Gideon Company, using the allowance method of accounting for uncollectible accounts, records the write-off of a $2,500 uncollectible account of customer A. Hopkins on May 3.
To record the write-off of the uncollectible account of $2,500 from customer A. Hopkins on May 3, Gideon Company will make two entries. The first entry involves reducing the accounts receivable and crediting the specific customer's accounts receivable. The second entry involves reducing the allowance for doubtful accounts and debiting the same amount.
The first entry will be:
Debit: Allowance for Doubtful Accounts (or Bad Debt Expense)
Credit: Accounts Receivable - A. Hopkins
This entry removes the amount of the uncollectible account from the accounts receivable balance, recognizing that the debt is no longer expected to be collected. The second entry will be:
Debit: Allowance for Doubtful Accounts (or Bad Debt Expense)
Credit: Accounts Receivable - A. Hopkins
This entry decreases the allowance for doubtful accounts, as the specific uncollectible account has now been written off. By making these entries, Gideon Company properly accounts for the write-off of the uncollectible account under the allowance method, ensuring accurate financial reporting and reflecting the realistic value of accounts receivable.
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. A quadratic polynomial whose one zero is 6 and the sum of the zeroes is 0, is x*2-6
True
False
pls tell fast
Answer:
False
Explanation:
From the question, we can see that a quadratic polynomial is made up of two elements or variables called zeros in this question
From the question, we are told that one variable (zero) = 6
The second variable (zero) = unknown , therefore we can represent the second variable as Y
We are told that the sum of the variables = 0
This means:
6 + Y = 0
Therefore, Y = 0 - 6
Y = -6.
The second variable ( zero) = - 6
Since it is a quadratic polynomial,
The roots of the polynomials are the variables 6 and -6
Hence, we have:
(x + 6) (x - 6) = 0
Expanding the brackets
x² - 6x + 6x - 36 = 0
= x² - 36 = 0
Therefore, a quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x² - 36 = 0
This means the statement made in the question above "A quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x²-6" is false
An advantage of the North American Industry Classification System (NAICS) is that
A. it lists the top ten firms in any particular industry.
B. its valuable information is available only to business people in the United States.
C. it provides financial analysis of all organizations with sales in excess of $1 million within the member nations.
D. it makes it possible to determine how other firms are segmenting their customer markets.
E. it groups economic activity to permit studies of market share, demand, and import competition.
An advantage of the North American Industry Classification System (NAICS) is that it groups economic activity to permit studies of market share, demand, and import competition. Here option E is the correct answer.
NAICS is a widely recognized classification system used by governments, businesses, and researchers in the United States, Canada, and Mexico. It provides a standardized framework for organizing and analyzing economic data based on industries.
By categorizing economic activity into specific industries, NAICS allows for effective market research and analysis. Researchers can use NAICS codes to identify and study specific industries, their market size, and the overall composition of the economy.
This classification system facilitates comparisons across different sectors and enables the examination of trends, patterns, and changes in market dynamics.
NAICS also helps in understanding market share, as it allows for the identification of key players within specific industries.
While it does not provide a list of the top ten firms in each industry (option A), it provides a foundation for conducting further research to determine market leaders and their respective market shares. Therefore option E is the correct answer.
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In a deductive argument, when it is possible that the conclusion does not necessarily follow from the premises, the argument is invalid.
True or False
True. In a deductive argument, if it is possible for the conclusion to not necessarily follow from the premises, then the argument is considered invalid.
A deductive argument aims to provide a logically conclusive relationship between the premises and the conclusion, where if the premises are true, the conclusion must be true as well. This is known as the principle of deductive validity. If there is any scenario or circumstance in which the premises can be true, but the conclusion can still be false, then the argument fails to establish a sound logical connection, and it is considered invalid.
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As you begin studying business law, you become overwhelmed by the sheer volume of laws that can affect business. You dive in and
begin the process of understanding where these laws come from; the first step in understanding how these laws apply to each other and
how they apply to your business.
You're looking at statutes that set out the penalties for forgery and learn that each state is free to make its own criminal laws that apply
just to that state. Which branch of government do you think creates statutes?
The branch of government that creates these statutes (business law) to regulate business practice is known as the Legislative branch.
What is a business law?This refers to those law that consists of the enforceable rules of conduct that govern commercial relationships.
Some examples of business law in the country sphere covers the area of employment Law, immigration Law, Consumer Goods Sales, Antitrust, Intellectual Property, Taxes etc.
