delectable, inc.'s unadjusted trial balance includes accounts receivable of $10,000; allowance for doubtful accounts of $50 credit balance; and sales revenue of $100,000 (all on credit). management estimates that 2% of credit sales will be uncollectible. delectable's financial statements will show blank . (check all that apply.) multiple select question. allowance for doubtful accounts of $2,050 credit balance allowance for doubtful accounts of $2,000 credit balance bad debt expense of $2,050 bad debt expense of $2,000
Answers
The income statement will show bad debt expense of $2,050.
The correct answers are allowance for doubtful accounts of $2,050 credit balance and bad debt expense of $2,050.
Delectable, Inc.'s unadjusted trial balance includes accounts receivable of $10,000; allowance for doubtful accounts of $50 credit balance; and sales revenue of $100,000 (all on credit). Management estimates that 2% of credit sales will be uncollectible.
The allowance for doubtful accounts balance must be adjusted to reflect the estimated uncollectible accounts.
Since sales on credit were $100,000, the estimated uncollectible accounts are $100,000 x 2% = $2,000. The adjusting entry will be to debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $2,000.
The updated balance in the Allowance for Doubtful Accounts account will be $50 + $2,000 = $2,050 credit balance.
The balance sheet will show accounts receivable of $10,000 and allowance for doubtful accounts of $2,050 credit balance. The income statement will show bad debt expense of $2,050.
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Related Questions
esther, a manager at a customer service call center, reprimands her subordinates each time they are late to work. thus, esther is using
Answers
Esther, as the manager at a customer service call center, is using negative reinforcement when she reprimands her subordinates each time they are late to work.
What is meant negative reinforcement?
Negative reinforcement is a kind of disciplinary action.
Esther, as a manager at a customer service call center, is using disciplinary action as a form of management technique. Specifically, she is reprimanding her subordinates for being late to work.
Disciplinary action is a way of addressing and correcting employee behavior that does not meet the expectations or standards of the workplace. It is a common approach used by managers to enforce rules and policies, and to hold employees accountable for their actions or performance.
This approach aims to decrease the undesired behavior (tardiness) by applying an aversive stimulus (reprimand) when the behavior occurs.
However, it's important for managers to ensure that disciplinary action is applied consistently, fairly, and in compliance with company policies and applicable laws and regulations.
Effective communication, coaching, and performance feedback are also important aspects of managing employee behavior and performance.
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Prompt
What is debt?
Answers
Answer:
debt is when you spent more money than you had
the difference between the nominal interest rate and the real interest rate is:
Answers
Answer:
Explanation:
A real interest rate is an interest rate that has been adjusted to remove the effects of inflation to reflect the real cost of funds to the borrower and the real yield to the lender or to an investor. A nominal interest rate refers to the interest rate before taking inflation into account.
What is the yield on a corporate bond with a $1000
face value purchased at a discount price of $875, if
it pays 8% fixed interest for the duration of the
bond?
yield = [ ? ] %
Give your answer as a percent rounded to the nearest
hundredth
Hint: yield = interest paid
price paid
Answers
Based on the calculations, the yield on this corporate bond is equal to 9.14%.
What is yield?Yield can be defined as a measure of the income returned or earned from an investment such as the interest earned from holding a corporate bond.
Mathematically, the yield on an investment can be calculated by using this formula:
Yield = Interest paid/Price paid
However, we would need to determine the interest paid as follows:
Interest paid = value of bond × Interest rate
Interest paid = 1000 × 0.08
Interest paid = $80.
Substituting the given parameters into the formula, we have;
Yield = Interest paid/Price paid
Yield = 80/875 × 100
Yield = 9.14%.
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What is the total revenue of mike's ice cream business if he sells ice
cream for $2.00 a bar, and sells 25 bars in a day. his total cost of
operation is $15.00 to run the stand.
o $30.00
o $35.00
o $42.50
o $50.00
Answers
Answer:
$50
Explanation:
Total revenue= Price multiplied by total quantity sold.
