False: According to generally accepted accounting principles, a certain percentage of each age group of accounts receivables is predicted to become uncollectible.
What is the uncollectible method not allowed by GAAP?The immediate write-off approach is not permitted by GAAP. By failing to correctly record bad debt expense in the same period as the associated sale, it violates the matching principle. The direct write-off approach may be used by nonpublic businesses that are tiny and have few receivables for the sake of simplicity.Only the allowance technique is an acceptable approach for estimating uncollectible accounts receivable under U.S. GAAP. When a corporation uses the allowance method, which adheres to the matching principle, it records bad debt expense when it believes there is a significant possibility the receivable won't be recovered.The receivable balance in each of the ageing categories is multiplied by a reserve rate to determine the allowance for uncollectible accounts (see table below).To learn more about accounting refer to:
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Which of the following is true of developing a market niche based on any legal category
(e.g., farming or prospecting a specific area)?
It's an example of a tie-in arrangement and is an antitrust violation.
It's an example of group boycotting and is an antitrust violation.
It's an example of market allocation and is an antitrust violation.
It's permissible.
Based on the available options and the market niche concept the true statement is
It's permissible. (It's an example of market allocation and is an antitrust violation.)
What is Market Niche?Market Niche is a term that is used to describe the subset of the market on which a specific product is focused.
Generally, the term market niche specifies the product features aimed at satisfying specific market needs, as well as the price range, production quality, and demographics that it is planned to target.
Given that the market niche, in this case, is based on farming or prospecting a specific area, it is considered permissible because it is an example of market allocation and is an antitrust violation.
Hence, in this case, it is concluded that the correct answer is options C and D.
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Country Z is both a producer and an importer of green tea. If country Z imposes a tariff on imports of green tea, which of the following will occur in the domestic market of green tea?
A. Consumer surplus will increase.
B. Domestic production will increase.
C. Total consumption of green tea will increase.
D. Producer surplus will decrease.
E. The price paid by domestic consumers will decrease.
D. Producer surplus will decrease. If country Z imposes a tariff on imports of green tea, which of the following will occur in the domestic market of green tea.
what is domestic ?
Domestic pertains to a person's home country, or the internal affairs of a nation. It is typically used to refer to things that are done within a particular nation, such as politics, culture, economics, or military. Domestic affairs are distinct from global or international affairs, which involve activities or issues of multiple nations.
Domestic policies are those that are created and implemented by governments to regulate their internal affairs and address the needs and concerns of their own citizens. Examples of domestic policies can include taxation, healthcare, education, immigration, and foreign trade. Domestic policies are always created with the intention of benefiting the citizens of the nation and addressing issues that are important to them.
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describe, in order, the events that happened from the last day of passover until pentecost. in the book night
In the story Night, the Jewish community's leaders were detained by the Germans on the seventh day of Passover, which set off a chain of events.
Elie Wiesel's book Night, recounts their experiences in the Nazi concentration camps in Buchenwald and Auschwitz. The phrase with misfortune comes a loss of trust in oneself and humanity appears often throughout the novel. The beginning of the end for the Jews of Sighet came with the German's arrest of the Jewish community's leaders on the seventh day of Passover. After that, the Jewish community was subject to a number of formal limitations.
The events can be described as -
-The Germans detained the Jewish community leaders on the seventh day of Passover.
- For three days, Jewish occupants were prohibited from leaving their homes.
- Jews had to start donning the yellow star at the end of the three days.
- There were now two ghettos.
- Stern went to a council emergent meeting on the Saturday before Pentecost. He informed the others when he got back that they would all be deported starting the following day.
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Your timing was good last year. You invested more in your portfolio right before prices went up, and you sold right before prices went down. In calculating historical performance measures, which one of the following will be the largest?* A) Dollar-weighted return B) Geometric average return C) Arithmetic average return D) None of the above
Dollar-weighted return will be the largest among all the options when measuring historical performance. Therefore Option A would be the correct option.
The performance of an investment is gauged by the money-weighted rate of return. The rate of return that will bring the current values of all cash flows to equal the cost of the initial investment is used to compute the money-weighted rate of return.
The internal rate of return (IRR) is similar to the money-weighted rate of return (MWR).
The beginning value of an investment is determined by the money-weighted return to be equal to the expected future cash flows, including dividend additions, withdrawals, deposits, and sale revenues.
