Answer:
The answer is 'One product and multiple market segments'
Explanation:
The market segmentation strategy here is One product and multiple market segments.
The product is one product(the magazine story) and this one product (same story) covers 16 different regions of the U.S i.e the same product is selling in 17 market segments.
The advantage of this strategy is that it helps to avoid the additional costs of developing and producing additional versions of the product.
What is a class action suit?
OA. When a lawsuit is dismissed by a judge because the court does
not have proper jurisdiction
B. When a lawsuit involves not only one punishment, but an entire list
of consequences
C. When a group of consumers that suffer similar damages bring a
case against a business together
D. When an individual brings a lawsuit against all businesses in an
industry together
it’s c
A class action suit is a case, brought up by a group of consumers that suffer similar damages, against a business together. Hence, the correct answer will be an option(c).
Consumers, suffering a similar loss caused by a business, come forward and file a lawsuit together against the same business. This type of lawsuit is known as a class action suit. It is also known as Representative action. If the group wins the lawsuit, it will be compensated for the damages caused but if they lose the lawsuit, it will not receive any type of financial compensation.
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How could quantum computing benefit the Financial Services industry? by enabling complex modeling to optimize portfolios, by predicting market activities months in advance, by ugarantteing double returns for fund managers, by determining future value of cypto-currencies
Determining the future value of cypto-currencies could quantum computing benefit the Financial Services industry. Thus, option (d) is correct.
What is financial?
The term financing refers to borrowing money to go through tough times, saving money, and investing money. Finance is the provision of funds for credit against anything. Types of finance are personal, public, and business finance is the three different categories.
Quantum computing will help our businesses to optimize better investment strategies. They safeguard the financial data of the customers using next-generation cryptography.
As a result, the Financial Services industry by determining the future value of crypto-currencies. Therefore, option (d) is correct.
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Roles and responsibility of central management(business policy)
Answer:
The Four Functions of Management: What Managers Need to Know
Planning. One main role of a manager is creating a plan to meet company goals and objectives. ...
Organizing. ...
Leading. ...
Controlling. ...
How to Develop Key Management Skills. ...
Work to Develop Your Management Skills With an MBA.
A company commences business on 1 April. It buys the following units of inventory.
Date
1 April
1 September
1 December
Quantity
200
400
200
Unit cost
£250
£200
£300
During the year, it sells 500 units at £550 each.
What is the gross profit for the year using the first in first out (FIFO) method of inventory
valuation?
B £155,000
C £156,250
A £85,000
D £165,000
Answer:
D £165,000
Explanation:
The computation of gross profit for the year using the first in first out (FIFO) method of inventory valuation is shown below:-
As we know that
Gross profit = Sales - the cost of goods sold
where
Sales is
= 500 units × £550
= £275,000
And, the cost of goods sold is
= 200 units × £250 + 300 units × £200
= £50,000 + £60,000
= £110,000
We considered only 500 units as these sold units are sold
And, this is a first in first out method so we pick the first date units only
So, the gross profit is
= £275,000 - £110,000
= £165,000
PLEASE HELP ME QUICK!
Which of these is not an example of a trade restriction?
a. paying a subsidy to domestic farmers
b. charging a tariff on imports
c. taking land to build an airport
d. limiting the import of certain goods
Answer:
c. taking land to build an airport.
Explanation:
While the other options (a, b, and d) are examples of trade restrictions, the act of taking land to build an airport is not directly related to trade restrictions. It is more related to the acquisition of land for public infrastructure development, which may involve eminent domain or other legal processes.
Accounts Receivable: $24,000Allowance for Uncollectible Accounts: $1,000During the year there were $450,000 of credit sales, $460,000 of collections from credit customers, and $3,700 of write-offs of delinquent accounts. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method, and applied a rate, based on past history, of 1.2%. At the end of the year, what was the balance in the Accounts receivable
Answer: $10,300
Explanation:
The following can be deduced from the question:
Opening balance of the account receivable = $24,000
Accounts receivable after the credit sales would be calculated as:
= $24,000 + $450,000
= $474,000
We then calculate the accounts receivable after the collection of credit which will be:
= $474,000 - $460,000
= $14,000
Therefore, the the balance in the accounts receivable would be:
=$14,000 - $3,700
= $10,300
1 Acquired $45,000 cash from the issue of common stock.
1 Purchased $30,500 of merchandise on account with terms 2/10, n/30.
5 Paid $900 cash for freight to obtain merchandise purchased on September 1.
8 Sold merchandise that cost $10,250 to customers for $17,000 on account, with terms 2/10, n/30.
8 Returned $850 of defective merchandise from the September 1 purchase to the supplier.
10 Paid cash for the balance due on the merchandise purchased on September 1.
20 Received cash from customers of September 8 sale in settlement of the account balances, but not within the discount period.
