Answer:
Tax accountants ensure that companies and individuals comply with tax laws by filing their federal and state income tax returns. Some tax accountants also offer tax planning advice to help businesses and individuals save money in taxes.
In 2022 the Concord Corporation had net credit sales of $830000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit balance of $21200. During 2022, $32300 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 was $223000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022
Answer:
$33,400
Explanation:
Calculation to determine the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022
Required ending balance of allowance for doubtful accounts 22,300
(223000 * 10%)
Less Beginning credit balance of allowance for doubtful accounts (21,200)
Add Uncollectible accounts receivables written off 32,300
Adjustment to allowance for doubtful accounts $33,400
(22,300+21,200+32,300)
Therefore the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022 will be $33,400
What is the main difference between a market and a command economy?
Answer:
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.
Full-service brokerage firms
a. have lower commissions.
b. offer portfolio management.
C.provide no investment advice.
d. teach you how to do market research.
Please select the best answer from the choices provided
A B C D
Answer:
b. offer portfolio management.
Explanation:
When the brokerage firms provide full service so they would offer the portfolio management that means it manages the portfolio so that the risk could be minimized and returns could be high via investing the securities in different places rather investing at one place
Therefore option B is correct
Communication skills include:
A. science.
B. health.
C. math.
D. reading.
Answer:
reading
Explanation:
Which pricing policy would be best suited for a company that specializes in one unique product? Explain.
Answer:
A high-end pricing policy or premium pricing should be the best pricing strategy for a company that specializes in one unique product. The High-end pricing policy sets a high price for products. The objective is to create a perception that the product is of high quality.
Explanation:
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Match each law with its correct description.
Answer:
Not too sure but I think it goes 1.Fair credit billing act 2.Credit CARD act 3.Uniform commercial code 4.Truth in lending act.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.
Through the meaningful disclosure of loan conditions, which enables customers to evaluate standardized credit terms more easily and intelligently, the Truth in Lending Act (TILA) aims to safeguard consumer protection and promote competition among financial institutions.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.Fair Credit Billing Act: allows consumers to exercise their rights regarding disputes and billing errors.Uniform Commercial Code: a set of laws that govern US commercial transactions.Credit CARD Act: prohibits unfair and abusive credit practices and ensures the transparency of fees.As a result, the significance of the law terms and definition are the aforementioned.
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characteristics of the local economy
Answer:
private ownership, freedom of choice,self-interest,optimized buying and selling platforms,competition and limited government intervention.
Explanation:
competition drives the market economy as it optimizes efficiency and innovation
Difference between business and trade
Answer:
business is the entire enterprise of making, selling, and controlling the production of goods, while trade, a narrower activity, involves only the buying and selling of goods. Trade is a part of business, but business is not the same as trade. ... Trade usually refers to imports and exports.
Table 1 contains information about a small business for one month. The business
sold 270 units this month. Using the information in Table 1, calculate the profit for
this business. You are advised to show your workings
Fixed costs
£2 100
Variable costs (per unit)
£110
Sales price (per unit)
£200
Answer:
workings. Number of units sold: 240. Fixed costs: £1 100. Variable costs per unit: 45 pence. (2) ... You are advised to show your workings. (2). (Total for question = 2 marks). Q6 ... Table 1 contains information about a small business for one month. ... Using the information in Table 1, calculate the profit for this business. You ...
Explanation:
Answer:
Profit during month = £22,200
Explanation:
Given:
Number of unit sold = 270
Fixed costs = £2,100
Variable costs (per unit) = £110
Sales price (per unit) = £200
Find:
Profit during month
Computation:
Total sales value = Number of unit sold x Sales price (per unit)
Total sales value = 270 x £200
Total sales value = £54,000
Total Variable costs value = Number of unit sold x Variable costs (per unit)
Total Variable costs value = 270 x £110
Total Variable costs value = £29,700
Profit during month = Total sales value - Total fixed cost - Total Variable costs value
Profit during month = £54,000 - £2,100 - £29,700
Profit during month = £22,200
please help!! Question: Drake begins wearing knee high socks in his videos and concerts? What
happens to the demand for knee high socks?
please helppp!!
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
Answer:
Option A
Explanation:
The complete question is
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
a) 2 hours
b) 1 hour
c) 1 hour and 40 minutes
d) 90 minutes
Solution
There are four lanes.
Capacity of one lane is equal to 1,000 vehicles/lane/hour.
Let us say that each lane will provide access to equal number of vehicles
Thus, each lane will allow 10,000/4 = 2500 vehicles per hour
Time taken by 2500 vehicles on road to reach parking is equal to 2.5 hours.
The nearest answer to this option A i.e two hours
(04.03 MC)
Eleanor is a very successful 18-year-old professional gymnast who competes
internationally. What insurance may be best for her right now?
O Life insurance and travel insurance
O Unemployment insurance and Medicare
O Personal injury insurance and health insurance
O Worker's comp insurance and Medicaid
You receive a text alert that you must fertilize 14 more acres in the next hour before it begins to
rain. What should you do?
A. Maintain current speed because you will be able to cover the additional acres in one hour.
B. Increase the engine speed to approximately 2,700 rpm to cover the additional acres in one
hour.
C. Increase speed to approximately 7.1 mph to cover the additional acres in one hour.
D. Increase to second gear to cover the additional acres in one hour.
Answer:
C
Explanation:
Increase speed to approximately 7.1mph to cover the additional acres in one hour
Economics-- please help!
