From an ABC (activity-based costing) perspective, several factors can contribute to the incurrence of costs, including financial transactions, the volume of units produced, debits and credits, management decisions, and activities. (options a, b, c, d, and e).
Financial transactions, such as purchases of raw materials, payment of salaries and wages, and interest payments on loans, can directly impact the cost of goods or services produced by a company.
The volume of units produced can also affect the cost incurred by a company. This is because the cost of producing a single unit may vary depending on the level of output.
Debits and credits are fundamental accounting concepts that help record and track financial transactions.
Management decisions can also impact the cost incurred by a company. Finally, activities refer to the specific tasks or processes that contribute to the production of goods or services. ABC recognizes that the cost of an activity is a fundamental determinant of the cost of producing a product or service.
Hence all the given options (a), (b), (c),(d) and (e) are correct.
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according to the 2019 jobvite survey of 1,500 americans, which is the most important motivating criteria to job seekers? multiple choice question. career growth opportunities retirement benefits financial compensation health care
The most important motivating criteria to job seekers according to the 2019 Jobvite survey of 1,500 Americans is financial compensation.
What's financial compensationFinancial compensation is the amount paid to a person or organization for services rendered. It can be in the form of money, bonuses, stocks, or other forms of payment that can be converted into money.
This form of payment is the most important motivating criteria to job seekers. They take into consideration the financial benefits before they accept a job offer.
In some cases, the job may come with benefits such as health care, retirement benefits, and career growth opportunities, but if the financial compensation is low, it may be a turn-off to the job seeker.
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the wheel of retailing predicts that new forms of retail outlets will usually enter the market as .
The wheel of retailing predicts that new forms of retail outlets will usually enter the market as low-price, low-margin stores.
The wheel of retailing is a theory that explains how retail institutions change over time as they mature. The theory proposes that retailers tend to move through a predictable series of stages as they develop, beginning as low-price, low-margin stores and eventually evolving into high-price, high-margin stores as they become more established and profitable.
The wheel of retailing suggests that new retail formats will enter the market as low-price, low-margin stores, and will gradually develop into more sophisticated and specialized formats as they mature. This process is driven by competition, innovation, and changing consumer preferences.
As new formats emerge, they will often disrupt the existing retail landscape and force established retailers to adapt or risk losing market share.
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the bonds of xyz, inc. are currently quoted at 97.65 and mature in 13 years. the bonds pay a $45 semiannual coupon. what is the current yield on these bonds?
The current yield on the bonds of XYZ, Inc. can be calculated by dividing the annual coupon payment by the current market price of the bond, and then multiplying the result by 100 to get the percentage.
First, we need to calculate the annual coupon payment by multiplying the semiannual coupon payment by 2: $45 x 2 = $90. Next, we can use the current market price of the bond to determine the yield: ($90 / $1,000) x 100 = 9%
Therefore, the current yield on the bonds of XYZ, Inc. is 9%. This means that an investor who buys the bond at the current market price of 97.65 will receive a yield of 9% per year, based on the semiannual coupon payments and the bond's maturity value in 13 years.
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charles volunteers at a local soup kitchen for approximately 15 hours per week. he is currently not seeking paid work. is charles considered unemployed?
Charles is not considered unemployed according to the ILO definition, other measures of unemployment may have different criteria and include individuals who are not seeking paid work but are working part-time or seeking employment.
According to the International Labour Organization (ILO), a person is considered unemployed if he or she is without work but is actively seeking and available for work. In the case of Charles, he is not seeking paid work and is volunteering at a local soup kitchen for 15 hours per week.
Therefore, Charles is not considered unemployed according to the ILO definition. However, it is important to note that there are different definitions and measures of unemployment used by different countries and organizations.
For instance, some countries may include individuals who are not actively seeking work or who are working part-time but seeking full-time employment as unemployed. Additionally, some measures of unemployment may also take into account discouraged workers who have stopped actively seeking work.
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the lowest rate of unemployment compatible with price stability, variously estimated at between 4 and 6%, is . multiple select question. natural rate of unemployment gdp employment inflation-adjusted unemployment full employment
The lowest rate of unemployment compatible with price stability, variously estimated at between 4 and 6%, is natural rate of unemployment. The answer is OPTION A
The lowest jobless rate that accomplishes this is known as the "non-accelerating inflation rate of unemployment," or NAIRU. The NAIRU idea, its significance, and the variables affecting its level are all explained in this Explainer.
Disguised unemployment is the kind of unemployment that occurs in India's agricultural industry when there are more workers than needed. High unemployment was typically correlated with deflation or reduced inflation, while low unemployment was typically correlated with higher inflation. It makes reason logically that these two things are connected. The answer is OPTION A
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what does the federal sentencing guidelines for organizations (fsgo) focus on? a. penalties for companies convicted of restraint of trade charges b. improving the quality of life for employees and communities c. schemes by top management to hide losses and other performance problems d. encouraging ethical and legal compliance by reducing penalties for firms with effective compliance programs
The federal sentencing guidelines for organizations (FSGO) focus on encouraging ethical and legal compliance by reducing penalties for firms with effective compliance programs. The correct option is d.
What is the Federal Sentencing Guidelines for Organizations (FSGO)?The Federal Sentencing Guidelines for Organizations (FSGO) is a set of regulations that dictate the sentences that must be given to organizations found guilty of federal crimes.
These guidelines, which are intended to assist judges in determining fair and proportional penalties, are considered essential to the United States criminal justice system's uniformity, transparency, and predictability.
What is the objective of the Federal Sentencing Guidelines for Organizations (FSGO)?The FSGO's primary goal is to encourage ethical and legal compliance in organizations. The FSGO's penalty-reduction system is based on this concept. If organizations can establish that they have taken steps to reduce the likelihood of criminal conduct, the judge will reduce the penalty.
The Guidelines were amended in 2010 to include several sections devoted to "effective compliance and ethics programs," which provide suggestions for creating and maintaining compliance and ethics programs that will qualify organizations for the penalty reductions provided by the Guidelines.
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work center data used to specify how an operation or sub-operation is scheduled, how costs will be calculated and how operations are confirmed once completed at work center are known as
Routing data describes how an operation or sub-operation will be scheduled, how expenses will be determined, and how operations will be confirmed once they have been performed at a work center.
Routing data reveals details about the order of processes or actions necessary to produce a good or deliver a service. It contains information on the work center where each operation will be carried out, how long it will take to complete each activity, and what resources are required.
In order to ensure that products are produced successfully and efficiently, routing data is a crucial component of manufacturing and production planning. It also offers a foundation for figuring out the total cost of production, as well as the costs associated with each process.
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true or false: the value of a management team or of the morale of the workforce is not included as a balance sheet asset because it cannot be objectively measured.
True. The value of a management team or of the morale of the workforce is not included as a balance sheet asset because it cannot be objectively measured.
What is a balance sheet?
A balance sheet is a financial statement that reports a company's assets, liabilities, and equity at a specific point in time. These three components are divided into distinct sections on the balance sheet to provide investors with an overview of the company's financial position. Assets are listed first, followed by liabilities and equity on the right-hand side.
The value of a management team or of the morale of the workforce is not included as a balance sheet asset because it cannot be objectively measured. Assets are resources that a company owns or has access to that are expected to produce future economic benefits.
The value of a management team or of the morale of the workforce does not fall into this category because it cannot be objectively measured. Therefore, it cannot be listed as an asset on the balance sheet.
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you have accepted a new listing for a vacation property that is two miles away from a scenic lake. what is the best way to advertise this property?
Highlighting the property's proximity to the lake and highlighting the advantages of staying in a tranquil, natural location are the greatest ways to market the vacation rental that is two miles from a picturesque lake.
High-quality images of the lake and its surroundings, as well as explanations of the many different recreational options, like swimming, fishing, and hiking, might be included in advertisements.
The listing should also draw attention to any distinctive qualities of the vacation home itself, such as a sizable deck with a view of the lake or a warm fireplace for winter nights. To give potential guests a flavor of the neighborhood, it would also be beneficial to include information about neighboring amenities like restaurants and shops.
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swifty corporation has several outdated computers that cost a total of $14800 and could be sold as scrap for $6000. they could be updated for an additional $2400 and sold. in deciding whether to update the computers and sell them, what amount is considered sunk costs? select answer from the options below $9000 $2400 $17200 $14800
The sunk cost of the outdated PCs as a whole is $14800.Therefore, the correct option is d.
Moreover, the investment which has already been made but cannot be recouped is referred to as a sunk cost, also known as a retrospective cost.
Sunk costs in company include things like marketing, research, installing new software or equipment, paying for workers and benefits, or paying for facilities.
As can be seen, the price is $14800.
For $ 6000, the computers can be sold as scrap.
At $2400, we might even update.
Find the item's current as-new market price to determine the sunk cost of a piece of equipment that needs to be replaced.
Next, make an effort to determine the item's current market value, which should be simple with some web research. To get the sunk cost, deduct the current value from the as-new price.
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our organization recently adopted a new website design interface. some of our employees are having difficulty navigating the new system but are fully capable and willing to learn. this is an example of .
Our organization recently adopted a new website design interface. some of our employees are having difficulty navigating the new system but are fully capable and willing to learn, this is an example of the learning curve that comes with adopting new technology.
Employees who are used to the old system may struggle initially with the new interface, but with time and training, they can become proficient in using it.
It is important for the organization to provide resources and support to help employees adapt to the new system. This may include training sessions, user manuals, or online resources that employees can access to learn how to use the new interface.
Ultimately, the goal is to ensure that all employees can use the new system effectively and efficiently.
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which of the following statements is correct? a. if a company has two classes of common stock, class a and class b, then the stocks may pay different dividends, but under all state charters the two classes must have the same voting rights. b. the stock valuation model, p0
The correct statement is A. If a company has two classes of common stock, Class A and Class B, the stocks may pay different dividends.
However, under all the state charters, the two classes should must have the same voting rights. This ensures that all shareholders, regardless of the class of stock that they hold, have an equal say in the company's decision-making process.
However, the two classes must have equal voting rights under all state charters. This guarantees that every shareholder has an equal voice in the company's decision-making process, regardless of the class of the shares they have own. The correct statement is A
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bennett company has a potential new project that is expected to generate annual revenues of $266,600, with variable costs of $146,000, and fixed costs of $62,800. to finance the new project, the company will need to issue new debt that will have an annual interest expense of $27,000. the annual depreciation is $26,200 and the tax rate is 21 percent. what is the annual operating cash flow? multiple choice
The annual operating cash flow for the new project is $45,632. The annual operating cash flow can be calculated using the formula:
Operating Cash Flow = EBIT (1 - tax rate) + Depreciation
where EBIT is Earnings Before Interest and Taxes.
First, let's calculate EBIT:
EBIT = Annual Revenues - Variable Costs - Fixed Costs
EBIT = $266,600 - $146,000 - $62,800
EBIT = $57,800
Next, we can calculate the annual operating cash flow:
Operating Cash Flow = EBIT (1 - tax rate) + Depreciation
Operating Cash Flow = $57,800 (1 - 0.21) + $26,200
Operating Cash Flow = $45,632
Therefore, the annual operating cash flow for the new project is $45,632.
Answer: $45,632
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you want to invest in a computer/internet company. which type of investment would you most likely choose?
The stocks of a computer or internet company would probably be my first choice if I were wanting to invest.
By doing this, I would be able to buy stock in the company and maybe profit from my investment through dividends and capital gains.
Consequently, before making any investment selections, I would do my homework on the company's financial situation, management staff, development potential, and market environment. Also, spreading out my investing portfolio across many businesses and sectors could assist reduce risks.
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in monopolistic competition, a firm has some ability to affect the price for its product because of group of answer choices economic profits. many competitors. easy entry and exit. product differentiation.
In monopolistic competition, a firm has some ability to affect the price for its product because of c) product differentiation."
In monopolistic competition, firms produce differentiated products that are not perfect substitutes for each other. This means that a firm can differentiate its product in terms of quality, design, packaging, or branding to make it more attractive to consumers.
As a result, the firm has some ability to affect the price of its product because consumers perceive it as different from other products in the market.
However, because there are many competitors producing similar but not identical products, the firm cannot charge a price higher than the perceived value of its product without losing customers. Additionally, easy entry and exit into the market prevent the firm from earning economic profits in the long run.
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you go to see a movie that you believe would turn out to be amazing. the ticket costs you $20. once in the theatre you realize that the movie is awful. if you leave now, you can still catch your favorite tv show. what should you do?
If you leave the movie early, you will have the opportunity to catch your favorite TV show, which is something you were looking forward to. Ultimately, the decision is yours to make, but it's important to weigh the pros and cons before making any hasty decisions.
If you find yourself in a situation where you have paid to see a movie that you believed would be amazing but turned out to be awful, you might feel like leaving the theatre and cutting your losses. However, before making any decisions, it's important to consider a few things.
Firstly, if you leave the theatre early, you may miss some redeeming features of the movie or any plot twists that could change your opinion. Secondly, you may have the opportunity to get a partial refund if you approach the cinema staff and explain your situation.
If after considering these factors you still decide to leave the theatre early, it's important to do so quietly and respectfully to avoid disrupting other viewers. Additionally, it's important to make sure that leaving early won't cause you to miss any important commitments or plans.
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recently, agile project management has been discussed and utilized. a.rarely; over b.widely; increasingly c.widely; decreasingly d.rarely; under
Recently, agile project management has been discussed and utilized Widely; Increasingly. Option b is the correct option.
Agile project management is an approach to project management that focuses on delivering value through rapid, iterative cycles. It emphasizes collaboration, flexibility, and continuous improvement. By using an iterative approach to project management, agile teams are able to deliver projects more quickly and with greater accuracy.
Agile project management has been gaining in popularity in recent years; organizations are recognizing the value of shorter, more focused project cycles and embracing the agile methodology to deliver business value. Agile project management can help organizations become more agile, flexible, and responsive to customer demands, while delivering projects more quickly and efficiently.
Agile project management can also help reduce project risk by allowing for rapid feedback loops and iterative development. Additionally, agile project management can help teams build better relationships by encouraging collaboration and communication. By utilizing agile project management, organizations are able to deliver projects faster and more accurately, while also gaining greater visibility into the project’s progress and success.
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The complete question is:
recently, agile project management has been discussed and utilized:
a.rarely; over
b.widely; increasingly
c.widely; decreasingly
d.rarely; under
amazon is an example of a company that used the differentiation strategy to enter the market. the differentiation features included multiple choice minimal customer service. traditional back office logistics. traditional delivery logistics. using a one-click online ordering system to make ordering simpler.
Amazon is an example of a company that used the differentiation strategy to enter the market.
What are the differentiation features that Amazon used to enter the market?Amazon's differentiation features included:
1. Using a one-click online ordering system to make ordering simpler.
2. Providing minimal customer service.
3. Traditional back-office logistics.
4. Traditional delivery logistics.
What is the best approach to entering a new market using differentiation strategy?The best approach to entering a new market using differentiation strategy is to create a unique or different product, service, or offering that is more valuable than similar offerings in the market.
The differentiation features must provide unique features and benefits to customers that are not provided by other market players. Additionally, it is essential to create an effective marketing and promotion plan that will help attract customers and build brand awareness.
Lastly, it is crucial to create a sustainable business model that will enable the business to continue providing unique value to customers and staying ahead of competitors.
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teresa says that the decision to start plant fantasies was exciting. the decision to stay in business was a.even more exciting. b.exhilarating. c.intuitive. d.excruciating.
Teresa found the decision to start Plant Fantasies exciting. However, the decision to stay in business was even more thrilling, but it's unclear whether it was exhilarating, intuitive, or excruciating. Thus option A is correct.
Teresa describes beginning Plant Fantasies as an exciting choice. However, it appears that the choice to remain in the company was even more difficult. While she did not clarify whether the experience was exhilarating or intuitive, it is obvious that it was important.
Perhaps there were obstacles or chances that complicated or emotionally charged the choice. It's also conceivable that she merely enjoyed the ongoing journey of operating a company. Teresa's statement, however, indicates that remaining in business was a significant choice for her.
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6. suppose that you put a specific tax on the monopolist of $20 per unit output. what would its profit maximizing level of output be?
The monopolist's profit-maximizing level of output with the tax is 10/6 units.
If a specific tax of $20 is imposed on the monopolist, the monopolist's profit-maximizing level of output will change. The monopolist will now choose to produce the level of output where the marginal revenue (MR) equals the marginal cost (MC), but with the tax added to the marginal cost;
MR = MC + Tax
The monopolist's original marginal cost curve is;
MC = 10 + 4Q
where Q is the quantity of output.
With the tax, the monopolist's new marginal cost curve is;
MC + Tax = 10 + 4Q + 20
MC + Tax = 30 + 4Q
The monopolist's marginal revenue curve is;
MR = 40 - 2Q
Setting MR equal to MC + Tax, we have;
40 - 2Q = 30 + 4Q
6Q = 10
Q = 10/6
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is each of the following policies an example of expansionary or contractionary fiscal policy? explain your answers in terms of the effect on aggregate demand. a. the government slashes funding for the environmental protection agency, without changing any other spending. this is (click to select) fiscal policy that will shift aggregate demand to the (click to select) . b. the government raises taxes on households making more than $250,000. this is (click to select) fiscal policy that will shift aggregate demand to the (click to select) . c. the government decides to fill gaps in medicare by making it available to more people. this is (click to select) fiscal policy that will shift aggregate demand to the (click to select) .
Expansionary fiscal policy is used to stimulate the economy by increasing government spending, lowering taxes, or both, leading to an increase in aggregate demand.
a. The government slashing funding for the Environmental Protection Agency without changing any other spending is an example of contractionary fiscal policy. The reduction in spending will decrease government expenditure, and as a result, there will be a decrease in aggregate demand. This policy will hurt the economy since it will lead to job losses and reduced economic activity.
b. The government raising taxes on households making more than $250,000 is an example of contractionary fiscal policy. This policy will lead to a reduction in disposable income for high-income households, which will reduce their spending. This reduction in spending will, in turn, reduce aggregate demand, leading to an economic slowdown.
c. The government deciding to fill gaps in Medicare by making it available to more people is an example of expansionary fiscal policy. This policy will increase government expenditure and provide more people with access to healthcare, leading to an increase in aggregate demand. The increase in government spending will also lead to an increase in jobs, which will stimulate economic activity.
Contractionary fiscal policy, on the other hand, is used to slow down the economy by reducing government spending or raising taxes, leading to a decrease in aggregate demand.
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Which word best describes the process of orientation, training and development and performance evaluation.
The correct answer is option D) Talent management is a process that involves recruiting, onboarding, orientation, training, development, and performance evaluation of an organization's employees.
It is a holistic strategy for managing human capital that covers the entire gamut of initiatives to draw in, keep, and develop top-tier workers.
The objective of talent management is to create a workforce with the knowledge and abilities necessary to support the firm in achieving its strategic goals.
Organizations can use talent management to spot high-performing workers with leadership potential as well as those who might be having trouble and require more help and direction.
By concentrating on staff development and career planning, it can also assist firms boost employee retention and engagement.
Complete Question:
Which of the following processes best describes orientation, training, development, and performance evaluation?
A) Recruiting
B) Onboarding
C) Career planning
D) Talent management
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xyz corporation issues bonds with a $100 face value that make coupon payments of $5 every 3 months. what is the coupon rate?
Bonds having a $100 face value that make $5 coupon payments every three months are issued by XYZ corporation. The coupon rate is 20%.
The rate of interest that debt securities pay on the bond's face value is known as the dividend yield. It speaks of the ongoing interest rate that buyers of bonds are charged by bond issuers. The bond's face value (also known as par value) is utilized to calculate the coupon rate, not the issue price or market value. The interest rate a bond pays in relation to its par value, or face value, is known as the coupon rate. This will remain constant for the duration of a fixed-rate bond's maturity. The coupon rate is the set annual rate that a guaranteed-income instrument, frequently a bond, pays its holder or owner.
In this case, the annual coupon payment is $5 * 4= $20 (Since there are 4 coupon payment in a year)
So, the coupon rate is:
Coupon rate = (Annual coupon payment [tex]/[/tex] Face value) [tex]*[/tex] 100%
Coupon rate = ($20/ $100) * 100%
Coupon rate = 20%
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you have just started a new job and plan to save $5,050 per year for 39 years until you retire. you will make your first deposit in one year. how much will you have when you retire if you earn an annual interest rate of 9.75 percent?
If you save $5,050 per year for 39 years and earn an annual interest rate of 9.75%, you will have approximately $1,934,947 when you retire. This calculation assumes that the interest rate remains constant throughout the 39-year period, which may not be the case in reality.
Assuming that you will be making annual deposits of $5,050 for 39 years, the total amount that you will save would be $5,050 x 39 = $197,050.
To calculate the future value of your savings at an annual interest rate of 9.75%, we can use the formula for compound interest:
FV = PV x (1 + r)^n
Where:
FV = Future Value
PV = Present value (or the amount you're investing)
r = Annual interest rate
n = Number of years
In this case, PV is the total amount that you will be saving over 39 years, which is $197,050. The annual interest rate is 9.75% or 0.0975, and n is the number of years that you will be investing, which is also 39.
Plugging these values into the formula, we get:
FV = $197,050 x (1 + 0.0975)^39
FV = $1,934,946.87
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discuss the pros and cons of each financial tool compared to each other: npv, irr, payback, and profitability index.
NPV accounts for time value of money, but can be sensitive to input assumptions. IRR is easy to understand, produce multiple solutions but doesn't account for scale of investment. Payback is easy to use, but doesn't account for time value of money. Profitability index accounts for money scale of investment, but can be sensitive to input assumptions.
Net Present Value (NPV) is a powerful tool for accounting for the time value of money, but can be sensitive to input assumptions. Internal Rate of Return (IRR) is easy to understand and produces multiple solutions, but it does not account for the scale of the investment.
Payback period is easy to use but also doesn't account for the time value of money. The Profitability Index, while accounting for the scale of the investment, can also be sensitive to input assumptions. When deciding which tool to use, it's important to understand the limitations of each so you can make an informed decision.
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all of the following are steps included in the accounting cycle except: a. forecasting of expenses and revenues. b. posting journal information into ledgers. c. preparing a trial balance. d. recording information into journals.
Forecasting of expenses and revenues is not included in the accounting cycle. The correct option is A.
The accounting cycle is a series of procedures used by a business entity to record its transactions. The cycle starts with the opening of books and concludes with the closing of the books for the accounting period in which it occurs. The accounting cycle comprises a number of actions that businesses must complete on a regular basis to keep their financial information up to date and accurate.
These actions provide insight into a company's financial transactions and ensure that a company's financial information is consistent and accurate, which is essential for making sound business decisions. The following are the steps included in the accounting cycle:
Analyze and record transactions in a journalPost to the ledgerPrepare a trial balanceAdjust entriesPrepare financial statementsClose the booksForecasting of expenses and revenues is not a step in the accounting cycle. It's a process that businesses undertake before the accounting cycle begins. The aim of forecasting is to assist a company in developing an estimate of its future revenue and expenses.
Option A is the correct answer.
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the unadjusted trial balance at the end of the year includes the following: accounts receivable$ 110,000 allowance for doubtful accounts2,200 both accounts have normal balances. the company uses the aging of accounts receivable method. its estimate of uncollectible receivables resulting from the aging analysis equals $7,600. what is the amount of bad debt expense to be recorded for the year?
Answer: $7,600
When preparing an income statement, what is the formula for computing bad debt expense?
What is the Bad Debt Expense formula?
The formula for calculating the bad debt expense is as follows:
Beginning accounts receivable + credit sales - cash collections - ending accounts receivable = ending balance of accounts receivable
For instance, to determine the ending balance of accounts receivable, use the following formula:
Beginning balance of accounts receivable + sales made on credit - cash collections - bad debts = ending balance of accounts receivable
To calculate the bad debt expense, use the following formula:Bad debt expense = net credit sales × percentage of credit sales anticipated to be uncollectible
For example, if a company has net credit sales of $500,000 and anticipates that 3% of credit sales will be uncollectible, the bad debt expense would be:
$500,000 × 0.03 = $15,000
In the given problem, we are given accounts receivable$ 110,000 and allowance for doubtful accounts 2,200.
Both accounts have normal balances. The company uses the aging of accounts receivable method.
Its estimate of uncollectible receivables resulting from the aging analysis equals $7,600.
Therefore, the amount of bad debt expense to be recorded for the year is $7,600.
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new england radiology (ner) serves a number of local hospitals with providing a full range of imaging services and differentiates itself by providing personalized high-touch patient care. on their site in andover ma, they operates one mri scanner, two x-ray imaging systems, and two ct scanners. staff is dedicated to its individual unit and is trained to operate only one of the above systems. ner is open 5 days a week, 52 weeks per year, between 8am and 6pm all patients arrive to the reception where they are registered by two clerks. after registration, patients proceed to the common waiting room waiting to be called in for the imaging or scanning service. ner wants to determine its staffing levels for reception clerks for next week. to do this, they first need a forecast for the average number of patients that will need radiology services. they have historical data for the past few weeks in the table below. which type of forecasting method uses only historical data: causal, qualitative, time series, or simulation? please create a 4-period moving average forecast for weekly demand. then compute the measure of error that is most appropriate when the cost of forecast error is proportional to its size. what is the estimate of demand for next week? week demand forecast error absolute error 1 100 2 95 3 102 4 101 5 97 6 103 7 96 8 sme tom 2002 - integration module 2 fall 2020 page 2 of 8 in addition to providing radiology services, ner provides the annual flu vaccine shots for patients. ner could purchase flu vaccines in bulk at a price of $10 per vaccine and the average reimbursement from patient insurance companies was $75 per vaccine. for safety reasons, the company outsourced disposal of excess vaccines at a cost of $5 per vaccine. historically, the average number of flu vaccines provided was 1,200 with a standard deviation of 80. q7. what is the cost per vaccine of exceeding the number of vaccines required? q8. what is the cost per vaccine of not having enough vaccines? q9. how many vaccines should you order?
The method of forecasting that uses only historical data is time series. The 4-period moving average forecast for next week's demand is 99.25. The cost of overestimating is $65, and the cost of underestimating is $750. The recommended number of vaccines to order is 1,223.
A 4-period moving average forecast for weekly demand can be computed by adding the demand for the previous four weeks and dividing it by four. The measure of error that is most appropriate when the cost of forecast error is proportional to its size is the mean absolute deviation (MAD), which is calculated by taking the absolute value of the forecast error for each week, adding them up, and dividing by the number of weeks.
Using the data provided, the 4-period moving average forecast for next week's demand would be (97 + 103 + 96 + 101) / 4 = 99.25. The MAD is (5 + 6 + 3 + 2) / 4 = 4, so the estimate of demand for next week is expected to be within plus or minus four patients.
To answer the flu vaccine questions:
The cost per vaccine exceeding the number of vaccines required is $5 (the cost of outsourcing the disposal of excess vaccines).
The cost per vaccine of not having enough vaccines is $65 ($75 reimbursement minus $10 cost per vaccine).
Based on historical data, the average number of flu vaccines provided is 1,200 with a standard deviation of 80. Using a safety stock of 1.65 (corresponding to a 95% service level), the recommended number of vaccines to order would be (1,200 + 1.65 * 80) - 1,200 = 132.
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what has been the main cause in the last half-century for the significant increase of international trade?
The main cause for the significant increase in international trade in the last half-century has been globalization.
Globalization refers to the increasing interconnectedness and interdependence of countries and economies around the world, driven by advances in technology, transportation, and communication. Globalization has led to increased competition and has provided firms with access to larger markets and a broader range of resources. This has resulted in greater efficiency and productivity, which has in turn led to increased economic growth and higher living standards for many people around the world.
In addition, the liberalization of trade policies and the formation of international trade agreements such as the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO), have also played a significant role in facilitating international trade.
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why does the fixed-period model have to cover the time period of t l, while the fixed-order quantity model must cover only the time period l
The fixed-period model and fixed-order quantity model are both inventory management techniques used to determine when and how much to order.
The main difference between these two models is time frame they cover. The fixed-period model requires orders to be placed at fixed time intervals, typically covering entire period of demand from t to l. This is because amount of inventory needed to cover this period can vary, and the fixed-period model allows for adjustments to be made accordingly. On the other hand, the fixed-order quantity model orders a fixed amount of inventory each time an order is placed, covering only the time period l. This is because the quantity ordered remains constant, and only the frequency of ordering varies.
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