30 Paid $3,000 cash for selling expenses.
Required
Record each event in a statements model like the following one. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. The first event is recorded as an example.
Prepare an income statement for the month ending September 30.
Prepare a statement of cash flows for the month ending September 30.
1. Recording each event in a statement's model is as follows:
Assets = Liabilities + Equity
Cash Accounts Inventory Accounts Common Stock Retained
Receivable Payable Earnings
Sept. 1 $45,000 $45,000 IA
Sept. 1 $30,500 $30,500 OA
Sept. 5 -900 -$900 (Freight-in Expenses) OA
Sept. 8 $17,000 $17,000 (Sales Revenue) OA
-$10,250 -$10,250 (Cost of goods sold) OA
Sept. 8 -$850 -$850 OA
Sept. 10 -$29,057 -$29,650 $593 (Cash Discounts) OA
Sept. 20 $17,000 $17,000 OA
Sept. 30 -$3,000 -$3,000 (Selling Expenses) OA
Total $29,043 $0 $19,400 $0 $45,000 $3,443
2. An Income Statement for the month ended September 30:
Sales Revenue $17,000
Cost of goods sold 10,250
Freight-in Expenses 900
Gross profit $5,850
Selling Expenses (3,000)
Discounts 593
Net Income $3,443
3. A Statement of Cash Flows for the month ended September 30:
Net income $3,443
Increase in inventory (19,400)
Cash from operations ($15,957)
Financing Activities:
Common Stock $45,000
Cash Flows $29,043
Transaction Analysis:Sept. 1 Cash $45,000 Common Stock $45,000
Sept. 1 Inventory $30,500 Accounts Payable $30,500
terms 2/10, n/30.
Sept. 5 Freight-in $900 Cash $900
Sept. 8 Accounts Receivable $17,000 Sales Revenue $17,000
Cost of goods sold $10,250 Inventory $10,250
terms 2/10, n/30.
Sept. 8 Accounts Payable $850 Inventory $850
Sept. 10 Accounts Payable $29,650 Cash $29,057 Cash Discounts $593
Sept. 20 Cash $17,000 Accounts Receivable $17,000
Sept. 30 Selling Expenses $3,000 Cash $3,000
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the level at which individual is viewed by Society is called
Answer:
The level at which an individual is viewed by society is called Social Status. ... It is the measure of worth or the position that the 'person holds in society'.
Explanation:
I hope this helps and pls mark me brainliest :)
Based on the graph, how many people are willing to work when the government of a country raises the minimum wage from $17 to $25?
A. 9
B. 12
C. 16
D. 19
E. 28
Answer:
Post Test: Government
Economics
Question #5
Based on the graph, how many people are willing to work when the government of a country raises the minimum wage from $17 to $25?
Answers:
A. 9
B. 12
C. 16
D. 19
E. 28
__________________________________________________________
The 100% correct answer is:
E. 28
Explanation:
I took the test and this is 100% it
Hope this helped
Liu, the owner of San Diego Mortgage Solutions, a sole proprietorship, wants to obtain additional business capital to expand operations. The additional business capital is most likely limited to Group of answer choices conducting a private offering. issuing stock. bringing in partners. borrowing funds.
Answer:
borrowing funds.
Explanation:
Since the owner could not add extra partners as it would be transform into the partnership firm in the case when there is an increase in the number of owners.
In the sole propertiorship, there is only one stockholder and he cant able to issue the stock or the initial public offering
Therefore it would be limited to the borrowing funds
Differentiate a regular savings account from a CD, a money market fund, and a money market deposit account.
Savings accounts, money market accounts, and CDs all have different interest rates, limits, benefits, fees, and risk levels. Furthermore, a savings or money market account may be appropriate for short-term savings, whilst a CD is better suited for long-term savings.