The Legislative branch creates the business law to protect the consumers and regulate business activities.
In conclusion, the branch of government that creates these statutes (business law) to regulate business practice is known as the Legislative branch.
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_____ are the costs associated with the operating and marketing expenses of a company. _____ are the per-unit costs associated with the product.
Fixed costs are the costs associated with the operating and marketing expenses of a company. Variable cost are the per-unit costs associated with the product.
What are operating expenses?An operating expense is an expense a company takes through its usual company operations. Usually known as OPEX, operating expenses involves rent, equipment, inventory costs, marketing, payroll, insurance, step costs, and financial resources set aside for research and development.
Therefore, the correct answers are as given above. It can then be concluded that costs that relate with operation or market expenses of a company is fixed cost. And the variable cost is a cost per product.
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According to the circular flow model, which of the following is not provided by consumers?
Wages
Free market system
Socialism
According to the circular flow model, "Socialism" is not provided by consumers.
The circular flow model is an economic model that represents the flow of goods, services, and money in an economy between households, businesses, and the government. In this model, households provide factors of production (such as labor, land, and capital) to businesses in exchange for income, and businesses produce goods and services to sell to households in exchange for revenue.
Consumers, which represent households in the circular flow model, provide several things in the economy, including:
1. Labor: Consumers provide their labor to businesses in exchange for wages and salaries.
2. Land and capital: Consumers may own land or capital assets, which they may rent out or use in production, generating income in the form of rent or interest.
3. Demand for goods and services: Consumers create demand for goods and services, driving the production and sales of businesses.
However, "Socialism" is a socioeconomic system and ideology that pertains to the organization and ownership of resources and means of production in society. It is not something that consumers directly provide in the circular flow model. Socialism involves collective ownership, centralized planning, and a different economic structure than the free market system.
Therefore, among the options provided, "Socialism" is the one that is not provided by consumers in the circular flow model.
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During _____, a marketing manager should use such criteria as fit with the firm's other products, profit potential, and marketability.
Answer:
product screening
During product screening, a marketing manager should use such criteria as fit with the firm's other products.
What is Product screening?This is the process which involves products being evaluated according to a certain set of criteria on whether they will be successful in the marketplace.
This is usually done by organizations so as to ensure they meet profit potential, and marketability.
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Who are the majority of businesses in resort towns targeted to?
O
seniors
O
tourists
O
employees
investors
The majority of businesses in resort towns target tourists.
Who is the luxury hotel industry's target customer?As you can see, a wide range of people from across all walks of life who are prepared to pay a little extra for the luxury hotel experience makes up the target audience for luxury hotels.
What advantages come from forming and focusing on prospect groups?Overall, specialization is the main advantage of identifying and pursuing niche markets. Finding more wealthy guests who will gush about your hotel will be easier if you can be more precise with your market segmentation.
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Which is the best definition of insurance:
A. Insurance lets you pay your bills.
B. Insurance lets you pay a little for protection you might need.
C. Insurance is an expensive way to pay your bills.
D. Insurance costs a lot, but doesn’t pay for much.
Answer:
I'm trying to decide between B and D, but I think it's D
Explanation:
Insurance does cost a lot, but it's so you have a bit more protection if something happens.
For example:
Let's say you get into a car accident, and you need to stay in the hospital to recover, because you broke a bone, and afterward, you need a prescription of pain medicine. Insurance would pay for your hospital stay I believe, and also pay for part of your prescription. But it costs a lot of money, and your prescription might be really expensive, and there might have been something with your hospital stay that insurance didn't pay for. So basically, Insurance costs a lot, but doesn't pay for much (answer D).
Which factors can affect a stock's price? Check all that apply.
RE
market performance
the company's financial health
the quantity products produced
location of the company
the economy
Which of these stores uses a fulfillment center? A: 7-11 B: Dunkin' Donuts C: Amazon D: Comet Dry Cleaner
The store which uses a fulfillment center is: C. Amazon.
What is supply chain management?Supply chain management can be defined as an effective and efficient management of the supply or flow of goods and services, as well as all of the production processes that are involved in the transformation of raw materials into finished products, in order to meet the insatiable want and need of the consumers on a timely basis.
This ultimately implies that, the supply chain management (SCM) simply refers to a strategic process which encompasses all of the activities that are associated with planning, innovation, execution, frequent communications, and supply of finished goods and services to the consumers on a timely basis.
What is a fulfillment center?A fulfillment center is also referred to as a packaging warehouse and it can be defined as a portion of the supply chain which primarily serves as the central hub for all logistics processes that are required to get a product (good) from the seller to the consumer (buyer).
