The best choice is b. When the gov't executes a law to boosts the cost of dairy products above the equilibrium, consumer surplus declines.
How is consumer surplus calculated and what does it mean?The economic measurement of a company's excess benefit is called consumer profit, also abbreviated as buyer's surplus. It is determined by examining the discrepancy between the equilibrium price—also known as the price at which consumers are willing to purchase a good—and the price they actually pay.
What exactly are producer surplus and consumer surplus?The difference that a buyer is willing to spend what and they actually spent for a product is referred to as the consumer surplus. The gap between the sale price and also the best deal a provider is willing to accept is known as the producer surplus.
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Refer to the graphs. Which of the following best represents a positive demand shock when prices are inflexible?
A) the shift from D2 to D3 in graph A
B) the shift from D2 to D3 in graph B
C) the shift from D2 to D1 in graph A
D) the shift from D2 to D1 in graph B
The best that is representing a positive demand shock when prices are inflexible is the shift from D2 to D3 in graph B. Thus option (B) is correct.
What is demand?In economics, demand refers to the quantity of a good or service that consumers are willing and able to purchase at a certain price and within a given period.
Demand is often illustrated as a downward sloping curve on a graph, indicating that as the price of a product decreases, the quantity demanded increases, and vice versa.
The shift from D2 to D3 in graph B best represents a positive demand shock when prices are inflexible. Therefore, option (B) is correct.
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During 2021, Sleepy rented his vacation home for 75 days and stayed in his vacation home for 25 days. Gross rental income from the property was $10,850. Sleepy incurred the following expenses: mortgage interest, $6,180; real estate taxes, $2,200; utilities, $1,950; maintenance, $750; and depreciation, $4,000. You might find Chapter 6, Example 38 in the textbook helpful in completing this problem!
Using the IRS’s approach, compute:
(1) Sleepy’s net rent income or loss, showing all calculations (his realized amount).
(2) The amount(s), if any, that Sleepy will report on his Schedule A as an itemized deduction.
(3) Any carryover amounts.
Answer:
(1) Sleepy's net rental income or loss can be computed as follows:
Gross Rental Income = $10,850
Expenses:
Mortgage Interest = $6,180
Real Estate Taxes = $2,200
Utilities = $1,950
Maintenance = $750
Depreciation = $4,000
Total Expenses = $15,080
Net Rental Income/Loss = Gross Rental Income - Total Expenses
= $10,850 - $15,080
= -$4,230
Since the net rental income is negative, Sleepy incurred a loss from renting his vacation home during 2021.
(2) Sleepy can report the following expenses as itemized deductions on his Schedule A:
Mortgage Interest = $6,180
Real Estate Taxes = $2,200
(3) Sleepy cannot carry over the rental loss of $4,230 to the next year because he does not meet the income and participation requirements for real estate professionals.
What is the different between physical hazard and moral hazard
Answer:
A physical hazard is a physical condition that increases the possibility of a loss.
A moral hazard are losses that results from dishonesty and the attitude and conduct of people
Explanation:
it is estimated that consumers are exposed to 6,000 to 10,000 ads every single day in addition to countless news stories, social media posts, and commercial and entertainment programing. to make sense of this information, consumers must select, organize, and interpret this information to create a meaningful picture of the world. selective perception includes three processes: selective exposure, selective comprehension, and selective retention. this activity is important because perception plays an important role in consumer behavior. The goal of this activity is to demonstrate your understanding of selective exposure, selective comprehension, and selective retention Match each scenario to the element of selective perception that it represents Not My Guy New Wheels Selective exposure Selective comprehension Selective retention Recalled Clunker Natural shoes Born to Ride Reset
The goal of this activity is to demonstrate as selective exposure are not my guy & clunker, selective comprehension are recalled & born to ride, selective retention are New Wheels & Natural shoes.
What do you mean by selective exposure?To prevent or decrease cognitive dissonance, people choose to concentrate on information in their surroundings that is consistent with and supports their present views.
Selective retention is the tendency for individuals to retain knowledge that is directly related to their needs, beliefs, interests, and values.
Therefore, the selective perception includes three processes so the goal of this activity is to demonstrate as:
Selective exposure are not my guy & clunker.Selective comprehension are recalled & born to ride.Selective retention are New Wheels & Natural shoes.To know more about the selective exposure, visit:
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based on your understanding of the supply and demand dynamics of user/space markets, the new construction of units would, all else equal, cause which of the following effects?
The new construction of units would, all else equal, cause decrease in equilibrium rental rates and decrease in property value.
What is equilibrium?
When market supply and demand are in harmony, prices become stable. This is known as equilibrium. In general, a surplus of products or services leads to lower prices, which increases demand, while a shortage or undersupply raises prices, which decreases demand. A circumstance in which all factors acting cancel one another out, leaving the environment static or balanced. Any condition in the economy where forces are balanced is referred to as being in economic equilibrium.
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Standard Business Company appeals a decision against it, in favor of Top Flight Corporation, from a lower court to a higher court. Standard is
a. the appellant.
b. the appellee.
c. the defendant.
d. the plaintiff.
Standard Business Company makes a decision against it, in favor of Top Flight Corporation, from a lower court to a higher court. Standard is the appellant. Thus option (a) is correct.
What is a company?A company is a legal entity that is separate and distinct from the individuals who own or manage it. It is typically engaged in a specific type of business activity, like producing and selling goods or providing services.
The companies play an important role in modern economies, generating jobs, creating wealth, and providing goods and services to consumers.
In the above case Standard Business Company appeals from a lower court to a higher court. This means Standard is the appellant.
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d. the expectation that the equilibrium price of auto tires will be lower in the future than it is now: (click to select) .
In the hopes that the equilibrium price of auto tires would drop in the future, businesses are selling their inventory now while the price is still high.
What is supply?The amount of a resource that businesses, producers, workers, providers of financial assets, or other economic agents are willing and able to offer to the market or to a specific person is known as supply in economics.
Supply can refer to manufactured items, labor hours, raw resources, or any other in-demand or pricey item.
Supply is frequently represented graphically as a supply curve, with the amount supplied as a function of price on the horizontal axis and price per unit on the vertical axis.
It is sad yet a common practice to reverse the dependent and independent variables from their customary positions.
So, in the given situation, the supply increases.
Businesses sell their inventories now while the price is still high in the hopes that the equilibrium price of auto tires would decrease in the future.
Therefore, in the hopes that the equilibrium price of auto tires would drop in the future, businesses are selling their inventory now while the price is still high.
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Correct question:
The expectation that the equilibrium price of auto tires will be lower in the future than it is now: Supply _____
Suppose the state of Rhode Island passes a law that increases the tax on beer. As a result, beer consumers who live in Rhode Island start purchasing their beer in surrounding states. Which of the following principles does this best illustrate? a. People respond to incentives, b. Trade can make everyone better off. c. Markets are usually a good way to organize economic activity d. Rational people think at the margin.
The best principle that this scenario illustrates of people in Rhode Island purchasing beer in other states is a. People respond to incentives.
How to describe the principle ?When the tax on beer in Rhode Island is increased, the incentive for beer consumers is to seek out cheaper beer prices in surrounding states.
In other words, the tax increase changes the behavior of beer consumers, who are responding to the incentive of paying less for their beer. This principle is a key concept in economics and is often used to explain how people make decisions based on costs and benefits.
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A firm plans to introduce a new line of products and solicits the help of its suppliers to aid the design of the products. Which of the following supply management goals does this scenario illustrate?
a. Accessing technology and innovation
b. Sourcing
c. supply chain resilience
Accessing technology and innovation are supply management goals in this scenario when a firm plans to introduce a new line of products and solicits the help of its suppliers to aid the design of the products.so option a is correct.
By way of illustration, what is supply management?Supply chain management is the process of coordinating the various processes necessary to produce and provide clients with goods and services. Supply chain activities include, among others, designing, farming, manufacturing, packaging, and transportation. Supply management is the process of locating, procuring, and overseeing the suppliers and resources that are crucial to a company's operations. One aspect of supply management, which is frequently called procurement, is buying the material items, information, services, and other resources required for a business to operate and grow.
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At the end of business on September 1, the total displayed on the cash register tape shows $1,059 of cash sales for the day. However, when th clerk and the supervisor count the cash in the register, the count reveals that $1,050 was actually collected from customers. Complete the following journal entry by selecting the account names and dollar amounts from the drop-down menus Date Account Title Debit Credit Sept. 1
Debit cash for $1,050, debit cash that is over and under by $9, and credit sales for $1,059 .
What happens if the cash over and short account has a credit balance at the conclusion of the term?If there is a credit balance at the end of the quarter, cash short and over should be included in other income. If it had a debit balance, it would be counted as part of other spending types. This account is used to add money to the petty cash fund.