Your country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?
neutral stance
expansionary stance
economic stance
contractionary stance
What might be the short run impact of a completely open immigration policy that allowed labor to move freely across the U.S. border
Answer:
it will be harder to stop drugs and illegal weapons from coming into the US due to the fact that there would be no checks and if there was it would be easier to scope out the people with and without identification
Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?
A. $689,364.25
B. $254,369.25
C. $674,689.33
D. $356,543.89
E. $701,055.34
F. $722,066.88
(a) A family consist of a baby, a child attending nursery school and working parents, decide to prepare a budget for 3 months has a limited income and decides to purchase a food processor instead of a television set.
Suggest TWO possible reason for this decision.
Answer:
bhosdi ke kute gal chode
A government policy that sets the highest price that can be charged for a good or service is a __________.
A) price peak
B) price ceiling
C) price roof
D) price maximum
Answer:
B. price ceiling.
A government policy that sets the highest price that can be charged for a good or service is a price ceiling.
State the importance of agricultural experts
Agriculture is the main source of national income for most developing countries. However, for the developed countries, agriculture contributes a smaller per cent age to their national income. Agricultural sector provides fodder for domestic animals. Cow provides people with milk which is a form of protective food.
Anh is single, owns a car, and works full time. She is buying a home and has student loans and other debts to pay. What should she do to protect herself from the risks she might face in the future?
Answer:
She should do her financial planning properly.
Explanation:
In the context, it is given that Anh who is a full time employee in a firm owns a car and she is single. She has some debts to pay and also has a student loans. She is currently buying a home. In this way she might face financial problems in her future. She will in huge debts where she will not be able to pay off the loans and the debts.
So Anh must consult a financial expert who will help her or guide her to plan her finances properly. She must pay off the debts and the loans as soon as possible. The more delay she does the more debt she will be pulled into as she will have to pay more as the interest increase.
So she should invest properly and clear off her loan first.
Which of the following is NOT a fixed expense?
Answer:
?????????????????
Explanation:
Fixed expenses are costs that do not change from month to month and do not change according to the needs. So, Groceries are not a fixed expense. Option D. is correct.
Groceries are a variable expense, as the amount spent on groceries can vary depending on dietary needs, shopping habits, and other factors. So, groceries can vary according to needs because Variable expense is a cost that varies depending on usage.
While the other options Car payment, Insurance premiums, and Gym membership are included in fixed expenses.
Therefore, the correct option is D.
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This is an incomplete question, probably the complete question is:
Which of the following is NOT a fixed expense?
A. Car payment
B. Insurance premiums
C. Gym membership
D. Groceries.
Because costs and benefits are both subjective, a person's cost-benefit analysis will always be based on what?
● monetary considerations
●diminishing marginal returns
● his or her unique values and beliefs
● a production possibilities frontier
Answer: his or her unique values and benefits
Explanation: I just got it right
Because costs and benefits are both subjective, a person's cost-benefit analysis will always be based on his or her unique values and beliefs. The correct option is c.
What is cost-benefit analysis?A cost-benefit analysis is a systematic process that businesses use to analyze which decisions to make and which to forgo.
The cost-benefit analyst sums the potential rewards expected from a situation or action and then subtracts the total costs associated with taking that action. Some consultants or analysts also build models to assign a dollar value on intangible items, such as the benefits and costs associated with living in a certain town. Before building a new plant or taking on a new project, prudent managers conduct a cost-benefit analysis to evaluate all the potential costs and revenues that a company might generate from the project.
The outcome of the analysis will determine whether the project is financially feasible or if the company should pursue another project.
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Can someone please explain to me what "spreading overhead" means in terms of business strategy and economics?
Explanation:
The concept of 'spreading the overhead' refers to using an allocation method to distribute the indirect overhead costs accross produced goods.Discuss any five items of government expenditure in Nigeria
Answer:
Government expenditure items, whether recurrent or capital, are usually classified into four major groups, namely: administration, economic services, social and community services and transfers.
What was high demand in the 1990s?
Answer:
Employment in the 1990s Technology and demand for more services drove employment up in the service-producing sector. Productivity improved as new and cheaper computer technology was applied in all sectors of the economy.
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#carryONlearningMark and Addison formed a partnership. Mark received a 25% interest in partnership capital and profits in exchange for land with a basis of $40,000 and a fair market value of $60,000. Addison received a 75% interest in partnership capital and profits in exchange for $180,000 of cash. Three years after the contribution date, the land contributed by Mark is sold by the partnership to a third party for $76,000. How much taxable gain will Mark recognize from the sale
Answer:
$24,000
Explanation:
Calculation to determine How much taxable gain will Mark recognize from the sale
Mark allocated precontribution gain $20,000
($40,000-$60,000)
Add Post contribution gain $4,000
($60,000-$76,000*25%]
Taxable gain $24,000
($20,000+$4,000)
Therefore How much taxable gain will Mark recognize from the sale is $24,000
explain the role of director of board of directors in public company.
four points
Explanation:
The board of directors is elected to represent shareholders' interests. Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation.
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When was Wells Fargo established? What was the main business when they started?
Answer: Since 1852
In 1852, Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the West. The new company offered banking (buying gold and selling paper bank drafts as good as gold) and express (rapid delivery of the gold and anything else valuable).
Explanation:
Explain the role audit committee plays in the company
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
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Store Policies that are open to interpretation by store employees
a) Customer satisfaction
b) Government law
c) Safety
d) Liability of product
Answer:
a) Customer satisfaction
Explanation: