Claims for future collection from customers
Answer:
Accounts receivable
Explanation:
Accounts receivable is an account that records money that customers owe a business. It represents money that a business expects to collect from customers for goods and services already delivered, but payment is not yet made.
Accounts receivable are treated as currents assets. The business expects to collect the money within the financial year. Account receivables arise when the business sells goods or services on credit.
epreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $4,500 and a two-year service life.The company estimates future uncollectible accounts. The company determines $13,000 of accounts receivable on January 31 are past due, and 30% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 4% of these acc
Complete question text:
1. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated residual value of $4,500 and two-year service life. Equipment cost $16,000
2. The company estimates future uncollectible accounts. The company determines $13,000 of accounts receivable on January 31 are past due, and 30% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 4% of these accounts are estimated to be uncollectible.
Account Receivable 46,400
Allowance 4,300
Answer:
depreciation expense 479.17 debit
accumulated depreciation - equipment 479.17 credit
-----
uncollectible account expense 2,236 debit
allowance for uncollectible amount 2,236 credit
Explanation:
We solve for the yearly depreciation:
(cost - residual value) / useful life
(16,000 - 4,500) / 2 = 5,750 per year
monthly depreciation: 5,750 / 12 = 479,17
--------------------
We solve for the different receivables ages:
13,000 x 40% = 5,200
46,400 - 13,000 = 33,400 not past due
33,400 x 4% = 1,336
we add them together and get 6,536
now we compare against the current allowance to determiantethe adjustment:
6,536 - 4,300 = 2,236
This information relates to Sunland Co.. 1. On April 5, purchased merchandise from Blossom Company for $26,400, terms 4/10, n/30. 2. On April 6, paid freight costs of $590 on merchandise purchased from Blossom Company. 3. On April 7, purchased equipment on account for $33,900. 4. On April 8, returned $5,200 of April 5 merchandise to Blossom Company. 5. On April 15, paid the amount due to Blossom Company in full. (a) Prepare the journal entries to record the transactions listed above on Sunland Co.’s books. Sunland Co. uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Debit Credit 1. choose a transaction date enter an account title enter a debit amount enter a credit amount.
Answer and Explanation:
The journal entries are shown below:
1. Merchandise inventory $26,400
To Account payable $26,400
(Being purchase is recorded)
2. Merchandise inventory $590
To Cash $590
(Being freight paid)
3. Equipment $33,900
To Account payable $33,900
(Being purchase of an equipment is recorded)
4. Account payable $5,200
To Merchandise inventory $5,200
(Being purchase return is recorded)
5. Account payable $21,200 ($26,400 - $5,200)
To Cash $20,352
To Merchandise inventory ($21,200 × 0.04%) $848
(Being the amount paid is recorded)
Why did the Indians crossed the Americans boarder
because many of them, well in most cross the border into the United States for better opportunities, or because of risky causes in their home country, can vary the reason why they cross
Suppose 2-year Treasury bonds yield 3.3%, while 1-year bonds yield 2.7%. r* is 1%, and the maturity risk premium is zero. Using the expectations theory, what is the yield on a 1-year bond, 1 year from now? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal places. % What is the expected inflation rate in Year 1? Year 2? Do not round intermediate calculations. Round your answers to two decimal places. Expected inflation rate in Year 1: % Expected inflation rate in Year 2: %
Answer:
3.90%
1.7%
2.9%
Explanation:
Give the following :
Yield on 2 years Treasury bond (Y2) = 3.3% = 0.033
Yield on 1 years Treasury bond (Y1) = 2.7% = 0.027
r* = risk free rate = 1%
Yield on 1 year bond, 1 year from now :
Compounded yield on yield 1 at 2.7% + Interest on return = compounded yield on 2 years bond :
(1 + 0.027) = yield on year 1
(1 + y) = yield one year from now
(1 + 0.027)¹ + (1 + y)¹ = (1 + 0.033)²
1 + y = (1 + 0.033)² / (1 + 0.027)¹
1 + y = 1.067089 / 1.027
1 + y = 1.0390350
y = 1.0390350 - 1
y = 0.03903
Yield = 0.039 * 100% = 3.90%
Inflation premium = yield rate - Risk free rate - maturity risk premium
Maturity risk premium = 0%
Hence,
For year 1
Inflation premium = 2.7% - 1% - 0% = 1.7%
For year 2:
Inflation premium = 3.9% - 1% - 0% = 2.9%
How and why is SWOT (strengths, weakness, opportunities, and threats) used in the marketing plan ?
Answer:
SWOT Analysis is a simple but useful framework for analyzing your organization's strengths, weaknesses, opportunities, and threats. It helps you to build on what you do well, to address what you're lacking, to minimize risks, and to take the greatest possible advantage of chances for success.
Explanation:
PLEASE ANSWER QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Manuel wants to better manage his money and has started to seriously focus on financial planning. He has looked at his accounts and his other resources. What is the NEXT step Manuel should take in the financial planning process?
Identify his short-term and long-term financial goals.
Identify his potential goals.
Periodically review and revise his financial plan.
Answer: A. Identify his short-term and long-term financial goals.
Explanation:
You're welcome :)
After going over his accounts and resources, Manuel should reflect on his short-term and long-term financing.
What is short and long-term finance?Short period financing methods cast off a mortgage to make a purchase, commonly with a time period of much less than 365 days. Trade credit, commercial bank loans,commercial paper and secured loans.
Long period finance may be described as any economic device with an exceeding one year, consisting of financial institution loans, bonds, leasing, and different sorts of debt finance, public finance instruments.
So from the above declaration, it's clear that short and long-time period financing, is the ideal answer.
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Randall describes his job this way.
"I visit different office buildings and service heating and cooling units that are not working properly."
Which of the Construction industry careers is Randall most likely part of?
O Landscaping
O Construction
O Maintenance/Operations
O Design/Pre-Construction
Help now please
Answer:
It is most likely c
Explanation:
Answer:
The correct answer is C.
Explanation:
Randall is most likely part of Maintenance/Operations.
Hopefully, this helps! :D
Ask your question below!
the greater the dash the easier the object will move
Answer:
correct. its true and I absolutely agree with you. good job
Explanation:
Bc y=2x-1^3 is the equation
What are the activities that should take place during the performing stage Business studies
Answer: See explanation
Explanation:
According to Tuckman, he believed that there are five developmental stages for every team which are:
1. forming stage
2. storming stage
3. norming stage
4. performing stage
5. adjourning stage.
The performing stage involves the stage at which there's confidence and motivation among the team members and they can actually work on the project without being supervised.
At this stage, members have a strong relationship and readily assist each other. Tasks are being delegated to the group by the leader of the team. Also, when there are conflicts, they are easily and quickly resolved.
Which of the following are types of evidence that can be used to support a
controlling idea? *
facts (statements that can be proved true)
statistics (data that is gained from research)
examples (specific instances of a general idea)
anecdotes (brief stories that illustrate a point)
all of the above
Answer:
all of the above
Explanation:
The controlling idea is the text that grabs the reader's attention in a paragraph or headline. It arouses curiosity in the audiences. The controlling idea makes people eager and anxious for details. In support of the controlling idea, the writer uses evidence to paint a clear picture of the events or story.
Some of the evidence that a writer can use include
Verifiable facts and dataReal-life stories and experiencesResearch outcomesFactual information in the public domainIf the price of gasoline increases, most likely, ceteris paribus, the result will
be:
A. An increase in the demand for cars.
B. An increase in the supply for cars
C. A decrease in the supply for cars
D. A decrease in the demand for cars
Answer:
A
Explanation:
Hello i am happy to answer this for you.
I believe the answer is D
My reasoning is that if the gasoline prices went up people will not want to pay for the gas anymore so people will not want gas fueled cars if they have to pay a higher price for the gasoline.
Sry if wrong
Which describes the jobs of these three individuals?
O Prudence is a Special Education Teacher, Sangita is a Distance Learning Coordinator, and Edmond is
Psychologist
O Prudence is a Kindergarten Teacher, Sangita is a School Principal, and Edmond is an Educational Cou
O Prudence is a Pre-School Teacher, Sangita is a Regulator Affairs Specialist, and Edmond is a Guidance
Counselor,
O Prudence is a Tutor, Sangita is an Instructional Coordinator, and Edmond is an Instructional Designer.
Answer:
Answer is C
Explanation:
Answer: C - Prudence is a Pre-School Teacher, Sangita is a Regulator Affairs Specialist, and Edmond is a Guidance Counselor.
Explanation: good luck!
The ____ section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.
The statement of work section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.
I hope this helps :)
Which is one reason why a business may want to move entirely online?
Answer:To focus on a global market
Explanation:
Focusing on a global market can help with sells and you can profit off of it.
True or false: Good intuition is just as important as good research. NEED ANSWERS FAST
Answer:
True
Explanation:
I jus got 100% on the quiz.
The type of cover letter written to inquire about possible job openings: a. Networking letter b. Prospecting letter c. Application letter d. Follow up letter Please select the best answer from the choices provided A B C D
The type of cover letter written to inquire about possible job openings: b. Prospecting letter.
What is prospecting letter?Prospecting letter can be defined as the type of cover letter writing by a prospective applicant to a company or human resources manager so as to inquire about a job opening.
The applicant tend to include the the following in the cover letter:
QualificationSkillsExperience Why he/her is suitable for the job and what he/she can offerWhy the applicant should be invited for an interview Why he/her should be given the jobInconclusion the type of cover letter written to inquire about possible job openings: b. Prospecting letter.
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Answer:
b.
Prospecting letter
Explanation:
i took the test
Q 19.22: Portland and Hadley operate in the same industry. Portland's sales, variable costs, and fixed costs are $1,000,000, $700,000, and $100,000, respectively. Hadley's sales, variable costs, and fixed costs are $1,000,000, $400,000, and $400,000, respectively. If each company experiences an equal increase or decrease in sales, Hadley's income will
Answer:
Go up or down by the same amount as Portland’s because both companies have equal net income
Explanation:
Here are the options to this question :
A: Go up twice as much as Hadley’s, but go down only half as much as Portland’s.
B: Go up or down twice as much as Portland’s.
C: Go up or down by the same amount as Portland’s because both companies have equal net income.
D: Go up or down half as much as Portland’s.
Income = Revenue - total costs
total costs = fixed costs + variable cost
For Portland
$1,000,000 - ($700,000 + $100,000) = $200,000
For Hadley :
$1,000,000 - ($400,000 + $400,000) = $200,000
If each company experiences an equal increase or decrease in sales, Hadley's income will increase and decrease as much as Portland's because both companies have equal net income
6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)
Explanation:
Your Credit History
Your Ability To Pay The Loan
Your Cash Flow History
What is product positioning?
Answer:
Product positioning is a form of marketing that presents the benefits of your product to a particular target audience
Answer:
Description Positioning refers to the role that a brand occupies in the minds of the consumers and how it varies from the competitors' goods and from the brand recognition concept.
Explanation:
What line will you type an email address on if you want a person's email to remain
private ?
A) Subject
B) осс
C) Blind Carbon Copy
D) Signature
Answer:
for a persons email to remain private the line you will use is Blind Carbon Copy (BCC)
cookiesamichael12345678
Answer: ?
Explanation:
Girl what does that mean, either you can count right or thats a username
a. Sold merchandise for cash (cost of merchandise $20,797). $ 35,200 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $240 ). 400 c. Sold merchandise (costing $3,800 ) to a customer on account with terms n/60. 8,000 d. Collected half of the balance owed by the customer in (c). 4,000 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 128 Hair World is considering a contract to sell merchandise to a hair salon chain for $13,000. This merchandise will cost Hair World $9,040. What would be the increase (or decrease) to Hair World’s gross profit and gross profit percentage?
Answer:
The Gross profit will be "18315".
Explanation:
Gross sales
= [tex]35200+8000[/tex]
= [tex]43200[/tex]
Less:
Sales return
= [tex]-400[/tex]
Less:
Sales allowance
= [tex]-128[/tex]
The net sales will be
= 42672
So,
⇒ Cost of goods sold = [tex]20797+3800-240[/tex]
= [tex]24357[/tex]
⇒ Gross Profit = [tex]Net \ Sales-Cost \ of \ goods \ sold[/tex]
= [tex]42672-24357[/tex]
= [tex]18315[/tex]
Which of the following is the appropriate rank of sectors (from lowest to highest percentage) of the U.S. Gross Domestic Product (GDP)?
agriculture, services, industry
agriculture, industry, services
industry, agriculture, services
services, industry, agriculture
Answer:
B). Agriculture, Industry, Services.
Explanation:
The United States is a highly developed country owning a mixed economy. Its GDP and net wealth makes it the largest economy of the world. The economy of the United States in divided into three major sectors i.e. Agriculture or the primary sector, the Industrial sector, and the service sector. The service sector contributes most to the US economy with 68% of its contribution. The primary sector contributes 5.4% to the GDP and the industry with 26.6% of its contribution to the development of U.S. economy. Thus, option B is the correct answer.
What is the definition of business
Answer:
See below
Explanation:
Business refers to the practice of producing or purchasing goods and services for sale to make a profit. It is the act of engaging in commercial activities of buying and selling products and services for profits.
Business entails individuals and companies' activities of supplying desired products and services to customers with profit motives. A businessperson identifies a need in the community. He or she sells to the community goods or services that satisfy that need a higher price to make a profit.
If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3% thereafter, the bond is called a bond. Which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity? Deferred call provision Call provision Put provision Convertible provision Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue? Sinking fund provision Declining call provision Deferred call provision
Answer:
If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3% thereafter, the bond is called a FLOATING RATE bond.
Which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity?
CALL PROVISION
When issuers call a bond, it means that they redeem an outstanding bond before its maturity date. E.g. a bond matures in 10 years, but the issuer decides to redeem them (buy they back) in 2 years
Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue?
DEFERRED CALL PROVISION
Something that is deferred is something that has been postponed. So a deferred call provision is a call provision that is postponed for a certain amount of time. I.e. if the issuer wants and is able to call the bond, they must wait until a certain amount of years pass.
Explain the importance of profit to the economy.
Answer:
Explanation:
Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products
THANKS FOR TODAY FOR THE PEOPLE WHO HELPED
Answer:
Nice to bad I din't help
A government adopts a less progressive rate on income taxes. According to
the table, which citizen is more likely to pay a larger percentage of his or her
income in taxes as a result of this fiscal policy?
Citizens
Citizen A: A wealthy business owner
Citizen B: A poor farmer
A. Neither citizen
B. Citizen A
C. Citizen B
D. Both citizens
A wealthy business owner is more likely to pay a higher percentage of his or her income in taxes under progressive rate on income taxes.
what is progressive tax system?Progressive tax system refers to a tax system that increases tax rate as the taxable income increases.
For example, a progressive tax system would increase the tax rate from 3% to 20% if the income bracket of the individual increases.
Therefore this type of tax system favors individuals in lower income bracket as they pay less with respect to percentage of their income when compared to wealthy individuals
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Answer:
its citizen B
Explanation:
took the test
what policy is a way the SEC protects investors