The statement " a valid contract is an agreement that meets the required elements for legal recognition (offer, acceptance, consideration, capacity, and legality)" is true.
What is a contract?Contracts are typically in writing and are signed by all parties involved. Contracts typically outline the terms of an agreement, including what each party will do, what they will not do, and any consequences for breaching the contract. Contracts are often used in business agreements, such as leases, employment agreements, and sales contracts. They can also be used in personal agreements.
A valid contract must contain all the vital elements of a contract and for a contract to be valid, it must contain certain elements. Such elements include legality, capacity, consideration, acceptance, and offer. Only when all these elements are fulfilled, a contract can be deemed to be valid.
It can be concluded that the statement " a valid contract is an agreement that meets the required elements for legal recognition (offer, acceptance, consideration, capacity, and legality)" is true.
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If the marginal cost of producing a television is constant at $200, then a firm should produce this
item
A) as long as its marginal cost does not rise.
B) as long as the marginal benefit (i.e., marginal revenue) it receives is just equal to or greater
than $200.
C) only if the marginal benefit it receives is greater than $200 plus an acceptable profit
margin.
D) until the marginal benefit it receives reaches zero.
Table 1-1
Hours
Open
Total
Revenue
(dollars)
1 $35
2 60
3 80
4 92
5 100
6 105
Eva runs a small bakery in the village of Roggerli. She is debating whether she should extend her hours of operation. Eva
figures that her sales revenue will depend on the number of additional hours the bakery is open as shown in the table
above. She would have to hire a worker for those hours at a wage rate of $12 per hour.
Answer:
b
Explanation:
b b b b b b
a tax-exempt municipal bond has a yield to maturity of 3.90%. an investor, who has a marginal tax rate of 35.00%, would prefer and an otherwise identical taxable corporate bond if it had a yield to maturity of more than %.
A tax-exempt municipal bond yields a return of 4.99%,
The equivalent taxable interest rate for the investor will be :
R(t e) = R(t f)/( 1 -tax rate),
where,
t= marginal tax rate
R( t e) = equivalent tax-free interest rate for the investor
R = return on tax-free investment like a municipal bond.
so, the figures will be:
4.99%/( 1- 0.3)
=7.1286%
The investor will prefer an identical corporate bond only if it offers a yield which is greater than 7.1286%.
An investor is the market player most people most often pals with the inventory marketplace. Buyers are people who buy shares of an enterprise for the long term with the perception that the corporation has sturdy destiny potentialities.
It is some distance more common for dividends to be paid quarterly or annually, however, a few stocks and other forms of investments pay dividends monthly to their shareholders. Simplest about 50 public companies pay dividends month-to-month out of a few three,000 that pay dividends on a normal foundation.
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Which of the following events would cause both the equilibrium price and equilibrium quantity of number two grade potatoes to increase if number two grade potatoes are an inferior good? (Explain why correct/incorrect for each answer)
A/an increase in consumer income
B/a decrease in consumer income
C/ greater government restrictions on agricultural chemicals
D/ fewer government restrictions on agricultural chemicals
A decrease in consumer income would cause both the equilibrium price and equilibrium quantity of number two grade potatoes to increase if number two grade potatoes are an inferior good .Option B is correct .
What does "equilibrium pricing" mean?
The consumer cost associated with a good or service when supply and demand are equal or nearly equal is referred to as the equilibrium price, also known as the market-clearing price. The producer or vendor may sell as many units as they like, and the buyer may access as many units as they choose to purchase.What is equilibrium quantity ?
When a product is in equilibrium quantity on the market, there is neither a shortage nor an excess. When supply and demand coincide, the quantity of a good that consumers want to buy and the quantity that its suppliers are supplying are the same.Learn more about equilibrium price
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which statement below regarding monetary policy is false? we classify our money supply according to liquidity. stable prices facilitate trade. central banks aim for an inflation rate of 5%. monetary policy should promote maximum stable employment.
Central banks aim for an inflation rate of 5%. Because, Central bank follow zero inflation rate policy, that enhance the economic growth along with adding liquidity money.
The rest of the options are true because monetary policy follow them.
What monetary policy?A nation's overall money supply is managed by monetary policy, which also aims to promote economic growth.Interest rate changes and adjustments to bank reserve requirements are examples of monetary policy strategies.It is conventional to categorize monetary policy as either expansionary or restrictive.The Federal Reserve frequently employs the discount rate, open market operations, and reserve requirements as its three primary monetary policy tools.Controlling the amount of money in an economy and the channels through which it is provided is known as monetary policy.Monetary policy strategy is influenced by economic indicators including the GDP, inflation rate, and industry- and sector-specific growth rates.The interest rates that a central bank charges to lend money to the country's banks are subject to change. Financial institutions modify rates for their clients, such businesses or homebuyers, as rates rise or fall.In addition, it has the power to set foreign exchange rates, purchase or sell government bonds, and adjust the minimum amount of cash that banks must hold in reserves.To learn more about monetary policy, refer to
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when someone discusses alfalfa hay and almonds from california as being virtual water exports, what they really mean is that
Alfalfa hay and almonds from california as being virtual water exports. These crops consume a lot of water, and most of them are exported out of the country.
Which causes of water pollution are due to human activity quizlet?Agriculture, industry, and mining are the main causes of water contamination, but it becomes worse because of both population expansion and the rate at which we consume resources.Almost every manner we utilize water results in some kind of water contamination.However, industrialisation and the quickening rate of population expansion are the two fundamental drivers of water contamination.Although many dirty water supplies have been cleaned up in developed nations, some water is still severely polluted.To learn more about industrialisation refer,
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the goal of project crashing is to: a. reduce the schedule without changing the project scope b. reduce the schedule by minimizing project risks c. reduce project costs d. expand the schedule to embrace multiple critical paths
By allocating additional resources where they are most required, project crashing either maintains or accelerates a project's scope and deadline.
Project crashing gives your team the extra resources they need to meet project deadlines at the last minute.
What is crashing a project?
Project crashing is a timetable pressure method wherein you get extra assets to all the while complete two errands. According to the Project Management Body of Knowledge (PMBOK® Guide), crashing is a method for reducing your project schedule at the lowest possible cost.
By reducing the time spent on one or more of the critical path activities to a fraction of their normal duration, project crashing can be used to shorten the duration of a project. Project crashing aims to extend the duration of the project at the lowest possible cost.
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if the first payment into the fund occurs today, what amount will be in the fund in 20 years? if the first payment occurs at year-end, what amount will be in the fund in 20 years?
Future value (FV) is a term used to describe how much, at some future date and with a given interest rate, a sequence of regular payments will be worth.
As a result, it will show you how much you will have accumulated as of a future date if you, for instance, plan to invest a set amount each month or year.The future value is helpful in calculating the overall cost of a loan if you are making regular payments on it.
In contrast to the future value calculation, a present value (PV) calculation tells you how much money would be required now to produce a series of payments in the future, again assuming a set interest rate.
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wilson supported the creation of the federal trade commission, or ftc, in order to prevent companies from engaging in
Wilson supported the creation of the federal trade commission, or FTC, in order to prevent companies from engaging in unfair trade practices that limited competition.
Unfair enterprise practices include deception, oppressive or unethical conduct on the part of organizations, often directed at clients, and are illegal in lots of jurisdictions. With positive exceptions and transitional intervals, every member country of the EU Union is needed to adjust unfair business practices according to the Unfair Commercial Practices Directive.
Inside the US, the Bureau of patron protection of the Federal alternate commission works to forestall unfair commercial enterprise practices with the aid of "gathering reviews from customers and carrying out investigations, suing corporations and those that smash the law, developing regulations to preserve a truthful marketplace, and educating customers and companies about their responsibilities.
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All the factors below are causes of diminishing marginal returns, except
a) Difficulty of monitoring and motivating larger workforces
b) Increasing complexity of larger systems
c) Division of Labor
d) Some factor is fixed
With the exception of division of labor, all of the following factors contribute to diminishing marginal returns.
Division of labor, or the division of a work process into a number of tasks, each of which is carried out by a distinct individual or group of individuals One of the fundamental organizing principles of the assembly line, it is most frequently applied to systems of mass production. The contribute handling of various tools and parts is restricted and unnecessary motion is eliminated when work is divided into straightforward, repetitive tasks.
Lower production costs and a less expensive finished product are the result of the resulting decrease in production time and the ability to division of labor replace skilled craftsmen with less-paid unskilled workers. Contrary to popular belief, however, the division of labor does contribute not always result in the proletarianization of the working population, or a decline in skills.
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what is decision making(dm) under risk? a) know more than one state of nature but not the probability they will occur b) a fixed and firm decision c) decision maker will know what will happen d) knows the probability of states of nature occurring
Decision-making (dm) under risk knows the probability of states naturally occurring. The correct answer is option(d).
Decision-making is the process of selecting by recognizing a resolution, gathering news, and evaluating alternative determinations. Using a gradual accountable process can help you form more deliberate, thoughtful conclusions by systematizing appropriate facts and delimiting opportunities. The Decision-making process is an unending and necessary component of managing some arranging or trade endeavors.
Decision-making under risk refers to a position at which point the consequences of the selected alternative and the feasibility of the allure incidents are famous. In addition, in decision-making research under risk, drawing collection tasks are frequently used to study their character.
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If a client has an extraordinary day with a high rate of behavior that is not likely to be repeated in the future, you do not have to adjust the y-axis to accommodate it. True or False
True, you do not need to change the y-axis to accommodate a client who has an exceptional day with a high rate of behavior that is unlikely to occur again.
How long has passed since the previous iteration of the same behavior?
Interresponse Time, or IRT, is the time between two behaviors that occur in succession.
Which differential reinforcement strategy makes it possible to reward any behavior?
A method of reinforcement known as differential reinforcement of other behaviors (DRO) involves rewarding any response other than a specific target behavior.
Which methods of data collection overestimate behavior?
Because a behavior is still recorded as occurring only once even if it occurs multiple times during an interval, partial-interval recording typically overestimates the overall duration and underestimates the rate of the behavior.
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marketers often try to create opinion leaders because it is rare to find an opinion leader who spans multiple diverse domains of interest or influence.
a. true
b. false
Marketers often try to create opinion leaders because it is rare to find an opinion leader who spans multiple diverse domains of interest or influence is true.
The perceived hazard of the product or service to be bought increases. To grow the sales of low-involvement products, advertising managers can: focus on the package deal design of the goods.
Social factors consist of reference corporations, a circle of relatives, and social repute. Those elements have an effect on the buying behavior of the consumer. These elements in flip replicate an endless and vigorous influx thru which humans research distinct values of consumption.
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the persons responsible for forming corporate-level strategy are the ___.
The persons responsible for forming corporate-level strategy are the executives.
A business executive is someone who oversees the management of a company, albeit the specifics of the position vary depending on the company. Companies and governments are run by executives. They develop strategies to advance their businesses. Since the requirements of this role require hardworking individuals with years of experience in a variety of business facets, becoming an executive typically takes years of promotions and hard work.
Business executives hold a variety of positions. These positions include CEO, manager of a department store and owner of a small firm. They formulate and evaluate the company's objectives. They collaborate closely with a group of assistants or senior staff members. To accomplish these objectives, this team may develop both long-term and short-term plans. Executives ensure that the company complies with the changes once the plans are established.
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juliana has monthly take home pay of $2,950. she also receives $350 per month in child support. juliana has the following monthly debt payments: car payment ($212), student loan payment ($220), and credit card payment to pay off past debt ($625). calculate juliana's debt payment to income ratio.
The debt-to-income ratio for Juliana is 32.03%.