What is it known as when the credit side of a ledger account is more than the debit side?All ledger accounts must be in balance. To balance an account implies to determine the net effect of a transaction, which is the difference between the debit and credit sides of the ledger account. If an account's debit side is higher than its credit side, it is said to have a debit balance.
Sept 1 Cash- (Dr.) 1,050
Cash over and short- (Dr.) 9
Sales- (Cr.0 1,059
Cash over and short = Cash recorded - Actual cash collected = $1,059 - $1,050 = $9
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assume the economy of andersonland is in a long-run equilibrium with full employment. in the short run, nominal wages are fixed. (a) draw a correctly labeled
Changes in aggregate demand would cause output and employment in the Andersonland economy to fluctuate. This would be depicted on a graph with the price level as the vertical axis and real GDP as the horizontal axis.
What is Real GDP?The value of all final goods and services produced within an economy in a given year, adjusted for inflation, is measured by the macroeconomic measure known as Real Gross Domestic Product (Real GDP). It is the value, at constant prices, of all goods and services produced in an economy. It is used to measure a nation's economic growth over time.
The nominal GDP, which is the GDP unadjusted for inflation, is taken into account when calculating real GDP. Real GDP provides a more precise measure of an economy's growth or contraction over time because it eliminates the influence of inflation.
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Societies choose what share of their resources to devote to consumption and what share to devote to investment. Some of these decisions involve private spending; others involve government spending.
a. Describe some forms of private spending that represent consumption, and some forms that represent investment.
b. Describe some forms of government spending that represent consumption, and some forms that represent investment.
Societies decide how much of their resources to invest and how much to dedicate to consumption. These choices affect expenditure in various ways, some of which are private and others public. Indicate whether each type of private spending is for investment or consumption.
What is meant by investment?These are among the top investment choices in India for small investors who want to gain from the expansion of the equities market. Using equity mutual funds, you can start investing in broad portfolios of equity companies with just Rs. 500.An asset or object purchased with the intention of generating income or appreciation is referred to as an investment. A rise in an asset's value over time is referred to as "appreciation." When a person buys a product as an investment, they don't intend to utilize it right away; instead, they plan to use it to make money later on. Buying an item at a low price and selling it for a higher price is the most basic definition of how investing works.To learn more about investment, refer to:
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Which of the following are downsides of private student loans?
Require a credit check
Loans may not be deferred
Borrowers may be required to make interest payments while in school
Most lenders require a credit score of 720, which could require a cosigner
All of the above
The option that are downsides of private student loans is: E. All of the above.
What is private student loans?Private student loans often require a credit check, and many lenders require a credit score of at least 720, which may require a cosigner for many students.
Additionally, loans may not be deferred, meaning that students may need to start making payments while still in school, which can be difficult for those who are still studying full-time.
Finally, borrowers may also be required to make interest payments while in school, which can add to the overall cost of the loan over time.
Therefore the correct option is E.
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The market has grown for products made from recycled items. This has required companies to focus more on
A. green marketing
B. profitable marketing
C. greenwashing
D. wellness marketing
E. healthy marketing
The market has grown for products made from recycled items. This has required companies to focus more on A. green marketing
What is green marketing?Green marketing refers to the process of promoting products or services that are environmentally friendly or sustainable in some way. The goal of green marketing is to appeal to consumers who are interested in protecting the environment and to encourage more sustainable consumption patterns.
Green marketing can involve various strategies, such as promoting the use of recycled materials, reducing the carbon footprint of products, or emphasizing a company's commitment to sustainable practices. It can also involve the use of eco-labels or other certifications that indicate a product's environmental benefits. Overall, green marketing seeks to align a company's products or services with consumers' values and concerns about environmental sustainability.
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your parents will retire in 19 years. they currently have $353,394, and they think they will need $1,609,905 at retirement. assuming they don't save any additional funds, the annual interest rate they must earn to achieve their goal would be %. margin of error for correct responses: /- .03(%).
With a +/- 0.03% error tolerance, the yearly interest rate your parents would need to earn to reach their retirement objective is roughly 3.0047%.
Calculate the annual interest rate they must earn to achieve their goal would be %. margin of error for correct responses: /- .03(%).We may use the present value and future value calculation to determine the annual rate of interest your parents would need to earn to reach their retirement goal:
Future Value is equal to the Present Value times the Annual Interest Rate.
