Clothes Co., has manufactured their textiles domestically for several decades. Management is considering offshoring some aspects of the fabric production. Question: Which of the types of risk mentioned below could Clothes Co. potentially experience if Management chooses to offshore production. Select the best choice. O a. Vendor risks. O b. Country risks. O c. Strategic risks. O d. All of the above
Answers
Clothes Co. has manufactured their textiles domestically for several decades. The management is considering offshoring some aspects of the fabric production. So the correct option is D. All of the above
Offshoring some aspects of the fabric production is a common way for businesses to cut costs, gain access to cheaper labor and raw materials, or reach new markets. However, offshoring production does come with risks. If the management chooses to offshore production, the following risks are likely to be experienced by Clothes Co:
Vendor risks: Offshoring production means engaging in a relationship with a vendor to source raw materials or finished products. Vendor risks include a lack of quality, delays in delivery, and the vendor going out of business.Country risks: Offshoring production to a foreign country can expose businesses to risks unique to that country, including political instability, natural disasters, and regulatory changes.
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Related Questions
The amount of a good that buyers are willing and able to purchase at a given price.
a. Law of Demand
b. Demand Schedule
c. Quantity Demanded
d. Demand Curve
Answers
The quantity desired or demanded is the amount of a good that consumers are both willing and able to buy at a specific price.
In economics, the word "quantity demanded" refers to the overall amount of an item or service that consumers demand over a specific period of time. The value of a product or service influences whether a marketplace is in equilibrium or not. The link between the amount and quantity desired and the price is known as the demand curve, or simply the demand. The extent to which the volume demanded changes in proportion to price is alluded to as the elasticity of demand. Features include:
1. The entire amount of an item or service that consumers demand over a specific time period is referred to as the quantity demanded in economics.
2. The quantity required is influenced by a product or service's pricing in the market.
3. The law of demand states that there is an inverse relationship between a product's price and its quantity demand.
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it is common for sales representatives in information technology fields to receive commissions for the sales they make. at play in this case is the principle of
Answers
It is common for sales representatives in information technology areas to receive commissions for the sales they make. At play in this case is the principle of distributive justice.
What is distributive justice?It is a philosophical approach founded by Aristotle, whose principle is to obtain benefits through the individual's own merit, that is, it is a concept that is not based on the absolute equality of corrective justice, but on equality proportional to the efforts and results of the individual.
Therefore, distributive justice can be the concept used to understand the functions of sales representatives who pay commissions for the sales they make, that is, according to their merits.
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What information system would be most useful in determining what direction
to go in the next two years?
O A. Transaction processing system
B. Decision support system
C. Executive information system
D. Management information system
Answers
Answer:
C- Executive information system
Explanation:
AP3X
Jeff Arnold and Reggie Bradford created WebMD, an Internet provider of health care information. Early in the development of this high-growth company, Arnold and Bradford attracted a group of investors who provided them with money needed to acquire other Internet companies with similar missions. The investment group is called:
Answers
The investment group is called Angel Investors.
What is Angel Investors?An angel investor is a person who contributes money to the startup of a firm or businesses, typically in exchange for ownership equity or convertible debt. Angel investors typically fund start-ups during their first stages and when the majority of investors are unwilling to support them.
A wealthy individual with a high net worth who supports small businesses or entrepreneurs financially is known as an angel investor (also called as a private investor, seed investor, or angel funder).
Angel investors invest normally between $5,000 and $150,000 in potential firms at the very early stages in order to profit. In return, they get an ownership stake in the business and anticipate profits if it is successful.
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How has private enterprise strengthened the united states economy?
Answers
Answer:
to generate prosperity and produce goods and services that meet people's needs and improve their lives.
Explanation:
Because businesses cannot outgrow the economy of their communities
Helpmeeeeeeeeeeeeeeeeeeeeeeee
Answers
Answer:
A. 900
Explanation:
says they sold 900 gizmos per week when priced at $20
If frictional unemployment is 2%, structural unemployment is 3%, and cyclical unemployment is 3.5%, the natural rate of unemployment is ______.
Answers
Based on the various rates of unemployment, the natural rate of unemployment is 5%.
