Discount Mart utilizes the allowance method of accounting for uncollectible receivables. On December 12, the company receives a $550 check from Chad Thomas in settlement of Thomas's $1,100 outstanding accounts receivable. Due to Thomas's failing health, he is closing his company and is expecting to make no further payments to Discount Mart. Journalize this transaction.

There will be a $34,000 drop in overall net income. The $124,000 contribution margin will be forfeited by the business. Only $90,000 of a fixed costs (salary, advertising, and administrative expenses) are avoidable, resulting in a $34,000 decrease in net income.

The total amount of revenue left over after overhead expenses to pay for fixed costs and turn a profit for the business is shown by the contribution margin, according to Knight. This could be viewed as the component of sales which helps to cover fixed expenses.

While contribution margin is indeed the amount of revenue left over after deducting variable costs from revenue, gross margin is the profit that remains after the cost of goods marketed from revenue.

To know more about contribution margin visit:

https://brainly.com/question/29534784

#SPJ4

It is true that effective oligopolistic collusion is more likely to occur when customer orders are small, frequent, and received regularly as compared to large orders received infrequently at irregular intervals

It is about any agreement that restricts the competitive fight between companies. The maximum form of collusion, the one that maximizes the benefits of the oligopolists is the cartel, an agreement between all the producers of the industry that can take two forms, Competition without prices.

For more about collusion here https://brainly.com/question/13634264

#SPJ4

Ipsos is an international market research company based in Paris, France, and is the only major international market research firm that is controlled and operated by market researchers.

In a market, buyers and sellers can come together to exchange goods and services. Markets can be digital, like an online merchant, or physical, like a store. The auction market, the black market, and the financial market are more examples.

A market's primary objective is to gather products from various sources and distribute them to various outlets. Dealers serve as a channel for a seller's product's demand, but from the perspective of the buyer, they expand supply options.

To know more about Market visit:

https://brainly.com/question/13414268

#SPJ4

Answer:

In a general sense, I believe that the customer environment is the most important of the three major environments in a situation analysis. The customer environment consists of all the factors that impact the relationship between a business and its customers, including the needs and preferences of the customers, the quality and availability of the products or services offered by the business, and the competition from other businesses.

I think that the customer environment is the most important because it ultimately drives the success or failure of a business. If a business is unable to meet the needs and preferences of its customers, it will not be able to attract and retain a sufficient number of customers, and therefore will not be able to generate the revenue and profit needed to survive and thrive. On the other hand, if a business is able to understand and respond to the customer environment, it can create a positive and rewarding experience for its customers, which can lead to loyalty, word-of-mouth advertising, and long-term success.

There may be situations in which the other environments are more important than the customer environment. For example, if a business is facing significant internal challenges, such as a lack of funding, poor management, or low morale among employees, these issues may need to be addressed before the business can focus on the customer environment. Similarly, if a business is operating in an external environment that is undergoing rapid and significant changes, such as a shift in consumer preferences, new regulations, or disruptive technologies, the business may need to adapt quickly in order to remain competitive and relevant. In these cases, the internal and external environments may be more important than the customer environment in the short term, but ultimately the success of the business will depend on its ability to respond effectively to the customer environment.

Asset-backed securities are debt security whose payments originate from other loans, such as credit card debt, auto loans, and home equity loans.

A financial investment known as asset-backed security (ABS) is one that is secured by a pool of underlying assets, typically those that produce a cash flow from debt such as loans, leases, credit card balances, or receivables. It takes the shape of a bond or note and provides income at a fixed rate till maturity over a predetermined period of time. Asset-backed securities can provide an alternative to traditional debt products, such as corporate bonds or bond funds, for income-focused investors.

Asset-backed securities give their issuers the ability to raise money for lending or other types of investments. An ABS's underlying assets are frequently illiquid and cannot be sold separately.

Learn more about securities here: https://brainly.com/question/24093027

#SPJ4

On May 1, note the sale of $131,000 in receivables by the Balus Company. A factoring fee of 3.00% is assessed to Balus as a debit to cash, a debit to factor fee expense, and a credit to accounts receivable.

The amount of cash on hand increases after debiting a cash account. However, if you debit an accounts payable account, the amount of the accounts payable liability decreases.

The factoring fee, which is also referred to as the discount rate, varies from 1% to 5%, depending on the size of the invoice, the volume of sales, the creditworthiness of the client, and whether the factor is "recourse" or "nonrecourse."

To know more about debit cash, visit:

https://brainly.com/question/28188619

#SPJ1

This is the most common third-party intervention, and negotiators surrender control over the process while maintaining control over outcomes. is the meaning of Meditation.

When two parties work together to discuss and try to resolve a legal issue, it is referred to as mediation. A mediator is a third party who is impartial in the situation. The goal of voluntary mediation is to come to a consensus.

An unbiased third person helps opposing parties resolve dispute via the use of specialized communication and negotiation strategies in mediation, which is a structured, interactive process.

To know more about third-party intervention, refer:

https://brainly.com/question/15252142

#SPJ4

The right answer is Option A. Mike is most demonstrating as a community stakeholder because he is running his business more business-minded and does not give back to the community. Therefore, he has a stake (Loan) in the community over his head.

According to the definition of the term "stakeholder" in a 1963 internal Stanford Research Institute paper, a stakeholder in a corporation is a member of "groups without whose support the organization would cease to exist."

A community is a social unit (a collection of living beings) that shares factors like geography, traditions, beliefs, values, or identity. Communities situated in a certain location may have a sense of place.

To learn more about stakeholders

https://brainly.com/question/28625232

#SPJ4

Answer:

Operating Activities.

Explanation:

All the things a company does to bring its products and services to market on an ongoing basis.

Transactions and events affect net income such as the production and purchase of inventory, the sale of goods to customers, and expenditures to run a business are classified as Operating activities .

Operating operations are all the things a business undertakes to consistently advertise its goods and services. Non-operating activities are one-time occurrences that may have an impact on sales, costs, or cash flow but are unrelated to the regular, main activity of the firm.

Creating income, covering costs, and providing working capital are all examples of operating operations. It is computed by first calculating a company's net income, then making adjustments for non-cash items and working capital movements.

The appropriate response is option C.

To learn more about Operating activities

https://brainly.com/question/14122060

#SPJ2

From given data of sales, variable costs and income we get,

The difference between a company's sales and variable costs, represented as a percentage, is the contribution margin ratio.

The total income that can be used to cover fixed costs and turn a profit is represented by an entity's total margin.  The ratio, when applied to a single unit sale, expresses the percentage of profit made on that particular sale.

The basis for break-even analysis, which is employed in the overall cost and sales price planning for items, is the contribution margin. A product's selling price range, the expected level of profit from sales, and the structure of sales commissions paid to sales team members, distributors, or commission agents can all be determined using the contribution margin. It also assists in separating out the fixed cost and profit components resulting from product sales.

Given: Sales = $ 5,400, Variable costs $ 3,024, income $ 440

Contribution margin ratio = (Contribution margin/sales) × 100

= $2,376/$5,400 × 100

= 44%

 Fixed cost = Contribution - Net income 

= $2,376 - $440

= $1,936

To know more about contribution margin ratio, follow link:

https://brainly.com/question/24039258

#SPJ4

A category of commercial product known as installation entails significant financial commitments for brand-new factories, specially designed software, large machinery, and equipment.

Buying and selling products or services to be consumed by the purchasing organization, utilised in the manufacture of additional products or services, or to be sold to wholesalers and retailers for resale.

Market-Penetration Plan. Using existing products in existing markets, a corporation can increase its market share by implementing a market penetration plan.

To know more about B2B markets visit :-

https://brainly.com/question/15735558

#SPJ4

A contingency plan for structures vital to a huge enterprise could be larger than that for a small enterprise.

The required details about contingency plan is mentioned in below paragraph.

Contingency  plans is described as a route of movement designed to assist an enterprise reply to an occasion which could or might not happen. Contingency plans also can be cited as 'Plan B' due to the fact it is able to paintings as an opportunity movement if matters do not cross as plannedA contingency plan is a route of movement designed to assist an enterprise reply successfully to a enormous futureincident, occasion or state of affairs which could or might not happen.

A contingency plan is occasionally cited as "Plan B" or a backup plan due to the fact it is able to additionally be used as an opportunity movement if predicted consequences fail to materialize. Contingency  plans is a part of enterprise continuity (BC), catastrophe restoration (DR) and hazard management. Contingency plans and generation DR plan improvement are intently associated concepts. The National Institute of Standards and Technology (NIST) preferred for IT catastrophe restoration making plans includes contingency in its title.

To learn about contingency plan visit here.

https://brainly.com/question/939242

#SPJ4

A housing allowance. an education allowance for the manager's children. relocation allowances to reimburse for the cost of moving.

What do you mean by allowances?

Important parameters including the quantity of the commodity being purchased, the buyer's price, and the date and place for delivery are pre-agreed upon by the buyer and seller when engaging into futures contracts. However, the allowances that specify the acceptable levels of quality and quantity that the seller must give in order to have honoured their agreement are another crucial provision in these contracts. Without these exceptions, there would be much more potential for dispute between purchasers and sellers about whether the contract's conditions were truly met.

Importantly, neither the buyer nor the seller may bargain for allowances in futures contracts. They are instead created by the people who run the commodities exchanges.

To study more about allowances.

https://brainly.com/question/13362005

#SPJ4

Suppose the company desires to make a profit of shs. 195,000, what should be the output in units is given as 27444.44 units

The calculation of the break even point

66 - (44 + 4)

= 18

The break even sales unit

200000 + 90000 / 18

= $16611

Break even sale in amount = 16611 x 66

= 1096326 dollars

299000 + 195000 / 18

= 27444.44

The sales output in units is 27444.44

Read more on sales output here: https://brainly.com/question/14182033

#SPJ1

Answer:

the amount she owes is correct

that a credit is about to be used up, or maxed out

because it indicates late payments

has had trouble paying debts

Explanation:

Flu shots provide a positive externality. Suppose that the market for vaccinations is perfectly competitive. Without government intervention in the vaccination market, All of the above are correct.

A vaccination is a sort of medication that prepares the immune system of the body to combat a disease it has never encountered before. Instead of treating a disease once it has been contracted, vaccines are intended to prevent it. The administration of a vaccine aids in the immune system's development of disease immunity. A microbe or virus in a weakened, living, or deceased state, as well as proteins or toxins from the organism, are all components of vaccines. They aid in preventing illness from an infectious disease by boosting the body's adaptive immunity. Herd immunity occurs when a sufficient proportion of a population has received a vaccination.

To know more about vaccination , visit

https://brainly.com/question/2620291

#SPJ4

One kind of imperfect competition is monopolistic competition. In the same way that there is perfect competition, many businesses have low entry barriers. However, businesses offer differentiated substitutes that differ in some ways.

There will be a lot of businesses because there is a chain of coffee shops. Customers prefer a single chain's coffee, indicating differentiated offerings. Because there are few barriers to entry, the market model favors monopolistic competition.

Monopolistic competition is a type of market structure in which numerous businesses produce products that are comparable but distinct. Each company operates independently and without regard for the actions of other businesses, so none of them hold a monopoly.

To learn more about monopolistic competition here

https://brainly.com/question/29407851

#SPJ1

An hourly wage of $20 equates to a yearly salary of $41,600 for someone working 40 hours per week for 52 weeks per year, or $40,000 if you take 2 weeks of unpaid leave (50 weeks per year). These figures are pre-tax, don't take into account for overtime or sick pay and assume you work the same number of hours every week.

The earnings of Jorge per year will be $41600 which includes 52 weeks will be $41600.

Arithmetic operators are four basic mathematical operations in which summation, subtraction, division, and multiplication involve.,

As per the given,

Per hour earning = $20

Number of work hours in one week = 40

Total earning per week = 40 x 20 = $800

Number of weeks in one year = 52

Per year earning = 52 x $800 = $41600

Hence "Jorge will make $41600 year or $41600 over the course of 52 weeks".

To learn more about the arithmetic operators,

brainly.com/question/25834626

#SPJ2

The following is not a possible solution is :

The electric utility could be owned and run by the government.

Any monetary loss caused by harm is referred to as a "economic loss," which includes missed income or other employment-related benefits, medical bill losses, losses from replacing services, losses from fatalities, etc., burial costs, and lost business or employment opportunities), to the extent that compensation for such losses is possible.

The difference between a product's sales earnings and the costs of all inputs used, as well as any opportunity costs, is what is known as an economic profit or loss. Realized revenues are deducted from opportunity costs and explicit costs to determine economic profit.

The cost of market inefficiency, which happens when supply and demand are out of balance, is known as a deadweight loss.

To learn more about economic  loss refer to :

brainly.com/question/20314608

#SPJ4

The total cost (valued in dollars) of skipping practice and going to the fair (including the opportunity cost of time) is $22.

What is an opportunity cost?

According to microeconomic theory, an activity's opportunity cost is the value or gain that is forfeited in exchange for engaging in that activity as opposed to engaging in an alternative activity. Simply put, it means you forfeit the chance to engage in a different activity if you choose one activity (for instance, an investment). The activity that yields the highest return among all others, net of opportunity costs, is the one that is considered to be the ideal activity. You cannot rent out a car, for instance, if you buy it and use it just for personal transportation. However, if you rent it out, you are not allowed to use it for personal transportation. The best option is to drive yourself if the expense of using public transportation exceeds the benefit of hiring a car. Opportunity cost may be expressed in the following way: "Opportunity Cost = (returns on best Forgone Option) - (returns on Chosen Option" The opportunity cost of mowing one's own lawn for a doctor or a lawyer (who might otherwise make $100 an hour if they chose to work overtime during that time instead) would be higher than for a minimum-wage employee (who in the US might earn $7.25 an hour), making the former more likely to hire someone else to mow their lawn for them.

To learn more about an opportunity cost from the given link

https://brainly.com/question/1549591

#SPJ4

You work as an assistant coach on the university basketball team and earn $13 per hour. One day, you decide to skip the hour-long practice and go to the county fair instead, which has an admission fee of $9.

The total cost (valued in dollars) of skipping practice and going to the fair (including the opportunity cost of time) is___?

"Investment income includes gross income from interest, annuities, and royalties not derived in the ordinary course of a trade or business but does not include any income taken into account when calculating income or loss from a passive activity". The following statement is true.

⇒ Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort.

In the world of finance, investing is done in order to profit from the asset being put to use. A gain (profit) or loss realized from the sale of a home or investment, unrealized capital gain (or loss), investment income like dividends, interest, or rental income, or a combination of capital gain and income may all be included in the return. The return may also include foreign exchange gains or losses as a result of shifting exchange rates.

To learn more about investment, visit:

brainly.com/question/29547577

#SPJ4

Return facilitators is required answer i.e. option d. As they specialize in handling all aspects of customer giving back a manufactured good.

A facilitator is a person who assists a group of people in improving their ability to cooperate, comprehend their shared goals, and devise strategies for achieving these goals, during meetings or conversations.

You need to be objective and concentrate on the "group process" if you want to facilitate effectively. Specifically, how teams collaborate to complete tasks, reach decisions, and address issues. Being objective and guiding the group so that its thoughts and solutions flow are key components of effective facilitation.

In a business, return facilitators are responsible for making it easier for customers to return their purchases. His responsibility is to manage all accounts and make sure that customers are paid back for returned goods.

As an illustration, Amazon needs return facilitators to handle return orders.

To know more follow link:

https://brainly.com/question/18978336

#SPJ4

The following is the net income of Thomas Company -$3100.

Solution:

Particulars                                                         Amount

Net sales                                                           180600

Cost of goods sold                                            144400

Selling expense                                                 15200

General expense                                                22600

Interest expense                                                 1500

Net income/Loss                                                -3100.

Net income also known as net income is calculated as revenue minus cost of goods sold selling general and administrative expenses operating expenses depreciation interest taxes and other expenses. A number that helps investors determine how well an organization's revenues exceed its costs. This number appears on the company's income statement and is also an indicator of the company's profitability.

An operating loss occurs when a company's operating expenses exceed its total profit. Operating loss does not include interest income, interest expense, extraordinary gains or losses, or the impact of gains or losses on equity investments or taxes. These items are below the line meaning they are added or subtracted after the operating loss.

Learn more about Net income here:- https://brainly.com/question/28390284

#SPJ4

Investors can form risky portfolios out of more than 2 risky assets.  The statements that are correct are:

1. Out of all feasible risky portfolios, the minimum variance portfolio should have the lowest volatility.

2. All investors, regardless of risk aversion levels, will choose optimal complete portfolios on the same capital allocation line.

3. Investors’ risk aversion levels do not affect their optimal portfolio decisions.

An investor is someone who allocates financial capital with the expectancy of a future return (profit) or to benefit from a bonus (interest). via this allocated capital maximum of the time, the investor purchases a few species of belongings.

As a leading investor, you are not a proprietor. in case you purchase equity in an employer, you have got made ownership funding. The return you earn might be your proportional proportion of the commercial enterprise's earnings. The preliminary funding quantity will stay tied up in the employer's general price.

Learn  more about Investors here https://brainly.com/question/25311149

#SPJ4

Positive slope because as the price level rises in the short term, so does the amount of total output supplied. The fundamental source of the SRAS curve's increasing slope is the fact that enterprises find it more profitable to produce when wages are set rather than variable in the near term.

What is SRAS curve?

The SRAS (Short-Run Aggregate Supply Curve) curve demonstrates that the amount of real GDP that will be generated in an economy grows as the price level rises and you move along the SRAS. A shift to the right indicates an increase in the SRAS.

Because the quantity supplied rises when the price rises, the aggregate supply curve in the short run has an upward slope. Businesses only have one fixed factor of production in the short term (usually capital ). The output and real GDP increase at a given price as the curve moves outward.

The aggregate supply curve slopes downward because financial institutions will raise interest rates when inflation rises to keep it under control.

To learn more on SRAS curve from the link:

https://brainly.com/question/26875448

#SPJ4

A channel member (producer, wholesaler, or retailer) who coordinates, directs and supports other channel members is referred to as a channel captain.

In British, a channel captain is a marketing term. the most prominent member of a distribution channel, and frequently the one who decides specifications (which usually consists of a manufacturer, wholesaler, and retailer). The manufacturer is sometimes the channel captain, but in the case of a chain store, it could be the retailer. The manufacturer is sometimes the channel captain, however in the event of a chain shop, it might be the retailer. The Collins English Dictionary HarperCollins Publishers, Inc. These samples were chosen at random and may contain sensitive topics.

To know more about channel captain visit the link

https://brainly.com/question/29351071

#SPJ4

A multinational enterprise, abbreviated as MNE and every now and then additionally referred to as multinational organization (MNC), just multinational or worldwide corporation, is an organization producing items or turning in offerings in extra than one country

MNEs are believed to promote increase and employment via growing new jobs, comprehend new investments, bring in new technologies, and permit host economies to integrate and upgrade in global value chains (GVCs).

Examples of multinational companies consist of Apple, Amazon, Microsoft, McDonald's, and Volkswagen. These agencies are headquartered in one country but operate divisions in many different international locations in order to expand their enterprise and attain more customers.

Learn more about multinational enterprise here:

Using the specific identification inventory method, the cost of goods sold for Concord Shutters on November 30 is $1,779 (B).

Specific identification inventory method is an inventory tracking system that individually track an inventory from the time it enters the inventory until the time it leaves. Specific identification inventory method allows a company to identify, mark, and track each item of its inventory.

Frorm the case, we know that:

Batch                Units  Price per unit  Inv. value   End Inv.   End Inv. Value

11/01  Inventory   30           $7.00             $210         30              $210

11/08  Purchase  110          $8.30             $913          20              $166

11/17  Purchase    70          $8.60             $602         20              $172

11/25 Purchase   90           $8.60            $774          20              $172          

Total                                                       $2,499                           $720

To find cost of goods sold, we could use formulation:

COGS = Total inventory values - Ending inventory values

COGS = $2,499 - $720

COGS = $1,779

Learn more about Specific Identification Method here: https://brainly.com/question/29217780

#SPJ4

Complete Question:

Concord Shutters has the following inventory information,

Nov. 1  Inventory  30 units, each $7.00

       8  Purchasse 100 units, each $8.30

      17  Purchase  70 units, each $8.60

     25  Purchase  90 units, each $8.60

A physical count of merchandise inventory on November 30 reveals that there are 90 units on hand. Assume a periodic inventory system is used. Assuming that the specific identification method is used and that ending inventory consists of 20 units from each of the three purchases and 30 units from the November 1 inventory, cost of goods sold is

a. $1769

b. $1779

c. $1791

d. $1737

Normal spoilage is inherent to a production process. In other words, it arises even when the production is carried out in the most efficient way. Typically these normal spoilage costs are included in the cost of goods sold.

Normal spoiling is the term used to describe how items naturally degrade while going through the production or inventory stages of the sales cycle. This is the product line degradation that is typically seen as inevitable and expected.

Even when the process is run efficiently, abnormal spoiling can still happen, but normal spoilage is avoided when the process is run efficiently. Normal spoiling is exactly that—normal—and is expected during routine commercial or industrial activities, particularly for businesses that produce or handle perishable goods.

Abnormal spoiling is defined as spoilage that goes beyond what is customary or anticipated historically.

To learn more about Normal spoiling  visit:https://brainly.com/question/29852506

#SPJ4

True. if you experience presentation anxiety beginning the evening before you are scheduled to speak, you should spend the entire evening practicing the presentation.

What is a presentation?

An audience receives information from a speaker through a presentation. The typical purpose of a presentation is to enlighten, convince, inspire, motivate, build goodwill, or offer a new idea or product. Presentations can also include speeches, introductions, lectures, or demonstrations.

Preparation, planning, organizing, writing, the use of visual aids, stress management, and question-answering are typically necessary for presentations. "The presenter, audience, message, response, and means to give speech for organizational achievement in an effective manner" are the fundamental components of a presentation.

In tertiary professional contexts, presentations are frequently utilized by accountants to provide a thorough analysis of a company's financials or by entrepreneurs to pitch their venture idea to investors.

To learn more on presentation from the link:

https://brainly.com/question/24653274

#SPJ4