Option D: Facilities management is not a finance activity.
The following are not financial activities: Facilities management is not a finance activity. Facilities management is responsible for managing the physical environment of a business or organization, including its facilities, infrastructure, and real estate. Planning and budgeting, financial reporting, and financial risk management are all financial activities.
Planning and budgeting: Planning and budgeting are crucial elements of financial management. It involves identifying organizational goals, assessing the resources required to achieve those goals, and developing a plan to achieve them. Planning and budgeting allow businesses to allocate resources efficiently, maximize profits, and reduce risks.
Financial reporting: Financial reporting is the process of disclosing financial information to external stakeholders, such as investors, creditors, and regulatory authorities. Financial reports provide a summary of a business's financial performance, including revenue, expenses, and profitability. Financial reporting is critical to helping stakeholders make informed decisions about investing in a business.
Financial risk management: Financial risk management is the process of identifying, assessing, and managing financial risks that could negatively impact an organization's profitability or financial stability. It involves implementing risk management strategies to mitigate risks and reduce the likelihood of financial losses. Financial risk management is essential for businesses to stay competitive, manage costs, and maintain financial stability.
Option D: Facilities management is not a finance activity.
To learn more about “Financial reporting” refer to the https://brainly.com/question/989344
#SPJ11
Assuming appropriate disclosure is made, which of the following fee arrangements generally would be permitted under the ethical standards of the profession?
a.) A fee paid to the client's audit firm for recommending investment advisory services to the client.
b.) A fee paid to the client's tax accountant for recommending a computer system to the client.
c.) A contingent fee paid to the CPA for preparing the client's amended income tax return.
d.) A contingent fee paid to the CPA for reviewing the client's financial statements.
Assuming appropriate disclosure is made, the fee arrangement that is generally permitted under the ethical standards of the profession is a.) A fee paid to the client's audit firm for recommending investment advisory services to the client, while the others are restricted.
The American Institute of Certified Public Accountants (AICPA) has established ethical standards for the accounting profession. This standard applies to all certified public accountants (CPAs) in the United States. The AICPA's Code of Professional Conduct contains four key principles that are generally applicable to all public accountants: objectivity, integrity, confidentiality, and professional conduct.
A fee paid to the client's audit firm for recommending investment advisory services to the client is generally allowed under the ethical standards of the profession. The reason why a fee paid to the client's audit firm for recommending investment advisory services to the client is acceptable is because it does not create a conflict of interest. Additionally, the investment advisory services are related to the audit firm's core services and are therefore complementary to them.
In conclusion, the ethical standards of the profession permit a fee paid to the client's audit firm for recommending investment advisory services to the client, assuming appropriate disclosure is made. The correct option is A) A fee paid to the client's audit firm for recommending investment advisory services to the client.
For more about ethical standards:
https://brainly.com/question/28295890
#SPJ11
describe the scientific management approach that was embraced by henry ford in his early assembly lines and explain why this may be useful and/or limited in the current
The scientific management approach that was embraced by Henry Ford in his early assembly lines and explain why this may be useful and/or limited in the current context.
About scientific management approachThe scientific management approach was embraced by Henry Ford in his early assembly lines because he believed that the productivity of workers would increase if each person had a particular set of tasks to perform.
As a result, he created a system that was highly structured and efficient, allowing him to mass-produce automobiles at a low cost. He applied various scientific management principles to his production lines, such as breaking down tasks into smaller, more manageable parts, determining the best way to perform each task, and then training workers to perform their assigned tasks effectively.
He also emphasized the importance of standardization, which meant that each worker had to perform tasks in the same way every time, ensuring that products were consistent in quality and that the assembly line operated efficiently.
Why this may be useful and/or limited in the current context:
Although Ford's assembly line system was highly effective in its day, it has some limitations in the current context. For example, the principles of scientific management are often viewed as being too rigid and inflexible. Today's workers are less willing to perform the same tasks over and over again, and they are more likely to prefer jobs that offer a greater degree of variety and autonomy. Moreover, there is more emphasis on collaboration and teamwork today, which runs counter to the highly structured approach that Ford implemented.In conclusion, although the scientific management approach was an important development in the early 20th century, it is not always the best fit for today's workplaces. Managers must be willing to adapt to changing conditions and to find new ways of improving productivity and efficiency.
Learn more about scientific management at
https://brainly.com/question/20435550
#SPJ11
AllSteel Inc. is planning an international expansion. In terms of the costs involved in conducting business in a country, it will be most economical for the company if it chooses a country. Multiple Choice: a) where laws regarding product safety, safety in the workplace, and environmental pollution are extremely stringent. b) with a closed totalitarian political system. c) with no local laws to protect intellectual property. d) where politicians are held accountable by the electorate. e)where the company will have to provide its own infrastructure and supporting business.
The most economical option for All Steel Inc. is a country where politicians are held accountable by the electorate (option d).
This option ensures that the company can conduct business in a country with legal protection for its intellectual property, strong product safety and workplace safety regulations, and environmental standards.
HTML:
The most economical option for All Steel Inc. is a country where politicians are held accountable by the electorate (option d). This option ensures that the company can conduct business in a country with legal protection for its intellectual property, strong product safety and workplace safety regulations, and environmental standards.
You can read more about intellectual property at https://brainly.com/question/1078532
#SPJ11
in the case of a contingent liability, if the likelihood of payment is reasonably possible, we record no entry but make full disclosure in a note to the financial statements to describe the contingency. True or false?
The given statement, "in the case of a contingent liability, if the likelihood of payment is reasonably possible, we record no entry but make full disclosure in a note to the financial statements to describe the contingency," is true (T) because generally accepted accounting principles (GAAP).
Under generally accepted accounting principles (GAAP), a contingent liability that is reasonably possible does not require a recorded entry but must be disclosed in the notes to the financial statements.
When there is uncertainty about the outcome of a potential liability, it is considered a contingent liability. GAAP requires companies to disclose all material contingent liabilities in the notes to the financial statements, regardless of whether or not a recorded entry is necessary. If the likelihood of payment is reasonably possible, but not probable, the company does not need to record the liability on its balance sheet.
However, it must disclose the contingency in the notes to the financial statements to ensure that investors and other stakeholders are aware of the potential liability and can make informed decisions based on the information provided.
Learn more about contingent liability https://brainly.com/question/29870964
#SPJ11
What the name of organization that reduces risks on both sides of international business deals by linking buyers and sellers in different countries?
The organization that reduces risks on both sides of international business deals by linking buyers and sellers in different countries is known as an Export-Import Bank (EXIM Bank).
EXIM Banks provide various financial services, including loans, guarantees, and insurance, to support and promote international trade. They help businesses overcome the challenges and risks associated with exporting and importing, such as political instability, currency fluctuations, and payment defaults. By providing financing and credit support, EXIM Banks facilitate trade and enable businesses to expand into new markets. They also contribute to the economic development of both exporting and importing countries by fostering increased trade and investment.
You can learn more about Export-Import Bank (EXIM Bank) at
https://brainly.com/question/30033165
#SPJ11
which of the following best fits the definition of a small business? a. a manufacturer with 75 investors b. a hardware store franchise with 20 employees c. a fast-food franchise with locations in three states d. all of these are correct.
The right response is (b). A small business is defined as "a hardware shop franchise with 20 employees".
What is a small business, and give an example?Small businesses are typically either service providers or retail establishments including grocery stores, pharmacies, tradesmen, bakeries, and micro-manufacturing facilities. Small businesses are individually held companies that need less equipment, labour, and cash than larger companies.
Which of the following contributes most to a small business's success?The three most crucial success criteria for expanding businesses will always be money, marketing, and product, even if each is equally important.
To know more about Small business visit:-
https://brainly.com/question/17962860
#SPJ1
which curve passes through the minimum point of the average variable cost curve? which curve passes through the minimum point of the average variable cost curve? the average total cost curve the total product curve the marginal cost curve the marginal product curve the average fixed cost curve
The curve that passes through the minimum point of the average variable cost (AVC) curve is the marginal cost (MC) curve.
The AVC curve represents the variable cost per unit of output, while the MC curve represents the additional cost of producing one more unit of output.
The minimum point of the AVC curve occurs where the AVC is at its lowest point and equals the MC.
This is because the AVC is decreasing up to the minimum point and then increasing, while the MC is initially decreasing and then increases, crossing the AVC at its minimum point.
Therefore, the MC curve intersects the AVC curve at its minimum point.
Learn more about AVC curve here:
https://brainly.com/question/29757232
#SPJ11
joaquin and jill are thinking of expanding their pet store business by using the large unused space at the back of their store. since they do not know how to do this, they decide to conduct some marketing research. before they can even begin their actual research, however, what is the first thing they must do?
The first thing Joaquin and Jill must do before conducting marketing research is to create a plan.
This plan should include a clear goal, objectives, and methodology.
Creating a plan will ensure that the research is organized and efficient, and will also help guide the research process. The goal should be a broad statement of what Joaquin and Jill want to achieve through the research.
The objectives should be the specific information they need to learn in order to reach the goal, while the methodology should outline the strategies that will be used to gather the necessary information.
This could include surveys, focus groups, interviews, or other research techniques. Having a plan in place will ensure that Joaquin and Jill have a clear path for the research process.
To know more about marketing research click on below link:
https://brainly.com/question/30651551#
#SPJ11
Olga has several line items under her campaign. Two of the line items are underdelivering and not meeting performance goals, while two are high-performing. Which of the following is the recommended optimization strategy?
-Shift budget from high-performing line items to the underperforming/underdelivering line items.
-Adjust frequency caps on the underdelivering/underperforming line items to serve more impressions
-Shift budget from the underperforming and underdelivering line items to higher performing line items that are scaling.
-Adjust frequency caps on the underdelivering/underperforming line items to serve less impressions
The recommended optimization strategy would be to adjust the frequency caps on the underdelivering/underperforming line items to serve less impressions.
By adjusting the frequency caps , the ads will be served to a more targeted audience, which may improve their performance. Shifting budget from high-performing line items to underperforming/underdelivering line items may result in a reduction of overall campaign performance.
Similarly, shifting budget from underperforming and underdelivering line items to higher performing line items that are scaling may not address the underperformance issue.
Learn more about ads optimization here:
https://brainly.com/question/29388856
#SPJ11
lush lawns earned $1000 for lawn mowing services rendered. the customer promised to pay at a later time. which of the following accounts increased as a result of this transaction? accounts payable supplies cash accounts receivable
Accounts receivable increased as a result of the transaction where Lush Lawns earned $1000 for lawn mowing services rendered and the customer promised to pay at a later time. Therefore, the correct answer is the last option.
Accounts receivable is the quantity of money owed by customers to another person or company for goods or services supplied on credit. Accounts receivable can also be thought of as money owed to a business by its clients for goods or services rendered. It can be a legitimate claim for payment from an enterprise's clients for outstanding balances due. In other words, accounts receivable are invoices and bills that a business is owed by its clients for products or services provided.
A debit to accounts receivable account implies that money is owed to the business by its clients, while a credit indicates that the business owes money to its clients.
Learn more about Accounts receivable at https://brainly.com/question/24871345
#SPJ11
if your firm establishes a defensive plan to prevent the firm's weaknesses from making it highly susceptible to external threats, that would be an example of an s-t strategy
If your firm establishes a defensive plan to prevent the firm's weaknesses from making it highly susceptible to external threats, that would be an example of an S-T strategy. (TRUE)
What's S-T strategyThe S-T strategy is the strategy where a company tries to use its internal strengths to eliminate or minimize external threats.The internal strengths of a firm could include things like skills, experience, expertise, good financial management, innovation, and the ability to work in a team.
These internal strengths are used to develop a defensive plan to prevent the company's weaknesses from making it highly susceptible to external threats.
Examples of an S-T strategy could include things like improving your product or service to make it more competitive, improving your supply chain to reduce costs, or improving your customer service to retain customers. These are all examples of using your internal strengths to minimize external threats.
There are also other types of strategies that a company could use to minimize external threats. These include an S-O strategy, which is where a company uses its internal strengths to take advantage of external opportunities, and a W-T strategy, which is where a company uses its weaknesses to minimize external threats.
Learn more about company's strategy at
https://brainly.com/question/26775900
#SPJ11
Consider the simple Keynesian model in the AD-AS framework. Currently the economy is located in the horizontal section of the AS curve producing Q1. If aggregate demand rises, then
a.the price level will rise.
b.the price level may rise.
c.the price will decline.
d.Real GDP will rise.
e.none of the above
If aggregate demand rises the answer is d. Real GDP will rise. Consider the simple Keynesian model in the AD-AS framework.
In the AD-AS framework, if aggregate demand increases, it will shift the AD curve to the right, resulting in an increase in both the price level and real GDP. This is because the AS curve is initially in a horizontal position and will remain so until the equilibrium point (Q1) is reached. At that point, the AS curve will become vertical and any further changes in AD will be reflected in a change in the price level, while real GDP remains the same.
An increase in aggregate demand means that the total demand for goods and services in an economy has increased, leading to an increase in the overall price level (inflation) and an increase in real GDP (economic growth), provided that there is spare capacity in the economy.
Learn more about GDP: https://brainly.com/question/24494976
#SPJ11
suppose that an industry's long-run supply curve is perfectly elastic. this suggests that: it is a decreasing-cost industry. it is a constant-cost industry. it is an increasing-cost industry. technology has become less efficient as a result of the industry's expansion. relevant inputs have become more expensive as the industry has expanded.
If an industry's long-run supply curve is perfectly elastic, it suggests that it is a constant-cost industry.
An industry's long-run supply curve is perfectly elastic when the quantity supplied can change indefinitely without affecting the price of the product. This occurs when firms in the industry have unrestricted access to production inputs and can easily enter or exit the market.
In other words, the supply of the industry can quickly and easily adjust to changes in demand without causing significant changes in the price of the product.
A perfectly elastic supply curve suggests that the industry is a constant-cost industry, where the cost of production remains the same regardless of the industry's output level. This is because firms can easily enter or exit the industry, thereby keeping the cost of production constant.
Learn more about supply curve here:
https://brainly.com/question/11717727
#SPJ11
beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 60 percent complete). started this month, 60,600 units. transferred out, 50,800 units. ending inventory, 19,500 units (materials are 100 percent complete; conversion costs are 16 percent complete).
Required:
a. Compute the equivalent units for materials using FIFO.
b. Compute the equivalent units for conversion costs using FIFO.
I found the answer for part a. but I'm confused on how to calculate part b., I've viewed other questions like this one on and I'm stuck on how to complete beginning inventory balance.
Equivalent units for materials using FIFO = 130,180. Equivalent units for conversion costs using FIFO = 130,180.
Equivalent units for conversion costs using FIFO, the beginning inventory balance should be 60% complete.
The conversion costs of the beginning inventory balance:
Conversion cost = Conversion costs a percentage of completion * Units in beginning inventory Balance
Units in beginning inventory balance = 50,800 - 19,500 = 31,300 units
Units in beginning inventory balance = 31,300
Conversion costs a percentage of completion = 60%
Conversion cost = 60% * 31,300 = 18,780
Equivalent Units for Conversion Costs using FIFO
Beginning inventory: 18,780 equivalent units (60% of 31,300 units)
Started this month: 60,600 units
Transferred out: 50,800 units
Ending inventory: 19,500 units (16% of conversion costs)
Equivalent units for conversion costs using FIFO:
Equivalent units for Conversion costs using FIFO = Conversion cost equivalent units from beginning inventory + Conversion cost equivalent units started this month + Conversion cost equivalent units transferred out
Conversion cost equivalent units from beginning inventory = 18,780
Conversion cost equivalent units started this month = Conversion costs percentage of completion * Units started this month
Conversion costs a percentage of completion for started this month = 100%
Conversion cost equivalent units started this month = 100% * 60,600 = 60,600
Conversion cost equivalent units transferred out = Conversion costs percentage of completion * Units transferred out
Conversion costs a percentage of completion for transferred out = 100%Conversion cost equivalent units transferred out = 100% * 50,800 = 50,800
Equivalent units for conversion costs using FIFO = 18,780 + 60,600 + 50,800 = 130,180 units
Equivalent units for materials using FIFO = 130,180. Equivalent units for conversion costs using FIFO = 130,180.
Learn more about Conversion Costs here:
https://brainly.com/question/28180425
#SPJ11
the price of a big mac in the u.s. is $3.41 and the price in mexico is peso 29.0. what is the implied ppp of the peso per dollar?
As the price of a big mac in the US. is $3.41 and the price in Mexico is peso 29.0, the implied PPP of the peso per dollar is 8.50.
To calculate the implied purchasing power parity (PPP) of the peso per dollar, we need to compare the prices of the same good (in this case, a Big Mac) in both countries using their respective currencies.
The price of a Big Mac in the U.S. is $3.41, and the price in Mexico is 29.0 pesos. To calculate the implied PPP, we divide the Mexican price by the U.S. price:
Implied PPP = Price in Mexican pesos / Price in U.S. dollars
Implied PPP = 29.0 / 3.41
Implied PPP = 8.50
Therefore, the implied PPP of the peso per dollar is 8.50. This suggests that according to the Big Mac Index, the peso is undervalued relative to the U.S. dollar, as the implied PPP is lower than the current exchange rate of the peso to the dollar.
Learn more about exchange rate here:
https://brainly.com/question/1366402
#SPJ11
most business initiatives succeed or fail based on the quality of the underlying data. a. true b. false
Answer:
The statement "most business initiatives succeed or fail based on the quality of the underlying data" is true.
Explanation;
When analyzing business initiatives, data plays an important role. Therefore, data must be of good quality, accuracy, and completeness to ensure success. Data quality refers to the overall health of the data, which includes reliability, accuracy, completeness, and timeliness. A lot of business initiatives rely on accurate data. To make strategic decisions, executives need access to high-quality, relevant data. Decision-making and project management depend on data-driven insights. Quality data is essential to ensuring that the decisions taken on a company's behalf are accurate and consistent with the company's goals. Therefore, in conclusion, most business initiatives succeed or fail based on the quality of the underlying data, hence the statement is true.
Learn more about business initiatives here:
https://brainly.com/app/ask?q=business+initiatives
#SPJ11
space tourism you chose to enter into the embryonic space tourism industry in the private sector. your board of directors supports this move and believes tourism is the future of space. however, they are concerned about the overall cost. how will you pursue the venture into tourism?
Entering into the embryonic space tourism industry in the private sector is a great move that your board of directors supports. They believe that tourism is the future of space and understand the concerns about the overall cost of pursuing the venture. To move forward, a few steps can be taken to reduce the cost of the venture.
Space tourismThere are a few strategies to pursue a venture into space tourism while considering the cost.
1. Collaboration with government agencies collaborating with government agencies will help to bring down the costs of getting the necessary licenses, permits, and regulatory approvals.
2. Outsourcing There are many reputable space tourism companies that have established businesses in the industry.
3. Marketing and promotions marketing and promotions are essential in the tourism industry. With the growing interest in space tourism, promoting your brand is essential.
4. FundraisingCrowdfunding, venture capital, and angel investing are effective ways to raise capital. You can also explore partnerships with strategic investors to secure funds for the venture.
5. TechnologyTechnology is crucial to the success of the space tourism industry. The use of reusable spacecraft and other cutting-edge technologies can help to reduce costs.
Learn more about Space tourism here:
https://brainly.com/question/10549143
#SPJ11
What is ONE danger in focusing a financial analysis solely on the data found in the historical financial statements?
One danger in focusing a financial analysis solely on the data found in the historical financial statements is that the past financial performance is not always an accurate predictor of future performance.
A financial statement is a record of the financial activities of a business or individual, which provides information on how money has been earned, spent, and saved over time. The financial statements consist of a balance sheet, an income statement, a statement of retained earnings, and a statement of cash flows. The historical financial statements of a company are valuable sources of information for analysts and investors. Still, they should not be the only source of information for financial analysis.
The limitation of historical financial statements as the sole source of information for financial analysis is that they report on past financial performance, which may not accurately predict future financial performance. Economic conditions, competition, management changes, and other factors can all have a significant impact on a company's financial performance.
As a result, financial analysts must use other sources of information, such as economic data, market trends, and management interviews, to develop an accurate financial analysis. To sum up, focusing a financial analysis solely on the data found in the historical financial statements is a dangerous approach as past performance does not necessarily predict future performance.
You can learn more about financial statement at
https://brainly.com/question/26240841
#SPJ11
in what two ways have promotion efforts changed to improve transactions and increase customer intimacy?
Two ways in which promotion efforts have changed to improve transactions and increase customer intimacy include:
Emphasis on personalizationIntegration of technologyHow have promotion efforts changed customer intimacy?Modern promotion efforts are increasingly focused on personalization, tailoring marketing messages and promotions to individual customers based on their preferences, behavior, and purchase history.
The use of technology has also revolutionized promotion efforts, allowing companies to reach customers through a variety of channels, including social media, email marketing, and mobile apps.
By leveraging technology, companies can create more engaging and interactive marketing experiences, such as personalized video messages or augmented reality promotions.
Find out more on promotional efforts at https://brainly.com/question/29914997
#SPJ1
A smooth distribution with one mode is negatively skewed (skewed to the left). The median of the distribution is $65. Which of the following is a reasonable value for the distribution mean?
John scored 35 on Prof. Johnson’s exam (Q1 = 70 and Q3 = 80). Based on the fences, which is correct?
John is unusual but not an outlier.
John is neither unusual nor an outlier.
John is an outlier.
John is in the 30th percentile.
"A smooth distribution with one mode is negatively skewed (skewed to the left). The median of the distribution is $65. John is an outlier. He is in the 10th percentile.
A reasonable value for the mean of the distribution is lower than the median. In a negatively skewed distribution, the mean is located to the left of the median and will be less than the median. Therefore, a reasonable value for the mean would be lower than $65.
The question is: "John scored 35 on Prof. Johnson’s exam (Q1 = 70 and Q3 = 80).
John's score of 35 is below Q1, which is the lower fence. Therefore, John is an outlier. He is in the 10th percentile.
For more such questions on distribution
https://brainly.com/question/25736500
#SPJ11
Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due $180,000; estimated uncollectible= 10 % . E 7-13 Calculate uncollectible 2. Accounts 1-45 days past due $25,000; estimated uncollectible 3. Accounts more than 45 days past due$10,000; estimated uncollectible 30% , Before recording any adjustments, Dhaliwal has a debit balance of $45.000 in its allowance for uncollectible accounts. Required: 1. Estimate the appropriate 12/31/2021 balance for Dhaliwal's allowance for uncollectible accounts.
2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts?
Estimate the appropriate 12/31/2021 balance for Dhaliwal's allowance for uncollectible accounts is 18,750.
To estimate the appropriate 12/31/2021 balance for Dhaliwal's allowance for uncollectible accounts, we must calculate the estimated uncollectible amounts of each age group:
Accounts not yet due: 180,000 x 10% = 18,000Accounts 1-45 days past due: 25,000 x 3% = 750Accounts more than 45 days past due: 10,000 x 30% = 3,000Therefore, the total estimated uncollectible amount is 18,750.
To adjust the allowance for uncollectible accounts, Dhaliwal should record the following journal entry:
Debit Allowance for Uncollectible Accounts: 18,750 Credit Accounts Receivable: 18,750Learn more about Uncollectible accounts: brainly.com/question/20597051
#SPJ11
Snowcap Ice Cream produces over a dozen delicious ice cream flavors and a number of individually packaged frozen treats. Which of these strategies would represent vertical integration for Snowcap?
Multiple Choice
a. purchasing Mountain Dairy milk farm
b. acquiring a beverage bottling plant
c. opening a personal tax accounting division
d. setting their prices lower than the competitors’ prices
The strategy that would represent vertical integration for Snowcap is "purchasing Mountain Dairy milk farm". Hence option A is correct.
What is vertical integration?Vertical Integration is a business strategy in which a firm expands its operations either upstream or downstream in a production process to gain control over its supply chain.
Vertical integration can help a business lower costs and increase efficiency by minimizing transaction costs and increasing economies of scale.
Snowcap Ice Cream produces over a dozen delicious ice cream flavors and a number of individually packaged frozen treats. Purchasing Mountain Dairy milk farm would represent vertical integration for Snowcap.
By doing so, Snowcap would be able to gain control over its supply chain, allowing it to produce high-quality ice cream at lower costs.
Hence option A "purchasing Mountain Dairy milk farm" is correct.
Learn more about vertical integration here:
brainly.com/question/19815172
#SPJ11
The following events occur for the underwood corporation during 2024 and 2025, its first two years of operations. June 12, 2024 provide services to customers on account for $41,000. September 17, 2024 receive $25,000 from customers on account. December 31, 2024 estimate that 45% of accounts receivable at the end of the year will not be received. March 4, 2025 provide services to customers on account for $56,000. May 20, 2025 receive $10,000 from customers for services provided in 2024. July 2, 2025 write off the remaining amounts owed from services provided in 2024. October 19, 2025 receive $45,000 from customers for services provided in 2025. December 31, 2025 estimate that 45% of accounts receivable at the end of the year will not be received. Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: cash, accounts receivable, and allowance for uncollectible accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025
The Underwood Corporation had several transactions related to accounts receivable and allowance for uncollectible accounts in 2024 and 2025. These transactions were recorded and posted to the relevant accounts, and the net accounts receivable at the end of each year was calculated to be $55,250 and $0 respectively.
Record transactions for each date:
June 12, 2024: Accounts receivable 41,000, Service revenue 41,000
September 17, 2024: Cash 25,000, Accounts receivable 25,000
December 31, 2024: Allowance for uncollectible accounts 11,250: Accounts receivable 11,250
March 4, 2025: Accounts receivable 56,000; Service revenue 56,000
May 20, 2025: Cash 10,000; Accounts receivable 10,000
July 2, 2025: Allowance for uncollectible accounts 11,250; Accounts receivable 21,250
October 19, 2025: Cash 45,000; Accounts receivable 45,000
December 31, 2025: Allowance for uncollectible accounts 20,250; Accounts receivable 20,250
Post transactions to the following accounts: cash, accounts receivable, and allowance for uncollectible accounts.
Cash:
June 12, 2024 0 41,000
September 17, 2024 25,000 0
May 20, 2025 10,000 0
October 19, 2025 45,000 0
Total 80,000 41,000
Accounts Receivable:
June 12, 2024 41,000 0
September 17, 2024 0 25,000
March 4, 2025 56,000 0
May 20, 2025 0 10,000
July 2, 2025 0 21,250
October 19, 2025 0 45,000
December 31, 2024 (11,250) 0
December 31, 2025 (20,250) 0
Total 66,500 101,250
Allowance for Uncollectible Accounts:
December 31, 2024 11,250 0
July 2, 2025 0 11,250
December 31, 2025 20,250 0
Total 31,500 11,250
Calculating net accounts receivable reported in the balance sheet at the end of 2024 and 2025:
Net accounts receivable at the end of 2024:
Accounts receivable at December 31, 2024 66,500
Allowance for uncollectible accounts at December 31, 2024 (11,250)
Net accounts receivable at December 31, 2024 55,250
Net accounts receivable at the end of 2025:
Accounts receivable at December 31, 2025 is 20,250
Allowance for uncollectible accounts at December 31, 2025 is (20,250)
Net accounts receivable at December 31, 2025 is 0
Therfore, it can be infered that during the years 2024 and 2025, Underwood Corporation had various transactions related to accounts receivable and allowance for uncollectible accounts. These transactions were duly recorded and posted to the relevant accounts, and at the end of 2024, the net accounts receivable was calculated to be $55,250. By the end of 2025, all the accounts receivable had been collected, and the net accounts receivable was zero.
Learn more about Record transactions :
https://brainly.com/question/30722704
#SPJ4
if ondividual income tax accounts for more total revenue than the payroll tax in the us, why would over half the household in the country pay more in payroll taxes htan income taxes
Individual income taxes do account for more total revenue than the payroll tax in the US. This is because the payroll tax is based on a capped income level.
Over half of the households in the US pay more in payroll taxes than income taxes because many households earn an income that is below the capped level. As a result, they pay more of their income in payroll taxes than income taxes.
In conclusion, individuals in the US pay more in income tax than payroll taxes, but over half of households in the country pay more in payroll taxes than income taxes due to the capped income level.
Learn more about capped income here:
brainly.com/question/2515205
#SPJ11
posttesting shows the actual performance of ads in terms of awareness, costs efficiency, or sales and those that don't do well may be dropped. (true or false)
The given statement, "Posttesting shows the actual performance of ads in terms of awareness, cost efficiency, or sales, and those that don't do well may be dropped," is true.
post-testing: Posttesting is a marketing technique used to analyze the effectiveness of an advertisement, both during and after its release, by measuring consumer behavior and attitudes toward it. Advertisers use post-testing to determine how well their advertisements are performing in terms of awareness, message recall, purchasing intention, and brand image.
the significance of post-testing: The significance of post-testing can be highlighted in the following ways: To evaluate advertising effectiveness To optimize future ad campaigns to monitor campaign performance over time and to provide insight into consumer behavior. To increase sales and awareness of the brand
the post-testing process: The post-testing process involves various stages, including the following:
Data Collection: The first step is to gather data from the target audience. This can be done through surveys, questionnaires, or focus groups.
Analysis: The data is then analyzed to determine the effectiveness of the ad campaign. Report Generation: Finally, a report is generated that includes information on the ad campaign's performance and recommendations for improvement, if needed.
post-testing measure: Posttesting measures the effectiveness of advertising in terms of the following metrics:
Message RecallAdvertising awarenessSalesCost efficiencyBrand imagePurchasing intent.Learn more about post-testing and the effectiveness of advertisements in terms of awareness, cost efficiency, or sales from: brainly.com/question/27890397
#SPJ11
The ______________________ principle for determining when income is generated provides taxpayers with an objective measure for valuing the transaction and w. the wherewithal to pay the taxes when cash is involved
The realization principle for determining when income is generated provides taxpayers with an objective measure for valuing the transaction and with the wherewithal to pay the taxes when cash is involved.
The realization principle is a fundamental principle in accounting that determines when revenue or income should be recognized in financial statements. According to this principle, revenue is recognized when it is earned and realized or realizable. In other words, revenue is recognized when goods or services are provided to customers and payment is received or expected to be received.
The realization principle is important for determining the amount of taxes that taxpayers owe on their income. By recognizing income when it is earned and realized or realizable, taxpayers can accurately calculate their taxable income and pay the appropriate amount of taxes. Additionally, by recognizing income when cash is involved, taxpayers have the necessary funds to pay their taxes when they become due.
You can learn more about accounting at
https://brainly.com/question/26690519
#SPJ11
Billie Jo values a stainless steel dishwasher for her new house at $500, but she succeeds in buying one for $425. Billie Jo's willingness to pay for the dis A. $500. B. $850. C. $425. D. $150.
From the information presented in the text above, its availability in buying a stainless steel dishwasher is a). $500.
Willingness to pay is the willingness of an individual to pay for an assessment of environmental conditions or natural resources and services in order to improve the quality of the environment.
Willingness to pay is the maximum price a buyer is willing to pay for a good. Billie values a stainless steel dishwasher for her new house at $500, but she succeeds in buying one for $425. So, willingness to pay for the dishwasher is $500 as per the given information. The correct option is a). $500.
Learn more about willingness to pay: brainly.com/question/8449170
#SPJ11
big fish presentations, the company profiled in the opening feature of chapter 13, prepares presentations that help clients present themselves in new and innovative ways. in regard to growth, big fish presentations has opted to
"Big Fish Presentations, the company profiled in the opening feature of Chapter 13, prepares presentations that help clients present themselves in new and innovative ways. In regard to growth, Big Fish Presentations has opted to pursue a conservative and patient approach to growth based primarily on expanding their product lines."
Big Fish Presentations is a company that specializes in creating innovative and unique presentations for its clients. The company's growth strategy is focused on building strategic alliances and joint ventures that allow them to expand their reach and increase their client base.
By partnering with other companies and organizations, Big Fish Presentations can leverage their expertise and resources to create new and innovative products and services. This approach allows the company to grow steadily over time while minimizing risk and maintaining a focus on quality and innovation.
Big Fish Presentations' conservative and patient approach to growth, based on strategic alliances and joint ventures, allows the company to expand its reach and increase its client base while minimizing risk and maintaining its focus on quality and innovation. This approach has proven successful for the company, allowing it to grow steadily over time and establish itself as a leader in the presentation industry.
This question should be provided as:
Big Fish Presentations, the company profiled in the opening feature of Chapter 13, prepares presentations that help clients present themselves in new and innovative ways. In regard to growth, Big Fish Presentations has opted to ________.
A) pursue a conservative and patient approach to growth based primarily on international expansionB) pursue a liberal and aggressive approach to growth based primarily on mergers and acquisitionsC) pursue a conservative and patient approach to growth based primarily on strategic alliances and joint venturesD) pursue a liberal and aggressive approach to growth based primarily on expanding their product linesE) pursue a conservative and patient approach to growth based primarily on expanding their product linesOption C is correct.
Learn more about planning a presentation https://brainly.com/question/29481157
#SPJ11
Strategic offensives should be based on
a) the creation of high profits and the reduction of costs.
b) satisfying employees and creating a stable work environment in order to increase long-term profits and reduce turnover.
c) sizing up an organization's internal and external situation.
d) those areas of strength where the company has its greatest competitive advantage over targeted rivals.
e) implementing and executing chosen strategy efficiently and effectively.
Strategic offensives should be based on those areas of strength where the company has its greatest competitive advantage over targeted rivals. Option d is the right choice.
A strategic offensive is a strategy or the steps taken by a company to become more competitive against its rivals that are occupying the market leader position.
A company would be occupying the leadership position only if it is able to offer products that are unique in nature and also at a very lower price when compared with others in the market. It must also have advantages on its resources to gain a competitive advantage.
A strategic offensive should be based only on areas where the company has an advantage over its rivals. For example, if the company has a cost advantage over its products by offering them at a lower price, the majority of the customers would purchase the products of only that brand and not others. By doing so, the company can easily occupy the position of a market leader.
Learn more about strategic offensive at:
https://brainly.com/question/15688948
#SPJ11
When the demand for loanable funds exceeds the supply of loanable funds, households want to save less than firms want to invest and the interest rate rises.
Yes, When the demand for loanable funds exceeds the supply of loanable funds, households want to save less than firms want to invest and the interest rate rises.
What happens when the demand for loanable funds exceeds the supply of loanable fundsIn the market for loanable funds, the demand for loanable funds represents the amount of money that households and firms want to borrow for investment or consumption purposes, while the supply of loanable funds represents the amount of money that households and firms want to save and lend out.
When the demand for loanable funds exceeds the supply of loanable funds, it means that there is more demand for borrowing than there is supply of savings available to lend out. This can occur when firms are optimistic about the future and want to invest in new projects, or when households want to increase their consumption and take out more loans.
Learn more about loanable funds at:
https://brainly.com/question/5921768
#SPJ1