Savings accounts, money market accounts, and CDs are all viable options for putting money aside and seeing it grow. These three types of accounts are similar in appearance, yet they function differently and may serve different purposes.
CDs are deposit accounts similar to savings and money market accounts that are offered from banks and credit unions. Both money market funds and CDs provide higher interest rates than ordinary savings accounts.
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The MSSP process can be described in terms of a series of elements that should be used in the purchase of goods and services. Briefly discuss these elements.
A managed security service provider (MSSP) is an information technology (IT) service provider that sells security services to enterprises.
MSSPs provide cybersecurity monitoring and management, including virus and spam blocking, intrusion detection, firewalls, and virtual private network (VPN) management.
There are six main categories of managed security services:
- On-site consultation
MSSP Consulting involves MSSPs performing in-depth security assessments of their organization's networks to identify potential and actual vulnerabilities.
- Customer network perimeter management
The purpose of the perimeter is to restrict access to sensitive data. Typically, you control who can access what on your network.
For MSSPs who provide security to large enterprises, a critical task is to ensure that the corporate network perimeter is satisfactory and all devices within it are well protected.
- Product resale
The MSSP model emerged when large companies dominated the market with their own security products.
The reseller then offers its customers customized security his solutions that consist of products from multiple vendors.
Managed security monitoring is usually the first step in responding to security incident reports.
This includes regular daily monitoring of security events, such as user logins and permission changes, and investigation of such system events throughout the network.
- Penetration testing and vulnerability analysis
Penetration testing and vulnerability assessment are methods of testing an organization's security, usually its information and technical assets.
Penetration testing is a type of ethical hacking that attempts to break into a computer system to discover vulnerabilities that hackers can exploit.
- Compliance monitoring
Compliance monitoring is the process of validating whether an organization adheres to data security policies and procedures.
Compliance monitoring typically involves MSSPs performing regular scans of their security devices and infrastructure.
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Project: Planning for Retirement
a retirement chart
There are many ways to save for retirement: putting money away into a treasure chest, purchasing gold nuggets, investing in real estate, or financial assets. The method that is right for you depends on your income as well as your personal preferences, such as risk tolerance. You can compare different methods and approximate your savings at retirement to help you determine the option that best suits your personal needs and preferences. It is a good idea to approximate the income you will need at retirement before you start investing. This is where retirement planning becomes important to consider. How much money do you think you would need to retire by age 67? Which investment options are the most profitable when saving for retirement?
In this project, you will explore how to construct a retirement plan and consider the various investment options that are financially beneficial as it pertains to retirement
OBJECTIVES
Construct a retirement plan given a yearly salary.
Compare investment options to determine the most financially beneficial option for a given situation.
To construct retirement plan, you can start by creating the retirement chart.
What is a retirement plan?A retirement plan is a financial strategy that helps individuals save and invest for their retirement years. This plan can be a combination of employer-sponsored plans like 401(k) or individual retirement accounts (IRAs). The main objective of a retirement plan is to accumulate enough funds to provide a regular income in retirement. Retirement plans typically involve contributing a portion of your earnings into an investment account that grows over time. The contributions can be tax-deductible, and the earnings grow tax-free until you start withdrawing the money in retirement. The plan may also have restrictions and penalties for early withdrawals. A well-designed retirement plan can help ensure a comfortable retirement with financial security, and it's essential to start saving and investing early to maximize the benefits of the plan.
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You pay insurance for your car and decide to become an Uber driver. You face costs for driving that include sunk cost like insurance that contribute to the average cost per mile of $.50 yet when a rider offers to pay less than that for a ride the driver agrees because
it is still profitable for the driver to accept the ride at a price lower than the average cost per mile, even though the driver incurs a loss on that particular ride.
This is because the driver's total costs are sunk costs, which means they have already been incurred and cannot be recovered, regardless of whether the driver accepts the ride or not. Therefore, the driver would still be better off accepting the ride, even if the revenue earned from the ride is less than the average cost per mile, because it would contribute towards covering the variable costs of the ride and help the driver make a profit in the long run. Average cost is the total cost of producing a given quantity of output divided by the quantity produced. It is a key concept in economics and helps firms to determine the minimum price at which they should sell their products in order to make a profit.
