swathmore clothing corporation grants its customers 30 days’ credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 2% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2023, accounts receivable were $588,000 and the allowance account had a credit balance of $52,000. accounts receivable activity for 2024 was as follows: beginning balance $ 588,000 credit sales 2,690,000 collections (2,553,000) write-offs (46,000) ending balance $ 679,000 the company’s controller prepared the following aging summary of year-end accounts receivable: age group summary amount percent uncollectible 0−60 days $ 405,000 3% 61−90 days 96,000 10 91−120 days 56,000 26 over 120 days 122,000 37 total $ 679,000 required: 1. prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. 2. prepare the necessary year-end adjusting entry for bad debt expense. 3-a. what is total bad debt expense for 2024? 3-b. how would accounts receivable appear in the 2024 balance sheet?

There are several benefits for McDonald's by using FIFO methods. Here we will discuss some of them: better food hygiene, which gives more customers satisfaction; easier to reduce products near their end-date—resulting in more sales and less waste;

FIFO is a measuring tool for inventory valuation or management. In this, we have sold the goods which come first. This is called a FIFO, which is known as First In First Out.

Thus, McDonald's using the FIFO method gets such benefits as better food hygiene, which gives more customer satisfaction; easier to reduce products near their end-date – therefore more sales and less waste.

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The action that involves allocating ownership of the risk to another party is known as "risk transfer."

Risk transfer is a risk management strategy in which the responsibility for potential losses or damages is shifted from one party to another through contractual agreements or insurance mechanisms.

By transferring the risk, an organization or individual can reduce their exposure to potential financial or operational losses. This can be done by purchasing insurance policies that cover specific risks, such as property insurance, liability insurance, or professional indemnity insurance. In such cases, the insurance company assumes the financial burden in the event of a covered loss or claim.

Risk transfer can also occur through contractual arrangements, such as through the use of indemnification clauses or by outsourcing certain activities or functions to external service providers. By including specific provisions in contracts, the responsibility for potential risks and associated liabilities can be transferred to the other party.

It's important to note that while risk transfer can help mitigate certain risks, it does not eliminate them entirely. Organizations should carefully evaluate the terms and conditions of contracts or insurance policies to ensure that the transferred risks are adequately covered and managed.

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If Janet is willing to sell her burger to Felix while at Wendy's restaurant, it suggests that she values the transaction more than the burger itself.

This implies that she perceives a higher value in the money she would receive from selling the burger ($2.00) compared to the price she paid for the burger ($1.00). Her willingness to immediately purchase another burger indicates that she still desires the satisfaction or utility provided by consuming a burger.

Thus, Janet's decision reflects a rational economic behavior where she maximizes her utility by exchanging a good for a higher monetary value and then reinvesting that money to maintain her desired level of satisfaction or consumption.

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Using the actual overhead cost and actual hours worked, the company's revised plantwide predetermined overhead rate is $22.97 per direct labor-hour. This can be calculated by dividing actual overhead cost of $249,000 by actual labor-hours of 10,800.

What do you mean by plantwide?

Plantwide control is a type of process control that focuses on the entire plant, rather than on individual machines or processes. It involves controlling all aspects of a manufacturing process from inputs, such as raw materials, to outputs, such as finished products. The goal of plantwide control is to ensure that the entire production system runs smoothly and efficiently, with minimal waste and maximum productivity. Plantwide control also seeks to reduce costs and increase profits by improving production processes and reducing downtime. The system also helps to ensure product quality by controlling the entire process, from material selection to final assembly.

So,  This can be calculated by dividing actual overhead cost of $249,000 by actual labor-hours of 10,800.

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Kareem understands that he would require more than 1,500 euros in order to buy one ounce of gold as an investor researching the gold standard. The gold par value is represented by these euros.

In a par value system, member nations fix the value of their national currencies in relation to gold or the US dollar.

The "gold standard" is a monetary system that directly correlates the value of a country's currency or paper money with the price of gold. Under the gold standard, nations agreed to exchange paper money for a specified quantity of gold. In a country that follows the gold standard, the price of gold is fixed, and gold is bought and sold at that price.

Due to its tendency for volatility and the restrictions it placed on governments, the gold standard was abandoned. By maintaining a fixed exchange rate, governments were prevented from implementing expansionary policies to, for example, lower unemployment during economic downturns.

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Answer:

5 Simple Steps to Fine-Tune Your Digital Marketing Planwww.convinceandconvert.com › digital-marketing › fi...

Were results good, targets met, and goals achieved? Or did your plan totally miss the mark? If you don't review what you did, how will you know what worked

Explanation:

The main function of a high-risk investment is that one quickly earn as much return on investment as possible.

The advantages of high risk investments are:

The reason for investment is for profit or returns. it often involves risk.

Conclusively, Every investor invests with a specific objective at heart, and most investment has its own unique set of benefits and risks.

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contraction is to decline the answer is B

Mercosur is a pact that originated in 1988 to establish a free trade area now including Argentina, Brazil, Paraguay, and Uruguay. The correct answer is (a) Mercosur.

Mercosur, also known as the Southern Common Market, is a regional trade agreement that was established in 1988 by Argentina, Brazil, Paraguay, and Uruguay with the objective of creating a free trade area among its member countries.

It is one of the largest trade blocs in the world, covering an area of approximately 15 million square kilometers and having a combined population of over 290 million people.

The main purpose of Mercosur is to promote regional economic integration, increase trade and investment flows, and enhance cooperation among its member countries.

To achieve these goals, Mercosur has implemented a range of policies and programs, including the elimination of tariffs on most goods traded between member states, the establishment of common external tariffs on goods imported from non-member countries, and the harmonization of rules and regulations in various sectors.

Over the years, Mercosur has expanded its scope to include areas such as energy, infrastructure, and social policy. It has also established partnerships with other regional blocs and countries around the world, such as the European Union, China, and India.

Despite facing some challenges and setbacks, Mercosur remains an important platform for regional economic integration and cooperation in South America, and it is likely to continue playing a significant role in the future of the region's economy and politics.

The correct answer is (a) Mercosur.

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Intrapreneurs work within existing corporations while entrepreneurs assume the risks of starting their own business.

News articles regarding entrepreneurship, small business management, and business are featured in the American magazine and website Entrepreneur. 1977 saw the debut of the magazine. With its main office in Irvine, California, Entrepreneur Media Inc. publishes it.

The best handbook for budding entrepreneurs, small business owners, and C-suite executives alike is Entrepreneur. This journal has been a stalwart in the business world since 1977, with a focus on innovation and influencers.

The tales of common people who, through intrapreneurship, have accomplished incredible things. We are all familiar with well-known businesspeople like Jeff Bezos, Richard Branson, Elon Musk, Steve Jobs, and others.

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b is right answer I think

$5,000 is the amount she will pay out of pocket on her annual medical bills.

Basically, the term of Deductible is used in Insurance. The amount of deducible refrain the Insurer from liability until a certain level of liability is reached.

In health Insurance, having a deductible of $5,000 on one's policy means the health plan benefits will start after one pays $5,000 out of his pocket.

Information given

Deductible = $5,000

Total claim = $49,000

Therefore, the Option C is correct because $5,000 is the amount she will pay out of pocket on her annual medical bills.

Answer:

A. Hiring more employes

B. Marketing

Explanation:

By hiring more employees, you are LITERALLY growing the business. It costs money to hire (and to keep employees), so it could be considered a capital investment.

Marketing is stuff like running advertisements, campaigns, and promotions- all things that are rarely free. You spend money in hopes that more people will buy from you.

Answer:

Perfectly competitive structure

Explanation:

Based on the information we can say that the coffee bean industry in Cantonica best illustrates a(n) PERFECTLY COMPETITIVE structure reason been that this type of competitive structure companies can easily produce their own products and as well supply this product to different stores which makes them to have many small firms .

Secondly PERFECTLY COMPETITIVE structure allow owners of plantation to easily supply their product to different companies which which makes it hard for people to easily differentiate these products from one another.

Thirdly in PERFECTLY COMPETITIVE structure the firm involve have little or no right to increase the price of the product.

Therefore the coffee bean industry in Cantonica best illustrates a(n) PERFECTLY COMPETITIVE structure .

Unemployed workers who meet certain qualifications can receive unemployment benefits for up to 6 months.

Unemployment benefits are financial assistance provided to individuals who have lost their jobs and meet specific eligibility criteria. The duration for which unemployed workers can receive these benefits varies depending on the country and its regulations. In the given context, the statement suggests that individuals who meet the necessary qualifications can receive unemployment benefits for a maximum period of 6 months.

This means that they will receive financial support to cover their basic needs and expenses for that duration while actively seeking employment. After the designated time period, eligibility for unemployment benefits may expire, and individuals would need to explore other sources of income or assistance.

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The key indicators that control of goods or services has been transferred to the customer are Customer has an obligation to pay and Customer accepted the risks and rewards of ownership.The correct answer among the given options are A and C.

A) Customer has an obligation to pay: When a customer has an obligation to pay for the goods or services, it indicates that the control has been transferred to them.

This means that the customer is responsible for making the payment, which is a clear indication of their ownership and control over the goods or services.

C) Customer accepted the risks and rewards of ownership: If the customer has accepted the risks and rewards of ownership, it signifies that control has been transferred to them. This means that the customer bears the risks associated with the goods or services, such as loss or damage, and also enjoys the benefits or rewards that come with ownership, such as the right to use or sell the goods.

B) Customer has legal title to the asset: Although legal title to the asset can be an indicator of control transfer, it is not always necessary. Control can be transferred to the customer even if legal title remains with the seller.

For example, in cases of leasing or financing arrangements, the customer may not have legal title to the asset but still have control over its use.

D) Customer signed a legally enforceable contract: While a contract is important for establishing the terms and conditions of the transaction, the mere signing of a contract does not necessarily indicate that control has been transferred.

The transfer of control is determined by the actual performance of the obligations outlined in the contract.

In conclusion, the key indicators that control of goods or services has been transferred to the customer are A) Customer has an obligation to pay and C) Customer accepted the risks and rewards of ownership.

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When a provision in a contract is unclear by accident, it is a case of ambiguous language or an ambiguous provision.

Ambiguity in a contract refers to a situation where the language or terms used in a provision are unclear or open to multiple interpretations. It can arise due to various reasons, including poor drafting, insufficient detail, conflicting clauses, or lack of specificity.

When ambiguity occurs in a contract provision, it can lead to confusion and disagreement between the parties involved. Each party may have a different understanding or interpretation of the provision, which can result in disputes or difficulties in enforcing the contract.

In such cases, it is important to resolve the ambiguity to ensure a clear understanding of the contractual obligations and intent of the parties. This may involve negotiation, seeking clarification from the parties involved, or resorting to legal means, such as litigation or arbitration, depending on the severity and complexity of the ambiguity.

To avoid or minimize ambiguity in contracts, it is essential to carefully draft provisions with clear and precise language, define terms explicitly, address potential scenarios, and ensure consistency throughout the contract. This helps to provide clarity and reduce the risk of misinterpretation or misunderstandings.

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A major advantage of a C) separate family brand name is strategy is that the company does not tie its reputation to the product.

One major advantage of using a separate family brand name strategy is that the company can avoid tying its reputation solely to one product or product line. By using a separate brand name for each product line, the company can build a reputation for quality and reliability across a range of products, which can be particularly important in industries where consumer preferences and trends can shift quickly.

Additionally, using a separate family brand name strategy can also allow the company to differentiate its products more effectively and target different customer segments more precisely. Overall, using a separate family brand name strategy can help a company build a strong, diversified brand portfolio that can withstand changes in the market and maintain its reputation over time.

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In this case, assuming the estimated factory overhead costs for the year are $50,000 and the allocation base is direct labor hours and for the journal entry to record the addition of materials to Work in Process for Job 83.

1 - To calculate the predetermined factory overhead rate for POGP Company, we need to determine the total estimated factory overhead costs and the allocation base. The allocation base is typically a measure of activity that is used to allocate overhead costs to products or jobs.

Given the information provided, we can calculate the predetermined factory overhead rate using the following formula:

Predetermined Factory Overhead Rate = Estimated Factory Overhead Costs / Total Allocation Base

Let's assume that the estimated factory overhead costs for the year are $50,000. The allocation base in this case could be direct labor hours, as it is a common measure used in manufacturing companies.

The total direct labor hours can be calculated as follows:

(3 knitters x 40 hours/week x 52 weeks) + (1 office manager/supervisor x 20 hours/week x 52 weeks) = Total direct labor hours

Once you have the total direct labor hours, you can use the formula to calculate the predetermined factory overhead rate.

2 - A. To journalize the entry to record the addition of materials to Work in Process for Job 83, we need to know the cost and details of the materials used. Please provide the information regarding the materials used for Job 83.

B. Once the details of the materials used for Job 83 are provided, we can add the materials and their costs to the Job Cost Sheet for Job 83.

3 - A. To journalize the entry to record the addition of direct labor to Work in Process for the period December 1 through December 15, we need to know the number of hours worked by each employee and their respective wage rates. Please provide the information regarding the direct labor hours and wage rates for this period.

B. To journalize the entry to record the addition of factory overhead to Work in Process for the period December 1 through December 15, we need to know the total factory overhead costs incurred during this period. Please provide the information regarding the factory overhead costs for this period.

C. Once the information regarding direct labor and factory overhead costs for Job 62 is provided, we can add the appropriate amounts to the Job Cost Sheet for Job 62 for the period December 1 through December 15.

4 - Once Job 62 is completed, we can review the Job Cost Sheets panel and the previous journal entries to journalize the entry to move the associated costs to the Finished Goods account. Please provide the total cost incurred for Job 62.

5 - A. To journalize the entry to record the sale of 75 sweaters from Job 62 on account for $125 each, we need to know the total selling price and the associated accounts used for recording sales. Please provide the necessary information.

B. To journalize the entry to record the transfer of costs from Finished Goods to Cost of Goods Sold, we need to know the total cost of goods sold for the 75 sweaters sold. Please provide the necessary information.

6 - A. To journalize the entry to record the addition of direct labor to Work in Process for the period December 16 through December 31, we need to know the number of hours worked by each employee and their respective wage rates. Please provide the information regarding the direct labor hours and wage rates for this period.

B. To journalize the entry to record the addition of factory overhead to Work in Process for the period December 16 through December 31, we need to know the total factory overhead costs incurred during this period. Please provide the information regarding the factory overhead costs for this period.

C. Once the information regarding direct labor and factory overhead costs for Job 83 is provided, we can add the appropriate amounts to the Job Cost Sheet for Job 83 for the period December 16 through December 31.

7 - On December 31, journalize the following transactions:

A. One month's depreciation on equipment:

Depreciation Expense - Equipment $200

Accumulated Depreciation - Equipment $200

B. One month's payroll for all employees:

Salaries Expense $XXXX (amount for one month's payroll)

Cash (or Wages Payable if not paid immediately) $XXXX (amount for one month's payroll)

C. One month's rent of $2,000:

Rent Expense $2,000

Cash $2,000

D. One month's utilities of $1,275:

Utility Expense $1,275

Cash $1,275

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In such situation, we would have what is known as a command economy, in which the government owns, provides, and sets the prices for all goods and services.

The goal of a command economy, often referred to as a planned economy, is to maximise societal welfare by the planning, coordination, and direct supervision of all economic activity. In contrast to free-market economies, command economies do not permit market forces like supply and demand to control production or prices. All resources are allocated by the government in line with the overall plan. It strives to make the best use of the country's financial resources, labour force, and natural resources. A central authority determines both the maximum allowable output and the prices that can be paid for products and services under a political system with a command economy. Most industries are publicly held businesses.

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Ray engaged in market planning by hiring a research firm to determine the demand for home theater seating and identifying the target market for his new theater seats.

Ray conducted marketing-information management by gathering information from consumers and retailers through surveys and research to inform the design and marketing of his new theater seats.

Ray engaged in product/service management by designing a new type of theater seating, specifying the production process, and managing the quality of the final product.

The activities involved in the pricing function included calculating the manufacturing cost of the theater seats, setting a wholesale price that covered expenses and earned a reasonable profit, and determining the final retail price for the seats.

Ray used the channel management function by developing a network of wholesalers and retailers to distribute the theater seats to consumers.

An example of the promotion function is the display of a theater seat in a store with a plasma TV and accessories to show how it would look in a home.

A salesperson used the selling function by promoting the features and quality construction of the theater seat to potential customers.

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Answer:

We have two types discount and they are:

a) Cash discount: This is used to make customers to pay on time.

b)Trade discount: This is used to encourage the customers to buy in bulk.

Explanation:

After using  the Internet to search  an article that deals with the financial records of a business is mentioned below:

The economic facts of a enterprise is a illustration of wherein the cash the enterprise earns comes from and wherein the cash is being directed in addition to the modern-day popularity of the cash earned, (source, U.S. Securities and Exchange Commission website) Financial facts includes; General accounting books, Banking facts, debtor's facts, creditor's facts, charges facts, tax facts, provide details, agreement facts, listing of assets, worker payments, cashbook facts, and inventory facts (Source Australian Charities and Not-for earnings fee website).

An entrepreneur, venturing right into a enterprise, wherein capital investments are and sources are put, sales is collected, shares are sold, and elements of manufacturing including device are purchased, can great keep the economic fitness of the via way of means of maintaining an correct and updated economic record, such that the coins flows are correctly control to achieve the proper fees and hobby fees from providers and creditors respectively .(Gateway to Commercial Finance website)

Your opinion of ways the enterprise will do withinside the following couple of months primarily based totally on its economic facts

A enterprise that always makes earnings and incurs a hard and fast charges is anticipated to grow, whilst a enterprise that has restrained sales is anticipated to embark on novel approaches.

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Product mix, also known as product assortment or product portfolio, refers to the complete set of products and/or services offered by a firm. A product mix consists of product lines, which are associated items that consumers.

For example, your company may sell multiple lines of products.Or your product lines may be vastly different, such as diapers and razors.

Answer:

keep the house clean and private.

Explanation:

I know someone who does exactly this. Also, by keeping certain parts of the house either exclusively or predominantly for business, he can write that square footage off in taxes.

Answer:

Its B

Explanation:

Answer:G tyyyy jhccfvvhh

Explanation:

Hjhdfuiijjhfcdrg g

Answer:

B

C

E

Explanation:

The other options do not make sense so these are the right answers I think, lol

Reasons why the CMO in the chapter example wanted to revamp the marketing plan:

2. People's tastes changed

3. Customers increasingly preferred organic

5. Demand for chicken sandwiches varied widely​

Chief medical officer (CMO) is the title used in many countries for the senior government official designated head of medical services, sometimes at the national level. The post is held by a physician who serves to advise and lead a team of medical experts on matters of public health importance.

Chief medical officers are healthcare administrators who oversee the effective management of medical centers. They are responsible for managing clinical operations, liaising between the administration and medical staff, and ensuring that patients receive the highest standard of medical care.

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Answer:

B. A search warrant

Explanation:

hope it helps

Market segmentation is the process of dividing a market of potential customers into different groups or segments, based on common characteristics such as demographics, interests, needs, and buying behaviors.

The purpose of market segmentation is to allow businesses to better target their products or services to the specific segments of potential customers that they can best serve.

By effectively targeting their potential customer base, businesses can provide more focused and tailored solutions to the wants and needs of their customer segments, thus improving their chances of success.

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