In conclusion, Amazon is a typical example of a store that makes use of a fulfillment center.
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a) What is the difference between an asset backed security and a mortgage backed security? b) In terms of privatisation, describe in your own words what is a public-private partnership (PPP). Provide an example of who may be involved in a PPP and what might be the expected benefits from a PPP the various stakeholders. c) Explain the differences between various recourse and non-recourse lending and outline when each could be used in project finance.
a) An asset-backed security (ABS) is a security backed by a pool of diverse assets, while a mortgage-backed security (MBS) is specifically backed by a pool of mortgage loans.
b) A public-private partnership (PPP) is a collaborative arrangement between the government and private sector to undertake a project or provide a public service, sharing resources and risks.
c) Recourse lending allows the lender to seek repayment beyond collateral, while non-recourse lending limits the lender's recourse to the specific collateral provided.
a) The main difference between an asset-backed security (ABS) and a mortgage-backed security (MBS) lies in the type of assets that support them. ABSs can include various types of loans, leases, or receivables, while MBSs are specifically backed by mortgage loans.
b) A public-private partnership (PPP) is a cooperative effort between the government and private sector to jointly undertake projects or deliver public services. It involves sharing resources, risks, and responsibilities, leveraging the strengths of both sectors.
c) Recourse lending gives lenders the ability to seek repayment beyond the collateral provided, providing additional security. Non-recourse lending limits lenders' rights to the specific collateral, relying solely on its value for repayment.
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20 POINTS!! HELP NEEDED ASAP!!!
Type the correct answer in the box. Spell all words correctly.
What account does a trading business use to track its inflow of goods?
A trading business will use the account _________ to track its inflow of goods.
Current?
Answer:
Your right, you can fill it in.
Grace's hourly salary is $16. If grace works more than 40 hours a week, then Grace gets overtime pay at 1 and 1/2 times the regular hourly rate for each hour worked over 40 hours. Last week, Grace worked 42 hours. What was the total pay last week? *
Answer:
The correct answer is $688
Explanation:
According to the given scenario, the calculation of total pay last week is as follows:
Total hours worked is 42 hours out of which normal hours is 40 and 2 hours is overtime
So,
= 40 hours × $16 + 2 hours × ($16 + $16 ÷ 2)
= $640 + 2 hours × $24
= $640 + 48
= $688
hence, the total pay last week is $688
Negotiated contract buying means agreeing to contracts that allow for changes in the purchase arrangements. true false
Negotiated contract purchase means agreeing to a contract that allows changes in purchasing arrangements is a true statement.
Negotiation is an interactive process undertaken to reach an agreement. This process involves two or more people who have different views but want to reach some common resolution. Negotiation Requirements To carry out the negotiation process there are at least 2 things that must be possessed, namely: It is carried out with a minimum of 2 or more people.
The following are the objectives of the negotiation, namely:
Reach mutual agreementReducing portion differences and conflicts on each sideUnite all opinions so that it can benefit both parties or more in the negotiation (achieve a win-win solution)Overcoming or adjusting differences to get something from the other party without being forcedYou can learn more about negotiation here brainly.com/question/9312091
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Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product? Jonathan plays the role of a in the advertising process for the product.
Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Jonathan plays the role of a consultant in the advertising process for the product.
What is a consultant?Generally, A professional who, in addition to providing advice, engages in additional activities that serve a purpose related to their area of expertise is known as a consultant. As a kind of contingent labor, consulting services are often classified as falling within the umbrella of professional services.
Consultants, who are often known as management consultants, assist businesses in dealing with change and finding solutions to issues in order to make such businesses run more effectively and, as a result, more financially.
In order to assist their client organizations in becoming more successful in their commercial endeavors, consultants provide them with guidance and knowledge.
In conclusion, Since Jonathan was brought in from outside the organization to do a particular task, I would classify him as a contract employee, sometimes known as a consultant.
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CQ
Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product? Jonathan plays the role of a ____ in the advertising process for the product.
According to Peter G. Keen, a former MIT professor, which is a benefit of a decision support system (DSS)
According to Peter G. Keen, a benefit of a decision support system is that it helps in making better decisions.
A decision support system simply means a computerized program that is used for supporting judgments in an organization. It's used for decision-making.
According to Peter G. Keen, a decision support system is also vital as it helps in increasing communication and saves costs. It also aids new insights and learning.
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A firm uses labor L and capital K to produce an output y according to the production function y = f(LK) = VLK. The wage rate for labor is u, and the rental rate on capital is r. The Inarginal product of labor is MPL(L, K(1/2) and the marginal product of capital is MPK(L, K). Derive the long-run conditional input demald functions L L(w, r, y) and K K(w,r,y), and the long-run cost function, c(y). 1 mark
The long-run conditional input demand functions for labor and capital are \($L(w, r, y) = \left(\frac{w}{VMP_LK}\right)^{\frac{1}{2}} \cdot \left(\frac{y}{V}\right)^{\frac{1}{2}}$\) and \($K(w, r, y) = \left(\frac{r}{VMP_LK}\right)^{\frac{1}{2}} \cdot \left(\frac{y}{V}\right)^{\frac{1}{2}}$\), respectively. The long-run cost function is \($c(y) = 2V^{\frac{1}{2}} \cdot \left(w^{\frac{1}{2}}r^{\frac{1}{2}} + yVMP_LK^{-\frac{1}{2}}\right)$\), which exhibits constant returns to scale.
To derive the long-run conditional input demand functions, we need to minimize the cost of producing a given level of output y. This implies solving the following optimization problem:
minimize wL + rK subject to y = VLK
where w and r are the wage rate and rental rate on capital, respectively.
Using the Lagrange multiplier method, we can form the Lagrangian as follows:
L = wL + rK - λ(y - VLK)
Taking partial derivatives with respect to L, K, and λ, we get:
∂L/∂L = w - λVK = 0
∂L/∂K = r - λVL = 0
∂L/∂λ = y - VLK = 0
Solving for λ in the first two equations and equating them, we get:
w/VK = r/VL
Solving for L and K in terms of w, r, and y, we get:
\($L(w, r, y) = \left(\frac{w}{VMP_LK}\right)^{\frac{1}{2}} \cdot \left(\frac{y}{V}\right)^{\frac{1}{2}}$\)
\($K(w, r, y) = \left(\frac{r}{VMP_LK}\right)^{\frac{1}{2}} \cdot \left(\frac{y}{V}\right)^{\frac{1}{2}}$\)
where V = MP_LK is the constant returns to scale (CRS) production function.
The long-run cost function is given by c(y) = wL(w, r, y) + rK(w, r, y). Substituting the expressions for L and K, we get:
\($c(y) = 2V^{\frac{1}{2}} \cdot \left(w^{\frac{1}{2}}r^{\frac{1}{2}} + yVMP_LK^{-\frac{1}{2}}\right)$\)
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Many economists believe that the growth of the money supply is A. not related to output growth. B. inversely related to the price level. C. directly related to interest rate growth. D. positively related to the growth of real GDP.
Answer:
D.
Explanation:
They believe that controlling the supply of money directly influences inflation and that by fighting inflation with the supply of money, they can influence interest rate in the future.
What is economy defined as ?
Answer: An economy is a system of inter-related production and consumption activities that ultimately determine the allocation of resources within a group. The production and consumption of goods and services as a whole fulfill the needs of those living and operating within it.
Explanation:
For what does marketing depend on the human resources department?
A. To implement marketing plans by setting goals and objectives
B. To bring in money for the marketing budget
C. To get people interested in the products and services offered
D. To hire people who are aligned with the marketing strategy
The marketing department depends on the Human Resources (HR) department for many tasks related to marketing.
HR is responsible for hiring people who align with the company’s marketing strategy. This includes finding individuals with the right skills, qualities, and experience to perform their roles effectively. Furthermore, HR is also responsible for ensuring that employees have the necessary training and knowledge to support the marketing goals and objectives. Additionally, HR will also help to manage the marketing budget by making sure that the marketing staff have the resources they need to do their jobs effectively and efficiently. Finally, HR can help to create an atmosphere that encourages employees to actively promote the company’s products and services. In short, the Human Resources department plays an integral role in helping the marketing team to meet their goals and objectives.
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financial analysis with microsoft excel by timothy r. mayes (south-western cengage learing 9th edition 2019)
Financial Analysis with Microsoft Excel" by Timothy R. Mayes is a textbook that provides guidance on using Microsoft Excel for financial analysis. The 9th edition was published in 2019 by South-Western Cengage Learning. The book covers various financial analysis techniques and demonstrates how to apply them using Excel spreadsheets.
It includes topics such as financial statement analysis, ratio analysis, forecasting, time value of money, capital budgeting, and valuation. The book aims to equip readers with the skills necessary to analyze financial data and make informed decisions using Excel's powerful tools and functions.
By using Excel, readers can perform complex calculations, create financial models, generate charts and graphs, and automate repetitive tasks, making the financial analysis process more efficient and accurate. The book likely provides step-by-step instructions, examples, and practice exercises to help readers understand and apply the concepts effectively.
Overall, "Financial Analysis with Microsoft Excel" serves as a practical resource for individuals involved in financial analysis, including students, professionals, and researchers, enabling them to leverage the capabilities of Excel for insightful and data-driven financial decision-making.
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each listed stock option contract gives the holder the right to buy or sell shares of stock. each listed stock option contract gives the holder the right to buy or sell shares of stock. 10 100 1000 1
The correct statement is:
Each listed stock option contract gives the holder the right to buy or sell 100 shares of stock.
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What are 3 different checking accounts?
Checking Account, Savings Account, Money Market Deposit Account are three different checking accounts.
What is a Savings Account?The savings account is a type of bank account which generates interest deposits at bank or any other financial institution.
Although these accounts pay very little interest, their dependability and security make them a perfect choice for saving money for unexpected expenses.
Savings accounts are excellent for creating an emergency fund, saving for an immediate necessity, such as a car or vacation, or just putting extra money you don't need into your checking account so it can earn more interest.
Savings accounts offer amazing flexibility. The frequency of withdrawals from a savings account is subject to various restrictions, but overall, they offer excellent flexibility.
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2 Type the correct answer in the box. Spell all words correctly. Which law regulates online credit reporting in the United States? regulates online credit reporting in the US.
Answer:
The Fair Credit Reporting Act
Explanation:
The Fair Credit Reporting Act (FCRA) is the law that regulates online credit reporting in the United States. It was passed in 1970, and it helps in ensuring the privacy, fairness, and accuracy of the data in consumer credit bureau files. This law provides guidelines on the way credit bureaus can collect and share information on an individual customer.
The FCRA protects the rights of consumers to access their own credit reports.
Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office. a. Elementary school teacher b. Administrative support worker c. Instructional designer d. High school principal
Answer:
a. Elementary school teacher
Explanation:
An elementary school teacher refers to an individual who is an educational professional and is typically saddled with the responsibility of developing and implementing lesson plans for students in the classroom.
Basically, an elementary school teacher educate students on vital subjects such as mathematics, english language, verbal studies, quantitative reasoning etc. which forms the foundation of a student's future career, observe, analyze and evaluate the performance of each pupil, coordinate all classroom activities, enforce school and classroom rules etc. All of the aforementioned responsibilities are executed or achieved by walking around the classroom to effectively and efficiently monitor and evaluate the pupils.
In this scenario, Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office.
Hence, the education career which would be the best option for Allesandra, is to work as an Elementary school teacher.
Answer:
a
Explanation:
my school teacher
What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested
Goods produced and resources invested re the two factors used to calculate productivity.
How productivity is measured?Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.
Thus, option D is correct.
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Answer:
Goods produced and resources invested
Explanation:
Kelsey and Jerrod have a housing ratio of 30% and a total debt obligation of 41%. Their credit score is 640. Do they meet the underwriting requirements for an FHA loan
Based on Kelsey and Jerrod's total debt obligations, housing ratio, and credit score, They meet the underwriting requirements of an FHA loan.
What are the underwriting requirements of an FHA Loan?The applicants must have a credit score of above 500. They must also have a total debt obligation of 43% or less and a housing ratio of not more than 31%.
Kelsey and Jarrod have the required credit score, total debt obligation and housing ratio so they meet the requirements.
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If supply increases and demand stays the same, there will be a
A) higher equilibrium price and quantity
B)lower equilibrium price and higher quantity
C) lower equilibrium price and quantity
D) higher equilibrium price and lower quantity
Answer:
B) lower price increase quantit
Explanation:
In the end, businesses that use teams tend to have ______. a. Fewer sick leaves b. More profits c. More management d. Fewer products
Answer:
The answers B More profits
Explanation:
Trust me i just made a 100 in the test
In the end, businesses that use teams tend to have more profit. Thus, option (b) is correct.
What is businesses?The term “businesses” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
The term “businesses” refers to the primary goal of generating a profit. The company is taking a risk and profiting from it. The enterprises' functions are focused on the creation, distribution, and sale of concepts. The business was the runs on the basis of the consumer behavior.
As a result, the significance of businesses are the aforementioned. Therefore, option (b) is correct.
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