What is natural unemployment?It represents the sum of frictional and structural unemployment.Natural unemployment rate is therefore:
= Frictional + Structural
= 2% + 3%
= 5%
In conclusion, natural unemployment is 5%.
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what is the main reason a list of potential alternative suppliers be maintained? group of answer choices in case the primary supplier is more expensive to segregate purchasing suppliers in case the primary supplier is out of stock so the firm can sample different suppliers
Answers
A list of prospective backup suppliers should be kept in case the primary provider runs out of stock.
What consequences would a stock shortage need to take into account?The most noticeable effect of stockouts is lost revenue. If a customer tries to place an order but the item is out of stock, you forfeit the profit from that sale. Customers could select cheaper goods. A customer's permanent loss would mean less recurring revenues in the future, which is much worse.
What would you do if your warehouse running out of supplies?If it's possible, customers might decide to place a backorder. One of the best methods to deal with a stockout is to create a backorder system. The item is still available for purchase in this manner, but customers will only get it once they have it back in stock.
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Can someone please help me with this?
Step One: Review several stocks by looking at stock tables and reading news articles. When you read about the company, be on the lookout for information such as what products or services they sell, whether they have any new products, whether their standards are aligned with biblical standards, and whether the company has been making a profit. Select one stock in which you'll pretend to invest.
For this, I am going to use Amazon: (AMZN)
Here is what you need to do. (Three sections)
1. What is the name of the company and the stock symbol you chose?
What is the P/E ratio?
What information did you find about the company?
Why did you choose this stock?
Company name: Stock symbol: P/E ratio: Information about the company: Why did you choose this stock?
2. Over the next week, look up and record the price of stock each day. Record the stock name and its daily price per share in a word processing document or a spreadsheet.
3. Did you gain or lose money? How much?
Answers
Company name: Amazon.com, Inc.
Stock symbol: AMZN
P/E ratio: 85.52 (as of 28th February 2023)
What are the stocks about?Information about the company:
Amazon is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. The company is known for its online shopping platform and its voice-controlled assistant, Alexa. Amazon has been expanding its business by entering new markets such as healthcare, advertising, and logistics. The company has been profitable in recent years, with a net income of $21.3 billion in 2021.
I chose this stock because Amazon is a well-established company with a strong track record of growth and profitability. Amazon's diverse business portfolio and its ability to enter new markets make it an attractive investment option.
Date | Stock Name | Price per Share
21-Feb-23 | Amazon | $3,614.12
22-Feb-23 | Amazon | $3,618.94
23-Feb-23 | Amazon | $3,628.50
24-Feb-23 | Amazon | $3,643.70
25-Feb-23 | Amazon | $3,669.42
28-Feb-23 | Amazon | $3,694.81
lastly, in regards to question 3, To determine whether I gained or lost money, I need to compare the initial purchase price of the stock with the final price after a week. Based on the information recorded above, the initial purchase price of Amazon stock was $3,614.12 on 21st February 2023, and the final price after a week was $3,694.81 on 28th February 2023. Therefore, I gained $80.69 per share during the week. However, it's important to note that stock prices can be volatile and may fluctuate significantly over a longer period.
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Although only ___________ percent of all firms are corporations, corporations account for __________ only a small fraction 99 cents of every dollar the majority of revenue and profits earned by all firms.
Answers
Although only a small percentage of all firms are corporations, corporations account for a significant portion of the revenue and profits earned by all firms.
This statement implies that even though corporations represent a minority in terms of the number of firms, they generate a substantial amount of income in the business world.
To provide a clear and concise answer, let's break down the statement:
1. "Although only ___________ percent of all firms are corporations"
- The statement mentions that only a certain percentage of all firms are corporations. Let's assume this percentage is X.
2. "Corporations account for __________ only a small fraction 99 cents of every dollar the majority of revenue and profits earned by all firms."
- This part implies that despite being a small percentage, corporations contribute significantly to the revenue and profits earned by all firms. Let's assume that corporations account for Y percent of the total revenue and profits earned by all firms.
Based on these assumptions, we can conclude that X percent of all firms are corporations, and these corporations account for Y percent of the revenue and profits earned by all firms.
It is important to note that the actual values of X and Y are not provided in the question, so we cannot provide specific percentages. However, the statement emphasizes the significant role that corporations play in the overall financial performance of firms.