Your debt-to-income ratio (DTI) compares your monthly loan payments to your monthly income. It refers specifically to the portion of your gross monthly income (pre-tax) that is used to pay off debts like rent, a mortgage, credit cards, and other obligations.
A low debt-to-income (DTI) ratio indicates that debt and income are well balanced. In other words, a DTI ratio of 15% indicates that 15% of your gross monthly income is used to pay off debt.
1) Total income = 2950+350 = 3300
Debt payment = 212+220+625 = 1057
Debt payment to income ratio = 1057/3300 *100= 32.03%
2) APR of loan = 800 / 10,000 * 100 = 8%
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after the federal government stepped in to keep some businesses from failing, new attention was focused on executive compensation. politicians, tax payers and news media called for change. this is an example of an organization change attempt focused on influencing
This is an example of an organisation change attempt focused on influencing People.
What do you mean by organisational change?
Organizational change refers to actions a business take over to change/ adjust to a certain aspect of parameters. It may include methods like culture, internal processes, underlying technology or infrastructure, corporate hierarchy. It may occur due to change in market conditions, policy change and economic recession or boom.
Types of organizational change are :
Strategic Transformational Change.Structural Change.Remedial Change.People-Centric Organizational ChangeThe above case explains the need for influencing people in order to assist themTherefore, This is an example of an organization change attempt focused on influencing People.
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scenario 25-2: money creation the reserve requirement is 20%, and leroy deposits his $1,000 check received as a graduation gift in his checking account. the bank does not want to hold excess reserves. use scenario 25-2. which of the following is an accurate description of the bank's balance sheet immediately after the deposit?
$4,000 is an accurate description of the bank's balance sheet immediately after the deposit.
In financial accounting, a balance sheet (additionally called a declaration of an economic function or assertion of financial circumstance) is a summary of the economic balances of a character or organization, whether or not it be a sole proprietorship, a commercial enterprise partnership, an employer, private confined enterprise or different company along with authorities or not-for-income entity. assets, liabilities and ownership fairness are indexed as of a specific date, which includes the cease of its economic 12 months.
Of the 4 primary financial statements, the balance sheet is the most effective announcement which applies to a single point in time of a business's calendar 12 months. A widespread organization balance sheet has aspects: belongings on the left, and financing on the right–which itself has components; liabilities and possession fairness. the primary categories of property are commonly indexed first, and generally so as of liquidity.
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hailey corporation pays a constant $9.80 dividend on its stock. the company will maintain this dividend for the next 14 years and will then cease paying dividends forever. if the required return on this stock is 11 percent, what is the current share price?
The Current share price of Hailey corporation is $68.42.
Current share price is the present value of the future dividend payments and it is calculated as follows
Current share price = Annual dividend per share x Present value annuity factor at 11% for 14 Years
Current share price = $9.80 x (PVIFA 11%, 14 Years)
Current share price = $9.80 x 6.981865229
Current share price = $68.42 (Approx)
Hence the Current share price is $68.42
What is share?The company's capital is divided into shares. Each share constitutes an ownership interest in the company and is offered for sale to raise capital for the company.
Shares can be broadly divided into two categories - shares and preference shares. Shares give their owners the right to share the company's result/profit and the right to vote at the company's general meetings. Such a shareholder has to share the profit and also bear the loss incurred by the company.
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the accountant at kramer company is figuring out the difference in income taxes the company will pay depending on the choice of either fifo or lifo as an inventory costing method. the tax rate is 30% and the fifo method will result in income before taxes of $4,370. the lifo method will result in income before taxes of $3,950. compute the difference in tax that would be paid between the two methods. example of answer: 4000 (no comma, space, decimal point, or $ sign)
A tax is a charge based on an individual's or a business's revenue or turnover.The tax authorities tax the income generated during the previous period (financial year) during the current year.
Details: ($) Taxes under FIFO (4,370 x 30%): 1,311
What is a tax?
A tax is a mandatory contribution that a local, regional, or national government collects from individuals or businesses.Public works and services like roads and schools, as well as programs like Social Security and Medicare, are financed by tax revenue.
What is the goal of taxation?
A fundamental method by which nations generate public revenues that enable investments in human capital, infrastructure, and the provision of services for citizens and businesses is through the collection of taxes and fees.
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if you wanted to make an 8% down payment on a $3,585 loan to buy cashmere sweaters for your boutique, how much money would you need?
If you wanted to make an 8% down payment on a $3,585 loan to buy cashmere sweaters for your boutique, $286.80 much money would you need.
What does a down payment mean?The upfront cash payment made by the buyer for a home or other major purchase is known as a down payment. For a home being used as a primary residence, down payments can range from as little as 3% to as much as 20% and are normally given as a percentage of the purchase price.
What is the importance of a down payment?A down payment assists the buyer in acquiring ownership of the asset, such as a car or house, and also lowers the amount due each month for the principal and interest on the loan. An increased down payment by the buyer can result in a cheaper interest rate.
$3,585×8%=$3,585×0.08=$286.80.
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fundha's company wants to foster cooperation between the five units of the organization and has established an informal blank network that allows managers within the international firm to share ideas and foster the team approach. multiple choice question. knowledge incentive output distributive
Fundha's company wants to foster a) Knowledge among cooperation between the five units of the organization.
Knowing person knowledge entails understanding (a) what information we represent about people, (b) how we obtain this information, and (c) how we utilize this information to generate new inferences and judgments.
Knowledge improves our reasoning and problem-solving abilities. A solid knowledge foundation allows minds to perform more easily and effectively. With the power of knowledge, we grow smarter and solve difficulties more readily. Everyday Life- Knowledge is vital and beneficial in everyday situations.
Knowledge is certainly beneficial in terms of ensuring or increasing the likelihood of success in real life. Even philosophers who differ on many other issues seldom contest the assumption that knowledge has a high practical value.
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a company projects a loss of $100000 in its first year of trading, but each year it will make $15000 more than the previous year. in which year does it first expect to make a profit
Let's say it requires n years.
How much profit can you anticipate?First year: $100,000 in profit
Second year: $85,000 in profit
Third year: $7000 in profit
Fourth year: 55,000 in profit
Fifth year: $40,000 profit
Sixth year: $25,000 in profit
seventh year: 15,000 in profit
eighth year: zero surplus
9th year surplus of 15,000
10th-year excess of $30,000
Therefore, you must continue until all of these numbers add up to zero. Next year, the business will turn a profit.
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Which of the following store designs contains parallel aisles with merchandise on shelves on both sides
of the aisles?
A. Boutique layout
B. Free-form layout
C. Loop
D. Racetrack
E. Grid layout
The grid layout of a store features parallel aisles with merchandise on shelves on both sides.
What is the layout of the racetrack?
The racetrack layout is a large loop that leads customers around the store.A central display and a collection of shelves or racks on the walls are typical of this layout.When a store wants to show its entire inventory to customers, the racetrack layout can work well.
How does a typical store look?
The majority of retail establishments, regardless of size, employ one of six fundamental store layouts:grid, loop, free-flow/mixed, diagonal, forced-path, and angular are the various types.The sort of format you use relies upon your space, the shopping experience you are attempting to make, and the items you sell.
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A reason for a country’s development of advanced and specialized factors of human capital is often its.
It is common for a country's dearth of natural resources to be a factor in the development of sophisticated and specialized human capital.
What are the various sorts of natural resources?Resources that are derived from nature and used largely unaltered are known as natural resources. This comprises the origins of desirable traits, such as their utility for commerce and industry, aesthetic worth, scientific curiosity, and cultural significance. Natural resources include things like air, sunlight, water, soil, stone, plants, animals, and fossil fuels, to name a few. Because they are used to sustain life and fulfill human needs, natural resources are valued.
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By studying the rhetorical strategies billboards and advertisements use, people can?.
The rhetorical strategies billboards and advertisements use, people can c) evaluate and be able to resist messages designed to influence them.
What are billboards?Advertising, billboards, and other rhetorical techniques are used to attract attention and persuade more people to purchase a specific product.Any tactics a company or business takes to persuade more clients to buy a specific product are considered rhetorical methods.We may better comprehend how persuasive these are if we examine all the rhetorical techniques used by a firm in elements like commercials, billboards, and other forms of communication. Thus, we can reject any message a business throws our way and refuse to purchase a priceless item.hence, evaluate and be able to resist messages designed to influence them.
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According to the Porter's Five Forces Model, which one of the following is not a competitive force for a firm? a.substitute products b.buye's power c.suppliers power d.uniqe selling proposition
Porter's Five Forces Model showed that one thing that was not a competitive force to a firm is the d. unique selling proposition
What are competitive forces in Porter's Five Forces Model?Porter's Five Forces Model include the competitive forces of a firm which are those things that can lead to them having less sales and therefore less profitability.
They include the power that buyer's have to negotiate price, the power that suppliers have to dictate price, and the substitute products available to a company's products. A company's unique selling proposition is an advantage and not a competitive force.
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on may 22, jarrett company borrows $8,600, signing a 90-day, 6%, $8,600 note. what is the journal entry made by jarrett company to record the payment of the note on the maturity date?
The magazine access made through Jarrett business enterprise to document the price of the be aware at the adulthood date is
Cash debit 8,400
Notes payable credit score 8,400.
The required details for journal entry in given paragraph
A magazine access is the act of retaining or making statistics of any transactions both economic or non-economic. Transactions are indexed in an accounting magazine that suggests a business enterprise's debit and credit score balances. The magazine access can consist of several recordings, every of that's both a debit or a credit score. The general of the debits need to same the full of the credits, or the magazine access is taken into consideration unbalanced. Journal entries can document particular gadgets or ordinary gadgets such as depreciation or bond amortization. In accounting software, magazine entries are commonly entered the use of a separate module from money owed payable, which normally has its own subledger, that not directly influences the trendy ledger. As a result, magazine entries at once alternate the account balances on the overall ledger.
A well documented magazine access includes an appropriate date, quantity(s) to be able to be debited, quantity to be able to be credited, narration of the transaction, and particular reference number.
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Joe is responsible for reserving hotel rooms for a company trip. His company changes plans and increases how many people are going on the trip, so they need at least 50 5050 total rooms. Joe had already reserved and paid for 16 1616 rooms, so he needs to reserve additional rooms. He can only reserve rooms in blocks, and each block contains 8 88 rooms and costs $ 900 $900dollar sign, 900.
The respective expression of inequality is 16 + 8B ≥ 50 and the lowest possible expenditure is $4500.
What is inequality?A relationship between two expressions or values that is not equal to one another is referred to as "inequality" in mathematics. A connection that compares two numbers or other mathematical expressions inequitably is known as an inequality in mathematics. On the number line, size comparisons between two numbers are typically conducted.So, the inequality expression will be:
The required number of rooms should be at least 50 in total.
16 already reserved.
8 rooms per block are the number.
If B is the number of blocks.
Adding it all up next, we have:
16 + 8B ≥ 50
The minimum additional sum needed:
(50 - 16) / 8
34/8 = 4.25
B = 5, the smallest number of blocks
The least amount equals $900 multiplied by 5 to equal $4500.
Therefore, the respective expression of inequality is 16 + 8B ≥ 50 and the lowest possible expenditure is $4500.
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Complete question:
joe is responsible for reserving hotel rooms for a company trip. His company changes plans and increases how many people are going on the trip, so they need at least 50 5050 total rooms. Joe had already reserved and paid for 16 1616 rooms, so he needs to reserve additional rooms. He can only reserve rooms in blocks, and each block contains 8 88 rooms and costs $ 900 $900dollar sign, 900. Let B BB represent the number of additional blocks that Joe reserves. 1) Which inequality describes this scenario? Choose 1 answer: Choose 1 answer: (Choice A) A 16 + 8 B ≤ 50 16+8B≤5016, plus, 8, B, is less than or equal to, 50 (Choice B) B 16 + 8 B ≥ 50 16+8B≥5016, plus, 8, B, is greater than or equal to, 50 (Choice C) C 16 + B ≤ 50 16+B≤5016, plus, B, is less than or equal to, 50 (Choice D) D 16 + B ≥ 50 16+B≥5016, plus, B, is greater than or equal to, 50 2) What is the least amount of additional money Joe can spend to get the rooms they need? dollars
manuel wants to purchase a new computer and go to the caribbean for spring break. the computer is priced at $1,299, and the vacation is priced at $800. he has only $1,574 in his checking account, so he cannot afford to purchase both. after much thought, manuel buys the computer and writes a check for $1,299.
Money's function as a "store of value" and a "means of exchange"
What is a computer ?A computers is a piece of electronic equipment used to manipulate data or information. Data can be stored, retrieved, and processed by it. You may already be aware of the fact that you are able be using a computer to surf the Internet, send emails, type documents, and play games.
What is importance of computer ?Will be the first window can access the Internet, a computer is a crucial instrument for processing information and data. It is a crucial tool for scientific students, who frequently use it to create reports and projects for school.
Explanation:Money serves as a medium of commerce, a unit of measurement, a store of value, and a benchmark for deferred payments.
Manuel use of money to buy a computer demonstrates the function of money as a "medium of exchange," since it serves as a means of acquiring purchasing power. It is considerably more convenient to use money as a medium of exchange and to transmit purchasing power than the barter economy (commodity to commodity exchange)
Bank money left over after buying a computer: This illustrates the function of money as a "store of value." Compared to barter commodities, which require upkeep and have variable value, money represents the most practical, affordable, and stable form of holding value. The saved funds may be applied to future needs (eg - vacation later).
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the journal entry for the direct write-off method indubey companies incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended november 30, 2018. accounts payable$ 920 accounts receivable1,040 accumulated amortization580 accumulated depreciation1,210 allowance for doubtful accounts30 cash and cash equivalents1,110 common stock550 deferred revenue2,140 equipment8,330 income taxes payable 30 notes payable (long-term)3,470 notes receivable (long-term)330 prepaid rent350 retained earnings7,970 service revenue570 short-term investments4,750 software 990 required: prepare a classified balance sheet. the allowance for doubtful accounts relates entirely to accounts receivable. (one of the accounts does not belong on the balance sheet.) (enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
The direct write-off method waits until an account is determined to be uncollectable earlier than it “write's off” the account.
To “write off” an account underneath this technique we use the following journal entry: DR: Bad Debt Expense (for the amount uncollectible). CR: Accounts Receivable (for the quantity uncollectible).
What is a write-off journal entry?The direct write-off technique is a easy process, where you would report a journal entry to debit your horrific debt account for the terrible debt and savings your bills receivable account for the same amount.
When the direct write-off approach is used the entry to write-off a client account would?The entry to write off the awful account under the direct write-off technique is: Debit Bad Debts Expense (to record the quantity of the loss on the company's earnings statement) Credit Accounts Receivable (to cast off the quantity that will now not be collected)
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https://brainly.com/question/25779348#SPJ4Are those buyers who want to be the first on the block to have the new product or service.
a. Enjoy taking risks
b. Highly knowleadgeable
c. Keep themselves very well informed
d. Crucial to the success of any new product
Buyers who want to be the first on the block to have the new product or service enjoy taking risks and are regarded as highly knowledgeable. Hence, A and B are the correct options.
Innovation is the transformation of a concept into a workable reality. This is a product, method, business concept, or combination thereof that has been launched in the market and generates new revenues and organizational growth for the company.
Innovative things are fresh and unique. You are an innovative person if you enjoy trying new things and coming up with creative solutions.Innovative, as well as the words nova, novel, and novice, are all derived from the Latin word novus, which means new. Something innovative renews or modifies the way something has been done.
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