Leo Co. uses the allowance method to account for bad debts. At the end of the year, Leo Co.'s accounts receivable balance is $25,000; allowance for doubtful accounts balance of $100 (credit); and sales of $500,000. Based on history, Leo estimates that bad debts will be 2% of accounts receivable. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:
The bad debts expense for the year to be debited will be $600.
Adjusted balance of the Allowance for Doubtful Accounts = Accounts receivable * 2%
Adjusted balance of the Allowance for Doubtful Accounts = $25,000 x 2%
Adjusted balance of the Allowance for Doubtful Accounts = $500
Unadjusted balance of the Allowance for Doubtful Accounts = $100
Amount of bad debt expenses = Adjusted balance of the Allowance for Doubtful Accounts + Unadjusted balance of the Allowance for Doubtful Accounts
Amount of bad debt expenses = $500 + $100
Amount of bad debt expenses = $600
Therefore, the bad debts expense for the year to be debited will be $600.
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Answer:$400
Explanation:
By the end of the nineteenth century, the United States banking system transitioned from
By the end of the nineteenth century, the United States banking system transitioned from bimettalism to flat greenback currency.
Bimetallism involves the use of gold and silver as a form of legal tender. The worth of the quantity of the gold and silver is usually presented as a form of exchange to buy the equivalent of the goods and services.
The change was done close to the civil war and this helped to stabilize the economy as the silver coinage was exempted thereby giving rise to displeasure of people who had Silver. The aim of this change was achieved as inflation was stopped.
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Which statement best describes the relationship between inflation and
savings?
A. As savings grow faster than inflation, the savings will buy less.
B. As inflation increases faster than savings, the savings are worth
less.
O C. As savings grow slower than inflation, the savings will buy more.
D. As inflation decreases faster than savings, the savings are worth
more.
Answer:
B. AS savings grow fast than inflation, the savings the savings are worth less.
Explanation:
This is because Over time, inflation can reduce the value of your savings, because prices typically go up in the future. This is most noticeable with cash. If you keep $10,000 under your bed, that money may not be able to buy as much 20 years into the future.
The statement that best describes the relationship between inflation and savings is that: As inflation increases faster than savings, the savings are worthless.
What is Inflation?Inflation can be defined as a decrease in the purchasing power of money that is reflected in a general increase in the prices of goods and services in an economy.
The relationship between inflation and savings can be described as a point where inflation increases faster than savings, the savings would be worthless.
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Segment margin is equal to sales revenue less all costs attributable to a segment that ______. Multiple choice question. is the same thing as contribution margin is calculated as part of a special-order decision includes both direct and common fixed costs includes both variable and direct fixed costs
Answer:
includes both variable and direct fixed costs
Explanation:
when the federal reserve conducts open-market operations to increase the money supply, it
When the federal reserve conducts open-market operations to increase the money supply, it buys or sells government bonds. The money supply increases when buys bonds and decreases when sells bonds.
An open market operation is an example of monetary policy. Monetary policy are the policies undertaken by a country's central bank in order to affect the level of aggregate demand in the economy.
An open market operation is the sale or purchase of government bonds. When the Fed sells bonds, its is known as an expansionary monetary policy because it increases the supply of money in the economy. On the other hand, when the Fed buys bonds, it is known as a contractionary monetary policy because it decreases the supply of money in the economy.
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Which situation best illustrates the economic concept of opportunity cost?
A. A business has to change its production methods to meet
environmental regulations.
B. A business hires a new programmer, so it can't afford to hire a new
salesperson.
C. A business decides to expand by borrowing a lot of money from
an investor
D. A business opens branches overseas, so it has to hire more
multilingual staff
In today's global market, opportunity cost is when a company hires a new coder but cannot afford to engage a new salesperson. Therefore, option B is correct.
What is an opportunity cost?When a decision must be made between numerous mutually exclusive options due to limited resources, the opportunity cost of that decision is the value of the best alternative forgone.
Opportunity cost follows directly from the shortage. While determining how to spend their money and time, people must make decisions from various options.
The potential benefits that a person, investor, or business forgoes while choosing between two possibilities are known as opportunity costs. Opportunity costs are easily disregarded because they are by nature invisible.
Opportunity cost is the difference between the value of a different option and the value of the selected one. Opportunity cost is a notion used in decision-making to assist people and organisations in making better decisions, primarily by considering alternatives.
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________ processes span an organization and support activities in multiple departments.
Answer:
Enterprise processes span an organization and support activities in multiple departments.
which of the following identifies the goods or services of a specific business, person, or organization?
The term that helps in identification of goods as regards this question is B: Trademark.
A trademark can be regarded as an intellectual property, which helps in offering of protection for a brand.It identity the source where the goods/service comes from, and distinguish it from someone else business.Therefore, option B is correct.
CHECK THE COMPLETE QUESTION;
Which of the following identifies the goods or services of a
specific business, person, or organization?
Trademark
License
Fair use designation
Copyright
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what is the searching of trade?
Answer:
shares are traded on a stock exchange
who invented the selfie stick what purpose does it serve
Answer:
In 2005, selfie sticks were invented by Wayne Fromm, and the purpose of the selfie stick was to take photographs or videos by positioning a digital camera device beyond the normal distance of an arm. The device will also allow selfie-takers to affix their phones to a wall and stand away while snapping a picture. After the photo is taken, users will be able to easily remove their phones from the wall without leaving a trace.
Hope it helps you. :)
What is a Selfie
Selfie is a self-portrait picture diverted from the Aussie Language in Australia
A selfie stick is used to take photographs or videos by positioning a digital camera device, typically a smartphone, beyond the normal range of the arm. This allows for shots to be taken at angles and distances that would not have been possible with the human arm alone.
a device in the form of a rod on which a camera or smartphone may be mounted, enabling the person holding it to take a photograph of themselves from a greater distance than if holding the camera or smartphone in their hand.
Answer:
Who Invented Selfie Stick
Wayne Fromm
What Purpose does The Selfie Stick Serve?
to take photographs or videos by positioning a digital camera device, typically a smartphone, beyond the normal range of the arm.
Answer:
The selfie stick was invented by a Canadian inventor named Wayne Fromm in the early 2000s. The purpose of a selfie stick is to extend the reach of a smartphone or camera so that the user can take a picture of themselves (a selfie) or a group photo with a wider angle without having to ask someone else to take the picture for them.Selfie sticks have become popular since they allow people to capture better photos of themselves with a background they would like to showcase. They are portable, easy to use and can be adjusted to different lengths.
when does the right to enforce patent protection begin
higgins enterprises is accepting notes receivable from four customers for $18,000 each. which customer will end up paying the least in interest, assuming all individuals pay in full on the maturity date?
Answer:
328.5
Explanation:
18000*annual interest rate*days/360
18000*7.3%*90/360 = 328.5
Based on the amount accepted as notes receivables and the interest rates, the individual that will pay the least interest is Individual 3.
Individual 1: Individual 2:
= Amount x Interest x Period / year = 18,000 x 5.98% x 1 year
= 18,000 x 6.75% x 4/12 months = $1,076.40
= $405
Individual 3: Individual 4:
= 18,000 x 7.3% x 90/365 days = 18,000 x 7.15% x 8/12 months
= $324 = $858
In conclusion, Individual 3 will pay the least interest.
The customers in question are:
A. Individual 1 has an annual interest rate of 6.75% and a maturity date of four months.
B Individual 2 has an annual interest rate of 5.98% and a maturity date of one year.
C Individual 3 has an annual interest rate of 7.3% and a maturity date of 90 days.
D. Individual 4 has an annual interest rate of 7.15% and a maturity date of eight months.
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Kelly is 28 years old and lives in California. This year 2019 tax year, Kelly bought a new auto for $20,000 plus 1,650 in state and local sales taxes. Besides this sales tax, Kelly also paid $8,260 in state income taxes mortgage interest of $5,500 (400,000 acquisition indebtedness on her residence). If Kelly files single with AGI of $56,000, what amount of itemized deductions will she be eligible to claim
$8260 + $5500= 13,760 State income taxes, but not sales taxes,
We best learn from other people's struggles, successes, and stories.
True
O False
Answer:
true bhe
Explanation:
syempre natututo rin tayo sa mga pagkakamali ng iba dahil sa pagkatuto natin alam na natin yung gagawin natin para maiwasan ang pagkakamali nila.
Answer:
true
Explanation:
A company's ____________ is the percentage of the total target market for the product that belongs to the company.
__________________________
→ A.Market saturation
→ B.Market share
→ C.Brand image
→ D.Market information
_________________________
THANKS!
-----------------------------------------------
Answer:
Market Share
Explanation:
Market share is the percentage of total output/revenueA company's Market Share is the percentage of the total target market for the product that belongs to the company.Answer:
A company's market share is the percentage of the total target market for the product that belongs to the company.
3
Tina wants to purchase new pair of shoes for 95$ and a jacket for 100$.
She has a credit card to use. What are her alternatives? *
O jacket and 100$
O shoes and jacket
credit card and 100$
none of the above
None of the options shows an alternative Tina has, a real alternative would be a credit card and cash ($190)
In economics, an alternative is an element that replaces or substitutes another. For an element to be considered an alternative it needs:
To belong to the same category or have the same function.To be possible for the user to replace the first element using the alternative.Based on this, let's analyze each of the options:
Jacket and $100: These are not alternatives because Tina wants a jacket and this product cannot be replaced with money as money will not protect Tina from cold weather.Shoes and a jacket: These are not alternatives because Tina wants the two products not only one.Credit card and $100: These would be alternatives if the total cost was $100. However, using a credit card Tina can pay for both products but using $100 she can only pay for one of the products.Therefore, the options do not present alternatives; but one valid alternative is a credit card and $190.
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whats some work values for being a nail tech
Answer:
Explanation:
Flexible schedule. One of the main advantages of being a nail professional is that you can always work on a flexible schedule. Customer satisfaction. This is one arena in the beauty industry where you have the power to enhance the self-esteem of a person. Interactive field. As a nail technician you meet a number of people who are engrossed in the fashion industry apart from your customers. Lucrative field. A nail technician career is quite rewarding as the fashion industry is ever evolving with new designs, styles, colors, shapes and so forth.PATIENCE WITH MANICURE CUSTOMERS!!A successful nail technician has the patience to work diligently and pay close attention to the details. Your patience to thoroughly trim your clients’ nails, care for their cuticles, and apply polish will demonstrate your dedication.
CUSTOMER SERVICE!!Every nail technician knows how to engage in conversation with their clients and provide them with high quality results.
Treat them to the level of service that they’d be proud to tell their friends and family about!!!Which foodborne illness is accociated with shell fish
Answer:
Hepitatis A
Explanation:
which of these is a criterion used to select a target market segment?
Answer:
the first one by the website
Explanation:
the websites name is the eustions name
Expected growth of a segment of these is a criterion used to select a target market segment. Thus, option (e) is correct.
What is segmentation?
Segmentation is the process of target market into groupings of potentiality customers choices and the needs. There are the different parts such as psychographic, geographic segmentation, demographic, and behavior.
The segmentation of the target market are the target this consumer was the related to the particular product and the services. The target market segment size of the population, expected growth of a segment, competitive position in the market, cost to reach, and characteristic.
As a result, the significance of the segmentation are the aforementioned. Therefore, option (e) is correct.
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Your question is incomplete, but most probably the full question was.
similarity of needs of potential buyers within a segmentmeasurements of customer perceptionsdifference of needs of buyers among segmentspotential of a marketing action to reach a segmentexpected growth of a segmentwhich country in the world consumes the most coca-cola per capita?
Answer:
Mexico
Explanation:
Mexico.
of the 4 companies listed below, which company is more likely to use specific identification to value its inventory and cost of goods sold?
The question did not supply the four listed companies.
However, the companies that usually use the specific identification methods to value their ending inventory and the cost of goods sold are the companies that trade unique and high-value goods.
For a piece of jewelry, each item is usually unique, and they are not mass-produced. Such a company can use the specific identification to track the cost of each item. Companies selling heavy equipment can also use the specific identification method to value their inventory.
Thus, the specific identification method enables the company to determine the cost of its ending inventory and the cost of goods sold.
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to ________, lance, an hr manager, shares his company’s job openings on social media and online job postings.
Firms or organizations always recruit from external sources to fill vacancies in their firm. To recruit from outside organization, Lance, an hr manager, shares his company's job openings on social media and online job postings.
External recruitment uses assessment of an available pool of job candidates, to find skilled or qualified to fill and perform existing job vacancies.It entails searching outside of the current employee pool to fill open positions in an organization.
A company always source from outside hire.Through outside recruitment, a firm can invigorate their organization with fresh talent.
Conclusively, Employee Referrals. Networking (Informal, Formal) Job Fairs (Online and Virtual) are some ways to source from outside organization.
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plz help 25 points!!!
Answer:
I thinks its b
Explanation:
How many corporations still offer their employees a pension plan
10%
50%
12%
20%
Select all the correct answers.
Which two expenses are considered variable expenses?
car loan payment
car fuel
o grocery bill
O mortgage payment
O property taxes
Explanation:
1: mortgage payment
2: property taxes
Karen is the next employee scheduled to attend 3 weeks of training in another state. Her employer knows the training will disrupt Karen's family life. The employer arranges cell phone service and Internet access for Karen to communicate daily with her family while she is away. Other coworkers tell Karen how useful the training has been, and that the time away goes quickly. By supporting Karen, the coworkers and the employer are improving Karen's _______ to learn.
By supporting Karen, co-workers and the employer are improving Karem's willingness to learn during her training, which is positive behavior that encourages and motivates the employee.
Training helps in the development of employees, makes them more motivated, creative and consequently productive, which is an essential advantage for companies to remain competitive and profitable.
Team behaviors also demonstrate an organizational culture favorable to collaboration, understanding and the development of employee skills and competencies.
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lon 4 of 20
What is profit?
A. Money remaining when all expenses except salaries, rent, and
taxes have been paid.
B. Money lost after all other business expenses, including salaries,
rent, and taxes have been paid.
C. Money invested after all business expenses, including salaries,
rent and taxes have been paid.
D. Money remaining when all other business expenses, including
salaries, rent, and taxes, have been paid.
SU
Which account will have the highest annual percentage yield (APY)?
A. One that is compounded yearly.
B. One with simple interest that is calculated monthly.
C. One with simple interest that is calculated yearly.
D. One that is compounded monthly.
The account that will have the highest annual percentage yield (APY) is the "One that is compounded monthly."
This is because, generally, the compound interest account earns more money than a simple interest account.
This is because, in a compound interest account, you not only earn interest on your original money, you also earn interest on the profit you earned or accumulated.
Hence, given that the regular or frequently your money and profits increase or compound, the higher your whole account would increase at the end of the year.
Therefore, in this case, it is concluded that the account compounded monthly will have the highest annual percentage yield (APY) because the whole money is multiplied frequently or monthly.
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100 points
Aurora has been working on a visual for her sales presentation to her senior management team. She has tested it with a few coworkers. It took them several minutes to understand the message she’s trying to convey. Which two options should Aurora consider to improve the effectiveness of her presentation?
A. Use black and white instead of colors.
B. Simplify the visual.
C. Remove the visual from the presentation.
D. Use a different graphic or chart.
E. Make the title of the visual longer.
Answer:
D.
Explanation:
dallas buys strawberries, and he would be willing to pay more than he now pays. suppose that dallas has a change in his tastes such that he values strawberries more than before. if the market price is the same as before, then:
Answer:
the correct answer is b. Dallas's consumer surplus would increase
Explanation:
Dallas buys strawberries, and he would be willing to pay more than he now pays. He has a change in his tastes such that he values strawberries more than before. If the market price is the same as before, then Dallas's consumer surplus would increase.