It is possible for the following to occur when estimating future bad debt expense:
A. Underestimate future bad debtsB. Overestimate future bad debtsD. Decreasing net income and stockholders equityWhat are the potential outcomes when estimating future bad debt expense?When estimating future bad debt expense, there are several possible outcomes. One of them is underestimating future bad debts which means that the estimated amount set aside for bad debt expense may be lower than the actual amount of bad debts that will occur.
This can lead to financial difficulties for the company, as they may not have enough funds reserved to cover the actual bad debts. On the other hand, it is also possible to overestimate future bad debts. This means that the estimated amount set aside for bad debt expense is higher than the actual amount of bad debts that will occur.
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When estimating future bad debt expense, it is possible to either underestimate or overestimate the amount of bad debts. Underestimating can lead to financial difficulties, while overestimating can decrease net income and stockholders equity.
Explanation:When estimating future bad debt expense, it is possible to underestimate or overestimate the amount of bad debts that will occur.
If a company underestimates future bad debts, this means that they have not set aside enough money to cover the actual losses, which could lead to financial difficulties.
On the other hand, if a company overestimates future bad debts, they may set aside more money than necessary, which can decrease net income and stockholders equity.
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Which of the following is NOT a public good provided by the government?
Electricity is not given away for free. People are charged for the goods or units of power they use. Ths it is not provided by the government as a public good.
What are public goods?
A good or service that can be consumed by one person without excluding others (national defense, flood control, street lights, open-sources software).
A good that the government offers that is both non-excludable and non-rivalrous is known as a public good.
Public goods include things like security, law enforcement, streetlights, and lighthouses. When there is a market failure, governments frequently try to supply public goods.
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4. How do dependent tasks differ from primary tasks?
Answer:
The answer is below
Explanation:
Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.
On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.
Explain the importance of the processor as apart of the computer system.
Answer:
Explanation:
The purpose of a computer processor is to do the actual computation done by the computer, which includes managing the computer's memory, handling input from users, sending them output and doing whatever calculations are necessary.
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Its function is to be the brain of the entire operation of the system, being in charge of directing all the tasks carried out by our team and of executing the code of the different programs, often with the joint help of the rest of the components and peripherals.
Question 1 of 10 If you make a plan to get a certain amount of a project done each day, what skill have you demonstrated? A. Time management B. Punctuality O C. Moral standards D. Integrity
Answer: A
Explanation: not sure, but i think its correct
What can one do to combat using the emotional brain when making financial decisions?
Answer:
not to be controlled by making financial decisions Know when to move on. Be aware of the “I deserve it” mindset. Take a deep breath. Define your requirements. Set financial goals. Surround yourself with the right people.
Explanation:
hope it helps have a nice day with apples)
Activities involved in buying and selling goods on a large scale.
a) gross domestic product
b) inflation rate
c) labor force
d) business cycle
e) recession
f) monopoly
g) fiscal policy
h) monetary policy
i) commerce
j) price fixing
Answer:
I think answer is price fixing
Alex wants to be a psychologist. what is the highest degree alex should plan to earn?
The highest degree Alex should plan to earn is a Doctorate in Psychology.
Why should Alex plan to earn a Doctorate in Psychology?By earning a Doctorate in Psychology, Alex can gain the highest level of education in the field and become a licensed psychologist. This degree will provide Alex with knowledge, advanced research skills and specialized training in a specific area of psychology.
With Doctorate in Psychology, Alex can pursue various career opportunities such as private practice, academia, research or clinical work allowing for a deeper understanding of human behavior.
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Earning a degree can be expensive but which example shows why it might be worth it?
(financing higher education)
Answer:
Earning a degree can be expensive but it can almost guarantee you great job opportunities and great job opportunities can provide great income, and other benefits.
Explanation:
given the production information in the table above, how many workers would be employed if the wage rate were $20.00 per day and if sandwiches sold for $0.50?
26 workers would be employed if the wage rate were $20.00 per day and if sandwiches sold for $0.50.
1. Production information: Use the table to determine the number of sandwiches that can be produced per worker.
2. Wage rate: You mentioned that the wage rate is $20.00 per day.
3. Sandwiches sold: You stated that sandwiches are sold for $0.50 each.
To calculate the number of workers employed, you would first need to find out how many sandwiches need to be sold to cover the wage of one worker. To do this, divide the wage rate by the price of a sandwich ($20.00 / $0.50). Then, use the production information table to find out how many workers are required to produce that number of sandwiches.
Based on the production information in the table, if the wage rate were $20.00 per day and sandwiches sold for $0.50, the total cost of production per day would be $520.00 (40 sandwiches produced x $0.50 per sandwich + 10 loaves of bread x $2.00 per loaf + 15 pounds of meat x $4.00 per pound + 20 tomatoes x $0.50 per tomato). To determine how many workers would be employed, we need to divide the total cost of production by the wage rate per worker. Therefore, $520.00 ÷ $20.00 = 26 workers would be employed.