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Juan and Carl have a small medical practice that operates as a partnership. Juan does 70% of the work and Carl does 30%. However, Carl invested 60% of the money required to start the business. If the company makes $100,000 in profit this year, how much will each partner receive?
a. Juan will receive $70,000; Carl will receive $30,000.
b. Juan will receive $50,000; Carl will receive $50,000.
c. Juan will receive $40,000; Carl will receive $60,000.
d. Juan will receive $60,000; Carl will receive $40,000.
e. Profits will be shared in the proportion specified in the partnership agreement.
Answer:
e. Profits will be shared in the proportion specified in the partnership agreement.
Explanation:
Partnership agreement is the governing document of an partnership. The agreement consist of how profit will be shared and has been agreed right before the partnership contract become become binding. Thus, the fact that Juan does 70% of the work and Carl does 30% of work does not specifies nor idicate profit sharing. Also, the fact that Carl invested 60% of the money required to start the business does not specify profit sharing as well. The profit sharing agreement is in the partnership agreement.
When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the _________________ of investing in physical capital.
Answer:
opportunity cost
Explanation:
When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the opportunity cost of investing in physical capital.
1. Which of the following is NOT a reason why employees lose their jobs?
A. Failure to follow directions
B. Good attendance
C. Poor quality of work
D. Incompetence
Answer:B. Good attendance
Explanation: Employers want their employees to have good attendance, this is a good quality, it is NOT a reason why employees lose their jobs.
It is not a reason why employees lose their jobs is Good attendance. The reason employees lose their jobs are failure to follow directions, poor quality of work, incompetence. The correct option is (B).
What do you mean by the employees?A person who receives compensation for working for a company or another individual is called an employee.
A person who is paid to work for another person or business is an employee. Employees need only be compensated for their work by an employer; they are not required to work full-time in order to qualify.
The true assets of a company are its personnel. They are the ones who effectively contribute to an organization's smooth operation. They work really hard to deliver what they promise and complete the specified tasks by the deadline.
The foundation of a solid, long-lasting corporation is its workforce. No matter what level, employees are in charge of the company.
Therefore, it is not a reason why employees lose their jobs is Good attendance. The reason employees lose their jobs are failure to follow directions, poor quality of work, incompetence.
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QUESTION TWO HEEKS Associates Co. Ltd is considering investing in one of two proposed short-term portfolios of four short-term financial investments. The correlation between the returns of the individual investments is believed to be negligible in both options proposed. The market return is estimated to be 15%, and the risk-free rate 5%. Portfolio 1 Investment A B C D Portfolio 2 Investment A B C D Amounts invested (TZS) 10,000,000 40,000,000 30,000,000 20,000,000 Amounts invested (TZS) 20,000,000 40,000,000 20,000,000 20,000,000 Expected Total return risk 20% 8 22% 24% 26% Expected return 18% 20% 22% 16% 10 11 9 Total risk 7 9 12 13 Beta 0.7 1.2 1.3 1.4 Beta 0.8 1.1 1.2 1.4 Required: a) Calculate the risk and return of the two portfolios using the principles of both portfolio theory and the CAPM. b) Which portfolio appears to be more efficient?