Total Revenue= $2 multiplied by 25=$50.
Profit is total revenue minus total cost= $50-$15=$35
of the following professional accreditation and certification groups, which is an association for safety engineers, industrial hygienists, safety managers, and fire protection engineers?
Answers
Board of Certified Safety Professionals is an association for safety engineers, industrial hygienists, safety managers, and fire protection engineers.
What is professional accreditation?A course is said to be professionally accredited if it has received the endorsement of a specific external Competent, Statutory, of Regulatory Body (PSRB) because the graduates' learning and accomplishment match national professional criteria.
Why is it crucial to get professional accreditation?Professional accreditation offers unbiased third-party verification or approval of a person's degree of expertise to perform in a particular industry or profession, as well as proof of their knowledge, ability, experience, and competency. provides facilities a competitive edge and demonstrates their dedication to higher standards. offers procedures for prompt, precise diagnosis and treatment.
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T/F? The growth rate of dividends and profit margin are the main determinants of the P/E ratio.
Answers
The given statement “The growth rate of dividends and profit margin are the main determinants of the P/E ratio.” is true.
The P/E ratio, or price-to-earnings ratio, is a financial metric that is commonly used to evaluate the valuation of a company's stock. It is calculated by dividing the current market price of a stock by its earnings per share (EPS). The growth rate of dividends and profit margin can both influence the P/E ratio.
1. Growth rate of dividends: A higher dividend growth rate can make a stock more attractive to investors, as it indicates that the company is consistently increasing its dividend payouts. This can lead to a higher demand for the stock and, consequently, a higher stock price, which increases the P/E ratio.
2. Profit margin: A higher profit margin indicates that a company is more efficient in converting its sales into profits. A higher profit margin can lead to a higher EPS, which, in turn, can result in a lower P/E ratio. Conversely, a lower profit margin can lead to a lower EPS and a higher P/E ratio.
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Most economists assume that expansion and contraction in industry lends itself to a "natural" unemployment rate of
a. two percent or four percent
b.three percent to five percent
c.four percent to seize percent
d.seven percent to six percent
Answers
Answer: A
Explanation:
Most economists assume that expansion and contraction in industry lend themselves to a "natural" unemployment rate of two percent or four percent. Thus, option A is correct.
Who are economists?An economist can be defined as a person who works with social resources as well as input and output. They are the ones who is in the field of economy. They prepare report tables and charts regarding the production as well as the distribution of a product or service.
Economists have of perspective regarding industrial development. As they believe that the unemployment rate in this sector will be 2 to 4%. As the economy and the market are continuously changing. This will result in making the recession and depression of fluctuating.
Therefore, option A is correct.
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The question is incomplete, Complete question probably will be
Most economists assume that expansion and contraction in industry lends itself to a "natural" unemployment rate of
a. two percent or four percent
b.three percent to five percent
c.four percent to seize percent
d.seven percent to six percent
a larger portion of the dna in a eykartotic cell is transcribed than
Answers
In a eukaryotic cell, only a small portion of the DNA is transcribed, while the majority of the DNA is not actively transcribed or expressed.
Eukaryotic DNA is organized into chromosomes, and within each chromosome, there are regions called genes that contain the instructions for producing specific proteins. Transcription is the process by which the genetic information encoded in a gene is copied into a messenger RNA (mRNA) molecule.
The amount of DNA that is transcribed varies depending on the cell type, developmental stage, and environmental factors. Different cells in the body have specialized functions and express specific sets of genes. For example, liver cells will transcribe genes involved in liver function, while muscle cells will transcribe genes involved in muscle contraction. This selective transcription allows cells to differentiate and perform their specific roles in the body.
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In order to start a small business, a student takes out a simple interest loan for $8,000 for 9 months at a rate of 7.50%. How much interest must the student pay PLEASE HELP NOW
Answers
Answer:
$450
Explanation:
To calculate simple interest, we apply the formula
I= P x r x t
Where I = interest
P= principal
r= interest rate
t= time in years
In this case, p=$8,000, r= 7.50% or 0.075, t= 9 months or 9/12 years which is 0.75 years
I =$8000 x 0.075 x 0.75
I= $600 x 0.75
I=$450
Interest is $450
It can be a valid choice to not choose or implement any solution.
Please select the best answer from the choices provided
T
F
Answers
Answer:
true
Explanation:
Answer:
True
Explanation:
Took the test got 100%
megan finds herself in a breach of contract situation. while the other party met some of his obligations, some were not met. megan thinks it would cost a lot of time and money to sue the other party. thus, she decides to accept the work that has been done and call it good. of what is this an example?
Answers
Before going to court, Megan has a few choices if she believes that the other party has broken the contract Some of these choices consist of legally enforceable agreement.
legally enforceable agreement wherein two or more parties agree to trade products, services, money, or other things of value is known as contract. Although contracts can be verbal or written, having a formal agreement is advised to prevent misunderstandings and offer proof in the event of a disagreement. contract's terms and conditions, including each party's responsibilities and rights, the time limit, and the repercussions of non-compliance, should be clearly stated. Either party has the right to file a lawsuit to have the contract enforced or to recover damages in the event of a violation. Contracts are used often across wide range of sectors and are essential in commercial operations
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Which of the following characteristics of tourism services explains which guests need to be present when the service is being performed?
Answers
In terms of SUPPLY, what factors have contributed to the fall in oil prices?
Answers
What is the purpose of the federal budget? A. It serves as a plan for government spending each year. B. It ensures that the government will always have a surplus C. It allows the government to default on its debts O D. It prevents the government from creating a budget deficit .
Answers
Answer:
It serves as a plan for government spending each year
The major purpose of the federal government is to serve as a plan for government spending each year.
What do you mean by a federal budget?A federal budget refers to a plan for how the government will take in money.
It is revised every year and the purpose is to outline the budget for the nation's priorities for years.
It serves as a plan for government spending. Therefore, A is the correct option.
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I have to do question A and C for TODAY
someone help me urgent please !!!!
Answers
(A) (1) The Four enterprising characteristics/skills displayed by Emer:
InnovationRisk-takingVisionaryEntrepreneurial thinking(ii) Two methods of encouraging intrapreneurship within the business:
Employee empowerment: Allowing employees to have a say in the decision-making process, delegating tasks and responsibilities, and providing them with the necessary resources to implement their ideas can encourage intrapreneurship.Recognition and reward: Recognizing and rewarding employees for their contributions to the business can encourage them to be more innovative and to take initiative in finding new opportunities for the business.(B) Obligations of Emer as business owner to the various stakeholders in the enterprise:
Customers: Emer has an obligation to provide a quality product and service to her customers. She is also responsible for ensuring that the restaurant is safe and hygienic for her customers.Employees: Emer is responsible for providing her employees with good rates of pay and conditions of work. She also has an obligation to provide her employees with training and development opportunities.Suppliers: Emer has an obligation to source produce from reputable suppliers and to pay her bills in a timely manner.Community: Emer has an obligation to be a responsible member of the community in which her business operates. This includes being a good neighbor and being environmentally friendly.Shareholders: Emer has an obligation to maximize shareholder value and to report financial performance honestly.(C) Evaluation of John Doyle's management skills:
Leadership: John is a great team leader and team builder. He leads by example and is able to delegate work effectively to his employees.Problem-solving: John is able to effectively handle any problems that arise with either staff or customers. He is able to sort out issues quietly and efficiently.Communication: John is able to communicate effectively with his staff and customers. He encourages the employees, through fortnightly meetings, to suggest improvements for the business.Motivation: John is able to motivate his staff and build a loyal team. Many staff members have been promoted to positions of responsibility in the business.What are the characteristics about?Innovation: Emer is constantly trying to improve the restaurant's image, profitability, and range of services that it offers. She and John actively encourage the restaurant's employees to suggest improvements for the business and many ideas have been introduced, such as extending the opening hours to include breakfast and catering for outside parties and special events through the online business.
Risk-taking: Emer invested her savings and took out a long-term loan to purchase a restaurant on the south side of Dublin. She was willing to take the risk of starting her own business and has successfully built a profitable enterprise.
Visionary: Emer recognizes the importance of having a loyal customer base for the long-term success of the business. She is constantly striving to improve the restaurant's image, profitability and the range of services that it offers.
Entrepreneurial thinking: Emer is constantly looking for new opportunities and ways to improve her business. She sees the value of her employees' ideas and actively encourages them to suggest improvements for the business.
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Luke owns several relatively new business suits that he enjoys wearing. one day at the office, he notices an especially attractive suit worn by a coworker and decides he needs to buy a new suit. as described in this chapter, what type of problem recognition has taken place
Answers
Based on the given scenario, it can be said that Luke has experienced a "stimulus-driven problem recognition" while noticing an attractive suit worn by his coworker. Stimulus-driven problem recognition occurs when a consumer's attention is drawn to a particular product or service due to an external stimulus, such as an advertisement, a recommendation from someone else, or simply observing someone using a product. In this case, the coworker's attractive suit acted as a stimulus that grabbed Luke's attention and made him realize that he needed a new suit.
Stimulus-driven problem recognition is one of the three types of problem recognition that can occur in the consumer decision-making process. The other two types are "internal search" and "need-driven problem recognition." Internal search occurs when a consumer realizes a problem through his or her own past experiences and knowledge, while need-driven problem recognition occurs when a consumer experiences a gap between his or her desired and actual state of being.
In conclusion, Luke's problem recognition can be categorized as a stimulus-driven problem recognition, where an external stimulus triggered his need to buy a new suit. As a result, he might start looking for information and evaluating alternatives to find the most suitable suit that fits his preferences and budget.
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at the beginning of the video, ava does not properly follow the third step of the rational decision-making process. what did she do wrong?
Answers
As part of the formal decision-making process, gathering information is the third phase that Ava does not adequately complete.
What do u meant by Rational Planning ?When developing and planning communities, cities, and regions, rational planning is applied. Modern urban and transportation planning have benefited greatly from its growth.
The model has many drawbacks, most notably a lack of instructions on how to involve stakeholders and the community that will be affected by planning.
other planning models, such collaborative planning, are now being frequently utilized.
An approach to producing logically sound decisions is the very similar rational decision-making model, often known as the organizational behavior model.
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When an interview is more like an ordinary conversation with no predetermined set of questions, this is an example of a less formal type of interview and is referred to as a(n) ______ interview.
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When an interview is more like an ordinary conversation with no predetermined set of questions, this is an example of a less formal type of interview and is referred to as an unstructured interview.
An unstructured interview is a type of interview where the interviewer has a general idea of what they want to ask, but the questions are not predetermined, and there is no set order or format for the interview. In an unstructured interview, the interviewer will likely ask open-ended questions and allow the conversation to flow naturally, which can help to reveal more about the candidate's personality, communication skills, and problem-solving abilities.
The lack of a predetermined set of questions also means that the interview can be more spontaneous and engaging, which can help to put the candidate at ease and allow them to showcase their skills and experience more effectively. However, the downside of an unstructured interview is that it can be less standardized, which can make it more difficult to compare candidates objectively.
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Credit is when the lender doesn’t require you to put down a security deposit or collateral.
a. True
b. False
Answers
The correct option is B,False. When the lender doesn’t require you to put down a security deposit or collateral.
Credit is a type of loan that allows a borrower to admit finances from a lender with the expectance that the borrower will pay back the loan over time with interest. While it's true that some types of credit similar as relaxed loans or credit cards don't bear collateral or a security deposit numerous other types of credit similar as secured loans do bear collateral in order to ease the threat to the lender.
credit refers to the borrowing of money or other finances, and the terms of the loan, including whether or not collateral is needed, will depend on the specific agreement between the borrower and lender.
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5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Answers
PART I
Answer:
The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.
Explanation:
SWOT
Strengths
Unique Value Proposition which is healthier bread and cake recipes20 years experience in baking which translates to strong industry knowledgeWeaknesses
Insufficient Equipment to go withWeak or zero visibility for new businessOpportunities
Little or no competition as the recipes are unique to meHuge demand for healthier pastry especially in my current locationThreats
The industry is heavily regulated and may be shut down if there are compliance issuesOne competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.Part II
Answer:
The persons I would give the business plan to are:
My family An angel investor who I met on LinkedIn who supports small businesses and start-upsMy banker of over 20 yearsI would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come byBanks always have the funds but the funds come at a higher cost than the first two.Cheers
Which statement best describes the lesson we can learn from Lupe's experience?
It’s too much work to open a checking account.
It’s only important to track large amounts in personal records.
It’s important to keep accurate records.
It’s best to use only one document to track spending.
Answers
Answer: it’s important to keep accurate records
Explanation:
Just did it
Considering the story of Lupe, the best statement that describes the lesson we can learn from Lupe's experience is "It’s important to keep accurate records."
The story of Lupe revealed that when people from authority tend to assess and crosscheck the accounting records when performing the auditing process.
This process is to check the actual proof of the transaction and look for any inaccuracies.
Any inaccuracies found could be used as a basis to indict people for financial fraud, regardless it is an honest mistake or not.
Hence, in this case, it is concluded that the correct answer is option C. "It’s important to keep accurate records.
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in order to assess the critical issue sin information management, a manager should know the is infrasture componetents. these are
Answers
These are infrastructure, software, networks, and data, according to the claim.
What being a manager entails?Based on the traditional definition, a manager is only someone who coordinates the efforts of others. Simply simply, managers coordinate the efforts of others to accomplish goals. Managers in the workforce could be in command of particular systems or tasks that don't involve people.
Who in a company is a manager?Using the four core management roles of preparing, organizing, driving, and controlling, managers are in charge of completing tasks effectively with and through the help of other people as well as creating and accomplishing the company's goals.
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The complete question is-
In order to assess the critical issues in information management, a manager should know the IS infrastructure components. These are hardware, software, network and _______.
An innovative business idea that no one has never had
Answers
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
if a country calculates its real gdp using the year 2012 as its base year, the value of its real gdp will be _____ its nominal gdp as long as prices have risen since 2012.
Answers
If a country calculates its real GDP using the year 2012 as its base year, the value of its real GDP will be less than its nominal GDP if prices have risen since 2012.
What is nominal GDP?Nominal GDP is the GDP that is determine using current market prices, while real GDP is the GDP that is adjusted for changes in inflation or deflation, and is therefore measured using constant prices from a specific base year, such as 2012 in this case.
If prices have risen since 2012, then the nominal GDP will be higher than the real GDP because the nominal GDP includes the effect of higher prices, while the real GDP is adjusted for inflation using the prices from the base year of 2012. Therefore, the value of the real GDP will be lower than the nominal GDP.
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i need help with Question B5 (a) short essay. im completely lost please help me :(
Answers
what approach to strategic hrm deploys bundles of internally consistent hr practices to improve employee ability, motivation, and opportunities across the entire organization?
Answers
The "High performance work system" is the approach deployed by Human resources manager to improve employee ability, motivation, and opportunities.
Basically, the Human resources manager belongs to the department which is responsible for motivating and ensuring the well-being of employees so that productivity can be achieved at the workplace.
The High performance work system is the type of system that creates an environment which allows the employees to be greatly involved in activities which with greater responsibility.
The HRM deploys the HPWS because its allows the employees to feel and take more responsibility for improving the organization's products, services and processes.
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Describe patterns of risk-taking and suggest at least four (4)
ways to reduce or manage risk.
Answers
Patterns of risk-taking can vary among individuals, but some common patterns include: Conservative Risk-Taking, Aggressive Risk-Taking, Balanced Risk-Taking, Risk-Averse
1. Conservative Risk-Taking: Individuals who exhibit conservative risk-taking tend to take calculated and moderate risks. They carefully analyze the potential outcomes and consider the probability of success before making a decision. They may be open to taking risks but prefer to have a reasonable level of certainty and control.
2. Aggressive Risk-Taking: Aggressive risk-takers are more inclined to take significant risks without thoroughly assessing the potential consequences. They are driven by the possibility of high rewards and may overlook potential pitfalls or downsides. They may engage in impulsive decision-making without fully considering the risks involved.
3. Balanced Risk-Taking: Balanced risk-takers strike a balance between caution and risk. They carefully evaluate the potential risks and rewards, taking into account their own risk tolerance and the available information. They aim to achieve a reasonable level of risk exposure while considering the potential consequences.
4. Risk-Averse: Risk-averse individuals prefer to avoid or minimize risks as much as possible. They prioritize stability, predictability, and certainty in their decision-making. They may be resistant to taking risks and prefer to stick to familiar and safe options, even if it means potentially missing out on opportunities.
To reduce or manage risk, here are four strategies:
1. Risk Identification and Assessment: Identify and assess potential risks associated with a particular activity, project, or decision. This involves conducting thorough research, gathering relevant data, and considering various scenarios. By understanding the risks involved, you can develop appropriate risk management strategies.
2. Risk Diversification: Diversify your investments, resources, or activities to spread the risk. By allocating resources across different areas or industries, you reduce the impact of potential losses in one area. For example, in financial investments, diversifying a portfolio across various asset classes, such as stocks, bonds, and real estate, helps mitigate the risk associated with any single investment.
3. Risk Mitigation: Implement measures to reduce the likelihood or impact of risks. This can include developing contingency plans, implementing safety protocols, or adopting risk manageMent tools and technologies. For example, in a manufacturing setting, implementing quality control measures and regular equipment maintenance can help mitigate production risks.
4. Risk Transfer: Transfer the risk to another party through insurance, contracts, or partnerships. Insurance policies can provide financial protection against specific risks, such as property damage, liability, or business interruption. Contracts and partnerships can allocate risks and responsibilities among involved parties, reducing individual risk exposure.
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You are creating a blanket purchase order using item category B. Which tab becomes visible on the purchase order in this process?
a. confirmations
b. limits
c. items
d. delivery
Answers
When creating a blanket purchase order using item category B, the "items" tab becomes visible on the purchase order. This is because item category B is used for material items that are procured regularly from a vendor, and a blanket purchase order is an agreement to purchase a specific quantity of that item over a period of time.
The "items" tab allows the user to enter the details of the material item being procured, such as the description, quantity, unit of measure, price, and vendor information. It also allows for any relevant notes or comments to be added to the purchase order.
While the other tabs (confirmations, limits, and delivery) may also be relevant to the purchase order process, they are not directly related to the creation of a blanket purchase order using item category B. The "confirmations" tab would be used to track confirmations received from the vendor regarding delivery and pricing, the "limits" tab would be used to set limits on the amount that can be purchased, and the "delivery" tab would be used to specify the delivery address and date.
In summary, when creating a blanket purchase order using item category B, the "items" tab is the relevant tab that becomes visible on the purchase order. This allows for the necessary details of the material item being procured to be entered and tracked throughout the procurement process.
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Consider the following cash flows:Year Cash Flow2 $22,000 3 40,000 5 58,000 Assume an interest rate of 8.8 percent per year. If today is Year 0, what is the future value of the cash flows five years from now?
Answers
The future value of the cash flows five years from now is $102,927.20.
The future value of the cash flows five years from now can be calculated by using the future value interest factor. The future value interest factor is used to calculate the value of a sum of money at a given date in the future based on the assumed interest rate and the number of compounding periods.
In this case, the interest rate is 8.8 percent per year, and the future value of the cash flows will be five years from now. Using the future value interest factor, the future value of the cash flows five years from now is calculated to be $102,927.20. This value is derived by adding the present value of each cash flow, multiplied by the future value interest factor.
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