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Innitrobe is ramping up to begin an erp implementation. to promote its success, innitrobe seeks project oversight and verification and validation of system performance from _____.
In this case, Innitrobe seeks project oversight, verification and validation of system performance from an experienced and independent resource.
What is a system performance?Also known as business performance, its refers to a company's ability to make the best use of the resources it manages in its business activities.
Here, as Innitrobe is ramping up to begin an ERP implementation to promote its business success, its seeks such performance from an experienced and independent resource.
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auditors may review the portion of accounts payable that is ______ at year-end and compare it to corresponding data for previous years
Auditors may review the portion of accounts payable that is outstanding at year-end and compare it to corresponding data for previous years.
When conducting audits, auditors often review the portion of accounts payable that remains unpaid at the end of the fiscal year. This analysis involves examining the outstanding balances owed to suppliers or creditors and comparing them to historical data from previous years.
Accounts payable refers to the amount of money that a company owes to its suppliers or vendors for goods or services received but not yet paid for. Reviewing the outstanding accounts payable at year-end allows auditors to assess the company's financial obligations and evaluate its payment practices.
By comparing the accounts payable balance at year-end to the corresponding data from previous years, auditors can identify any significant changes or trends. This analysis helps in assessing the company's liquidity, financial stability, and adherence to payment terms. It also allows auditors to identify any irregularities or potential issues related to accounts payable, such as discrepancies, delays in payment, or changes in vendor relationships.
Overall, reviewing the portion of accounts payable at year-end and comparing it to historical data provides auditors with valuable insights into a company's financial health and payment practices, enabling them to fulfill their auditing responsibilities effectively.
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if you think the appropriate discount rate is 8%, what is the most you would be willing to pay for this investment today
The most I would be willing to pay for this investment today is the present value of its expected cash flows, discounted at 8%.
In order to calculate the most I would be willing to pay for this investment today, I must first calculate the present value of its expected cash flows. To do this, I must first determine the expected cash flows. This involves forecasting future cash inflows and outflows, and then discounting them at 8%, which is the discount rate I have selected.
After I have determined the present value of the expected cash flows, I must then subtract any applicable costs, such as acquisition and transaction costs, to arrive at the most I would be willing to pay for the investment today.
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In each of the following cases justify whether or not the expenditure should be capitalized: (a) A new engine is fitted to a machine, which will increase its production capacity from 100,000 units a year to 140,000 units a year. (b) Replacement of rotting windows in the head office. (c) Replacement of an aircraft engine every five years.
(a) The expenditure on fitting a new engine to a machine should be capitalized. The reason for capitalization is that the new engine will increase the production capacity of the machine.
By increasing the production capacity, the machine's future economic benefits are enhanced, leading to increased revenue generation and improved long-term productivity. Therefore, the expenditure meets the criteria for capitalization as it enhances the machine's future earning potential.
(b) The expenditure on replacing rotting windows in the head office should be expensed rather than capitalized. This is because the replacement of rotting windows is considered a maintenance expense. It does not increase the future economic benefits or extend the useful life of the head office building. Instead, it is necessary for maintaining the existing condition of the building and ensuring the safety and functionality of the windows. Such expenses are typically recognized as expenses in the period they occur rather than being capitalized.
(c) The expenditure on replacing an aircraft engine every five years should be capitalized. The reason for capitalization is that the replacement of an aircraft engine is considered a significant improvement that extends the useful life and enhances the performance of the aircraft. The new engine will provide increased reliability, improved fuel efficiency, and compliance with updated regulations. These enhancements contribute to the future economic benefits and increased value of the aircraft. Therefore, the expenditure should be capitalized as it adds value to the asset and increases its future earning potential.
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State one financial objective for LEGO.
3 Marker
Answer: Building, un-building, rebuilding, thereby creating new things and developing new ways of thinking about ourselves, and the world.
Explanation: looked at Lego. com.
I hope it’s right, sorry if it’s not. Best of luck :)
The petty cash fund is a a.special equity fund. b.special expense fund. c.special cash fund. d.special revenue fund.
Answer:
c.special cash fund
Explanation:
The petty cash fund is a special cash fund in which the small amount of the cash kept on hand for paying out the minor expenses like office supplies, etc
So as per the given situation, the petty cash fund is the special cash fund
Therefore the option c is correct
And, the rest of the options are incorrect
Problem #7 ( ) Eisler Company sells Kitchen Aid stoves for $6,000 each. The price includes a two-year warranty. During 2021, the company sold 500 stoves. Based on past experience, the warranty costs are estimated to be $200 per stove. The actual warranty costs paid by Eisler during 2021 were $85,000. Eisler has a December 31 fiscal year-end. Instructions: a) Prepare journal entries to record the estimated warranty expense and the actual warranty payments for the year on December 31, 2021. b) Assume the warranty liability account had a debit balance of $10,000 on January 1, 2021. What is the balance on December 31,2021 (after a) is done)? (1 Mark)
a) Journal entries:
December 31, 2021: Estimated Warranty Expense of $100,000 is recorded by debiting Estimated Warranty Expense and crediting Warranty Liability.
December 31, 2021: Actual warranty payments of $85,000 are recorded by debiting Warranty Liability and crediting Cash.
b) Balance on Warranty Liability account on December 31, 2021: $25,000.
a) Journal entries to record the estimated warranty expense and the actual warranty payments for the year on December 31, 2021:
December 31, 2021:
Estimated Warranty Expense 100,000
Warranty Liability 100,000
(To record the estimated warranty expense for the year)
December 31, 2021:
Warranty Liability 85,000
Cash 85,000
(To record the actual warranty payments made during the year)
b) The balance on the Warranty Liability account on December 31, 2021, after the journal entries in part a) are done, can be calculated as follows:
Beginning balance (January 1, 2021): $10,000 (given)
Add: Estimated warranty expense during the year: $100,000 (from part a)
Less: Actual warranty payments during the year: $85,000 (from part a)
Balance on December 31, 2021: $25,000
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What is the importance of office equipment in the office?
Office equipment is an essential component of any office as it plays a vital role in improving the efficiency and productivity of employees.
Some of the important reasons why office equipment is necessary include:
Improved Communication: The use of office equipment such as telephones, fax machines, and email systems helps employees communicate quickly and efficiently with colleagues, clients, and suppliers, which can improve productivity and reduce errors.
Enhanced Efficiency: Equipment such as printers, scanners, copiers, and projectors can help employees complete tasks more quickly and accurately, reducing the time and effort required to complete routine office tasks.
Improved Quality: High-quality office equipment, such as computers and monitors with the latest software, can help employees produce work that is of higher quality and more professional.
Cost Savings: Investing in efficient and reliable equipment can help reduce costs associated with downtime, maintenance, and repairs. Additionally, using energy-efficient equipment can help reduce energy costs.
Better Customer Service: Equipment such as customer relationship management (CRM) software, call center software, and automated call routing systems can help improve the quality and speed of customer service, which can improve customer satisfaction and loyalty.
In summary, office equipment is essential in today's modern office environment, and investing in high-quality and efficient equipment can have a significant impact on the productivity, efficiency, and success of a business.
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A decline in the value of the U.S. dollar will likely result in an increase in the —answer choices- price of products- use of credit card- amount of gold reserves- use of bartering
A drop in the american dollar will probably lead to a rise in goods
prices.
Which nation has the highest dollar?Iraqi Dinar (KWD) The Kuwaiti pounds has continued to be the most valued currency ever because of Kuwait's steady economy. Because it possesses one of the greatest reserves in the world, the economy of the nation is heavily dependent on oil exports.
Is a dollar increase anticipated in 2022?By the conclusion of this quarter, experts and Trading Economics' global macro models predict that the US dollar will be trading at 106.21. Looking forward, we predict it will trade at 110.87 in a year.
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Your beloved 15-year-old dog is very sick. He won’t eat, can barely walk, and looks miserable. The vet says you
should consider “putting him down” to spare him suffering. You can’t bear to part with him. What should you do?
Answer:
Put him down. If you truly love your dog you would put your feelings aside and end his pain.
I've had to make this decision before and it is incredibly painful, but it's for the sake of your dog.
To examine
the weekly payroll of all employees, one would look at the:
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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Imagine you buy five burgers, two books, and a pair of jeans each period. In period 1,
burgers are $5, books are $12, and jeans are $30. In period 2, burgers are $6, books are
$14, and jeans are $28. What is the CPI based on your consumption?
Answer:
To find the answer, we use the Consumer Price Index (CPI) formula:
CPI = ( Cost of Market Basket in a Given Year / Cost of Market Basket in Base Year ) * 100
In this case, we will assume that the base year is period 1, and the given year is obviously period two.
Now, we simply plug the amounts into the formula:
CPI = ( 6 + 14 + 28 / 5 + 12 + 30 ) * 100
CPI = ( 48 / 47 ) * 100
CPI = 102.13
In other words, the inflation rate for this CPI was 2.13%
Puffery is an example of which of the following deceptive or misleading advertising techniques?
Question 12 options:
ambiguity
exaggeration
psychological appeals
concealment of facts
Puffery is an example of the deceptive advertising technique of exaggeration. Hence, option b is the correct answer.
Puffery involves making exaggerated claims or statements about a product or service, often using subjective or vague language that cannot be proven or disproven. This technique is used to make a product or service appear more attractive or desirable to consumers, without necessarily providing any concrete information or evidence to support the claims made. While puffery is not necessarily illegal or unethical, it can be misleading and potentially deceptive if it crosses the line into making false or misleading statements. As such, it is important for advertisers to be careful not to overstate the benefits or qualities of a product in a way that could mislead consumers. At the same time, consumers should be aware that some level of exaggeration or puffery is common in advertising and should approach advertising claims with a healthy dose of skepticism, always looking for evidence to support the claims made. Overall, while puffery may not be the most honest or transparent advertising technique, it is a common practice in the industry and can be effective in attracting consumers' attention and interest.
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Ava has a large inventory of electric generators in a database table. Her boss asked her to create a
table of 100 to 500 kilowatt generators that can also be used during freezing weather. How can Ava
use this table to create a promotion for their customers?
As the existing customer of the company is concern, the list of individual of the database can be incentivized either by sales discount or gift during their next purchase of generator in the company.
What is Promotion in marketing?In marketing, a promotion refers to an form of communication, contact or action aimed at influencing people to buy more of their products or services.
In conclusion, as the existing customer of the company is concern, the list of individual of the database can be incentivized either by discount or gift on their next purpose of generator in the company.
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which investment would generally be inappropriate for a 25 year old with a traditional ira invested for his/her retirement?
A substantial and permanent investment in money market mutual funds investment would generally be inappropriate for a 25-year-old with a traditional ira invested for his/her retirement.
An investment is an asset or item received with the aim of generating income or appreciation. Appreciation refers to growth within the fee of an asset through the years. whilst individual purchases a great as funding, the intent isn't always to eat the best however as an alternative to apply it inside the future to create wealth.
investing is an effective way to put your cash to work and doubtlessly build wealth. smart investing may additionally permit your money to outpace inflation and boom in cost. The greater increased ability to invest is primarily because of the strength of compounding and the danger-return tradeoff. funding is an asset that is received with the anticipation of generating a profit or profit or rate appreciation. The advantage derived from the funding is known as a return. chance and returns are without delay proportional (i.e.) the higher the risk, the better the returns.
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Question 6(Multiple Choice Worth 4 points)
(02.08 LC)
Which type of professional would help the government determine where to set the price of oranges for U.S. markets?
O Consumers
O Economists
O Exporters
Importers
Answer:
Explanation:
Economists
To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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Which statement is true about letters of credit?
OA. They are described in Article 4A of the UCC.
B. They are frequently used by new businesses.
C. They are issued by businesses to banks.
OD. They are used only for domestic transactions
Answer:
B. They are frequently used by new businesses.
Explanation:
Letters of credit are frequently used by new businesses because they are new and can be a financial risk investment because of how unstable they can be when starting off. Letters of credit guarantees the safety of the payments to another a bank.
Aaron jefferies has located a condominium he would like to buy, and he would like the current owners to leave all window coverings in the condo. this condition should be included in the
Aaron Jefferies has found the condo he wants to buy, and he has a specific demand for the current owner to leave all the window coverings in the condo. This condition should be included in 2 documents: the purchase offer and the purchase contract.
What are the purchase offer and the purchase contract?The purchase offer is also known as the Purchase Agreement. This document contains a written proposal as an offer to purchase a property with certain conditions. In this document, the offer has not yet been agreed upon. Meanwhile, the purchase contract/agreement (in some cases also called a real estate contract) is an actual agreement between a seller and a buyer in which the offer has been agreed upon.
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If 1m people are unemployed and the potential labour force is 30m, what is the unemployment rate
Answer:
total labour= 40m
unemployement rate= 1000000/40000000*100%= 2.5%
Explanation:
many project management activities occur as part of the planning process group. T/F
True. In project management, the planning process group is one of the five process groups that include initiating, planning, executing, monitoring and controlling, and closing. The planning process group is where most of the project management activities occur, and it involves the creation of a project management plan that outlines how the project will be executed, monitored, and controlled. The project management plan includes various subsidiary plans such as the scope management plan, schedule management plan, cost management plan, quality management plan, risk management plan, and stakeholder management plan, among others.
During the planning process group, project managers identify the project objectives, scope, deliverables, and requirements. They also develop a project schedule, budget, and resource plan. In addition, they create a risk management plan that identifies potential risks and outlines strategies for managing them. Other activities that occur during the planning process group include defining project roles and responsibilities, creating a communication plan, and obtaining approvals from stakeholders.
In summary, the planning process group is critical to project success, and it involves a range of project management activities that enable project managers to plan and execute projects effectively.
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