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Which of the following security types provides investors with a stated maturity date, a floating interest rate, and an option to put the security back to a financial intermediary on a daily or weekly basis?A. equity put optionB. perpetual preferred stockC. variable rate demand noteD. tax-deferred variable annuity
Variable Rate Demand Note provides investors with a stated maturity date, a floating interest rate, and an option to put the security back to a financial intermediary on a daily or weekly basis.
What is Variable Rate Demand Note?
A Variable Rate Demand Note (VRDN) is a type of debt security issued by banks, corporations and other institutions. VRDNs are usually issued at a discount to face value and can be redeemed at any time at the issuer’s discretion. The interest rate on the note is variable and can fluctuate throughout the life of the note. Investors are attracted to VRDNs because of their flexibility and the potential for higher returns. They are typically used in the capital markets for corporate financing or by institutional investors to hedge against rising interest rates. VRDNs are also advantageous because of their liquidity, as they can be easily redeemed if the investor needs the funds.
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According to the course materials, which of the following regions is the best example of how the market economy caused regions to specialize in certain goods?
According to the course materials, an increase in people leaving cities in less developed countries. Consumers find products at lower prices.
A market is a place where forces of demand and supply operate and where buyers and sellers interact to trade goods, services, contracts, or instruments for money or barter. The production method is financially the most efficient and effective because there is less of a need for skilled workers. A market economy is a type of economic system where supply and demand regulate the economy, rather than government intervention.
A truly free market economy is an economy in which all resources are owned by individuals.
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the diffusion of ideas from the industrial revolution was slow, especially the railway system, because
The diffusion of ideas from the industrial revolution was slow, especially the railway system, because there was very little cooperation among the small, politically unstable countries of Europe.
What is Industrial Revolution?
The shift from homemade to machine product was known as the Industrial Revolution. Scholars differ important about when it began and ended, although the time frame substantially covered the times 1760 to 1840. In ultramodern history, the Industrial Revolution was the transition from an agricultural and handcraft frugality to one dominated by assiduity and machine product. These technological advancements brought about unique working and living arrangements and radically altered society. An agricultural frugality gave way to an artificial frugality during the Industrial Revolution, where effects were no longer simply manufactured by hand but also by machines.
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in a management information system, structuring the data component to define what data is collected and what form is usually straightforward if an organization has .
If a company has a management information system, it is usually easy to organize the data component to determine what data is acquired and in what format.
What is a management information system?It is typically simple to arrange the data component of a corporation with a management information system to decide what data is acquired and in what format.
Emphasized its strategic ambitions, goals, and driving forces
In an organizational setting, people, procedures, and technology are all involved in the study of management information systems.
In a corporate context, adopting management information systems is ultimately intended to boost the worth and earnings of the company.
MIS tools are used to manage and transport data.
They are the foundation of the information management field and are frequently regarded as the original information-era systems.
MIS creates data-driven reports that assist organizations in making the best choices at the appropriate times.
Therefore, if a company has a management information system, it is usually easy to organize the data component to determine what data is acquired and in what format.
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which of the following is defined as the difference between the budgeted or actual revenues and breakeven revenues?
Prior to the establishment of the Federal Reserve System, how financial panics in the United States often get started.
In order to better oversee the financial system, Congress passed a law in 1913 creating the Federal Reserve System. This was due to the fact that they had observed that multiple financial panics in the United States could have been avoided if there had been a centralized monetary authority to oversee the sector and ensure that panics were minimized. Crops played a major role in how financial panics developed in the years before to the establishment of the Federal Reserve system. A crop failure would cause prices to soar out of control, unanticipated inflation, and a panic. Other periods, abundant crops or a surplus would result in falling market prices and the possibility of forcing people into bankruptcy, which would also cause a panic.
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A firm's marketing mix consists of 4 major components, which are generally referred to as the four
The major marketing mix elements of any firm is a product, price, place, and promotion.
What is the importance of marketing mix?The marketing mix elements place a significant role in the success of any firm. It helps to determine the offered services to the customers and helps them to educate them about what unique services are offered.
These four elements include Product, Price, place, and promotion which help in targeting the intended audience by making the best appropriate strategies that help to cater to them and persuade them to buy and increase sales.
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Julia earns gross monthly pay of $3300. Of her paycheck, 25% is withheld for deductions, which means that 75% is net earnings. If she pays $300 for utilities, what percentage of her net earnings is used to pay her utility bills?
Answer choices have been rounded to the nearest whole percent.
A. 10%
B. 14%
C. 20%
D. 12%
The correct option D. 12%. If Julia spends $300 for utilities, 12% of her net income will be utilized to cover those costs.
Define the meaning of percentage?%, which is a relative figure used to denote hundredths of any quantity. Since one percent (symbolized as 1%) is equal to one hundredth of something, 100 percent stands for everything, and 200 percent refers to twice the amount specified.For the stated question:
Net income = 75% of $3300
Net income = 75*3300 / 100
Net income = $2475
Let 'x' be the percentage spent on utility bills.
Then,
x% of 2475 = 300
2475x / 100 = 300
2475x = 30000
x = 12.12%
x = 12%
Thus, if Julia spends $300 for utilities, 12% of her net income will be utilized to cover those costs.
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which of the following entities would not require accounting information pertaining to their economic activities? multiple choice social clubs not-for-profit entities state governments small businesses
All of the above require accounting information would not require accounting information pertaining to their economic activities.
An economic activity is what?When resources like labor, manufacturing processes, capital goods, and intermediary items are combined to create a particular good or service, such activity is considered to be economic in nature. A resource input, a manufacturing process, and a product output are thus the characteristics of an economic activity (goods or services).
What justifies the importance of economic activity?In order to run the government, the nation generates income. The creation of jobs, the production of items for domestic use as well as exportation abroad. Economic activity is necessary for a nation to survive.
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4-A) Given the conditions presented in the headline above, what is likely to happen to spend in the economy? Explain your answer.
: 4-B) Discuss the relationship between spending and output in this situation?
: 4-C) What is likely to happen to a real gross domestic product due to the relationship between spending and output?
An inflation-adjusted measure of the value of all goods and services produced in an economy is known as real gross domestic product.
For two primary reasons, we emphasize the positive relationship between an economy's income and output and total planned spending: When real GDP is growing strongly, employment is likely to rise as businesses hire more workers for their factories and people have more money in their pockets.
Households are more likely to spend more on many goods and services if they have a higher income.
What is economy?An economy is a system of interconnected activities in production and consumption that ultimately determine how resources are distributed within a group. The production and consumption of goods and services as a whole satisfy the requirements of its inhabitants and businesses.the method or system by which a country or region produces, sells, and purchases goods and services. The country's economy was changed by the war. The city's economy will benefit from an increase in tourism. The economy is either strong or weak right now.The art of making the most of life is called economy. Shaw, George Bernard. Economics is the study of human behavior in everyday life. Frederick Marshall The study of human behavior as a relationship between ends and scarce means with alternative uses is what economists study.To learn more about economy:
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Managerial accounting question:
Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates:
Machine-hours required to support estimated production 155,000
Fixed manufacturing overhead cost $ 658,000
Variable manufacturing overhead cost per machine-hour $ 4.10
Required:
1. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.)
2. During the year, Job 400 was started and completed. The following information was available with respect to this job:
Direct materials $ 330
Direct labor cost $ 250
Machine-hours used 35
Compute the total manufacturing cost assigned to Job 400. (Round "predetermined overhead rate" to 2 decimal places. Round other calculations and final answer to the nearest whole dollar.)
3. If Job 400 includes 50 units, what is the unit product cost for this job? (Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.)
4. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? (Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.)
***Brainliest will be awarded to the first person who answers this question correctly!***
1) The computation of the plantwide predetermined overhead rate is $4.25 per machine hour.
2) The total manufacturing cost assigned to Job 400 is $872.25.
3) If Job 400 includes 50 units, the unit product cost is $17.45.
4) If Moody uses a markup percentage of 110% of its total manufacturing cost, the selling price per unit for Job 400 is $19.20.
What is the predetermined overhead rate?The predetermined overhead rate gives the quotient of the total fixed overhead costs for the year divided by the estimated activity level for the year.
The computation of the predetermined overhead rate helps in allocating the overhead costs based on their cost drivers.
Required machine-hours = 155,000
Fixed manufacturing overhead cost = $658,000
Variable manufacturing overhead cost per machine-hour = $4.10
Plantwide predetermined overhead rate = $4.25 ($658,000/155,000)
Job 400:Direct materials $ 330
Direct labor cost $ 250
Machine-hours used 35
Overhead costs:Variable = $143.50 ($4.10 x 35)
Fixed = $148.75 ($4.25 x 35)
Total overhead costs = $292.25
The total cost of Job 400 = $872.25 ($292.25 + $330 + $250)
Unit cost of Job 400 = $17.45 ($872.25 ÷ 50)
Selling price for each unit of Job 400 = $19.20 ($17.45 x 1.1)
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fill in the blanank. in the sales comparison approach, the appropriateness of the various comparable sales in relationship to the subject is considered in a process known as___, where certain factors may be given more weight.