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Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inventories.
Cost of fiberglass (raw material) $ 85,000
Factory rent $ 59,000
Advertising $ 134,000
Utilities for factory $ 12,000
Wages of assembly workers $ 91,000
Production supervisor salary $ 44,000
Sales manager salary $ 42,000
Factory property taxes $ 15,000
Depreciation on production equipment $ 30,000
Cost of bindings (raw material) $ 34,000
Screws $ 1,200
Wages of snowboard painters $ 78,000
Wages for maintenance workers $ 37,000
a. Compute the direct material costs.
b. Compute the direct labor cost.
c. Compute the manufacturing overhead.
d. Compute the total manufacturing cost.
e. Compute the prime cost.
f. Compute the conversion cost.
g. Compute the total period cost.
Answers
a. Compute the direct material costs
Explanation:
a. Compute the direct material costs
a large retail company hires several new joiners and would like to incorporate virtual reality (vr) into their onboarding process. which approach would best utilize vr for this purpose?
Answers
The best approach to incorporate virtual reality (VR) into the onboarding process for a large retail company is to develop immersive training simulations that mimic real-life scenarios and provide interactive learning experiences.
Virtual reality (VR) can revolutionize the onboarding process by offering a dynamic and engaging training environment for new joiners. Rather than relying solely on traditional methods like manuals or presentations, VR can provide a more immersive and hands-on experience, enabling employees to learn in a simulated but realistic setting.
By developing immersive training simulations, new employees can virtually navigate through the retail company's stores, interact with virtual customers, and practice various tasks and scenarios they will encounter in their roles. These simulations can replicate real-life situations, such as handling customer inquiries, dealing with product placements, or managing inventory, allowing employees to gain practical experience and build confidence before engaging with customers directly.
Moreover, VR training can be interactive, enabling employees to receive real-time feedback, guidance, and assessments. This approach promotes active learning and helps identify areas for improvement, enhancing the overall onboarding experience. Through VR, new joiners can practice their skills, make mistakes, and learn from them in a safe and controlled virtual environment.
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an organization with a horizontal structure is also known as a flat organization because it often features only a few levels of organizational hierarchy. a. true b. false
Answers
The given statement "An organization with a horizontal structure is also known as a flat organization because it often features only a few levels of organizational hierarchy" is True because a horizontal organizational structure is also known as a flat organization due to its minimal levels of hierarchy.
In a flat organization, there are only a few layers of management, and the power is distributed more evenly across the organization. The focus of a flat organization is on creating a collaborative work environment that encourages open communication, teamwork, and a shared sense of responsibility.
A horizontal organizational structure differs from a traditional hierarchical structure, which has a tall pyramid-like structure with multiple levels of management. In a hierarchical structure, decisions are made at the top and filtered down through the ranks, which can create delays in decision-making and hinder innovation.
In contrast, a flat organizational structure empowers employees and encourages them to take ownership of their work and contribute to the overall success of the organization. It also promotes more flexibility and agility, allowing organizations to adapt quickly to changes in the market.
In conclusion, a horizontal organizational structure is also known as a flat organization due to its minimal levels of hierarchy. Such organizations aim to foster a collaborative work environment that encourages open communication, teamwork, and shared responsibility. The flat structure empowers employees, promotes flexibility and agility, and allows organizations to adapt quickly to changing market conditions.
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A consumer wants 400 keychains in 5 days, is it impossible to make 40 keychains per day with two people. The boss and the employee.
"Please help me!"
Answers
Answer:
Make the keychains day by day and give them to the consumer over time.
Explanation:
Also, offer a small discount for the inconvenience.
When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)
A) easy-money business.
B) hit-and-run business.
C) failure.
D) missing opportunity.
Answers
Answer:
The answer is B. Hit-and-run business.
Explanation:
The profit maximizing monopolist would achieve loss minimization when... A.) Total cost equals total revenue. B.) Price is between average total cost and average variable cost. C.) Price is below aver
Answers
(C) The profit-maximizing monopolist would achieve loss minimization when the price is equal to the average variable cost (AVC).
