentations were examples of
When Exxon's ship, the Valdez, was found responsible for an immense oil spill in the waters off Alaska, Exxon began to deliver televised presentations aimed at preserving their public image. These presentations were examples of goodwill speeches.
Any chemical compound that is nonpolar, predominantly hydrocarbon-based, hydrophobic, and lipophilic is considered to be an oil. Typically combustible and surface active, oils. Most oils are lipids that are liquid at room temperature and are unsaturated.
Classes of chemical substances that may be otherwise unrelated in structure, characteristics, and usage are included in the generic concept of oil. Oils can have a volatile or non-volatile composition and come from either plant, animal, or petrochemical sources. They are used to make a variety of paints, plastics, and other products, as well as for food, fuel, medicinal treatments, lubrication, and other uses. Some religious rites and rituals employ specially formulated oils as cleansing elements.
Hence the correct option is C.
The above question is incomplete, the complete question is-
When Exxon's ship, the Valdez, was found responsible for an immense oil spill in the waters off Alaska, Exxon began to deliver televised presentations aimed at preserving their public image. These presentations were examples of _________.
a. sales presentations
b. motivational speeches
c. goodwill speeches
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on may 22, jarrett company borrows $7,800, signing a 90-day, 6%, $7,800 note. what is the journal entry made by jarrett company to record the transaction?
Company borrows $7,800, signing a 90-day, 6%, $7,800 note and the journal entry made by company to record the transaction is Debit Notes Payable $7,500; debit Interest Expense $150; credit Cash $7,650.
A debit note, additionally called a debit memoranda, is usually employed in business-to-business transactions. Such transactions typically involve associate extension of credit, which means a marketer sends a cargo of products to a corporation before the buyer's price is paid. The note tells the customer that the vendor has debited their account.
A Credit Cash (CC) is a short supply of funding for a corporation. In alternative words, a money credit may be a short loan extended to a corporation by a bank. It permits a corporation to withdraw cash from a checking account while not keeping a credit balance. The account is restricted to solely borrowing up to the borrowing limit.
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dyson is known for product innovation and the creation of products that go beyond consumer expectations, such as the airblade hand dryer, airmultiplier bladeless fan, and the supersonic hair dryer. in order to develop and deliver products to consumers that are high in value and successful, the firm implements a variety of activities in order to stay abreast of consumer trends and preferences, and to determine the potential for success of new products.
1) competitive intelligence 2) econometric analysis 3) crowdsourcing 4) online survey 5) marketing research
In order to develop and deliver products to consumers that are high in value and successful, the firm implements a variety of marketing research activities in order to stay abreast of consumer trends and preferences and to determine the potential for success of new products.
Market research (or marketing research) is any arrangement of procedures used to accumulate information and better comprehend an organization's objective market. Organizations utilize this information to configuration better items, further develop client experience, and art a marketing system that draws in quality leads and further develops change rates.
7 Moves toward a Marketing Research Interaction That Works:
Characterize the Inquiry. Before you can research anything, you need to understand what you need to be aware. Set the Goal.Gather Information to Inform Your Research Interaction.Explain Your Example.Do Your Fieldwork.Information Investigation.Report Your Outcomes.to know more about information investigation click here:
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you collect antiques and regularly travel the country looking for good deals. in your wanderings, you find an old fiddle and offer the owner $5. the owner accepts, and you take your treasure home. after you get the fiddle home and do your research on it, you discover the fiddle is actually worth $5,000. what a find! what do you think would happen if the owner tried to cancel the contract and get the fiddle back? mistake of value is not a valid defense to a contract, so the owner could not get his fiddle back. mutual mistake is a valid defense to a contract, so the owner could get his fiddle back. mutual mistake is not a valid defense to a contract, so the owner could not get his fiddle back. mistake of value is a valid defense to a contract, so the owner could get his fiddle back.
The thing that will manifest if the proprietor tried to cancel the contract is that A. the mistake of value of not a legitimate protection to a contract so the owner could no longer get his fiddle back.
Option 1 is the right answer because, in order for a contract to be legitimate, all 5 elements need to be present, one of which is a legitimate provide and acceptance through the different party; even at a lower value, it is nonetheless legitimate if no misrepresentation is made through either party.
What is a contract?A legit contract is a legally binding and enforceable agreement. In a respectable contract, both parties are legally certain to carry out the phrases of the agreement.
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https://brainly.com/question/2516442#SPJ4sonnagh sold a personal residence on june 30, under an agreement in which the real estate taxes were not prorated between the buyer and the seller. what amount qualifies as a deduction from agi for sonnagh?
