Answer:
Dr Bad Debt Expense $28,000
Cr Allowance for Doubtful Accounts $28,000
Explanation:
Preparation of the December 31,2015, journal entry to record bad debt expense.
Based on the information given the December 31,2015, journal entry to record bad debt expense will be :
Dr Bad Debt Expense $28,000
Cr Allowance for Doubtful Accounts $28,000
($1,400,000 *2%)
(To record bad debt expense)
Match the action needed to increase profits with the reason a business might fail.
A small company, especially a store, usually has a better chance of succeeding if it is in an area with other businesses because it can draw in new customers.
A) poor management
B) competition
C) bad location
D) finances
Answer:
C, bad location
Explanation:
Competition is needed for a successful company otherwise monopolies rise and so can potential prices. The reason a business might fail is bad location so to counter this they can move to a more densely populated area.
Bad location is the action needed to increase profits with the reason a business might fail. The correct is option C.
Why is the location of a store important?It's a popular belief that finding a decent location is essential for drawing clients. Supply and distribution are also made simpler at a conveniently positioned store. The ability of a retailer to sell itself and contend with the competition it faces from other businesses can be influenced by location.
The greatest employees are hard to find and keep, and many are quite particular about where they work in order to achieve the ideal work-life balance. A company's performance over the long run can be considerably improved by wise location choices. Poor ones can cost millions in lost capital, talent, and production.
Thus, the ideal option is C.
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1) Robolane Incorporated manufactures and distributes small robotic toys. Because most of its orders are via telephone or fax, numerous orders have to be reworked. The average cost of the reworked orders is $12.45: $5 for labor, $5.15 for more materials, and $2.30 for overhead. This ratio of costs holds for the average original order. On a recent day, the shop reworked 80 orders out of 800. The original cost of the 80 orders totaled $2,000. The average cost of all orders is $26.245, including rework, with an average selling price of $35. Required: Prepare the necessary journal entry to record the rework for the day if the shop charges such activities to Robo Department Overhead Control. Prepare journal entries to record all relevant rework charges as well as to transfer the reworked items finished goods to Finished Goods Inventory.
Answer:
Following are the Journal entries to the given question:
Explanation:
Accounts Dr Cr
Robo Department Overhead Control 996
Materials Control [tex](80 \times 5.15) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 412[/tex]
Wages Payable [tex](80\times 5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 400[/tex]
Shop overhead control[tex](80\times 2.30) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 184[/tex]
Finished Goods [tex]2000[/tex]
Work in process control [tex]2000[/tex]
When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answer:
this is true hope this helps
Explanation:
True or False
Excessive inventory ties up your money so that you cannot use it elsewhere in your business.
Answer:
True
Explanation:
An inventory cost can be defined as all costs such as carrying cost, stock out (shortage) cost and ordering cost that are associated with the procurement, holding (storage) and management (handling) of inventory.
Raw materials inventory comprises of the overall cost of all resources such as component parts that a business has in stock which haven't been used for production of finished goods or work in process.
Excessive inventory arises when stocks or products are kept for a very long period of time, haven failed in selling them to consumers in a timely manner. Thus, any unsold product that has exceeded the projected consumer demand is generally referred to as an excessive inventory.
Hence, excessive inventory ties up your money so that you cannot use it elsewhere in your business. This is usually as a result of stock obsolescence.
Victor is calling on Meridian Cabinetworks. His goal is to sell it a customized profile sander valued at about $3,500. He'd be willing to accept a Meridian purchase of one his firm's ready-made sanders, which sell for $2,000. Victor would really like to get the owner of Meridian to use the sander and to provide his company with a testimonial to help him get sales call appointments with other local wood workers. For Victor, the sale of the less expensive ready-built profile sander is his:
Do you think it was a good idea to sell Burger King ?
Answer:
There are pros and cons since burger kings its a big company of burgers but in the recent years not too many people is buying more from it, so selling it would be good since it is still an important and known name
Which of the following statements best expresses how courts treat legal
rules?
A. The court knows that the rules often contradict one another and
must not be taken too strictly.
B. Legal rules must always be upheld to the letter without exception
if law and order are to be maintained.
C. Rules are not important in matters of law because the spirit of
justice is what matters.
D. Rules often allow for exceptions based on the unique set of
circumstances of each case.
Answer:
B. Legal rules must always be upheld to the letter without exception if law and order are to be maintained.
Explanation:
I only just guessed but I hope this helped u.
Answer:
D. Rules often allow for exceptions based on the unique set of circumstances of each case
Explanation:
a p e x
How do job seekers use the bureau of labor statistics occupational outlook handbook
Answer:
They explore general information about many types of jobs.
Explanation:
Job seekers use the Bureau of labor statistics occupational outlook handbook in order to gain information about the various jobs available.
What is the Bureau of labor statistics?A federal organization within the United States Department of Labour that collects, analyses, and publishes labor market data in the United States is recognized as The Bureau of Labour Statistics (BLS) which plays a crucial role in industry governance.
The Bureau of Labour Statistics is responsible to published the Occupational Outlook Handbook (OOH) published which is a great resource for job seekers seeking information on various jobs and industries.
This section contains thorough information on the education and training needs for various vocations, as well as any extra qualifications required for success in the sector.
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Does anyone think im attractive just wanna know lol
Answer:
yes
Explanation:
Answer: yep you are!
Explanation:
Do BLACK LIVES MATTER??????!!!!!!!!!!
Answer:
OF COURSE THEY DO Y DONT PPL SAY ALL LIVES MATTER
Answer: YES .
Explanation:
An article in the New York Times about J.C. Penney's pricing strategy under former CEO Ron Johnson observes: "Penney had pulled up the anchor, only to see many of its customers sail away." Source: Stephanie Clifford and Katherine Rampell, "Sometimes We Want Prices to Fool Us," New York Times, April 13, 2013. In behavioral economics, an "anchor" is A. linking the price of one product to another product. B. relating an unknown value or price to another similar known value or price. C. setting the highest possible price for a product. D. setting the lowest possible price for a product.
Answer:
B. relating an unknown value or price to another similar known value or price.
Explanation:
Anchoring is the term used to describe a phenomenon where individuals after being exposed to a particular figure (in this case a price) tend to subsequently use that figure as a reference point.
Thereby fixing of future prices will be biased towards this figure.
In this instance an anchor was in place and kept the customers loyal. But when Penney pulled up the anchor, many of the ccustomerswent away.
The aggregate demand curve indicates the relationship between: 1. the real wage rate and the quality of resources demanded by producers of goods and services. 2. the interest rate and the amount of loanable funds demanded by borrowers. 3. the natural rate of unemployment and the demand for goods and services when the economy is in long-run equilibrium. 4. the general price level (CPI) and the aggregate quantity of goods and services demanded.
Answer: when demand increases, supply decreases and price increases
Explanation: law of supply and demand
A financial cooperative is a type of financial institution that is owned and operated
by:
Its members.
The state.
The president of the cooperative.
Answer: it's members
Explanation:
Cooperatives are private businesses or organization that are owned by it's own members, it's members are those who use or patronize it's product and services. They vary in size but irrespective of their sizes they are operated solely on members demand.
Financial cooperatives are no different from cooperatives just that they are banks owned and operated by it's member's.
In what year was the EEOC established
O
A. 1970
B. 1930
C. 2007
D. 1965
Answer:
D. 1965
Explanation:
The Civil Rights Act of 1964 is a civil rights and labor law in the United States of America that prohibits discrimination in employment, segregation in schools, and enforces the constitutional voting rights of the citizens.
The Civil Rights Act of 1964 was enacted by the 88th US Congress and signed into law on the 2nd of July, 1964 by President Lyndon B. Johnson.
The Equal Employment Opportunity Commission (EEOC) is a federal agency that was established by US Congress on the 2nd of July, 1965 based on the Civil Rights Act of 1964 so as to uphold and enforce all civil rights law against workplace discrimination by the employers or employees in the United States of America.
Equal Employment Opportunity Commission (EEOC) guidelines asserts that employers of labor wouldn't be held liable for national origin discrimination after implementing an "English-only" rule, if the employer can show that it is necessary for the following;
I. To communicate with customers who can speak English only.
II. To efficiently promote cooperative work assignments among teams (employees).
III. To enhance or facilitate safety during an emergency.
**ECONOMY**
Taxation that allows higher-income people to pay less of their income on taxes than lower-income people is called:
A. regressive taxation
B. progressive taxation
C. proportional taxation
D. indirect taxation
Answer:a
Explanation:
The placement of Starbucks cafés within Barnes & Noble bookstores has proven to be a successful strategic alliance because both companies benefit from this arrangement. As a global marketing strategy, an important characteristic of a strategic alliance is
A. the complete immersion of employees assigned to the alliance, eventually forming a separate company.
B. separation of company policies, procedures, and production, but unified financial accountability.
C. it must be a long-term venture of 10 or more years.
D. participant companies do not share costs or profits.
Answer:
D. participant companies do not share costs or profits.
Explanation:
A strategic alliance is the business relation that would be between two or more companies in order to accomplish their individual goals and objectives. In this, the companies would be work independently so that no one could interfere. The motive to create this is to gain a competitive advantage
So according to the given situation, the option d is correct
And, the rest of the options would be incorrect
The equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and higher than in perfectly competitive markets. lower than in monopoly markets and higher than in perfectly competitive markets. higher than in monopoly markets and lower than in perfectly competitive markets. lower than in monopoly markets and lower than in perfectly competitive markets.
Answer:
higher than in monopoly markets and lower than in perfectly competitive markets.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
I. Mutual interdependence between the firms.
II. Market control by many small firms.
III. Difficult entry to new firms.
An equilibrium quantity can be defined as a situation in which there are no surplus or shortage of finished goods in the market.
This ultimately implies that, there is an intersection between demand and supply i.e the amount of goods and services that the consumers are willing to buy is equal to the amount of goods and services that the producers are able and willing to supply at a specific period of time.
Hence, the equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and lower than in perfectly competitive markets.
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
In a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Viaduct Corporation used untested and risky construction techniques to build a bridge under budget. The techniques were legal but the bridge collapsed, killing several people. Viaduct actions were a. dangerous and so inherently illegal. b. unethical and may result in legislation to ensure it does not happen again. c. ethical because they were legal and so Viaduct owes no one. d. legal under Sarbanes-Oxley and so Viaduct will face no penalties.
Answer:
Unethical and may result in legislation to ensure it does not happen again
Explanation:
Ethics
This is generally defined as moral principles used by individuals in conducting themselves personally, socially, or professionally,in their actions and conversations.
Business ethics
This is simply known as set of rules based on moral principles about how businesses and employees ought to conduct themselves
A code of ethics are simply a set of guidelines for maintaining ethics in the workplace.
Assessing Ethical or unethical behavior by:
1. Gathering relevant factual information
2. Analyzing the facts to determine the right moral values
3. Making ethical judgment based on the rightness or wrongness of the proposed activity or policy.
help!!
list 5 importance of freedom
Answer:
people can do what they want (with limitations)
people can say what they want (with limitations)
people can believe in what they want
and thats all ive got. good luck on the last two tho
Dark colors in clothes are encouraged rather than bright colors, or patterns.
True
False
Answer:
true
Explanation:
Businesses that provide steady employment may qualify for a reduction in unemployment taxes based on:
O experience rating system
O ability to make payments
O number of accidents
A memo is a copy of a document transmitted via phone line using a facsimile machine.
True
False
Answer:
Yes, it is very true: I don't know just trying
Over its history, suppose that France has borrowed more from the rest of the world than it has lent to the rest of the world. This means that France a. is a net-creditor nation. b. has realized continuous deficits in its current account. c. has a very large unilateral transfers balance. d. has realized continuous surpluses in its goods and services account.
Out of the choices provided above, it can be concluded to state that France has realized continuous deficits in its current account. Therefore, the option B holds true.
What is the significance of France?France can be referred to or considered as a nation, which is among the most developed nations in the world. It is situated in the European Continent, and is also a part of the European Union with significant contributions to the GDP of the continent.
Apart from its GDP contributions, there are some concerns lying over the French economy, which states that there have been constant deficits in the current accounts of the French government, thereby stating that France is a net-debtor nation.
Therefore, the option B holds true and states regarding the significance of France.
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Can I please please get help this is do in 10 mins please please help!!!!!!!!
Which of the following best helps a company move toward achieving its
vision and mission?
A. Goals and objectives
B. Competitors and stakeholders
C. Activist investors
D. Corporate social responsibility
Answer:
A. Goals and objectives
Explanation:
Setting Goals and objectives sets you in a position to succeed. Doing this makes you organized and ready to face any challenges that you might face in order to achieve thos goals.
Culture is the accepted behaviors, customs, and values of a society.
True
False
Answer:
True
Culture is the accepted behaviors, customs, and values of a society.
Answer:
its true hope it helps you
Why is inflation considered an economic problem? please refrain from irrelevant answers.
Answer: it is an economic problem because it is the devaluation of currency. Meaning that money is worth less than what it was before. (prices will go up
but wages will stay the same)
Explanation:
be my friend and u get brainly and 100 points
Answer:
hi friend
Explanation:
If each piece of a 10 piece puzzle had a word that represented you on it, what 10 words would we see?
Answer: brave,strong, funny, short, smart, unique, beautiful, amusing, pretty
Explanation:
What led to the success of whopper
Answer:
What makes this burger unique is not just its size, but the fact that Burger King flame-grills their hamburger patties, which gives you that recognizable, grilled flavor. Burger King introduced the Whopper in 1957,
Hope this helps!
Yours Truely, TheAnimeCatUwU