When a monopolist operates in the short run and incurs losses, it aims to minimize those losses rather than maximize profits. In this situation, the monopolist should set the price equal to the average variable cost (AVC) of production.
Setting the price below average total cost (ATC) (option A) would lead to continued losses, as the price would not cover both variable and fixed costs. Option B suggests setting the price between the average total cost and average variable cost, but this would still result in losses since fixed costs are not covered. By setting the price equal to the average variable cost, the monopolist covers all variable costs associated with production. Although this would result in a loss equal to the fixed costs, it minimizes the losses incurred in the short run. This strategy allows the monopolist to continue operating and covering at least some of its variable costs until conditions improve.
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what is my profit margin ratio if my net income is $294 and my net sales is $3800
Answers
Answer:
Explanation: Net Sales = $3800
Net income= $294
Profit margin ratio= Net income/Net sales x 100
=$294/$3800 x 100
=7.73%
what is a market segment? group of answer choices an area of perceptual map where all points intersect a group of customers with similar purchasing concerns the diverging area of customer buying patterns a geographic area where customers are located a group of customers with differing purchasing concerns
Answers
A market segment is a group of customers with similar purchasing concerns. Thus, option (b) can be regarded as correct.
Give a brief account on market segmentation.A marketing term regarded as "market segmentation" refers to the division of prospective customers into groups or segments that have similar needs and reactions to marketing efforts. Market segmentation allows businesses to target multiple consumer groups, each of which has a unique perspective on the complete value of a given commodity or service.
Market segmentation is a development of market research that aims to pinpoint specific consumer demographics so that goods and brands can be tailored to appeal to the group. By determining which products have the best chances of acquiring a share of a target market and the most efficient ways to distribute those products to that market, market segmentation seeks to lower risk.
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A set of clients having comparable purchasing concerns is referred to as a market segment. As a result, choice (b) can be viewed as being correct.
Give a brief account of market segmentation.Market segmentation, a concept used in marketing, is the grouping of potential customers into groups or segments that have comparable demands and responses to marketing initiatives. Market segmentation enables companies to target various consumer groups, each of which has a different understanding of the full worth of a certain good or service.
The goal of market segmentation, a branch of market research, is to identify particular customer demographics so that products and brands can be developed to appeal to the group. By identifying the goods with the greatest potential to capture a portion of a target market and the most effective methods to distribute those goods, to that market, market segmentation seeks to lower risk.
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How is it different to approach someone with good news versus bad news? Answer in a few short sentences.
Answers
Answer:
you would have different tones each time you approached them.
Explanation:
with bad news you would kind of be emotional and concerning but if you had good news you would be joyful or excited
a company receives 155, of which 9.30 is for sales tax. the journal entry to record the sale would include a
Answers
The journey entry to record the sale would include a debit to the accounts receivable or cash account for the entire amount of the invoice included as cash received.
A journey entry refers to the written record presenting a financial transaction that affects the accounts of a business. It showcases the date, description, reference, number, and debit and credit amounts included in the transaction.
It is the first step in the accounting process that generally helps in transferring information and data to the other respective account record. Here, account records refer to the key source information and evidence used in the preparation and verification of financial statements.
It also includes records of monetary transactions, assets, liabilities, ledgers, etc.
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Beatrice just got promoted to senior manager at her company. The CEO of the
company stresses the importance of bringing all of the departments together
to meet company goals. Which of these skills should Beatrice brush up on?
A. Human relations skills
B. Conceptual skills
C. Technical skills
D. Accounting skills
Answers
Answer:
B. Conceptual skills
Explanation:
Just took the test
what unemployment programs exist in state of Kentucky, eligibility, and how to get these benefits.
Answers
Answer:
Unemployment Insurance (UI) is an employer-paid insurance program that provides you with benefits when you’re separated from a job at no fault of your own.
UI benefits help cover the gap in lost wages while you are between jobs. The benefits are not based on need, and they’re paid out in weekly payments as long as you meet eligibility requirements and report on a weekly basis.
If you were let go from your job, you’re experiencing significantly reduced hours, or you’re out of a job due to a company closure, you're likely eligible for
UI benefits.
1. Collect your information
2. Create an account Online or By phone
3. File a claim
4. Complete your eligibility review
5. Set up your payment options
Where do I submit my claim?
Kentucky Division of Unemployment Insurance Website
Kentucky unemployment insurance online portal.
Answer:
i do the ogburn high school
Explanation:
When the crime rate falls in the area around a factory, what probably happens to wages at that factory
Answers
When the crime rate falls in the area around a factory, it is likely that wages at that factory will increase.
A decrease in the crime rate in the vicinity of a factory can have several positive effects on the overall economic environment, which can ultimately impact wages at the factory. Lower crime rates contribute to a safer and more stable community, creating a more attractive living and working environment for employees. This, in turn, can lead to increased job satisfaction, productivity, and employee retention.
When a factory operates in a safer area with reduced crime, it may experience a decrease in costs associated with security measures, such as surveillance systems or hiring security personnel. This cost savings can potentially be redirected towards employee wages or other benefits, resulting in an increase in wages for the workers.
Furthermore, a decline in crime rates can also attract new businesses or investments to the area, leading to economic growth and increased competition for skilled labor. In response to this increased demand for workers, factories may offer higher wages to attract and retain qualified employees. Overall, when the crime rate falls in the area around a factory, it is likely that wages at that factory will increase due to improved economic conditions, reduced security costs, and increased competition for labor.
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Samtech Manufacturing purchased land and building for $4 million. In addition to the purchase price, Samtech made the following expenditures in connection with the purchase of the land and building: Title insurance Legal fees for drawing the contract Pro-rated property taxes for the period after acquisition State transfer fees $33,000 8,500 53,000 5,700 An independent appraisal estimated the fair values of the land and building, if purchased separately, at $3 and $2 million, respectively. Shortly after acquisition, Samtech spent $99,000 to construct a parking lot and $57,000 for landscaping. Required: 1. Determine the initial valuation of each asset Samtech acquired in these transactions. 2. Determine the initial valuation of each asset, assuming that immediately after acquisition, Samtech demolished the building. Demolition costs were $420,000 and the salvaged materials were sold for $9,500. In addition, Samtech spent $96,000 clearing and grading the land in preparation for the construction of a new building.
Answers
The solution to the given problem is as follows: 1. Initial valuation of each asset Sam tech acquired in these transactions is given below:
Particulars Amount Land & Building$4,000,000Title Insurance$33,000Legal fees for drawing the contract$8,500Pro-rated property taxes for the period after acquisition$53,000State transfer fees$5,700Total$4,100,200 2. The initial valuation of each asset, assuming that immediately after acquisition, Sam tech demolished the building is given below: Particulars Amount Land $4,000,000 Landscaping$57,000Parking lot$99,000 Demolition cost($420,000)Salvaged Materials$9,500Clearing and grading the land$96,000Total$3,841,500.
The initial valuation of each asset is the total value of all the expenses done in connection with the purchase of the land and building. It includes the purchase price, Title insurance, Legal fees for drawing the contract, Pro-rated property taxes for the period after acquisition, and State transfer fees.
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when ordering raw materials of steel and aluminium the business is considering changing to jit advise them if its a good idea or not
Answers
The advantages the business gets if they change to JIT are
reduction in inventory costImprovement in qualityIncrease in efficiencyThe Advantages:Decisions on whether or not to implement a Just-In-Time (JIT) inventory system for steel and aluminum raw material depend on many variables such as business size, market demand, lead time and supplier reliability. Here are the potential advantages and disadvantages of JIT inventory in such situations:
JIT helps businesses reduce inventory holding costs as raw materials are only ordered as required, thus freeing up cash flow for other investments and creating greater cashflow opportunities.
Quality Improvement: Just-In-Time production methods provide greater quality assurance as materials can be purchased in smaller batches that can then be thoroughly inspected upon their arrival.
Increased Efficiency: Just-In-Time ordering helps shorten lead times as raw materials are ordered only when necessary for production; leading to greater productivity gains overall.
Disadvantages of Just in Time production (JIT):
JIT requires businesses to become increasingly dependent on suppliers for materials delivery on time or at required quality levels; any supplier failure could create major disruption in operations and create costly supply issues for business operations.
Transportation Costs Increase with JIT Delivery Frequencies: JIT deliveries often necessitate more frequent delivery trips, which increases transportation expenses.
Difficulties Responding to Unexpected Changes: JIT requires accurate forecasts for demand and lead times
Requiring an efficient supply chain: JIT requires close cooperation between businesses and suppliers in the supply chain.
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Which of the following is NOT listed on a balance sheet?
Question 16 options:
Capital
Liabilities
Revenue
Assets
Answers
Answer:
the balance sheet displays the company's total assets, and how these assets are ... found line items under Current Assets, Long-Term Assets, Current Liabilities, ... This account includes the balance of all sales revenue still on credit, net of any ... Capital
also assets =liabilites
Explanation:
Revenue is not part of the Balance sheet. Thus, Option C. is the correct choice.
What is revenue?Revenue is the amount of income earned through the sale of goods or services related to the company's core activities.
Revenue, also known as gross sales, is often referred to as the "top line" because it stays at the top of the income statement.
Earnings, or total income, are the total income or profits of a company.
Hence, Revenue is not the part of balance sheet. Option C. is the correct answer.
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Which of the following is NOT a true statement concerning budgets?
O Are a specific plan on how to spend and save money
O Are numerical records which do not express spending results over a specific time period
O Are a blueprint
O Are used as a planning guide
Answers
The following statement is NOT true concerning budgets:
- Are numerical records which do not express spending results over a specific time period
Budgets are a specific plan on how to spend and save money, and they are used as a planning guide or blueprint. They help individuals and organizations allocate their financial resources efficiently and effectively, by setting financial goals and identifying the resources needed to achieve them.
Budgets involve creating numerical records of projected income and expenses, usually over a specific time period such as a month, quarter, or year. By tracking actual spending and comparing it to the budgeted amounts, individuals and organizations can monitor their financial performance and make adjustments as needed.
Therefore, the statement "Budgets are numerical records which do not express spending results over a specific time period" is not true.
Explain the different methods of getting information about foreign employment.
Answers
Answer:
The different methods of getting information about foreign employment are:
The different methods of getting information about foreign employment are: Notice board The different methods of getting information about foreign employment are: Notice board newspaper The different methods of getting information about foreign employment are: Notice board newspaper electronic media The different methods of getting information about foreign employment are: Notice board newspaper electronic media websites The different methods of getting information about foreign employment are: Notice board newspaper electronic media websites public programsDefinition: Biproduct - something that is produced because of making something else. “Profits are a biproduct of successfully solving a problem’’ what does this mean ?
Answers
The statement "profits are a byproduct of successfully solving a problem" means that when a company or individual solves a problem, it can result in generating profits as a secondary outcome.
How to define byproduct ?Profits are not the primary objective but rather a natural consequence of creating value and solving problems for others.
For example, if a company creates a product that solves a problem for its customers, such as a more efficient way of doing something, then customers may be willing to pay for that product, and the company can make a profit as a byproduct of solving the problem. In this sense, the profit is not the ultimate goal but rather a reward for creating value and solving a problem for others.
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Mercy Hospital has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $50,000; Allowance for Uncollectible Accounts = $1,300 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below. Age Group Amount Receivable Estimated Percent Uncollectible Not yet due $ 30,000 20 % 0–30 days past due 9,000 25 % 31–90 days past due 6,000 40 % More than 90 days past due 5,000 80 % Total $ 50,000
Record the adjusting entry for uncollectible accounts on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Calculate net accounts receivable.
Answers
The adjusting entry for uncollectible accounts is necessary to reflect the estimated uncollectible amounts based on the aging of accounts receivable.
The adjusting entry for uncollectible accounts on December 31, 2021, is:
Uncollectible Accounts Expense $11,500
Allowance for Uncollectible Accounts $11,500
To calculate net accounts receivable, we subtract the allowance for uncollectible accounts from the accounts receivable balance. Net accounts receivable is:
Net Accounts Receivable = Accounts Receivable - Allowance for Uncollectible Accounts
Net Accounts Receivable = $50,000 - $1,300
Net Accounts Receivable = $48,700
Net accounts receivable represent the amount that Mercy Hospital expects to collect from its accounts receivable after accounting for estimated uncollectible accounts. It provides a more realistic view of the hospital's expected cash inflows from outstanding invoices.
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