Strategic management is considered to be an integral part which is of the business.
Business is considered to be an integral part of our modern society. So, it is an organized and systematic activity in order for earning the profit. It is also concerned with the activities which is of people who are working towards a common economic goal.
In business, strategic management tend to provide certain overall direction which is mainly by developing plans and certain policies which are mainly designed in order to achieve the objectives.
Hence, this is also done by allocating the resources to implement the plans.
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Which of the following would cause stagflation? a. aggregate demand shifts right b. aggregate demand shifts left c. aggregate supply shifts right d. aggregate supply shifts left 10. Which of the following will cause stagflation? a. b. c. d. 11. an increase in the money supply an increase in oil prices a decrease in the money supply technical progress
Among the given choices short-run aggregate supply shifts left would cause stagflation
An economic cycle known as stagflation is characterized by weak growth, a high unemployment rate, and inflation. This confluence is particularly challenging for economic officials to manage because trying to address one of the issues can make another worse. Stagflation, which economists formerly believed to be impossible, has repeatedly happened in the industrialized world since the oil crises of the 1970s.
Stagnation is characterized by high unemployment, a decline in gross domestic product (GDP), stagnant wages, and other characteristics. It occurs when economic growth has slowed down or stopped altogether.
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a company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: purchase price of the land $ 660,000 sale of salvaged parts already on land $ 23,000 demolition of the old building $ 24,000 ground-breaking ceremony (food and supplies) $ 1,700 land preparation and leveling $ 6,900 what amount should be recorded for the purchase of the land?
For something like the purchase of both the land, a record number of $437,500 should indeed be recorded.
What exactly do users mean by costs?
Costs are the monetary value of spendings for goods, services, labor, products, equipment, and other pay for the goods to be used by a company or other accounting entity in accounting. It is the quantity denoted as the price on invoices and recorded as an expenditure or investment cost basis in bookkeeping records.
What are some examples of costs?
These include the cost of raw materials and machinery, wages paid to employees, electricity bills, the cost of hiring as well as making purchases a building or plot, and so on. Accounting costs are considered expenses.
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Online reputation management (ORM) includes the following practices, except:
O determining if, when, and how to respond to a negative comment about a brand online
O monitoring the web for negative content
O identifying all of the backlinks for the site
O ensuring that searchers find positive information about a brand online
Online reputation management (ORM) includes the following practices, except identifying all of the backlinks for the site. Hence, option C is correct.
What is Online reputation management?Online reputation management is the technique of constructing a brand's online reputation by removing false information, posting popular content, and making it visible with the aid of other internet algorithms. For a user, the brand must show or offer accurate answers to their questions.
Earned, paid, and owned content are the three basic building blocks in the area of online reputation management. Note: I've described each of these three using the word "content." Additionally, the term "media" can mean either. Here is an effective approach to picture them.
Thus, option C is correct.
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a major industrialized state has a state corporate tax rate of 9.6% of taxable income. if a corporation has a state taxable income of $275,000, what is the total state and federal income tax it must pay? also, compute its combined incremental state and federal income tax rate.
The answer to the question indicates that the total taxable income is $2,60,600 and that the total marginal rate of federal, state, and local income taxes is 44.86%.
What does "income tax" mean?Both people and businesses must pay the entire (or family units). Individual tax rates are computed based on the money received. Typically, it is categorized as a tax since the burden is thought to fall on the people who pay it.
Briefing :The local tax can be calculated as follows:
State Tax = $275,000 * 0.096
State Tax = $26,400
You can estimate your federal taxable income as follows:
The federal taxable income = $275,000 - $14,400
The federal taxable income = $2,60,600
The tax rate for salaries between 100,000 and 335,000 is now 39%, or 22,250 + 39% above 100,000, as shown in the table also with federal tax rates. Thus,
Federal Tax = $22,250 + 0.39 ($2,60,600 - $100,000)
Federal Tax = $84,884
Therefore,
Total Tax = Federal Tax Plus All State Taxes
Total Tax = $14,400 + $84,884
Total Tax = $99,284
Hence,
The combined incremental state and federal income tax rate = 0.096 + 0.39 (1 - 0.096)
The additional federal and state income tax rate is equal to 0.4486 percent, or 44.86%.
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Why GATT is replaced by WTO?
The fact that the GATT was biased in favor of a industrialized nations was one of the key causes of its demise.
What is GATT what does it do?The General Tariffs and Trade Agreement (GATT), which was ratified by 23 nations in 1947, lowers trade restrictions by doing away with or lowering quotas, tariffs, or subsidies. It was intended to hasten the post-World War II economic recovery.
Are GATT & WTO the very same thing?The General Tariffs and Trade Agreement is known as the GATT. The International Trade Organization is known as the WTO. Its World Trade Organisation( wto is an established work whose authority has been accepted by it has many member nations, unlike GATT, which was a international treaty with such a brief international existence.
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At the output level that maximizes total surplus
A) marginal benefit exceeds marginal cost by the greatest amount.
B) consumer surplus exceeds producer surplus by the greatest amount.
C) the maximum willingness to pay for the last unit of output equals the minimum acceptable price of that unit of output.
D) the areas of consumer and producer surplus necessarily are equal.
At the output level that maximizes total surplus the maximum willingness to pay for the last unit of output equals the minimum acceptable price of that unit of output.
A market's total surplus serves as a gauge for the general well-being of all participants. Combined consumer and producer surplus make up this total. Consumer surplus is the difference between what customers are ready to pay and what they actually pay for a product.
The price a seller receives and their willingness to sell each quantity at that price is known as the producer surplus.
At market equilibrium, total surplus is maximized. At equilibrium, the price is the maximum amount which consumer can pay and minimum acceptable amount by the seller.
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the flexible budget for production of copper wire by metalworks, inc. includes a budget based on 50,000 units produced per month. for this level of production, indirect materials are $206,000, indirect labor is $148,000, utilities are $18,000, depreciation is $64,000, and supervision is $5,000. in the month of january, they spent $205,472 for indirect materials, $149,594 for indirect labor, and $19,650 for utilities to make 50,000 units of wire. what was the difference in variable costs for january?
The difference in variable costs for January is 2716.
What is variable costs?A variable cost is an expense that changes depending on production output or sales. Variable expenses increase in response to increasing output or sales and decrease in response to the opposite. Variable costs are impacted by variations in production or sales volume, but fixed costs are not.
Particulars Budget Actual
Indirect Material 206000 205472
Indirect Labour 148000 149594
Utilities 18000 19650
Total 372000 374716
Difference in variable costs= 372000-374716
Difference in variable costs= 2716
The variable costs involved in the production in the given question is indirect labor and materials, and utilities. Depreciation and supervision is a fixed cost, it is not related to production of the goods.
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FILL IN THE BLANK. the net exports effect is the inverse relationship between net exports and the ____ of an economy.
The net exports effect is the inverse relationship between net exports and the price level of an economy.
One element of aggregate demand is net exports; a change in net exports alters the aggregate demand curve and has a short-term impact on real GDP. A decrease in net exports reduces aggregate demand, whereas a rise in net exports increases it, all else being equal.
A higher price level raises the relative price of domestic exports to other nations while lowering the relative price of international imports from other nations. This is how the net-export impact works. Because of this, exports are down, imports are up, and net exports are down as a result.
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How many sprints are in agile?
Agile development varies from traditional Waterfall development in that it is completed in less time and with fewer features. 30 day sprints are in agile.
Agile (also spelled "agile") practises in software development include requirements discovery and solution improvement through collaborative work of self-organizing and cross-functional teams with their customer(s)/end user(s), adaptive planning, evolutionary development, early delivery, continuous improvement, and flexible responses to changes in requirements, capacity, and understanding of the problems to be solved. These ideals and concepts, which were popularised in the 2001 Manifesto for Agile Software Development, were developed from and serve as the foundation for a wide range of software development frameworks, including Scrum and Kanban.
Although embracing agile methods and beliefs increases the performance of software professionals, teams, and organisations, there is little to no empirical support for this claim.
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Will a bank loan me money with no credit?
You can obtain a personal loan even if you have no credit history. However, you might have to cope with higher interest rates and unfavorable lending terms if you apply for an unsecured loan.
What loan can you get without credit the quickest?The loans that are the easiest to be approved for are payday loans, auto title loans, pawnshop loans, and no credit check personal loans. Because they provide fast cash and have few requirements, these loans are available to people with bad credit. Most of the time, they are also very expensive.
Can someone with no credit get a $2,000 personal loan?If you really must, you can acquire a $2,000 loan with no credit. Even if a lender does agree to work with you, they will probably charge you much higher interest rates and an origination fee than they would if you had a track record of good credit. A bank gave me a loan without running my credit.
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what should a supervising broker do if a licensee steers a member of a protected class to view properties in a particular neighborhood
A supervising broker should educate the licensee about housing discrimination if a licensee steers a protected class member to view properties in a particular neighborhood.
The term "supervising broker" refers to one of the following: I the specific broker who shall be appointed by the principal broker to oversee the rendering of real estate brokerage services by the associate brokers and salespersons assigned to branch offices; or
(ii) the broker, who may be the principal broker, appointed by the principal broker to oversee a designated agent as defined in 54.1-2130 of the Code of Virginia. In Montana, a Supervising Broker Endorsement is necessary to oversee salesmen.
You must have a broker license in Montana and finish the 8-hour Supervising Broker Pre-Endorsement Course in order to receive the Supervising Broker Endorsement.
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What are 4 international trade agreements?
International trade is governed through trade agreements between two or more countries. Various product categories, a single category of goods, or both imports and exports may be covered under a single agreement.
TRADE AGREEMENTS1. Agreement Included in GATT: The General Agreement on Tariffs and Trade (GATT), which underwent a considerable revision in 1994, is a key component of the WTO claims. The GATT also includes specific agreements designed to address certain non-tariff obstacles. One of the key WTO trade accords is this one.
2. Agreement on Textile and Apparel (ATC): Under the WTO, trade agreements were created to gradually eliminate the quota limits that wealthy countries had placed on the supply of textiles and clothing from poor countries. Under the Multi-Fiber Arrangement (MFA), which was itself a significant divergence from the GATT's fundamental concept of free trade in commodities, the industrialized countries were imposing various types of quota barriers.
3. General Trade Services Agreement (GATS)
Services refer to acts or renderings that are fundamentally immaterial and cannot be felt or smelled in the same way that products can. Due to the fact that GATS includes services in the scope of the multilateral rules and regulations, it is recognized as a major Uruguay Round accomplishment. The fundamental principles guiding "trade in goods" have been extended to "trade in services" as a result of GATS.
4. Convention on Trade-Related Aspects of Intellectual Property (TRIPS)
The Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement was negotiated by the WTO between 1986 and 1994. The laws governing intellectual property rights were initially addressed and established as a component of the multilateral trade system during the Uruguay Round of GATT negotiations. Information of commercial worth, such as concepts, inventions, artistic expression, and others, is referred to as intellectual property.
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find the accumulated present value of an investment over a 16-year period if there is a continuous money flow of $3100 per year and the current interest rate is 11%, compounded continuously.
The accumulated present value of an investment is [tex]\$ 22,675[/tex]
As per the details share in the above question,
We have the details are as follow,
Investment for a time period of (T)16 years.
The current interest rate is (k)11%
Continuous money flow of R(t)=$3100 per year.
We have to find the accumulated present value of an investment.
Now by using the integration method we get,
The accumulated present value of an investment is,
[tex]B=\int_0^{\mathrm{T}} R(t)e^{-{kt}} dt\\B=\left(\frac{3,100}{11}\right)\left(1-{e}^{-0.11 \times 16}\right)\\B=22,675.4\\B=\$ 22,675[/tex]
The accumulated present value of an investment is [tex]\$ 22,675[/tex].
