Answer:
Nominal GDP
= (Price of cupcakes in year * quantity of cupcakes in year) + (Price of oranges in year * quantity of oranges in year)
2018
= (2 * 125) + (3 * 155)
= $715
2019
= (4 * 135) + ( 3 * 210)
= $1,170
2020
= (2 * 125) + (3 * 165)
= $745
Real GDP using 2018 as base year:
= (Price of cupcakes in 2018 * quantity of cupcakes in year) + (Price of oranges in 2018 * quantity of oranges in year)
2018
= (2 * 125) + (3 * 155)
= $715
2019
= (2 * 135) + (3 * 210)
= $900
2020
= (2 * 125) + (3 * 165)
= $745
GDP Deflator
= Nominal GDP in year / Real GDP in year * 100
2018
= 715/715 * 100
= 100
2019
= 1,170 / 900
= 130
2020
= 745/745 * 100
= 100
Near the end of 2010, the ledger of Stivers Company included the following accounts and balances: Allowance for Doubtful Accounts$ 1,000credit balance Bad Debt Expense 0balance Accounts Receivable 200,000 debit balance Cash collections on accounts receivable during 2010 amounted to $450,000. Sales revenue during 2010 amounted to $800,000, of which 75% was on credit, and it was estimated that 2% of the credit sales made in 2010 would ultimately become uncollectible. Before adjusting entries were made for 2010, a $10,000 account was determined to be uncollectible and written off by Stivers. In the adjustment process, Bad Debt Expense was recorded to 2010. This information is not reflected in the account balances above.After the above entries were posted to the ledger, calculate the balances of the Allowance for Doubtful Accounts, Bad Debt Expense and Accounts Receivable. Indicate whether the balance is a debit or a credit.
Answer and Explanation:
The computation of the balances of the Allowance for Doubtful Accounts, Bad Debt Expense and Accounts Receivable is shown below;
For Accounts receivable
a) Opening balance $200,000 Debit balance
b) Current year credit sales (75% of $800,000) $600,000 Debit balance
c) (-) Current collection from accounts receivables -$450,000 Credit balance
d) (-) Bad debt expenses -$11,000 Credit balance
e) Closing balance of accounts receivables $339,000 Debit balance
for Allowance for Doubtful Accounts
Allowance required as per Current year analysis (2% of (75% of $800,000) $12,000 Credit balance
(-) Opening balance $1,000 Credit balance
$11,000 Credit balance
The journal entry is
Bad debt expense a/c …Dr 11000
To Allowance for Doubtful Accounts 11000
The Closing balance of Allowance for Doubtful Accounts 12000 Credit balance
For Bad debt expenses
The journal entry is
Bad debt expense a/c …Dr 11000
To Allowance for Doubtful Accounts 11000
The Closing balance of Bad debt expense account 0
Attaining financial objectives is important because Multiple choice question. they are related to market standing and competitive vitality. it ensures the company's viability over the long term. they are more important than strategic objectives. they indicate company's future business prospects.
Answer:
The answer is "The third choice".
Explanation:
Financial objectives are the goals of an institution that are monetarily expressible. This term means goals that immediately influence the financial reports of the company, like the revenue statement or even the balance sheet.
This gives us a better intention to leave toward main contributions. Standard accounting aims are increased revenues, higher profit margins, a decrease in difficult times as well as a return on capital.
In 20 words or fewer, name some other types of opportunity costs
besides money, time, and energy.
Answer:
Opportunity cost is a fictitious cost used in the assessment of alternative resource uses. The cost is the lost income from the alternative that you have not chosen to use. A standard example is when a person has a large amount of money and two options: Save them at a fixed monthly interest rate or pay off their loans. If you choose to save at a fixed monthly interest rate, the monthly cost of the loan will be the alternative cost. If, on the other hand, you choose to pay off your loans, the lost interest income will be the alternative cost.
A multinational food manufacturing company decided to use a football player to promote its new protein shake during the Super Bowl. In the advertisement, the celebrity informed the audience that the drink was highly energizing, and as a result, the sales of the product increased three-fold. Which factor contributed to the increase of the product's sales
Answer:
source credibility.
Explanation:
The factor that contributed to the increase in product sales was the source credibility, which occurs when there is a strong positive appeal from the communicator of a message by the receiver, which in the case of a marketing advertisement, for example, leads to success for a company, as was the case mentioned in the question above, where a celebrity was used to communicate an advertising message that was strongly accepted by the potential public of the brand, which resulted in tripling sales of the product.
It is important to note that source credibility occurs when there is some relationship between the communicator and what is being communicated, such as the football player who promoted the new protein shake during the superbowl. Thus, there is a relationship between the player's characteristics and the product, broadcast in the ideal place and time where the potential consumers of that product are.
Why would a brand seek to establish points of parity?
A.
to show that it should be seen as equal to its competitors
B.
to steal market share from its competitors
C.
to undermine the campaign of its competitors
D.
to deliberately confuse customers
Answer:
A. to show that it should be seen as equal to its competitors
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Corporate branding can be defined as an act which typically involves using a company's brand name in all of the advertisement process, to stimulate a favorable action on the part of the customers.
Points of parity refers to the basic elements that a business firm is required to have, so as to be considered by its customers and potential customers for the purchase of its products or services.
This ultimately implies that, a brand would seek to establish points of parity to show that it should be seen as equal to its competitors and as such able to offer the same product quality, expertise and satisfaction.
why is freshness of ingredients important in salad preparation
What does a speech-language pathologist do?
Answer:
they help treat and prevent disorders affecting an adult or a childs swallowing.
Explanation:
so basically, people who have trouble speaking or swallow alot while trying to speak see a speech-language pathologist to get treatment to be able to prevent this from happening and improving their speech. Not all cases have to do with swallowing sometimes its just a persons speech itself, sometimes even lisps.
An economic system Multiple Choice requires a grouping of private markets linked to one another. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem. requires some sort of centralized authority (such as government) to coordinate economic activity. is a plan or scheme that allows a firm to make money at some other firm's expense.
Answer:
The correct answer is the second option: Is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem.
Explanation:
To begin with, in the economic science the term known as "economic system" refers specifically to the set of institutions that are bound together with the only purpose of fighting against all the economic problems inside the economy itself. Therefore that those institutions work together concious and unconciously in order to avoid macroeconomic chaos in the country, so that the devolpment and growth of that particular economy can succeded in the process of making the most relevant activities in the main focus of it, like selling and buying, etc.
Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?
The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.
Answer:
The chart is placed in a database with five groups.
Hope this helped.
fid the higest common factor of
21a²b and 49ab²
Answer:
7ab
Explanation:
21a²b = 7ab * 3b
49ab² = 7ab * 7b
Airline Accessories has the following current assets: cash, $112 million; receivables, $104 million; inventory, $192 million; and other current assets, $28 million. Airline Accessories has the following liabilities: accounts payable, $118 million; current portion of long-term debt, $45 million; and long-term debt, $33 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Airline Accessories. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)
Answer:
Current Ratio = 2.67
Acid-Test Ratio = 1.50
Explanation:
Given:
Current assets:
cash = $112 million
receivables = $104 million
inventory = $192 million
other current assets = $28 million
Liabilities:
accounts payable = $118 million
current portion of long-term debt = $45 million
Long-term debt = $33 million
FInd:
Current ratio
Acid-test ratio
Computation:
Current assets = Cash + Receivables + Inventory + Other Current Assets
Current assets = [112 + 104 + 192 + 28] Million
Current assets = $436 million
Current Liabilities = Accounts Payable + Current portion of Long term debt
Current Liabilities = [118 + 45] million
Current Liabilities = $163 million
Current Ratio = Current assets / Current Liabilities
Current Ratio = $436 Million / $163 Million
Current Ratio = 2.67
Acid-Test Ratio = [Current Assets – Inventories] / Current Liabilities
Acid-Test Ratio = [$436 Million - $192 Million] / $163 Million
Acid-Test Ratio = $244 Million / $163 Million
Acid-Test Ratio = 1.50
one of the Nigerian international seaport is in where
Answer:
The Lagos Port Complex is Nigeria's biggest and busiest seaport, situated in Apapa, Lagos state over an area of about 200 hectares of land. Together with the Tin Can Island Port, this seaport serves the western region of the nation. The Lagos Port Complex serves as the country's economic gateway.
Explanation:
Suppose your boss has asked you to write a letter to a client about a problem with their order. What format of writing would you use, and what kind of style would you use to write? Justify your response.
Answer:
if my boss had asked me to write a letter to a client It can begin with the word “Dear” followed by the person's name or the word “To.” Include a date at the top of the letter. Begin the letter with a brief introduction. Keep the introduction pleasant and conversational.
1. Use simple, plain English. No jargon.
2. Make sure there are no typos and all the provided information is “correct”.
3. Answer all the questions that have been asked (and any that may come after). ...
4. Tone. Using the right tone, that fits the reader (or customer) and the reason you're contacting them.
5. Never Use an Anonymous Greeting.
6.If in Doubt Use Mr/Mrs Instead of First Names.
7. Get Someone to Check the Name Is Right
8.Thank Them for Their Custom.
9.Offer Something in Return.
10.Place Important Information in the PS Section.
11.Add a Personal Touch.
12.Adopt a Clear and Striking Layout.
13.Express your gratitude, clearly stating why you're sending the note.
14.Include details about why enjoyed your experience with this customer — this is a prime opportunity to be specific and thoughtful.
15.Add the Date.
16.Identify Your Address.
17.Close the Letter.
18.Greet Your Reader.
19. last ,Repeat your thanks.
If a strategic plan is failing to meet its objectives, but the company's execution is deemed sufficient, management should first Multiple choice question. reconsider the assumptions that were used to formulate the strategic plan. pressure employees to improve their implementation efforts. start from stage one of the strategy process. set less ambitious objectives.
Answer:
The answer is "reconsider the assumptions that were used to formulate the strategic plan".
Explanation:
This strategic plan is a document used to improve objectives to achieve these objectives and all other essential aspects generated during the planning process to the company. That's why Whether the business strategy fails to meet its goals, but the performance of the business is judged enough, management must first s right the premises used in construct the comprehensive strategy.
In cultures where work gets done because of the relationship _____. Select one: a. the priority is on accomplishing the task. b. business meetings tend to be quick and to the point. c. people spend a great amout of time getting to know each other than working. d. interactions are informal.
Answer:
c. people spend a great amount of time getting to know each other than working.
Explanation:
In the cultures, the work should get done as because of the relationship that means the people spend a great amount of time in order to know each other personally other than for working purpose so that the mutual understanding between them could be created and accordingly they will communicate with one another
Therefore as per the given situation, the option c is correct
Easy!! 30 points!!
Two countries produce coal and iron. Country A can produce a maximum of
500 tons of coal per day or 250 tons of iron. Country B can produce a
maximum of 900 tons of coal per day or 300 tons of iron. Which statement
best describes this situation?
A. Country A has an absolute advantage producing coal.
B. Country B has a comparative advantage producing iron.
C. Country A has an absolute advantage producing iron.
D. Country B has a comparative advantage producing coal.
Answer:
Country B has a comparative advantage producing coal.
Explanation:
I believe this is correct, if not let me know and I will fix it. I'm sorry in advance if it is incorrect.
In the situation as given above, the country B has an added comparative advantage of producing coal.
What is a comparative advantage?An advantage that an individual or a group has over the other in terms of its capacities and capabilities, generally measured in quantitative terms, is known as a comparative advantage.
Here, Country B produces 300 tons of coal as against 250 tons of coal produced by Country A, and thus it holds a comparative advantage over the Country A.
Hence, option D holds true regarding the comparative advantage of country B over country A.
Learn more about comparative advantage here:
https://brainly.com/question/13221821
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Guillermo's wife was recently diagnosed with breast cancer. Guillermo had to take a considerable amount of time off work to care for their children, and he was late in completing his portion of a large project. Guillermo never feared that his job was in jeopardy because of his absences or his delay in completion of work. Name the major job attitude relative to the above stated example.
Answer:
perceived organizational support
Explanation:
Since in the question it is mentioned that the wife is diagnosed with the cancer and so her husband want to time off from his work and take care for her children also at the same time he was late for finishing the portion of the large project due to this he feared a lot. So the major attitude in this situation is to have perceive the organization support as the organization should understand his family situation and allow him the time to complete the project
or should allot to someone as the case may be
What helps in determining the reliability of a person with regard to repaying debts?
Answer: Credit score
Explanation:
A credit score is a used to show the creditworthiness of a consumer. It should be noted that the credit score is used by lenders to know if they should lend someone money or not.
The higher the credit score, the better the borrower will look to the potential lenders. It should be noted that the credit score is based on the credit history, total debts, repayment history etc.
On February 3, Smart Company sold merchandise in the amount of $4,100 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $2,830. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is:
Answer:
Dr Cash $4,018
Dr Sales discounts $82
Cr Accounts receivable $4,100
Explanation:
Based on the information given The Appropriate journal entry that Smart makes on February 8 is:
February 8
Dr Cash $4,018
Dr Sales discounts $82
Cr Accounts receivable $4,100
Workings:
Sales Discounts = $4,100 × .02
Sales Discounts= $82
Cash = $4,100 − $82
Cash = $4018
Master Mopeds Inc. has slightly different versions of the same moped for the American, European, and Asian markets. Its employees are grouped into divisions based on the market in which they have been assigned. This is an example of ________ departmentalization.
Answer:
"Geographical" is the correct answer.
Explanation:
The categorization procedure on something like a land-based foundation. If the consumers of a business are spread geographically, they can combine geographically-based employment, which is considered as Geographical departmentalization.Offerings could be developed to improve user impact on the world by offering customized services throughout a particular nation or location.Today, land in urban areas typically is used for housing, transportation, and other structures, rather than for agriculture, primarily due to __________. A. advancements being made in irrigation techniques B. fewer Americans engaging in agriculture C. people relying more on other areas of the economy D. transportation time and shipping costs being reduced
Answer:
D. transportation time and shipping costs being reduced
Explanation:
In the case of the urban areas, the used of housing, transportation, the other structures would be considered instead of the agriculture and this is because of the time incurred for the transportation and the cost of the shipping could be decreased
So as per the given situation, the option d is correct
LGIPs offered by municipal broker-dealers are: A investment vehicles available to the general public that permit tax-deferred saving for higher education B investment vehicles available to the general public that permit tax-deferred saving for education below the college level C investment vehicles available to local government entities that permit investment of excess funds D investment vehicles available to local government entities that permit borrowing of funds as needed Review
Here's li[tex]^{}[/tex]nk to the answer:
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All of the following statements are true about non-contributory defined benefit retirement plans EXCEPT: A contribution amounts vary based upon the age of the person covered under the plan B larger contributions are made for older plan participants nearing retirement than for younger ones C once benefit payments start, the amount of the benefit is fixed D contribution amounts remain fixed based regardless of age Review
Answer: D. contribution amounts remain fixed based regardless of age
Explanation:
The statements that are true about non-contributory defined benefit retirement plans include:
• contribution amounts vary based upon the age of the person covered under the plan.
• larger contributions are made for older plan participants nearing retirement than for younger ones.
• once benefit payments start, the amount of the benefit is fixed.
It should be noted that in a defined benefit retirement plan, there is variation in the contribution amounts which depends on the individual's age that's covered under the plan. Therefore, the statement that "contribution amounts remain fixed based regardless of age" is incorrect.
quantity demanded varies inversely with price, other things constant*
A quantity demanded
B demand
c law of demand
D change in demand
Answer:
c. law of demand
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
Demand can be defined as the total amount of goods or services that consumers are willing and able to purchase at a given price.
Law of demand states that quantity of goods or services demanded varies inversely with their price, other things constant or being equal. Thus, the smaller the quantity of goods or services demanded, the higher the price and vice-versa.
According to the law of demand, there exist a negative (inverse) relationship between the quantity of goods demanded and the price of a good i.e when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.
This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.
Additionally, the law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal.
Sheridan Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1Established the petty cash fund by writing a check payable to the petty cash custodian for $225. 15Replenished the petty cash fund by writing a check for $220.30. On this date, the fund consisted of $4.70 in cash and these petty cash receipts: freight-out $96.00, entertainment expense $48.70, postage expense $41.70, and miscellaneous expense $32.50. 16Increased the amount of the petty cash fund to $325 by writing a check for $100.00. 31Replenished the petty cash fund by writing a check for $309.30. On this date, the fund consisted of $15.70 in cash and these petty cash receipts: postage expense $139.80, entertainment expense $96.40, and freight-out $71.80. (a) Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)
Answer:
01-Aug
Dr Petty Cash $225
Cr Cash $225
15-Aug
Dr Freight Out $96
Dr Postage Expense $41.70
Dr Entertainment Expense $48.70
Dr Miscellaneous Expenses $32.50
Dr Cash Over and Short $1.1
Cr Cash $220
16-Aug
Dr Petty Cash $225
Cr Cash $225
31-Aug
Dr Postage Expense $139.80
Dr Entertainment Expense $96.40
Dr Freight Out $71.80
Dr Cash Over and Short $1.3
Cr Cash $309.30
Explanation:
Preparation of the petty cash transactions.
01-Aug
Dr Petty Cash $225
Cr Cash $225
(To Record Establishment of fund )
15-Aug
Dr Freight Out $96
Dr Postage Expense $41.70
Dr Entertainment Expense $48.70
Dr Miscellaneous Expenses $32.50
Dr Cash Over and Short $1.1
($220-$96-$41.70-$48.70-$32.50)
Cr Cash $220
(To Record Expenses)
16-Aug
Dr Petty Cash $225
Cr Cash $225
(To increase cash in fund )
31-Aug
Dr Postage Expense $139.80
Dr Entertainment Expense $96.40
Dr Freight Out $71.80
Dr Cash Over and Short $1.3
Cr Cash $309.30
($309.30-$139.80-$96.40-$71.80)
(To Record Expenses)
In your own words,explain why creating a budget and sticking to it is so important. Answer in at least 3-5 complete sentences.
Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $362,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 4% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,400 before adjustment
Answer:
Bad debt expenses $ 12,080
Allowance for doubtful accounts $ 12,080
Explanation:
Accounts 4% of AR
That is $362,000 x 4% = $14,480 expected allowance.
The current balance = 2400 credit
Journal entry:
[tex]\text{Account titles and explanation}[/tex] Debit Credit
Bad debt expenses [(362,000 x 4%) - 2400] $12,080
[tex]\text{Allowance for doubtful accounts}[/tex] $12,080
(To record bad debt expense)
If you were in a debate fighting for the rights of something what techniques should you use, just curious?
You are considering buying a share of stock in a firm that has the following two possible payoffs with the corresponding probability of occurring. The stock has a purchase price of $15.00. You forecast that there is a 40% chance that the stock will sell for $30.00 at the end of one year. The alternative expectation is that there is a 60% chance that the stock will sell for $10.00 at the end of one year. What is the expected percentage one−year return on this stock, and what is the return standard deviation?
Answer and Explanation:
The computation is shown below;
Purchase price = $15.00
Forecasted price of $30.00 with probability of 40%:
Now
Rate of Return = (Selling Price - Purchase Price) ÷ Purchase Price
= ($30.00 - $15.00) ÷ $15.00
= 100.00%
And,
Forecasted price of $10.00 with probability of 60%:
Now
Rate of Return = (Selling Price - Purchase Price) ÷ Purchase Price
= ($10.00 - $15.00) ÷ $15.00
= -33.33%
Now
Expected Return = 0.40 × 1.0000 + 0.60 × (-0.3333)
= 0.20 or 20.00%
and,
Variance = 0.40 ×(1.00 - 0.200)^2 + 0.60 × (-0.3333 - 0.200)^2
= 0.426645
Finally
Standard Deviation = (0.426645)^(1 ÷ 2)
= 0.6532 or 65.32%
what is budget head no.of other goods , furnishing goods , repair and maintenance , printing charges , office supplies ?
Answer:
Budget expenditure part
B.H. No. Budget heads Annual Appropriation of Budget
22311 Office expenses 58,000
22121 Rental charges 30,000
22711 Miscellaneous expenses 11,000
29311 Furniture 1,50,000