In the sales comparison approach, the appropriateness of the various comparable sales in relationship to the subject is considered in a process known as correlation, where certain factors may be given more weight.
Correlation, in the money and venture businesses, is a measurement that actions how much two protections move comparable to one another. Connections are utilized in cutting edge portfolio the board, processed as the relationship coefficient, which has a worth that should fall between - 1.0 and +1.0. Connection shows the strength of a connection between two factors and is communicated mathematically by the relationship coefficient. The connection coefficient's qualities range between - 1.0 and 1.0.
An ideal positive relationship implies that the connection coefficient is precisely 1. This suggests that as one security moves, either up or down, the other security moves in lockstep, in a similar bearing. An ideal negative connection implies that two resources move in inverse headings, while a zero connection suggests no straight relationship by any stretch of the imagination.
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with the exception of column one, all amounts are in dollars. what is starting principal of the loan? give your answer in dollars to the nearest dollar. do not include commas or the dollar sign in your answer.
The principal loan is 150000 dollars
First let us get the monthly rate. This can be gotten using the formula
Where P is principal,
r is the percent interest rate per year, so to get monthly interest is divide by 12
is is the monthly interest.
Using column 1 to determine the rate, we have
Now, the interest rate r = 6%
The starting principal becomes
Therefore, the answer is 150000 dollars
Principal is most normally used to allude to the first amount of cash acquired in a credit or put into a speculation. It can likewise allude to the presumptive worth of a bond, the proprietor of a privately owned business, or the main member in an exchange.
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5. What does a production possibilities graph show in economics?
O possible production costs
how many items can be produced in a specific amount of time
one's top two choices when making a decision
Oone's final choice
if you make a decision make sure that that was the right thing
as you write your business plan, you include a section about financing the start-up costs. you have limited personal savings and do not want to ask family or friends for loans. therefore, you expect to rely solely on bank loans for your expenses. which of the following statements are true? check all that apply. banks may require that you personally guarantee a loan. expecting to obtain loans, without any alternative plans, may prevent you from opening the business. new businesses often have difficulty obtaining bank loans. a bank officer who approves a loan to your business will not assume a management role in the company. your plan to borrow start-up funds is the best and most realistic business strategy.
Expecting to obtain loans, without any alternative plans, may prevent you from opening the business. New businesses often have difficulty obtaining bank loans and community banks are the leading source of funding for entrepreneurial ventures.
Business is the process of earning a livelihood or earning money by manufacturing, purchasing, and selling goods. Having a business name does not remove the business entity from the owner, which means that the owner is accountable and liable for the firm's debts.
If the company incurs debts, creditors may seize the owner's personal belongings. In addition, the phrase is sometimes used informally to refer to a business, such as a corporation or cooperative.
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1. an employee steals cash collected from a customer's accounts receivable and hides the theft by issuing a credit memorandum indicating the customer returned the merchandise.
This is an example of embezzlement, which is the act of stealing or misusing money or property that has been entrusted to one's care.
What is the credit memorandum indicating the customer returned the merchandise?
In this scenario, the employee has stolen cash that was collected from a customer's accounts receivable and has attempted to conceal the theft by issuing a credit memorandum indicating that the customer returned the merchandise. This is a fraudulent act and could lead to severe consequences for the employee, including termination, legal charges, and possible imprisonment. It is also an act that can ruin the reputation of the business and lead to a loss of customer trust. The company should take immediate action to investigate the incident and take appropriate measures to recover the stolen funds and prevent similar incidents from happening in the future.
This can include implementing internal controls, such as regular audits and monitoring systems to detect any suspicious activity.
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Complete question
An employee steals the cash collected from a customer for an account receivable and conceals this theft by issuing a credit memorandum indicating that the customer returned the merchandise. 2. A small fire destroys 3 days of cash receipts. 3. The official designated to sign checks is able to steal blank checks and issue them without fear of detection. 4. A salesclerk in serving customers often rings up a sale for less than the actual amount and then keeps the additional cash collected from the customer. 5. Three cashiers use one cash register drawer and the cash in the drawer is often short of the balance kept on hand. 6. Each cashier counts his own register drawer each day and verbally reports the results to the supervisor. Cashiers with over 5 years' experience are not bonded. Documentation Procedures and Independent Internal Verification Independent Internal Verification Segregation of Duties and Physical Controls None Physical Controls and Human Resource Controls Independent Internal Verification and Human Resource Controls Segregation of Duties and Documentation Procedures Segregation of Duties and Human Resource Controls Segregation of Duties Establishment of Responsibility Physical Controls Physical Controls and Independent Internal Verification Establishment of Responsibility and Human Resource Controls Documentation Procedures and Human Resource Controls Establishment of Responsibility and Documentation Procedures Documentation Procedures Establishment of Responsibility and Physical Controls Human Resource Controls Establishment of Responsibility and Independent Internal Verification Physical Controls and Documentation Procedures Establishment of Responsibility and Segregation of Duties Segregation of Duties and Independent Internal Verification Listed below are seven errors or problems which might occur in the processing of cash transactions. Also shown is a list of internal control principles. Evaluate each possible error and cite a principle that is listed that would reduce the probability of the error occurring. If none of the principles given will correct the problem, select "None. "If you think more than one principle is appropriate. list all principles that apply.
An economy consists of three workers: Charles, Gilberto, and Lorenzo. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Charles can either mow 2 lawns or wash 1 car; Gilberto can either mow 1 lawn or wash 1 car; and Lorenzo can either mow 1 lawn or wash 2 cars.For each of the scenarios listed in the following table, determine how many lawns will be mowed and how many cars will be washed per day and enter these values into the corresponding row.Scenarios1. All three spend all their time mowing lawns.2. All three spend all their time washing cars.3. All three spend half their time on each activity.4. Charles spends half his time on each activity, while Gilberto only washes cars and Lorenzo only mows lawns.
When all three spend all their time mowing lawns then total lawns mowed is 40 and car washed is none and if they spend half time in washing cars then lawn mowed is 20 and car washed is 20.
What is teamwork?
Teamwork is the collective effort of a group to accomplish a job or reach a common objective in the most effective and efficient manner possible. This idea is viewed within the larger context of a team, which is a collection of interdependent individuals working together to achieve a common objective. Research demonstrates that group problem-solving produces superior results. If they have a team behind them, people are more inclined to take calculated risks that result in innovation. Working as a team promotes development of the individual, boosts job satisfaction, and lessens stress.
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Based on the balance sheets above of three different banks, which of the following is true, if the reserve requirement is 10%?Bank B can increase its loans by $40
The correct answer is that a bank's balance sheet shows that total assets equal total liabilities plus equity capital. Bank B has no excess reserves.
The Cash Reserve rate( CRR) refers to the share of Net Demand and Time arrears banks have to hold as balances with the RBI. The idea of CRR is to keep affectation under control. During high affectation in frugality, the central bank raises the CRR to lower the bank's loanable finances. The introductory equation followed while preparing the balance distance means = arrears Capital.
Balance Sheet is a company's financial statement which includes means, arrears, equity capital, total debt, etc. At a point in time. Balance distance includes means on one side and arrears on the other. A balance distance gives you a shot at your company's fiscal position at a given time. Along with income and cash inflow statements, a balance distance can help business possessors estimate their company's fiscal standing.
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In the hypothetical economy of Hypothetica, if there was a decrease in investment spending of 5 10 billion and the marginal propensity to save is 0.25. then real GDP would Increase by more than $ 10 billion Increase by exactly $10 billion Decrease by exactly $ 10 billion Decrease by more than $ 10 billion
D) Decrease by more than $10 billion. In the hypothetical economy of Hypothetica, real GDP would decline by more than $10 billion if investment spending fell by $5 to $10 billion and the marginal inclination to save was 0.25.
The investment multiplier is equal to 1 divided by (1 - MPC) or 1 divided by MPS equals 1 divided by 0.25 equals 4, where MPC + MPS = 1 or MPS equals 1- MPC
Therefore, a drop in investment precedes a drop in real GDP, and a change in real GDP follows a change in investment. Investment multiplier: -$10 billion multiplied by four, is -$40 billion.
The article examines the effects on a hypothetical economy of a set of fiscal and tax policies that are both long-term unsustainable and acknowledged by the general public. the framework or circumstances of economic life in a nation, region, or era.
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When a firm is one of the top four firms in a market that captures at least 40% of the market share similar to the U.S. airline and automobile industries, this is best known as which of the following?
A concentrated request where many enterprises control a significant part of the request deals, and there are high walls to entry or an oligopoly. A monopoly exists when a single establishment controls the entire request.
Establishment and assiduity are synonymous. This establishment is the sole product patron, and there are no close backups because there are no druthers.
The establishment has the loftiest position of request power. Oligopoly An Overview. A monopoly and an oligopoly are request structures that live when there's amiss competition. A monopoly is when a single company produces goods with no close cover. An oligopoly is when many fairly large companies produce analogous but slightly different goods.
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Classify each cost as being either variable or fixed with respect to the number of units produced and sold. Also classify each cost as either a period or a product cost. Cost Item Predicting Cost Behavior Preparing Financial Statements Period cost
Variable costs are costs that fluctuate in proportion to production and sales.
Fixed costs are costs that do not depend on quantity. Fixed costs are typically costs that are based on time rather than the amount a business produces or sells.
Fixed cost:
In accounting and economics, "fixed costs", also called overheads or overheads, are operating costs that do not depend on the quantity of goods or services produced by a business. They usually occur on a regular basis like interest or rent paid monthly. These costs are also typically capital costs. This is in contrast to variable costs, which are volume dependent (and paid per volume produced) and unknown at the beginning of the fiscal year. Fixed costs affect the nature of certain variable costs.
For example, retailers must pay rent and utilities regardless of sales. As another example, for a bakery, monthly rent and phone lines are fixed costs, regardless of how much bread is produced and sold. Wages, on the other hand, are variable costs. Because to increase production, you need to hire more workers.
Variable Cost:
Variable costs are operating costs that vary in proportion to the volume a business produces or sells. Variable costs increase or decrease based on a company's production or sales volume. It increases when production increases and decreases when production decreases.
Examples of variable costs include raw material and packaging costs for manufacturers, credit card transaction fees for retailers, and shipping costs that fluctuate with sales. Variable costs can be compared to fixed costs.
Total variable cost = total production x variable cost per unit of production
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which of the following is a website (or app) where users can create a profile and interact with other users, post information, and engage in other forms of web-based communication?
Correct reply is social network.
Web-based communication is any kind of conversation that takes place over the internet. Emails, social media, analysing an on-line article or blog, and even analysing the response to this question is a type of web-based communication.
How does post work in India?Mail is in addition categorized as first class and second type mail. First class mail gets free air transmission inside India; whereas second category mail gets air carry only if prepaid with air surcharge. The mail is accumulated from 579595 letter containers by means of 154979 put up workplaces in the country.
Do you be aware of India Post?India Post is eminent for its sluggish yet sure conveyance. Presently, in case you're worried about the vicinity of your transfer, you can check the place of switch in a couple of fundamental advances. Check the monitoring wide variety from your receipt. Enter the monitoring range in the textual content field.
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https://brainly.com/question/24468230#SPJ4estimate net operating working capital. cash $ 10 accounts payable $ 20 short-term investments accruals 20 accounts receivable 50 notes payable 50 inventory 40 current liabilities $ 90 current assets $130 long-term debt 0 net fixed assets 100 common equity 30 retained earnings 50 total assets $230 total liab.
Net Operating Working Capital (NOWC) is $40.
Net Operating Working Capital (NOWC) can be estimated by subtracting current liabilities from current assets. Using the information provided:
NOWC = Current Assets - Current Liabilities
NOWC = $130 - $90
NOWC = $40
Net operating working capital that measures the contrast between an organization's non-interest bearing working resources and its non-interest charging working liabilities.
This liquidity proportion shows how capable an organization is to take care of its ongoing functional liabilities with its ongoing functional resources. This proportion is significant on the grounds that it uncovers how much influence that the organization conveys alongside its net working resources. Eventually, this proportion shows how well an organization can utilize its ongoing working resources and that it is so ready to make changes to oblige both new open doors and unexpected occasions. The equation for computing net working capital is:
Cash + Records Receivable + Stock - Records Payable + Gathered Costs
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In Year 1, Citizens' Health, a voluntary health and welfare organization, received a bequest of a $200,000 certificate of deposit maturing in Year 2. The testator's only stipulations were that this certificate be held until maturity and that the interest revenue be used to finance salaries for an ongoing preschool program. Interest revenue for Year 2 was $16,000. When the certificate matured and was redeemed, the board of trustees adopted a formal resolution designating $40,000 of the proceeds for the future purchase of equipment for the preschool program. What amount should Citizen disclose in its Year 2 year-end financial statements as board-designated net assets (for future expenditures)
A. $40,000
B. $0
C. $16,000
D. $56,000
The amount of $40,000 should Citizen disclose in its Year 2 year-end financial statements as board-designated net assets for future expenditures. This concludes that option A is correct.
An expense is defined as any thing that necessitates the payment of money, or any type of fortune in general, to another person or organization in exchange for an item, service, or other category of charges. Rent is a cost for a renter.
Purchasing food, clothing, furniture, or a car is frequently referred to as a cost. A cost that is "paid" or "remitted" in return for anything of value is referred to as an expense. "Expensive" refers to something that appears to be very expensive. Expense in accounting refers to any particular outflow of cash or other valued assets from one person or firm to another.
Hence the correct option is A
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A managing broker appoints a designated licensee to represent a seller in a transaction. If this licensee only represents the seller, which of the following is true?
The managing broker remains liable as a dual agent.
The designated agent does not have an agency relationship with the seller as a designated agent.
Another licensee in the firm may not represent a buyer to the same transaction.
The broker is relieved of liability as a dual agent if another of his licensees represents the buyer.
A licensee who assists one or more parties to a transaction without entering into a signed agency agreement is called a
designated agent.
facilitator.
sub-agent.
managing broker.
In a designated agency transaction, if the seller's agent acquires confidential information from the seller, it is assumed under TN law that
the managing broker is aware of such information.
buyer agents in the firm are aware of the confidential information.
both managing broker and her licensees are aware of the confidentiality.
neither managing broker nor other licensees in the firm are aware of the confidentiality.
The designated agent does not have an agency relationship with the seller as a designated agent. The broker is relieved of liability as a dual agent if another of his licensees represents the buyer.
A licensee who assists one or more parties to a transaction without entering into a signed agency agreement is called a designated agent In a designated agency transaction, the managing broker appoints a designated licensee to represent the seller. As the designated agent only represents the seller, they do not have an agency relationship with the seller. This means that the designated agent is only responsible for representing the interests of the seller, and not the buyer.
Furthermore, when another of the broker's licensees represents the buyer in the same transaction, the broker is relieved of liability as a dual agent. This means that the broker does not have any responsibility or liability to either the seller or the buyer in the transaction. In this case, the designated agent is the primary point of contact for the seller and the buyer is represented by another agent within the same firm.
In a designated agency transaction, the seller's agent acquires confidential information from the seller. Under TN law, it is assumed that neither the managing broker nor other licensees in the firm are aware of confidentiality. It is the responsibility of the designated agent to keep the information confidential and not share it with other parties.
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When an entry is recorded with a debit to Accounts Receivable and credit to Sales Revenue, then the sale was a(n) ______ sale
When an entry is recorded with a debit to Accounts Receivable and credit to Sales Revenue, then the sale was a credit sale
In a credit sale, the consumer is given the option to pay for the goods or services later rather than at the time of the sale. The seller gives the buyer credit and records the transaction by debiting Accounts Receivable and crediting Sales Revenue. Accounts Receivable is an asset account that shows how much money clients owe the business for products or services they have purchased but haven't yet paid for.
In this given case, the business documents the transaction by raising its Accounts Receivable which is the debt, and it also documents the revenue which is the credit. As the customer settles the balance owed, the accounts the payable account will go down and the cash account will go up.
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Two years before Paul's death, he transferred his Life policy to his daughter Samantha. Which of the following will apply to this situation?
A. The entire amount will be included in Paul's taxable estate
B. The entire amount will be tax free
C. The entire amount will not be in Paul's estate
D. The entire amount will be deductible from Samantha's income tax
The condition that will be applied on the current situation will be that the entire amount will be included in Paul's taxable estate that is option A is correct.
People often tend to get a insurance policy for themselves. The insurance policy that is taken by people can be of any form. They can insurance for the commodities they buy for example vehicle, gadgets, gold and many more and they can even take insurance policy for their own self. This policy is known as Life policy. They make someone their nominee so that if something happens to their life then the policy amount will be transferred to the nominee. But the tax amount that the policy will hold will be paid by the owner of the policy and not the nominee. So the entire amount of policy will be included in the tax estate of owner of policy. The same happens in this case when the life policy is transferred from Paul to Samantha.
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