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What is typically the first step in the mortgage process?
Send your application in. The mortgage application process starts once you've chosen the house you wish to buy and a lender to deal with. Your lender will now ask you to complete a thorough application and submit supporting evidence for your income, obligations, and assets.
A mortgage is a loan granted to a buyer by a bank or other type of mortgage lender so they can buy a home. A mortgage is a contract in which the bank lends money to the buyer to buy the house, and the buyer promises to pay the money back in full with predetermined interest rate. Lenders often employ a mortgage ratio of 4.5 times an annual salary. This indicates that you may obtain a mortgage for 4.5 times your annual wage. Most likely, you'll want to know how much each monthly payment will cost. Based on a mortgage rate, the monthly mortgage payments for a £200,000 mortgage will be £948.
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Send your application in. The mortgage application process starts once you've chosen the house you wish to buy and a lender to deal with. Your lender will now ask you to complete a thorough application and submit supporting evidence for your income, obligations, and assets.
A mortgage is a loan granted to a buyer by a bank or other type of mortgage lender so they can buy a home. A mortgage is a contract in which the bank lends money to the buyer to buy the house, and the buyer promises to pay the money back in full with predetermined interest rate. Lenders often employ a mortgage ratio of 4.5 times an annual salary. This indicates that you may obtain a mortgage for 4.5 times your annual wage. Most likely, you'll want to know how much each monthly payment will cost. Based on a mortgage rate, the monthly mortgage payments for a £200,000 mortgage will be £948.
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which of the following actions will best enable a company to raise additional equity capital? a. declare a stock split. b. begin a new-stock dividend reinvestment plan. c. refund long-term debt with lower cost short-term debt. d. initiate a stock repurchase program. e. begin an open-market purchase dividend reinvestment plan.
A new-stock dividend reinvestment plan would make sense if a company wants to raise more equity funding.
What is a new-stock dividend reinvestment plan?A new-stock dividend reinvestment plan is a program that allows shareholders to automatically reinvest their cash dividends in the company's stock, rather than receiving the dividends in cash. Under this type of plan, the company issues new shares of stock to the shareholder in exchange for the dividend payment, which can help to increase the shareholder's ownership stake in the company.
What are the benefits of a new-stock dividend reinvestment plan?Automatic reinvestment: The plan allows shareholders to automatically reinvest their dividends, which can be a convenient and hands-off way to build their investment in the company.
Reduced transaction costs: By eliminating the need to sell shares to generate cash for dividends, the plan can help shareholders to reduce transaction costs and avoid potential tax implications.
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which of the following is a basic conclusion drawn from the current research about international management? a. organizational structures dictate behavior across cultures. b. none of these are correct. c. organizational structures are typically different across cultures. d. behavior in organizational settings does not vary across cultures. e. behavior in organizational settings varies across cultures.
Option d) behavior in organizational settings varies across cultures is a basic conclusion drawn from the current research about international management.
International management includes understanding international economies, leading transformation of international companies, and developing global business strategies.
In the era of globalization, companies employ people with different cultures. Gelfand, Erez, and Aycan (2007) argue that expatriates are of increasing importance in the corporate world. Therefore, people cross the border and find work in other countries which varies behavior in organizational settings across the cultures.
The conclusion drawn from these studies is that behavior in organizational settings varies across cultures in international management.
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What is the primary purpose of a PAC quizlet?
The main goal of a PAC is to raise and distribute funds to promote the political goals of its members.
Traditional image retrieval, dissemination, and display methods using film-based technology have physical and temporal limitations that PACS eliminates. Additionally, it can process images from a variety of medical imaging devices, such as CT, MR, positron emission tomography, ultrasound, and more. A political action committee's main goal is to raise money to support candidates who will stand up for your interests. Political Action Committees (PACs) have made it easier than ever for organizations to get involved in electioneering.
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Question 9 (1 point) An example of Rent Seeking would be: orange growers in Florida and California getting a tax placed on the import of oranges A) so that they can raise their prices due to the resulting shortage 8) rent from government agencies. )prices to consumers. Landlords attempting to get control of government owned buildings in order to extract entrepreneurs outwitting existing firms by providing better customer service and inventors coming up with new products that consumers desire and then charging high prices for those goods. Save Question 10 (1 point) Rent Seeking is illegal because: the only way to get a government official to change the rules to help your industry is to bribe them. it is illegal for the government to do things that are economically inefficient. it is illegal for government officials to rent out government owned property for their own private gain. The premise of the question is false. Rent Seeking is perfectly legal since it works through the normal process of petitioning our elected leaders to do things which are themselves legal.
Landlords attempting to get control of government owned buildings in order to extract rent from government agencies and it is illegal for the government to do things that are economically inefficient.
An economically inefficient, which can happen for a number of reasons, is one where an asset's prices do not fairly reflect their true value, in accordance with economic theory. Deadweight losses are often the result of inefficiencies. The majority of markets do, in fact, exhibit some degree of inefficiency, and in the worst situation an inefficient market might serve as an illustration of a market failure.
According to the efficient market hypothesis (EMH), in a market that functions effectively, asset prices always reflect the true worth of the asset. For instance, a stock's current market price ought to accurately reflect all information that is currently available to the public. Contrarily, in an inefficient market, all of the information that is publicly available is not reflected in the price, indicating that discounts are available or that prices may be too high.
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The difference between the flow and the stock of FDI is the ___________ FDI.
Multiple Choice
a. total vs. amount
b. fluid vs. static
c. amount vs. total
d. external vs. internal
e. foreign vs. domestic
The difference between the flow and the stock of FDI is the amount vs. total FDI. Option C
What is the stock of FDI?Generally, Flow refers to the movement of foreign direct investment into or out of a country over a specific period of time, such as a year or a quarter.
Flow can be measured in terms of the amount of money invested or the number of investments made.
Stock refers to the total accumulated value of a foreign direct investment in a country at a specific point in time. Stock can be measured in terms of the total value of the investments or the total number of investments made.
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How can blockchain be used in supply chain?
By enhancing effective traceability, enhancing visibility through information sharing, promoting transparency in processes, and decentralising the whole system, blockchain will help the supply chain achieve both economic and environmental sustainability.
Blockchain technology may be used by companies along the whole supply chain to log production changes on a single shared ledger, providing total data visibility and a single source of truth for all data. Businesses are able to check the status and location of a product at any moment since transactions are always time-stamped and current. As a result, problems like fake goods, noncompliance, delays, and waste are diminished. The ledger audit trail also ensures compliance with regulations and allows for quick situational response.
Blockchain technology may be used to develop applications that let several parties do business directly through a peer-to-peer network without the need for a central authority to monitor transactions. Each network member has access to a shared ledger that stores all transactions in an immutable and cryptographically secure way, and there is no single network owner.
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the acronym smart (specific, measurable, actionable, realistic, time) applies to what specific marketing activity?
SMART is used to evaluate the adequacy of objectives set to drive various strategies or the development of a wide variety of business processes.
Goals are essential in all aspects of business and life because they offer a feeling of direction, motivation, a clear focus, and clarify priority. By making objectives, you give yourself something to aspire for. A SMART goal is a type of goal that is used to help guide goal planning. Specific, Measurable, Achievable, Realistic, and Timely is an acronym that stands for Specific, Measurable, Achievable, Realistic, and Timely. As a result, a SMART goal integrates all of these factors to help focus your efforts and boost your chances of success. A SMART objective must be realistic and reachable. This will assist you in determining how to achieve and work toward that objective. The goal's achievability should be stretched enough to make you feel pushed, yet specified sufficiently so that you can really attain it.
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Which type of AI technology is used to program self-driving cars?
One of the most cutting-edge AI techniques, deep learning functions similarly to the human brain. deep learning is used to program self-driving cars.
Deep learning, commonly referred to as deep structured learning, is one of several machine learning techniques built on representation learning and artificial neural networks. Unsupervised, semi-supervised, and supervised learning are all possible.
In areas like computer vision, speech recognition, natural language processing, machine translation, bioinformatics, drug design, medical image analysis, climate science, material inspection, and board game programs, deep-learning architectures like deep neural networks, deep belief networks, deep reinforcement learning, recurrent neural networks, convolutional neural networks, and Transformers have been applied with results comparable to and i.
The information processing and dispersed communication nodes in biological systems served as the inspiration for artificial neural networks (ANNs). ANNs and biological brains differ in a number of ways.
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investor a needs $1,000 in 4 years. investor b needs $1,000 in 5 years. who needs to deposit more money today to reach their goal?
Investor A will have to deposit more money than investor B in order to reach their goal.
To determine which investor needs to deposit more money today, you need to consider the time value of money. This means that you need to take into account the fact that money invested today is worth more than the same amount of money invested at a later date due to the potential for earning interest.
Assuming that both investors are earning the same rate of return on their investments, the investor who needs the money in a shorter time period (investor A) will need to deposit more money today in order to reach their goal. This is because they have less time to allow their money to grow through compound interest, so they need to start with a larger initial deposit in order to reach their target amount in the same amount of time.
On the other hand, investor B has a longer time horizon and therefore has more time for their money to grow through compound interest. As a result, they will not need to deposit as much money today in order to reach their goal.
It's important to note that this is just one factor to consider when deciding how much to save or invest. Other factors such as the expected rate of return and the level of risk involved in the investment should also be taken into account when making a decision about how much money to deposit.
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What are the 3 major sections of the Code of Ethics?
The "Duties to Clients and Customers," "Duties to the Public," and "Duties to REALTORS" parts of the Code of Ethics are the three main divisions.
What are the code of ethics?Instead, a code of ethics outlines the moral norms, guiding principles, and expectations that professionals should uphold and against which their activities should be assessed. Social workers should operate ethically because they have made a personal commitment to do so.The term "basic ethical principles" refers to those overarching conclusions that operate as a foundational defense for the numerous specific ethical guidelines and assessments of human behavior.Employees are better equipped to confront moral conundrums they face on the job because to a code that promotes discussions about compliance and ethics. It can also be a useful resource for employees, guiding them in locating pertinent records, offerings, and other materials about ethics available within the company.To learn more about code of ethics refer,
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What considerations would you have in your business as you consider short term and long term investments?
Long-term investors may experience less risk because their portfolios have more time to recover from any losses. Meanwhile, short-term investors should avoid volatile assets such as risky equities or stock mutual funds.
What Are Short-Term Investments?Short-term investments are frequently bought and held for a shorter period of time — generally three years or less. They are frequently appropriate for demands or objectives that are more pressing or impending, like saving for a car.
An investor may take into account investment types with comparatively little market risk if they choose a short-term investing horizon. However, pursuing lesser market risk does not ensure gains or a sustained principal value.
Long-Term Investments: What Are They?
Long-term investments are purchased with the intention of holding them for ten years or longer. This investing approach, which might involve certain stocks and mutual funds, may be appropriate for long-term financial goals like retirement and college savings.
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How do you maximize ?
What is the best way to protect your online identity?
Protecting your passwords and updating them frequently is the best method to safeguard your identity online.
How can you secure your online identity the best?Here are some things to think about in order to protect your reputation online identity.Keep in mind that nothing online is temporary.Create a private account.Posting derogatory or sexually provocative images or remarks is prohibited.Don't comply with illegal requests.Secure your mail.You must protect yourself from extortion because cybercriminals won't stop anytime soon. As we go over practical strategies for safeguarding your online identity, keep reading. If unauthorised people attempt to access your network, you would be notified. And they won't succeed until you provide them with access.
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Can you still be hired after failing Walmart assessment?
You can still land the job, yes. If the assessment was unsuccessful, you should request a lesser position, take all the necessary courses.
How do you know if you failed the Walmart assessment?If you succeeded or failed, it is indicated at the conclusion of the test. I received a green grade for passing and a red grade for failing. My second management evaluation test had just been successful. Each time, a green appeared. I enter to check my assessment area and move to the right half of the test.If you don't pass the evaluation, you can try again in 60 days. I think there is just one opportunity each application process. It often takes 60 days to be able to reapply, so be truthful. It will take six months to reapply.Walmart will review arrests and convictions for crimes and misdemeanors from the past seven years. Most likely reasons for disqualification are offenses involving violence, sexual assault, drugs, and money theft. Violent felons are not hired by Walmart. Reminder: Records that have been expunged won't appear on background checks.To learn more about Walmart refer,
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Which 3 types of entries can be made in QuickBooks Online that are classed as non posting?
The three types of entries that can be made in QuickBooks Online that are classified as non posting are:
Charges.
Credits.
Expenses to be billed to a customer
What is QuickBooks?It corresponds to a software package aimed at developing and managing to account mainly for small and medium-sized companies. Through QuickBooks' functionalities, it is possible for the accounting department to establish faster, more complete and effective financial management, by automating processes and processing a large volume of data and information.
Therefore, QuickBooks online helps organize a company's data and accounting information, ensuring a better understanding of the company's real financial condition, through balance sheets, projections, and accurate analyses.
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Multiple choice questions1. Amount due from another party. Most common: Accounts receivables, and Notes receivables.a. Bad Debtsb. Bankers rulec. Selling receivablesd. Receivables2. Date the note must be repaida. receivableb. Bankers rulec. Bad Debtsd. Maturity date3. Adjusting entry for Allowance method → Dr. Bad debts expense, Cr. Allowance for doubtful accounts.a. Trueb. False4. Dr. Bad debts expense, Cr. Allowance for doubtful accounts.a. Recovering a Bad Debt (Allowance method)b. Adjusting entry for Allowance methodc. Allowance Methodd. two advantages of allowance method5. Contra asset account with a balance approximating uncollectible accounts receivable; also called Allowance for Uncollectible Accountsa. Allowance for Doubtful Accountsb. Aging of account receivablesc. Allowance Methodd. Interest Computation6.The maturity date of a note receivable:A. Is the day of the credit saleB. Is the day the note was signedC. Is the day the note is due to be paidD. Is the date of the first payment7.A company receives a 10%, 90-day note for $1,500. The total interest due upon the maturity date is:A. $37.50B. $150.00C. $75.00D. $50.008.What is the amount of interest that is due on a $36,000 3-month 4% note receivable?9.If a 60-day note receivable is dated September 22, what is the maturity date of the maturity date of the note?10.Hasbro had net sales of 7,875 and its average accounts receivable is $1,350. Calculate Hasbro’s accounts receivable turnover.
The concept mentioned here is Notes Receivables.
1) Option D, Receivables
2) Option D, Maturity date
3) Under the allowance method, a company records an adjusting entry at the end of each accounting period for the amount of the losses it anticipates as the result of extending credit to its customers.
4) It records bad debt expenses when the related sales are recorded. It records the accounts receivables on the balance sheet and an estimated amount of cash to be collected.
5) Option A, Allowance for Doubtful Accounts.
6) Option C, Is the day the note is due to be paid.
7) Option A, $37.50.
rate = 10%
time = 90/360
principal = $1,500
So, interest = 1500*.10*90/360
interest = 13500/360
Interest = $37.50.
8) $360.
Interest = Principal * rate* time
given,
principal =$36,000
time = 3/12 month
rate = 4%
so, interest = 36000*0.04*3/12
interest = $360.
9)The maturity date is November 21st.
Given,
60-day note on September 22.
We know that September is 30 days.
Maturity date = 60-(30-22) = 8 + October 31 = 8+31
maturity date = 60-39 = 21.
So it will be November 21.
10) 5.83 times
Accounts receivable turnover = Sales / average receivables
Given,
net sales = $7,875
average receivables = $1,350
So, Accounts receivable turnover = 7,875 / 1,350
Accounts receivable turnover = 5.83 times.
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