Amount of Years
This formula can be changed to calculate the annual interest rate:
The formula for calculating annual interest is ((Future Value / Current Value)(1/Number of Years)). - 1
By entering the specified values, we obtain:
Yearly Interest Rate is equal to (1/19)(($1,609,905 / $353,394)). - 1
Interest Rate Annualized = 0.030047, or 3.0047%
Hence, with a +/- 0.03% error tolerance, the yearly interest rate your parents would need to earn to reach their retirement objective is roughly 3.0047%.
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You own a food delivery business in a smaller town than DoorDash cares about. But you have just heard about a new competitive service run by some pesky rival from a neighboring town. They are offering similar services but with a membership fee of $40, and a delivery fee of $1 less per delivery. You figure your customers average one delivery per week and if they signed up with the competitor they would be taking a delivery the same day they signed up (52 in total per year). You estimate an opportunity cost of funds of 9% per year (expressed as an effective annual rate).
a) Estimate the present value of the delivery cost savings for an average customer if they wanted a delivery today. (Don't include the membership fee)
b) If the coupon becomes payable at the end of the 52nd week, what is the minimum amount the coupon must be to keep your average customer?
Saucony is considering adding a new item to its Hurricane line of running shoes to increase its product line depth. All options would be acceptable EXCEPT: Selected Answer: inserting an item of a price and performance level that fills a gap between two existing items. inserting an item of a price and performance level that fills a gap between two existing items. Answers: adding a new private-label product. adding a lower-priced item that is still capable of satisfying the needs of some customers. adding a higher-priced shoe with a higher performance level.
Except for introducing an additional private-label product, all alternatives would be acceptable. (Choice b)
What do we mean by a product with a private label?A house brand, also known as a private label or private-label trademark, is a product line sold by one firm in competition with products from other companies. Goods sold under a company's own brand but produced by an outsider known as a private label producer are referred to as "private label." In those other words, the business that markets and sells the product is distinct from the business that really manufactures it. One of the most well-known private label brands in the world is Costco's house brand.
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ou can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $1,700 today and both accounts have an annual interest rate of 6 percent. How much more interest will you receive in the 8th year in the account that pays compound interest?
This procedure is referred to as compounding Let's say we put $1,000 in a bank account with 3% interest that is compounded monthly.
What is the process of compounding?
When you start earning interest on your savings, it starts to earn interest on itself, which is known as compound interest. Interest starts to accrue more quickly and develops at an exponential rate as it increases. Your savings may be dramatically impacted, which is a possibility.
The financial concept of compounding allows time to work in your favour. It occurs when your primary and investment profits are put together, creating a broader base upon which earnings may accumulate. Furthermore, it may expand more quickly as your investment base expands.
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Question 5(Multiple Choice Worth 5 points)
(04.01 LC)
If a company pays dividends to stockholders, the dividends -
Oare taxable
Oare not considered income
O cannot be reinvested
O must be cashed out.
If a company pays dividends to stockholders, the dividends cannot be reinvested. The Option C is correct.
What does dividends means to stockholders?A dividend is a payment made by a company to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and can take the form of cash payments or stock reinvestments.
By exercising their voting rights, shareholders must approve dividends. Despite the fact that stock dividends are less common than cash dividends, they are still a possibility. Different exchange-traded funds (ETFs) and mutual funds also distribute dividends.
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Figure 4-5
Refer to Figure 4-5. Which of the following would cause the demand curve to shift from Demand A to Demand B in the market for golf balls in the United States?
Question 2 options:
a decrease in the price of golf balls
an increase in the price of green fees
an expectation by buyers that their incomes will increase in the very near future
a change in consumer tastes away from golf and toward tennis
C) A belief on the part of buyers that their incomes will rise in the foreseeable future.
What causes a change in the demand curve?The ceteris paribus, or "other things being equal," assumption is one that economists frequently employ. It states that all other variables must remain constant for the analysis's purposes while analyzing the economic effects of a particular event.
Changes in tastes, population, income, the cost of substitute or complementary goods, and expectations regarding future conditions and prices are just a few of the variables that can cause the demand curve for goods and services to shift, resulting in a different quantity being demanded at any given price.
Input prices, weather conditions, technological advancements, and changes in government taxes, laws, or subsidies are a few examples of factors that might affect the supply curve for products and services, resulting in a different quantity being delivered for any given price.