Portfolio 1: Expected Return 1: 19.6% , Total Risk (σ1): 5.5%
CAPM Expected Return 1: 51%, CAPM Total Risk (σ1): 49.5
Portfolio 2: Expected Return 2: 19.2%, Total Risk (σ2): 4.7%
CAPM Expected Return (E(R2)): 50%, CAPM Total Risk (σ2): 48.1
a) Portfolio Risk and Return Calculation:
Using Portfolio Theory:
For Portfolio 1: Expected Return 1 = (Weight A * Return A) + (Weight B * Return B) + (Weight C * Return C) + (Weight D * Return D) Expected Return (E(R1)) = (0.1 * 18%) + (0.4 * 20%) + (0.3 * 22%) + (0.2 * 16%)
= 1.8% + 8% + 6.6% + 3.2%
Expected Return 1 = 19.6%
Total Risk (σ1) = √[(Weight A^2 * Risk A^2) + (Weight B^2 * Risk B^2) + (Weight C^2 * Risk C^2) + (Weight D^2 * Risk D^2)] Total Risk (σ1) = √[(0.1^2 * 7^2) + (0.4^2 * 9^2) + (0.3^2 * 12^2) + (0.2^2 * 13^2)]
= √[0.49 + 12.96 + 10.08 + 6.76] Total Risk (σ1) = √30.29
Total Risk (σ1) = 5.5%
For Portfolio 2: Expected Return 2 = (0.2 * 18%) + (0.4 * 20%) + (0.2 * 22%) + (0.2 * 16%)
= 3.6% + 8% + 4.4% + 3.2%
Expected Return 2 = 19.2%
Total Risk (σ2) = √[(0.2^2 * 7^2) + (0.4^2 * 9^2) + (0.2^2 * 12^2) + (0.2^2 * 13^2)]
= √[0.98 + 12.96 + 2.88 + 5.32] = √22.14
Total Risk (σ2) = 4.7%
Using CAPM:
For Portfolio 1: Expected Return 1 = Risk-Free Rate + (Beta A * Market Risk Premium) + (Beta B * Market Risk Premium) + (Beta C * Market Risk Premium) + (Beta D * Market Risk Premium) Expected Return (E(R1))
= 5% + (0.7 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.3 * (15% - 5%)) + (1.4 * (15% - 5%))
= 5% + (0.7 * 10%) + (1.2 * 10%) + (1.3 * 10%) + (1.4 * 10%)
= 5% + 7% + 12% + 13% + 14%
Expected Return 1 = 51%
Total Risk (σ1) = Beta-Weighted Standard Deviation = (Beta A * Risk A) + (Beta B * Risk B) + (Beta C * Risk C) + (Beta D * Risk D)
= (0.7 * 7) + (1.2 * 9) + (1.3 * 12) + (1.4 * 13)
= 4.9 + 10.8 + 15.6 + 18.2
Total Risk (σ1) = 49.5
For Portfolio 2: Expected Return 2 = 5% + (0.8 * (15% - 5%)) + (1.1 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.4 * (15% - 5%))
= 5% + (0.8 * 10%) + (1.1 * 10%) + (1.2 * 10%) + (1.4 * 10%)
= 5% + 8% + 11% + 12% + 14%
Expected Return 2 = 50%
Total Risk (σ2) = (0.8 * 7) + (1.1 * 9) + (1.2 * 12) + (1.4 * 13)
= 5.6 + 9.9 + 14.4 + 18.2
Total Risk (σ2) = 48.1
Based on these metrics, Portfolio 2 appears to be more efficient since it has a slightly lower total risk while still offering a high expected return.
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Match the terms with the appropriate definition.
1. arbitration
desired outcome or achievement
2. bilingual
ability to use two languages fluently
3. compromise
the act of training an employee to also perform tasks performed by another employee
4. constructive criticism
activities outside the scope of your education or employment that enhance personal development and pleasure
5. cross-training
when a third party is consulted to make a final decision in resolving a conflict
6. extracurricular activities
explaining an error to another person in a positive way and offering ideas to avoid similar mistakes in the future
7. goal
to give up something to resolve a conflict
Answer:
1. goal
2.correct
3.cross training
4.extracurriculars
5.arbitration
6.constructive criticism
7.compromise
What is product positioning?
Answer:
Product positioning is a form of marketing that presents the benefits of your product to a particular target audience.
Explanation:
Courtney Company uses a periodic inventory system. The following data were available: beginning inventory, 1,500 units at $25; purchases, 3,000 units at $28; operating expenses (excluding income taxes) $94,000; ending inventory per physical count at December 31, 1,000 units; sales price per unit, $75; and average income tax rate, 30%. Required: 1. Prepare income statements under the FIFO, LIFO, and weighted average costing methods. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Inventory Costing Method Weighted Average ncome Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses ncome from Operations ncome Tax Expense Net Income Units FIFO LIFO 0 0 $ 0 $
In contrast to the last in, first out (LIFO) cost technique, which assumes that the newest inventory items are sold first, FIFO assumes that the oldest inventory items are sold first.
The Last-In, First-Out (LIFO) approach is predicated on the idea that the most recent or most recent unit to enter inventory gets sold first. The oldest unit of inventory is supposed to be sold first according to the First-In, First-Out (FIFO) technique. For many businesses, LIFO is not feasible because they wouldn't keep their older merchandise sitting around in stock. Since businesses often produce their items using their oldest inventory first, FIFO is the most sensible option. The choice between these two inventory management strategies has an impact on a company's financial statements since it affects the cost of goods sold, net profit, and inventory value.
