The bad debt expense on the income statement represents the estimated amount of uncollectible accounts for the period.
This amount is calculated based on the company's historical collection experience, industry trends, and other relevant factors. On the other hand, the allowance for doubtful accounts on the balance sheet represents the amount that the company has set aside as a reserve for potential bad debts.
This amount is based on the company's overall accounts receivable balance and the estimated percentage of accounts that may become uncollectible.
The reason why the bad debt expense on the income statement is typically less than the allowance for doubtful accounts on the balance sheet is because the allowance is a cumulative amount that reflects all potential bad debts, while the bad debt expense only represents the current period's estimated amount.
Over time, the total amount of bad debt expense will likely be higher than the allowance as more accounts become uncollectible and are written off.
However, in any given period, the bad debt expense may be less than the allowance if the company's collections are better than anticipated or if they have a conservative approach to setting aside reserves for bad debts.
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bruce is allotted $22 per week to buy fishing equipment and ammunition. what is the opportunity cost if he spends all $22 on fishing equipment?
The opportunity cost of spending all $22 on fishing equipment depends on whether Bruce needs ammunition to go fishing and the potential benefits that he may give up by not having any ammunition.
Opportunity cost refers to the benefits that a person gives up when choosing one option over another. It is the cost of forgoing the next best alternative. In this case, if Bruce spends all $22 on fishing equipment, he will not have any money left to buy ammunition. Therefore, the opportunity cost of spending all $22 on fishing equipment is the potential benefit that Bruce could have received if he had chosen to spend some of the money on ammunition instead.
The opportunity cost of spending all $22 on fishing equipment could be significant if Bruce needs ammunition to go fishing. For example, if Bruce goes fishing in an area with a lot of fish, but he does not have enough ammunition to catch them, he will not be able to take advantage of the opportunity to catch more fish. In this scenario, the opportunity cost of spending all $22 on fishing equipment would be the potential benefit of catching more fish that he missed out on by not having any ammunition.
Alternatively, if Bruce does not need ammunition to go fishing, then the opportunity cost of spending all $22 on fishing equipment would be relatively low. In this case, the potential benefit that Bruce gives up by not buying ammunition would be limited to any potential opportunities to hunt or shoot that may arise while he is fishing.
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Incaviglia Company sold 400 copymaking machines in 2014 for $3,000 apiece, together with a one year warranty. Maintenance on each machine during the warranty period averages $330. Instructions –Prepare entries to record the sale of the copiers and the related warranty costs, assuming that the accrual method is used. Actual warranty costs incurred in 2014 were $24,000
Assuming that the accrual method is used, the entries to record the sale of the copiers and the related warranty costs of the Incaviglia Company, are prepared below:
How do you use the accrual method?According to the accrual approach, regardless of when you are paid, you record business income when a sale occurs, whether it be the delivery of a product or the performance of a service on your end. Even though you might not pay for the goods or services until thereafter, you must record the expense as soon as you receive them. The matching principle, which states that revenues and expenses should be recognized in the same period, is followed by the approach.
Date Account Debit $ Credit $
1 Account receivable/cash 1,200,000
sales revenue [400 × 300] 1,200,000
2 Warranty expense [400 × 300] 132,000
Accrued warranty liability 1,200,000
3 Accrued warranty liability 24000
Cash 24000
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Unstable export markets, worsening terms of trade, and limited access to the markets in advanced countries are just a few of the problems that have plagued developing nations in africa, asia, latin america, and the middle east. for example, developing countries have worsening terms of trade because of _________________--. developing nations have formed international commodity agreements (icas) between leading producing and consuming nations of commodities. to promote stability in commodity markets, icas have relied on production and export controls, buffer stocks, and multilateral contracts. for example, setting a minimum price for importers may help to ____________.
Developing countries have worsening terms of trade because of declining commodity prices, fluctuations in exchange rates, and protectionist policies in developed countries.
Setting a minimum price for importers may help to ensure that producers receive a fair price for their commodities and prevent them from being exploited by buyers who may use their market power to drive down prices.