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Give an alphabetical list of manufacturers who have had products sold from June 1, 2015 through June 30, 2015 inclusive. Only show manufacturer names. NOTE: Do NOT use date functions, use date literals to test for the range of dates.
The corrected SQL query to obtain the alphabetical list of manufacturers who have had products sold from June 1, 2015, through June 30, 2015 given below. The SQL command required for scenario is given a follows:
--> SELECT DISTINCT ManufacturerName--> FROM SimplifiedSales--> WHERE SaleDate BETWEEN '2015-06-01' AND '2015-06-30'--> ORDER BY ManufacturerName;How do these SQL query help to select the values?This query selects the distinct ManufacturerName values from the SimplifiedSales table where the SaleDate is between June 1, 2015, and June 30, 2015, inclusive. The ORDER BY clause orders the results alphabetically by ManufacturerName.
It's important to use the DISTINCT keyword to eliminate duplicates, and to ensure that the result is sorted by the specified column to meet the requirements of the question.
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the following table presents statements analyzing policies regarding taxes. classify each of the listed statements as either positive or normative. statement positive normative taxes are too high. in some circumstances, if taxes are lowered, government revenues actually increase. it is immoral for a government to redistribute money from one person to another. when the government increases taxes, rates of tax evasion increase.
The normative statements are 1 and 3 and the positive statements are 2 and 4.
What is a normative statement ?A normative statement expresses a value judgment about the desirability of a situation. Whereas a positive statement is meant to describe the world as it is, a normative statement is meant to talk about the world as it should be. For example, the world would be a better place if the moon were made of green cheese is a normative statement because it expresses a judgment about what ought to be. Normative statements are characterised by the modal verbs such as should, would, could or must.
In economics, normative statements form the basis of normative economics.
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Suppose miss roxanne davenport is 25 years old right now and puts away $1,800 per quarter in an account that returns 6% interest.
The total amount in the account after 65 years is $1182000 as per the given data and the total contribution to the account is $288000.
The given data is as follows:
The present age of Roxanne davenport = 25 years
Money invested in the quarter account = $1,800
Interest rate = 6%
The total number of required years = 65 - 25
years for contribution = 40 years
a. To calculate the total amount in the account after 65 years, the formula used here is:
Total amount = Annuity[((1+r)^n -1) / r]
Total amount = 1800×[((1+0.06/4)^(4 × 40) - 1)/(0.06/4)]
Total amount = 1800 x [(9.82)/ (0.06/4)]
Total amount = 1800 x 656.66
Annuity = $1182000
b. The total contribution to the account =1800 × 4 Quarter × 40 Years
The total amount contribution to the account = $288000
The total amount in the account after 65 years is $1182000 as per the given data and the total contribution to the account is $288000.
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The complete question is-
Suppose miss Roxanne davenport is 25 years old right now and puts away $1,800 per quarter in an account that returns 6% interest.
a. How much will be in the account when she turns 65.
b.What is her total contribution to the account?
Omar found the the dealer's cost of the base price was $16558. 16 and the dealer's options cost was $611. 60. The consumer paid the $475 destination charge. If the percent of the dealer's cost is 92% and the percent of the dealer's options cost is 88%. Find the car's sticker price.
The sticker price of the car is $17,544.76. To find the car's sticker price, we need to add up the dealer's cost, dealer's options cost, and destination charge, and then divide by the percentage of the total cost that is represented by the dealer's cost and options cost.
Let x be the sticker price of the car.
The dealer's cost is 92% of the sticker price, so we can write:
0.92x = 16558.16
Solving for x, we get:
x = 16558.16 / 0.92 = 18007.22
Similarly, the dealer's options cost is 88% of the sticker price, so we can write:
0.88x = 611.60
Solving for x, we get:
x = 611.60 / 0.88 = 695.00
Finally, we add up the dealer's cost, dealer's options cost, and destination charge to get the sticker price:
Sticker price = Dealer's cost + Dealer's options cost + Destination charge
Sticker price = 16558.16 + 611.60 + 475
Sticker price = 17544.76
In conclusion, the sticker price of a car is calculated by adding the dealer's cost of the base price, dealer's options cost, and the destination charge paid by the consumer. To calculate each of these costs, we need to know the percent of the dealer's cost and the percent of the dealer's options cost.
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For his yearly vacation, colton plans to spend $350 on train tickets, $200 on food, $150 on accommodations, and $50 on miscellaneous expenses. How much should colton budget monthly for this vacation?.
The answer is 62.50 dollars, is the amount should Colton budget monthly for this vacation.
Calculation-
In this question, we are tying to find his entire budget. So add everything he has planned to spent, then divide by 12 months.
= 350+ 200+ 150 +50= 750
Divide by 12 months.
= 750/ 12= 62.50$.
What do assets and costs mean?A corporate resource that will be economically advantageous to the company in the future is known as an asset. A resource that the company has already used up during business activities for a certain accounting period is referred to as a cost.
What is a type of expense?The cost expended, or money spent, to produce income for a business is known as a business expense. Store renting, website hosting, staff compensation, loan interest, and supplier payments are examples of expense kinds. The income statement, sometimes referred to as the profit-and-loss statement of a business, reflects these costs.
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at january 1, the blake company had the following accounts on its books: accounts receivable $130,000 debit allowance for doubtful accounts $7,000 credit during the year, credit sales were $850,000 and collections on account were $794,000. the following transactions, among others, occurred during the year: jan.11 wrote off j. wolf's account, $3,000 apr.29 wrote off b. avery's account, $2,000 nov.15 received $1,000 from b. avery to pay a debt that had been written off april 29. this amount is not included in the $794,000 collections. dec.05 wrote off d. wright's account, $2,250 dec.31 in an adjusting entry, recorded the allowance for doubtful accounts at 1% of credit sales for the year. required a. prepare the journal entries to record the credit sales, the collections on account, the transactions, and the adjustment. b. show how accounts receivable and the allowance for doubtful accounts appear on the december 31 balance sheet.
The net realizable value of accounts receivable is calculated by subtracting the allowance for doubtful accounts from the accounts receivable balance.
What is journal entry?A journal entry is the act of keeping or making records of any economic or non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions.
a. Journal entries:
To record credit sales:
Debit Accounts Receivable $850,000
Credit Sales $850,000
To record collections on account:
Debit Cash $794,000
Credit Accounts Receivable $794,000
To write off J. Wolf's account:
Debit Allowance for Doubtful Accounts $3,000
Credit Accounts Receivable $3,000
To write off B. Avery's account:
Debit Allowance for Doubtful Accounts $2,000
Credit Accounts Receivable $2,000
To reinstate B. Avery's account:
Debit Accounts Receivable $1,000
Credit Allowance for Doubtful Accounts $1,000
To write off D. Wright's account:
Debit Allowance for Doubtful Accounts $2,250
Credit Accounts Receivable $2,250
To record the adjusting entry for the allowance for doubtful accounts:
Debit Bad Debt Expense (1% of credit sales = $8,500)
Credit Allowance for Doubtful Accounts $8,500
b. Balance Sheet:
Accounts Receivable: $126,750 ($130,000 - $3,000 - $2,000 - $1,000 - $2,250)
Thus, allowance for Doubtful Accounts: $11,750 ($7,000 + $3,000 + $2,000 + $1,000 - $2,250 + $8,500)
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Penn State Berkey Creamery (PSBC) has a line that produces half-gallon ice cream packs. All the stations in this line are single-machine and the line is nearly balanced. Suppose that PSBC hired you as the production manager to evaluate the performance of the line. You have estimated that the bottleneck rate to be 2,160 packs per 18-hour day and the raw process time to be 27 minutes. The actual production rate of this line is 1,800 packs per day with the average cycle time of 3 hours. (a) Estimate the average WIP for this line: WIP: (b) Compare the performance of this line to the minimum expected performance: THE CTMEN: (c) In maximum three sentences, explain the effect of increasing capacity of a nonbottleneck station on the throughput of the line. Assume that the WIP level stays constant. (d) Suppose that you decide to replace a single-machine workstation with a four-parallel- machine workstation. However, the capacity of the new workstation remains the same. Explain how the throughput may be affected by the new setting: (e) You are also thinking about moving batches of ice cream packs between the workstations. Explain how this strategy may affect the performance of the line instead of moving single packs:
(a) The average WIP for this line can be estimated using Little's Law: WIP = Throughput x Cycle Time. In this case, WIP = 1,800 packs/day x 3 hours/day = 5,400 packs.
(b) The minimum expected performance of this line can be estimated using the CTMEN formula: CTMEN = Raw Process Time / Bottleneck Rate. In this case, CTMEN = 27 minutes / 2,160 packs/day = 0.0125 days/pack. Since the actual cycle time of 3 hours (or 0.125 days) is greater than the CTMEN, this line is performing below the minimum expected performance.
(c) Increasing the capacity of a nonbottleneck station will not have an effect on the throughput of the line as long as the WIP level stays constant. This is because the bottleneck station determines the maximum throughput of the line.
(d) Replacing a single-machine workstation with a four-parallel-machine workstation may not affect the throughput if the capacity of the new workstation remains the same. However, it may reduce the variability in the system and improve the performance of the line.
(e) Moving batches of ice cream packs between the workstations instead of moving single packs may reduce the amount of handling time and improve the performance of the line. However, it may also increase the amount of WIP in the system and potentially create bottlenecks at other stations.
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as part of the annual report for the fiscal year just ended, lara is working on a grid that summarizes the major decisions that the small business for which she works made during the year. as part of her review, she is identifying whether a decision was impacted by factors internal to the company, or external. which of the following does not appear on lara's list of external factors and why? the economy experienced a period of expansion, requiring the company to respond with a scalable system that could handle the additional volume and growth. sales reps requested a more powerful sales analysis report. the firm's closest competitor launched a new sales incentive with which lara's firm needed to compete. congress instituted an internet sales tax.
The sales reps requested a more powerful sales analysis report. Does not appear on Lara's list of external factors. Thus, option (B) is correct.
What is Analysis?The word analysis is referring as, investigation of something complex in order to comprehend it or identify its key elements, all-encompassing research. The managing a thorough analysis of the issue.
As of the term, sales analysis report is referring as, a document that shows trends affecting your sales operations within a specific fundamental quantity. While the collection of sales written report may vary depending on your goal.
Therefore, The right option (B) is correct.
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The Federal Reserve Trading Desk at the New York Fed implements the FOMC policy directive by buying or selling ________ on the over the counter market.
The Federal Reserve Trading Desk at the New York Fed implements the FOMC policy directive by buying or selling U.S. Treasury securities on the over the counter market.
What is Federal Reserve Trading Desk?
In addition to its operating duties, the Open Market Trading Desk (the Desk) of the New York Fed examines international financial markets to assist the Federal Reserve's monetary and financial stability policy objectives.
The Open Market Trading Desk (the Desk) of the New York Fed buys Treasury securities to maintain the Treasury market's efficient operation and promote effective transmission of monetary policy to broader financial circumstances.
Its primary duties include controlling the money supply, establishing interest rates, and overseeing the financial system.
One of the Federal Reserve's most essential responsibilities is to maintain the health of our economy. The Federal Reserve System is charged with two tasks: promoting price stability and maximum employment as economic objectives.
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Company Z is a private limited company in the secondary sector of the economy. It
manufactures components used in the computer industry. They employ 80 production workers
and ten management and administrative staff. The company has just made record profits. The
shareholders are very pleased because they expect to receive high dividends as their share of
profits. The workers' trade union thinks that their members should get a big pay rise. The
directors of Company Z are considering each of these options. Over the past two years the
company's profits have increased by 15% each year.
a Identify any two of Company Z's stakeholders.
b What is meant by 'secondary sector"?
c Identify and explain two features of a private limited company.
d Identify and explain two ways the objectives of a private sector business like Company Z are different from public sector organisations.
e Do you think the directors should use the profits to reward shareholders or to reward workers? Justify your answer.
a. Two stakeholders of Company Z could be its shareholders and employees (represented by the trade union).
b. The secondary sector refers to the part of the economy that is involved in the production of finished goods, typically using raw materials obtained from the primary sector.
c. Two features of a private limited company are limited liability and a restriction on the transfer of shares. Limited liability means that the owners/shareholders are only liable for the company's debts up to the amount they have invested, and their personal assets are not at risk. The restriction on the transfer of shares means that shares in the company cannot be freely bought or sold without the agreement of the other shareholders.
d. Private sector businesses like Company Z are primarily driven by profit and the pursuit of self-interest, while public sector organizations are typically driven by the objective of providing a public service or meeting a specific social need. Private sector businesses are also typically subject to less government regulation and intervention than public sector organizations.
e. This is a subjective question and there is no right or wrong answer. The directors of Company Z will need to consider a range of factors, including the impact on the company's long-term sustainability, the expectations of its shareholders and employees, and the wider social and economic implications of their decision. Ultimately, the directors will need to strike a balance between the different interests of stakeholders, including the shareholders and employees.