A. FIFO
B. LIFO
C. LIFO
D. FIFO
Working is done in the attachments.
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how an animal in an ecosystem uses energy to take and give back matter to the environment in which it lives.
Answer:Photosynthesis is the way in which plants convert the sun's energy into their own energy. And since animals get their energy from food, when an animal eats a plant it gets its plant-based energy indirectly from the sun, because that's how the plant itself got energy.
Explanation:
Meetings are a good place to decide what business to discuss.
Please select the best answer from the choices provided
OT
OF
It is a true statement that meetings are a good place to decide what business to discuss.
Why are meetings good place to decide what business to discuss?When teams plan to discuss ideas, share information or offer solutions to workplace challenges, they might schedule meetings to review these items. This provides coworkers with a collaborative space to freely express opinions and update each other on current tasks.
When conducting a meeting, consider sending an agenda and informing employees of the meeting's topic beforehand to ensure it's productive and engaging. Hence, it is true that meetings are a good place to decide what business to discuss. because it means that you can discuss whatever you want with team since everyone has gathered.
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You can ready yourself for an interview by:
a. Conducting a practice interview
b. Preparing answers to typical questions
c. Researching the company
d. All of the above
Please select the best answer from the choices provided
о А
o B
Mark this and return
Save and Exit
Nex
Submit
The correct answer is D. All of the above
Explanation:
Preparing for an interview implies as a candidate for a job knowing beforehand how to answer and behave during the interview. One of the best ways to achieve this is to prepare answers to typical questions because, in this way, your answers will be coherent, complete and you will show confidence when answering.
Besides this, you can conduct a practice interview or recreate the interview; this will help you to practice how to talk, introduce yourself, or behave during the interview.
Moreover, to be ready for the interview you should be well informed about the company because it is common some interview questions are related to the company goals or expectations of an employee, and in this way, you can answer appropriately and show your interest in working in the company.
Word processing software
Businesses of all sizes experience various degrees of risk in the course of their regular operation, but small businesses are particularly vulnerable to it, because they often lack resources (such as cash reserves or lines of credit) to keep them operating during hard times. In this activity, go online to find a company that you think is particularly susceptible to risk. Then, develop a risk profile that describes the nature of those risks.
Step 1: Research a Small Business
Conduct an online search for a small business to study. Note that small businesses typically have fewer than 500 employees. If you already have a small business in mind, you can skip to the next step.
Review the company’s websites, sales literature, competition, and any other online information that you think may be relevant to understanding their risks.
Consider these questions:
Are the risks to the business mostly external, internal, or both?
Does the business operate in a naturally hazardous or heavily regulated industry?
Does the location of the business make it vulnerable?
Do aspects of the business’s operations make it susceptible to people risks?
Does the business operate in a way that leaves it open to technology risks?
Step 2: Create a Risk Profile
The risk profile should identify five risks in priority order. Make a list and number it 1-5.
Next to each number add a title for each risk. For example, if the company has risk associated with a long sales cycles and the problems it creates with cash flow, your title might be: “1. Risk: Long Sales Cycles.” Make sure your risks are numbered in priority order.
Add bullet points beneath each risk that describes the category of the risk, and whether it is internal or external, controllable or not.
Add a last bullet to describes a realistic way of managing the risk.
Note that this prompt is on creating a risk profile. Here is how to do one.
How to create a risk profileCreating a risk profile entails evaluating probable hazards capable of causing damage to a company's operations. Begin by classifying these vulnerabilities according to types- financial, operational, strategic, compliance or reputational hazards before determining their significance in order typically from highest or lowest.
For each threat identified during this classification exercise establish whether it's an internal or external one based on its source but most importantly ascertain whether it's within control or not.
To remain resilient in the midst of evolving business environments, it is imperative for small businesses to conduct periodic reviews and revisions of their risk profiles. By engaging in consistent risk monitoring activities, enterprises can take proactive measures to evade potential hazards and bolster their defences against risks.
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Companies report people to credit agencies if they iffail to pay their bills on time.
• borrow too much money.
•
fail to use
different types of credit.