International commodity agreements (ICAs) have been used as a policy tool to address the challenges faced by developing countries in international trade since the 1950s. These agreements are designed to promote cooperation between producing and consuming countries, regulate supply and demand, and stabilize prices in commodity markets.
ICAs are typically formed between a group of leading producers and consumers of a specific commodity. For example, the International Coffee Agreement is an ICA that includes over 70 coffee producing and consuming countries. These agreements are designed to provide benefits for both producers and consumers. Producers benefit from more stable prices and increased revenue for their exports, while consumers benefit from greater supply security and more predictable prices.
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write any four method any two challenges of federal system?
\(\huge\bold\red{Answer:-}\)
✭The purpose of this collection is to discuss what we may learn from thinking about the EU in federal terms.
✭Our point of departure is that this represents a two-fold challenge.
✭It is on the one hand a matter of establishing ‘how federal’ the EU is (the EU’s federal challenge).
✭On the other, the EU has federal features but is not a state; thus raises the question of whether federal theory and practice may have to be adapted to take proper account of the EU (the EU’s challenge to federalism).
✭The contributions to this collection supplement and extend existing scholarship through focusing on two important lines of inquiry.
✮The first focuses on the relationship between federalism and democracy, with particular emphasis on how federal systems respond to and deal with citizens’ interests and concerns, within and outside the political system.
✮ Particular emphasis is placed on representation, in the process of federalization, and as a feature of established systems.
✮The second line of inquiry places the emphasis on the relationship among the governments of federal systems.
✭The focus is on intergovernmental relations, and the particular merits that emanate from studying these from a federal perspective.
HOPE IT HELPS❤Answer:
Constitutional provisions are used by political parties to hide the real issues of corruption, fraud etc.Central government and State Governments’ indifference and apathy towards constitutional scheme of federal structure.Tussles between the agencies of central government and those of state governments stress the cohesive functioning of centre and states.Which tool of monetary policy allows the Federal Reserve to increase the
money supply?
A. Increasing the discount rate on short-term loans
B. Selling treasury securities on the open market
C. Reducing the reserve requirement on banks
D. Raising interest on reserves paid to banks
Answer:
C. Reducing the reserve requirement on banks
Explanation:
The Federal Reserve( Fed) expects commercial banks to maintain a percentage of customer deposits in their custody. The amount that the banks keep is known as reserves. The Fed sets the percentage of deposits to be held as reserves. The Fed may adjust this percentage in line with its monetary objectives.
By reducing the reserve requirements percentage, commercial banks remain with a bigger portion of deposits that they lend out. It means banks will issues out more loans to customers. An increase in lending adds more money to the economy. Reducing the reserve requirement increases the money supply in the country.
Identify the stage of the new product development based on the given scenario
Answer:
Product Development Stage
Explanation:
Killian's board game is in the Product Development Stage.
This stage is the first part of the Product Life Cycle. In this stage, research on the target market and product positioning are carried out. It is at this stage that market research, distribution channels and competitor analysis are carried out and thoroughly outlined. Also, product validation is carried out. This involves getting feedback from test users concerning the use of the product.
So, this stage is Product Development Stage.
Résumés should be written in complete sentences.
Please select the best answer from the choices provided
TRUE OR FALSE?
ANSWER: FALSE
Answer:
false lol thx
Explanation:
Fe2O3 + 3 CO → Fe + 3 CO2
Answer:
product 2FeO3+3CO2
Explanation:
which word best describes the writing process in business writing ?
Answer: Brainstorm Pre-write. Write rough draft. Peer-review. Revise ideas. Edit Publish Establish constructive purposes for student writing. Find real audiences, beyond the teacher, for students' writing
what do you mean by Business Risk ??
Answer:
Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. Anything that threatens a company's ability to achieve its financial goals is considered a business risk.
Explanation:
hope it is helpful for you keep smilingAnswer:
hi r u Korean
Explanation:
I love koreans
Find two cases of life insurance fraud. Write a paragraph for each one explaining the details given. (how was the fraud committed, what was the purpose, how the person was caught, what happened as a result, etc.) Next, find one case of health insurance fraud and look up the same information.
Answer:
Health identity theft is when criminals steal victims names.
Explanation:
health insurance numbers and other personal data and then defraud insurers by making false claims. To combat the problem, some medical ...
EXERCISES
Matching Match each term in Column A with its definition in
Column B.
>
Column A
1. economics
2. goods
3. services
4. producers
5. consumers
6. resources
7. scarcity
8. opportunity cost
Column B
a. go into making goods and services
b. one good or service given up in order to get
another
c. business owners, managers, and workers
d. things of value that cannot be seen or touched
e, the study of the choices people make as
producers and consumers
f. things of value that can be seen and touched
g. those who buy or use goods and services
h. limited supply of goods and services
Answer: See explanation
Explanation:
a. go into making goods and services = Resources
b. one good or service given up in order to get another = Opportunity cost
c. business owners, managers, and workers = Producers
d. things of value that cannot be seen or touched= Service
e, the study of the choices people make as producers and consumers = Economics
f. things of value that can be seen and touched= Good
g. those who buy or use goods and services = Consumers
h. limited supply of goods and services = Scarcity
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Over time, as our financial system expands and develops additional sources of financing for small- to medium-sized firms, such as asset backed securities, the bank lending channel would become larger
The given statement that "Over time, as our financial system expands and develops additional sources of financing for small- to medium-sized firms, such as asset-backed securities, the bank lending channel would become larger" is true.
The bank lending channel is a mechanism through which changes in the central bank's policy rate influence bank lending to firms and households. Asset-backed securities are secured by financial assets such as receivables or loans. A credit enhancement structure is used by some asset-backed securities to improve the credit quality of the security.The expansion and development of additional sources of financing, such as asset-backed securities, will contribute to the expansion of the bank lending channel.
The bank lending channel will expand over time as the financial system grows and develops additional financing sources for small and medium-sized companies, such as asset-backed securities.Asset-backed securities are financial instruments that are secured by a pool of loans, leases, or receivables. These are generally nontraditional sources of financing for small- to medium-sized businesses. In addition to traditional bank loans, these financial instruments offer firms with additional financing choices. This not only decreases the risk of dependence on one source of funding, but it also contributes to the growth of the bank lending channel.
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A goal that you want to achieve by next year is which type of goal?
A.
Short-term
B.
Intermediate
C.
Long-term
D.
Lifestyle
If a firm has the opportunity to invest money at a 10 nnual rate of return then having $100 invested in inventory for a whole year has what opportunity cost of capital?
The opportunity cost of capital for holding $100 invested in inventory for a whole year is the potential return that could have been earned by investing that $100 elsewhere, which is the 10% annual rate of return.
The opportunity cost of capital refers to the return that could have been earned by utilizing funds in an alternative investment. In this case, if the firm has the opportunity to invest money at a 10% annual rate of return, then that becomes the opportunity cost of capital.
By holding $100 in inventory for a year instead of investing it elsewhere, the firm foregoes the potential earnings of that money at the 10% rate of return. Therefore, the opportunity cost of capital for holding the $100 in inventory is the amount of return that could have been earned, which is 10% of the initial investment.
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Macomb corporation purchases inventory on account for $75,000. the journal entry for this transaction would:_____.
The journal entry for this transaction would:
Dr. Inventory $75,000
Cr. Accounts payable $75,000
What does purchase on account mean?
Purchase on account means that the inventory purchased was on credit basis, which means that Macomb corporation only promises to pay $75,000 owed due to inventory purchase at a later time.
The appropriate journal entry is to debit the inventory account, which is the receiving account where the accounts payable(representing the supplier) is credited since the giving account is to be credited.
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mom???????????????????????
mom ??????????????????????
Answer:
Go back to bed sweetie, here some fruit snacks now go to sleep.There are no monsters under your bed honey.
Explanation:
Have a great day.
State two ways by which hotels may promote sales during the off season
Answer:
Use off-season imagery on your website. ...Create content dedicated to the off-season. ...Build content around weddings, meetings, sporting events. ...Update your ad copy with off-season friendly verbiage. ...Create campaigns that market off-season amenities...Explanation:
Hope it helps u
FOLLOW MY ACCOUNT PLS PLSA manager who is reactive and works hard to address problems after they occur is known as a . (a) problem seeker (b) problem avoider (c) problem solver (d) problem manager
Answer:
(c) problem solver
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.
Hence, a manager who is reactive and works hard to address problems after they occur is known as a problem solver.
This ultimately implies that, a problem solver proffer solutions to a problem after it has occurred already. Problem solver are reactive rather than being proactive by preventing or mitigating the possibility of a problem arising.
An S corporation does not recognize a loss when distributing assets that are worth less than their basis. a) True b) False.
b) False. An S corporation does recognize a loss when distributing assets that are worth less than their basis.
When an S corporation distributes assets with a fair market value lower than their adjusted basis, it results in a loss for the corporation. This loss can be recognized and used to offset other income or gains of the S corporation, reducing its taxable income. It is important to note that shareholders of the S corporation may have limitations on deducting the loss on their personal tax returns. Loss refers to a financial outcome where the expenses or costs incurred by an individual, business, or entity exceed the revenue or income generated. It represents a negative result in terms of financial performance. Losses can occur in various contexts, such as in business operations, investments, or personal finances. In business, losses can result from factors such as low sales, high expenses, inefficient operations, or unfavorable market conditions. They can impact profitability and financial stability, and businesses often aim to minimize or mitigate losses through strategic planning, cost control, and risk management.
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Following FashionSia's shift in competitive strategy, what are some considerations for the company's human resource management practices? 2. As a Human Resource practitioner, propose a holistic approach towards designing the compensation and benefits program at FashionSia.
FashionSia's shift in competitive strategy, some considerations for the company's human resource management practices include aligning employee skills and competencies with the new strategy, providing training and development programs to enhance employee capabilities.
How can a holistic approach be proposed for designing the compensation and benefits program at FashionSia?As a Human Resource practitioner, a holistic approach towards designing the compensation and benefits program at FashionSia would involve considering various factors.
This includes conducting a thorough analysis of the company's internal and external market conditions, benchmarking industry standards for compensation and benefits, ensuring internal equity and fairness, promoting a total rewards philosophy that encompasses financial and non-financial incentives, offering competitive salary structures, flexible benefits packages, performance-based rewards, and employee recognition programs.
Additionally, the approach should emphasize transparent communication, employee engagement, and regular evaluation of the program's effectiveness to ensure it aligns with the company's strategic objectives and attracts, motivates, and retains top talent.
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ad hominem
red herring
false dilemma
false analogy
Excerpt
Logical
Fallacy
Our current mayor has been in politics for over 25 years. It is time
that we have a younger mayor, so we can have fresh ideas to make our city better.
is true that the city council id approve a tax for a new road
construction project. However, our city needs to attract more businesses to stabilize
our economy
bring to work instead of using public transportation is the net
eating everything on your plate it wastes veueble resources
You have learned about a noncash expense in a previous lesson, what was it? HINT: it relates to the company's use of its equipment
Answer:
Non cash expenses are the charges incurred by a company that educes the earnings and not the cash flows of a company.
Explanation:
A non-cash charge is defined as the accounting expenses or the write down expenses which does not involve a cash payment. The depletion, depreciation, stock-based compensation, amortization and the asset impairments are the common non cash charges which reduces the earnings but not the cash flows.
Non-cash expenses relates to he use of a company's equipment and tools which is used to run the company and which encounters depreciation and a degradation in its value or cost. Thus they are considered as the non cash expenses of a company.
buenas noches es mi tarea de inglés alguien me puede explicar porfavor
He likes to teach, ________. *
does he?
doesn't he?
wil he?
won't he?
She's eating a piece of cake, _________. *
isn't she?
are she?
will she?
is she?
You don't work every day, ________. *
does you
don't you?
are you?
do you?
The car is clean, ________. *
isn't it?
is it?
are they?
aren't they'?
We can study geometry, _________. *
can't we?
can we?
do we?
don't we?
Answer:
doesn't he
isn't she
isn't it
can't we
Answer:
He likes to teach, doesn't he?
She's eating a piece of cake, isn't she?
You don't work every day, do you?
The car is clean, isn't it?
We can study geometry, don't we?
Explanation:
Soy un hablante nativo de inglés por lo que las respuestas deben ser correctas. Lo siento si mi español es incorrecto. Lo estoy aprendiendo en la escuela.
¡Espero que esto ayude!
A private pilot wishes to insure his airplane for $200,000. The insurance company estimates that a total loss will occur with probability .002, a 50% loss with probability .01, and a 25% loss with probability .1. Ignoring all other partial losses, what premium should the insurance company charge each year to realize an average profit of $500?
The insurance company should charge an annual premium of $2,520 to realize an average profit of $500.
To determine the premium that the insurance company should charge, we need to calculate the expected value of the losses and add the desired profit margin.
Given that the private pilot wishes to insure the airplane for $200,000, and the insurance company estimates the probabilities of different loss scenarios, we can calculate the expected value of the losses.
The expected value of a loss is calculated by multiplying the loss amount by its corresponding probability and summing up all the expected losses.
Expected Loss = (Loss Amount) * (Probability)
Total Expected Loss = (0.002 * 200,000) + (0.01 * 0.5 * 200,000) + (0.1 * 0.25 * 200,000)
= 400 + 1,000 + 5,000
= 6,400
To realize an average profit of $500, the insurance company should charge a premium that covers this expected loss and includes the desired profit margin.
Premium = Expected Loss + Desired Profit
= 6,400 + 500
= 6,900
Therefore, the insurance company should charge an annual premium of $6,900 to achieve an average profit of $500.
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Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 10 percent. If the dividend per share just paid was $1.52, what is the stock price?
Answer:
Price of stock = $74.636
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity
Present value of dividend from year 1 to 8
The PV of the growing annuity = A/r-g) ( 1- (1+g)/(1+r)^n )
A- dividend payable now , r- required of return, g-growth rate, number of years
PV = 1.52×(1.19)/(0.1-0.19) × (1 -(1.19/1.1)^8)= 17.605
PV of Dividend from year 9 and beyond:
P = D× g/(r-g)
This will be done in two steps:
Step 1: PV(in year 8)of dividend = (1.52× 1.19^8× 1.05)/(0.1-0.05)= 122.250
Step 2 : PV in year 0 = 122.25× 1.1^(-8)= 57.030
Price of stock = 17.60 + 57.030= 74.63
Price of stock = $74.636
Why is it helpful to include milestones when setting personal performance goals. a) Including milestones allow one to explore many diverse interests before setting personal performance goals. b) Including milestones sets a long-term vision of where one wants to be in ten years. c) Including milestones allows one to use several short-term achieveable tasks to achieve one long-term goal. d) Including milestones allows one to measure one's performance in miles.
Answer:
c) Including milestones allows one to use several short-term achieveable tasks to achieve one long-term goal.
Explanation:
In this regard, we can relate the inclusion of milestones when defining personal performance goals to SMART goals, which is a method used to better target which actions will lead to the achievement of your goals and objectives.
SMART goals include milestones that allow you to use a variety of short-term, achievable tasks to achieve a long-term goal.
The acronym SMART stands for: Specific, Measurable, Achievable, Relevant and Time-based.
Which implies that the goals must be specific, they must be planned as clearly as possible. Measurable because they must be measured and monitored to analyze the performance of the tasks required to reach the goal. It must also be attainable, which means that the goal must be planned only if there are real possibilities to be achieved. Relevant to achieving motivation and ultimately time-based, as every goal must have a deadline for reaching it.
Answer:
c
Explanation:
Why would an insurance company charge an inexpensive copay when considering claims that will likely be hundreds or thousands of dollars?
In one of the training sessions in your company, you notice several members are not from the United States. These members are also reticent and not contributing to the session. What technique can you use to encourage these members to voice their opinions?
A. brainstorming
B. passing the clipboard
C. go-round
D. whole-group discussion
Answer:
Go-round
Explanation:
It is not uncommon that some people can be reticent and not contributing to discussion during a session. This does not mean that such people do not have anything to contribute but may just be shy .
One technique to encourage these members to express their opinion is by employing the go - round discussion method. This can give them the courage to voice their opinion when it is their turn to speak