TDS must be subtracted from the entire sum paid or credited to the vendor. For instance, if the price of the property is 70 lakhs, the deduction will be made on the full amount, or on 70 lakhs.
When the amount exceeds Rs 50 lakh, TDS must be withheld by the buyer on the total sum that is paid to or credited to the seller. TDS must be taken property out on the total purchase price, or Rs 70 lakh in this case, not only the Rs 20 lakh that exceeds deduction the Rs 50 lakh barrier. According to Section 271H, the fine for failing to pay TDS on movable property may reach Rs. 1 lakh.
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Cullumber Company reports the following information (in millions) during a recent year: net sales, $11,898.0; net earnings, $396.6; total assets, ending. $5,825.0, and total assets, beginning. $4,090.0.
(a) Calculate the
(1) return on assets. (2) asset turnover, and (3) profit margin.
Return on assets = Net earnings / Average total assets
Average total assets = ($4,090 + $5,825) / 2 = $4,957.50
1. Return on assets = $396.60 / $4,957.50 = 8.0%
2. Asset turnover = Net sales / Average total assets = $11,898 / $4,957.50 = 2.4 times
3. Profit marging = Net earnings / net sales = $396.60 / $11,898 = 3.3%.
Profit margin measures how profitable a company or business is, basically by dividing revenue by revenue. The profit margin, expressed as a percentage tells you how many cents you've earned for every dollar you sell.
Profit margin is a measure of profitability. Calculated as a percentage of profit to sales. There are three types of profit margins gross profit margin operating profit margin and net profit margin. Gross profit margin is calculated as gross profit divided by net sales.
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Cullumber business enterprise reports the following information (in millions) in the course of a recent 12 months.
go back on property = net earnings / common general belongings
common overall property = ($four,090 + $five,825) / 2 = $four,957.50
go back on property = $396.60 / $four,957.50 = 8.0%
Asset turnover = internet sales / average overall belongings = $11,898 / $4,957.50 = 2.4 instances
income marging = net profits / net sales = $396.60 / $eleven,898 = three.three%
The go-back on assets suggests the proportion of the way profitable an enterprise's belongings are in generating revenue.
Go back on assets (ROA) is a measure of the way efficiently a corporation uses the belongings it owns to generate earnings. Managers, analysts, and traders use ROA to assess an agency's financial health.
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When the allowance method of recognizing bad debt expense is used, the entries at the time of collection of an account previously written off would?a.) Increase net incomeb.) Decrease total current liabilitiesc.) Have no effect on total current assetsd.) Increase working capital
When the allowance method of recognizing bad debt expense is used, it will have no effect on total current assets
The allowance method creates a reserve account known as the allowance for doubtful accounts and estimates the bad debt charge at the end of the fiscal year. The provision for doubtful accounts, as suggested by its name, provides a forecast of receivables that are "doubtful" to be paid.
The allowance approach uses adjusting entries to write off specific customer accounts that have been determined to be uncollectable and estimates the "bad debt" charge near the conclusion of a quarter. Because it lowers the value of an asset in this case, the accounts receivable allowance for dubious accounts is referred to as a contra asset. The allowance, also known as a bad debt reserve, is management's projection of the number of accounts receivable that customers will not pay.
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a company's interest expense is $9,000. its income before interest expense and income taxes is $38,250. its net income is $11,850. the company's times interest earned ratio equals:
The earnings before interest and taxes (EBIT) divided by the total interest due on loans is a financial indicator known as the times' interest earned ratio for the firm.
Times interest earned = net income before interest and tax/ Interest payable
=$38,250/$9,000
= 4.25
This indicates that the business's earnings before interest and taxes are sufficient to pay its interest 4.25 times over.
A company with a times interest earned ratio higher than 2.5 is seen as an acceptable risk from the standpoint of an investor or creditor. Companies are thought to be far more likely to go bankrupt or default if their times' interest earned ratio is less than 2.5.
The given question is incomplete, the complete question is:
A company's interest expense is $9,000. Its income before interest expense and income taxes is $38,250. Its net income is $11,850. The company's times interest earned ratio equals:
(A) 0.235.
(B) 0.76.
(C) 3.23.
(D) 4.25.
(E) 0.31.
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a non-profit organization has obtained a temporary daily on-sale license for a fundraiser. who within the organization has to be rbs certified? a. the alcohol pourers b. the alcohol servers c. a designated person d. the owner
The alcohol pourers must be RBS certified because he has a temporary day on-sale license for a benefit.
What does RBS Training Program entail?Assembly Bill 1221 (2017), which aims to decrease the harm that alcohol does to local communities, created the Responsible Beverage Service Training Program Act. In order to ensure that on-premises servers of alcoholic beverages and their managers are aware of the dangers of serving alcohol to minors and overserving customers, the bill required the Department of Alcoholic Beverage Control to establish the Responsible Beverage Service Training Program (RBSTP).
Any on-premises alcohol server or management must register in the RBS Portal and finish training with a certified RBS Training Provider to meet the new training requirements.
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which statement best describes the sec rules relating to bookkeeping services? a. bookkeeping services are permitted if the individuals performing these services do not also perform the audit
The statement best describes the SEC rules relating to bookkeeping services is an accountant generally cannot provide bookkeeping services to an SEC audit client.
The practice of regularly documenting your company's financial activities into arranged accounts is known as bookkeeping. It may also be used to describe the many recording methods that companies may employ.
A bookkeeper will make sure that all of a company's accounts are correct and current. Additionally, they will periodically report on those accounts so the owners and management are aware of their financial situation. Additionally, tidy accounts make it simple for accountants to intervene and handle their duties at the conclusion of the financial year.
To track income and spending as effectively as possible, a corporation must employ three different forms of accounting. Cost, management, and financial accounting are some of them.
The given question is incomplete, the complete question is:
Which statement best describes the SEC rules relating to bookkeeping services?
a. Bookkeeping services are permitted, as long as the individuals performing these services are not the same individuals performing the audit.
b. Bookkeeping services are permitted if the fees from these services are insignificant relative to the audit fees.
c. Bookkeeping services are permitted if the client agrees in writing to accept responsibility for the adequacy of these services.
d. An accountant generally cannot provide bookkeeping services to an SEC audit client.
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when a division is operating at full capaacity, and another division request to buy some of its product, the minimum transfer price that the selling division will accept is computed by
the minimum transfer price that the selling division will accept is computed by adding variable costs and lost contribution margin per unit. Correct! This is the correct computation for the minimum transfer price.
A business that moves products among its various divisions must establish a transfer price so that each division can monitor its own effectiveness. To calculate the minimum transfer price, businesses will employ a variety of techniques, taking into account various production-related costs as well as the price at which the products would typically be sold in the retail sector.
The given question is incomplete, the complete question is :
When a division is operating at full capacity, and another division request to buy some of its product, the minimum transfer price that the selling division will accept is computed by
Select one:
a. adding variable costs and lost contribution margin per unit.
b. subtracting lost contribution margin per unit from variable costs.
c. adding opportunity cost and lost contribution margin per unit.
d. adding fixed costs to lost contributions margin per unit.
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autumn wants to start a business. she has two goals. first, she doesn't have much money but she's ready to get business up and running with the least possible hassle and expense. second, she wants to minimize her personal risk in the event that her company experiences difficulties. if autumn chooses a sole proprietorship, she would
Autumn chooses a sole proprietorship then would be the sole owner of the company and she will get the whole share of the profit.
What is sole proprietorship?
A sole proprietorship or sole trader is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business.
Most small businesses start as sole proprietorships and end up transitioning to a limited liability entity or corporation as the company grows.
One of then main disadvantage of this business is that they do not have any government protection, as they are not registered.
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korbyn enters into a contract with peyton to sell peyton a 1956 roadster. the contract has a condition precedent that the roadster will pass inspection by an independent appraiser, verifying that the roadster contains all original parts and is in good working order. this contract provision means that: if the appraisal is not satisfactory to both parties, the contract price will be adjusted accordingly. peyton must have the appraisal completed within thirty days of performing the contract and provide the results to korbyn. peyton is not required to perform under the contract until the appraisal is complete. peyton must pay for the roadster at the time of contracting, and korbyn will then order the appraisal.
A contract is understood to be a legally binding pact between two or more parties. Law frequently supports it. Due to this clause in the contract, Peyton is not required to start working until the appraisal is finished.
What is a contract?A contract is a legally binding agreement that unites, specifies, and governs the rights and obligations of two or more parties. The majority of the time, contracts involve the transfer of goods, services, or money, or the promise to transfer any of those at a later date. A party who has been affected by a contract breach may file a lawsuit to obtain restitution or other court-ordered remedies. Contract law, the area of law that deals with contractual obligations, is built on the principle that agreements must be upheld. Contract law varies based on the jurisdiction, just like other facets of private law. Common law jurisdictions, civil law countries, and mixed law jurisdictions—which have elements of both common and civil law—can be used to categorize the various jurisdictional frameworks for contract law.
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