O use large amounts
of credit at once.
Companies report people to credit agencies if they fail to pay their bills on time. Option A
What is Credit agency?Credit agency are companies that gathers information about creditors.
They help in given detail report of credit facilities that is available to an individual and can determine if an individual is Worthy of been borrowed money.
Therefore,
Companies report people to credit agencies if they fail to pay their bills on time
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Sandhill Company has a $176000 balance in Accounts Receivable and a $496 debit balance in Allowance for Doubtful Accounts at year end just prior to recording adjusting entries. Credit sales for the period totaled $1152000. How much is the amount of the bad debt adjusting entry if Sandhill estimates that 1.5% of its receivables will be uncollectible
The amount of the bad debt adjusting entry after Sandhill estimates that 1.5% of its receivables will be uncollectible will be $3,136.
Total allowance required = Account receivables * 1.5%
Total allowance required = $176,000 * 1.5%
Total allowance required = $2,640
Now, from the question, the allowance for doubtful accounts have a debit balance of $496, so, an adjustment should be made by adding the Allowance required to the debit balance of the allowance account.
Adjusted amount = $2,640 + $496
Adjusted amount = $3,136
Therefore, the amount of the bad debt adjusting entry after Sandhill estimates that 1.5% of its receivables will be uncollectible will be $3,136.
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Lorraine is a professional food critic. After each visit, she evaluates a restaurant on their service, food quality, and atmosphere. What type of quality assessment is this
The type of quality assessment that food critic Lorraine will make on each visit, assessment of the service, food quality and ambience of a restaurant will be based on their experience.
Quality assessment is carried out by collecting data to identify compliance with pre-established standards, such as those defined by Lorraine, regarding service, food and environment.
Therefore, through her on-site experience, she will be able to assess the quality according to her criteria and then share it with the public or in media such as newspapers, magazines and blogs.
The experience of the food critic will influence the public to decide if they want to go to the place and also to the restaurant to improve the quality of their service and products.
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Based on the following data and using a 365-day year:
12/31/Year 1 accounts receivable $100,000
12/31/Year 2 accounts receivable 70,000
For the year ended 12/31/Year 1, sales 1,050,000
For the year ended 12/31/Year 2, sales 1,200,000
A. Compute the accounts receivable turnover.
B. Compute the number of days' sales in receivables for year.
C. The industry average turnover is 20 times during the year, and the number of days' sales in receivables averages 25. How does this situation compare to the industry average?
D. Is it slightly better or slightly worse than the average?
Answer:
A. 14 times
B. 21 days
C. For accounts receivable turnover, the computed 14 days is less than the industry average of 20. For the the number of days' sales in receivables, the computed 21 days is less than the industry average of 25.
D. It is slightly better than the average
Explanation:
Note that the relevant year this question is related is Year 2 which is the latest year. The questions are therefore answer as follows:
A. Compute the accounts receivable turnover.
Average accounts receivable = (12/31/Year 1 accounts receivable + 12/31/Year 2 accounts receivable) / 2 = $100,000 + $70,000 = $85,000
Accounts receivable turnover = Year 2 Sales / Average accounts receivable = $1,200,000 / $85,000 = 14.12, or approximately 14 times
B. Compute the number of days' sales in receivables for year.
Number of days' sales in receivables for year 2 = (Year 2 accounts receivable / Year 2 Sales) * 365 = ($70,000 / $1,200,000) * 365 = 21.29, or approximately 21 days
C. The industry average turnover is 20 times during the year, and the number of days' sales in receivables averages 25. How does this situation compare to the industry average?
The computed accounts receivable turnover of 14 times is less than the industry average turnover of 20 times.
Also, the computed number of days' sales in receivables for year 2 of 21 days is less than the industry average number of days' sales in receivables of 25 days.
D. Is it slightly better or slightly worse than the average?
For accounts receivable turnover, it is slightly better than average as the computed one indicates that the business can 14 times turn its accounts receivable into cash during the year as against 20 times industry average which is higher.
Also for the number of days' sales in receivables for year, it is slightly better than average as the computed one indicates that it takes the business just 21 days to collect cash from his customers on average as against the 25 days industry average which is higher.
Both therefore indicates that It is slightly better than the average.
why are small businesses
important to a
country's economy?
Answer:
Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established.
Explanation: