The Advantages Of Using The Allowance Method To Account For Bad Debts Include Which Of The Following (2024)

Rose; Fell, A statistical measurement of how many people earn or receive different amounts of income, the distribution of income is just that.

What has changed in the United States' income distribution during the 1970s?

Since the middle of the 1970s, income inequality has gotten progressively worse to the point where 90 percent of the population hasn't really experienced much income growth in real terms for the past 45 years, whereas those at the top of the distribution have experienced much, much faster income growth.

How has the distribution of income changed in the US?

In other words, the top of the income distribution earned 13.53 times as much as the bottom, a rise of 4.9% from 2020. Additionally, the gap between the middle and bottom of the income distribution grew, going from 4.34 in 2020 to 4.52 in 2021, an increase of 4.0%.

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The complete question is:

Data on the distribution of income for the united states show that from 1970 through 2014, the share of income earned by the top quintile ______ , and the share earned by the bottom quintile _______

A management consultant estimates that based on the given equation between the number of hours per day of h and their daily pay of p dollars, when a person do overtime for n hours, they will get an extra $1 in pay is TRUE.

From the case, we know that the relationship between the number of hours per day (h) and the employees' daily pay (p) could be rewritten in the perspective of the number of hours per day such:

40h⁵+4,000,000 = p³

h⁵ = p³ - 4,000,000

40

h⁵ = 1/40 p³ - 100,000

h = (1/40 p³ - 100,000)^(1/5)

When we use derivative method to solve dh/dp, the equation will be derivated based on p. Based on derivative concept, when f is a function of x, hence f'(x) measures the instantaneuos rate of change of f with respect to x. It could be said that f'(x) shows the rate of change of f, when x changes.

Related to the derivative concept, we know that h is the function of p given that the function h is being derivated to p. Hence h'(p) or dh/dp shows any changes in h, when p changes. dh/dp shows the extra hours a person need to work to earn an extra $1 in pay.

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Complete Question:

A management consultant estimates that the number h of hours per day that employees will work and their daily pay of p dollars are related by the equation 40h⁵+4,000,000 = p³. Find dh/dp at p = 20, a person will work for an extra n hours for an extra $1 in pay. T/F

As Vango, inc. bought a new delivery van during the year, the costs that should be expensed as ordinary repairs and maintenance includes:

B. $900 for cleaning the van during the year.D. $100 oil change on van.

What are ordinary repairs and maintenance?

In a company, an ordinary repairs and maintenance refers to those activities that owners or users of fixed assets are obliged to undertake periodically in order to be able to utilize such assets over their expected service lives.

These are the current costs that cannot be avoided if the fixed assets are to continue to be used. But, the owner or user of these assets cannot afford to neglect maintenance and repairs as the expected service life may be drastically shortened otherwise.

A maintenance and repairs cost do not change the fixed asset or its performance, but simply maintain it in good working order or restore it to its previous condition in the event of a breakdown.

Missing options " - $40,000 cost of the van - $900 for cleaning the van during the year - $2,000 paid to install shelves inside the van - $100 oil change on van"

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True, the cost of the annuity can be divided by the total number of payments to determine the exclusion amount for a purchased fixed-term annuity.

The statement is true.

What amount is paid out by a fixed annuity?

Annuities provided an average return of between 3% and 4% at the time this article was written. This means that starting with the year you purchased the annuity, the annuity provider would compound interest on your annuity at a rate of, say, 3% annually.

A wise investment, fixed-term annuities?

For those looking for low risk, lifetime income, and premium protection, fixed annuities make good investments. Another drawback for some may be that a fixed annuity does not provide any inflation protection.

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The revenue is produced by the product of pricing and demand: Sky Eagle's revenue function is RS = 229 PS - 0.60 PS2 + 0.35 PSPH, while Horizon's revenue function is RH = 269 PS + 0.10 PSPH - 0.64 PS2.

Where does the maximum amount of revenue occur?

The point at which revenue is maximized is when marginal revenue is equal to 0. It happens in our situation when the 6 qty are sold. At this moment, total revenue is likewise high. After this moment, even if the quantity sold is increased, the revenue will not be at its highest.

The variables mentioned are;

DS = 229 - 0.60 PS + 0.35 PH is the demand function for the Sky Eagle.

The DH = 269 + 0.10 PS - 0.64 PH demand function for the Horizon

The quantity demanded is given by the aforementioned demand functions: Consequently, the following is the revenue function, which is obtained by multiplying the price by the demand function:

RS = PS * DS = PS * (229 - 0.60·PS + 0.35·PH) is equal to 229·PS - 0.60·PS² + 0.35·PS·PH

The revenue for Sky Eagle RS is calculated as follows: 229PS - 0.60PS2 + 0.35PSPH; Following are the revenue figures for Horizon:

The maximize revenue for Horizon, RH = 269·PH + 0.10·PS·PH - 0.64·PH².

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Channel conflict was not mentioned in the textbook as a day-to-day problem of building a business. Thus, the correct option is (B) Channel conflict.

What is the meaning of Channel conflict?

Channel conflict occurs when manufacturers offer their products directly to customers using general marketing means and/or the Internet, bypassing their channel partners such as distributors, retailers, dealers, and sales reps. When there is overproduction, channel conflict might arise. As a result, there is an excess of products. Newer product versions, changes in trends, wholesaler and retailer bankruptcies, and the distribution of defective items all have an impact on channel conflict. In this regard, a company's stock clearing plan is critical.

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It enables the assessment of the cost of products sold after each sale in a perpetual inventory system. Thus, the correct option is (a) It allows for the determination of the cost of goods sold after each sale.

What exactly is a perpetual inventory system?

A perpetual inventory system, also known as a continuous inventory system, is an inventory system in which information on inventory amount and availability is updated on a continuous/real-time basis as a result of doing business. Most of the time, this is accomplished by connecting the inventory system to order entry and, in the case of retail, the point of sale system. Book inventory would be equal to, or nearly equivalent to, real inventory in this case.

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The service contract act was enacted to protect economies in the geographical areas where the contract is performed. The correct statement pertaining to the Service Contract Act is "The department of Labor is responsible for the enforcement of the Service contract act." Option (d) is correct.

What do you mean by Contract?

A legally enforceable agreement between two or more parties known as a contract establishes, clarifies, and regulates the parties' respective rights and obligations.

Every agreement made by the United States or the District of Columbia with the primary aim of providing services in the US using service personnel is covered by the Service Contract Act.

Therefore, Option (d) is correct. The correct statement pertaining to the Service Contract Act is "The department of Labor is responsible for the enforcement of the Service contract act."

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$3,803.97 The amount that he will receive every year for 10 years. Round to the nearest cent.

Deposits? What do you mean?

When we add money to your bank account, you make a deposit. You should deposit funds in a bank in order to accumulate savings and earn interest. A request bank is made for money with which you can withdrawal at any time. A deposit free is a long-term investment. You could also put up a deposit in exchange for the loan as collateral.

FV=PV(1+r)n

r= Interest Rate per annum

N= Period=Number of years

For Eg: Let Say We have Rs. 100, Interest rate or Inflation Rate(Technically Known as Discounting Rate)=10%, Year=1

Future Value = 100(1+10/100)1

Future Value= 100(1.1)=110

If We want to know value of money after 2 Years,

Future Value = 100(1+10/100)2

Future Value= 100(1.1)2

Future Value= 100(1.21)=121

Describe a deposit example:

An amount maintained in such a bank account is known as a deposit. Demand deposits and fixed deposit are the two categories of deposits.

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These memories about cultural heroes and events are one of the chief characteristics of an age cohort.

What does a cohort mean?

A cohort is a group of people who have similar demographic traits or life experiences, such as age but not exclusively. Cohort effects are typically masked by age in cross-sectional research. Cohorts can be, for instance: individuals who had children in the same year. People who retire simultaneously.

What characteristics do cohort studyhave?

The distinguishing characteristic of a cohort study is that the researcher selects participants at a time when they do not yet have the desired outcome and examines the occurrence of the desired outcome between groups of exposed and unexposed (or less exposed) people.

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The salesperson determines that the damage happened during the packaging process, so Nike returns the product and issues a refund to deal with the issue.

What does it mean to be a salesperson and what it do?

A salesman or saleswoman is a person whose job it is to sell goods or services within a specific territory, at a store, or over the phone. Simply put, a salesperson builds a company's reputation while promoting its products or services. From the initial lead outreach to the actual purchase, they manage customer relationships and act as the primary point of contact.

What are main duties of salesperson and type of job is it?

Using persuasion to sell products and services to prospective customers. Examining the advantages and disadvantages of present and prospective clients. Maintaining productive business relationships to ensure future sales.

A sales position entails attempting to persuade clients to purchase a good or service. People who want to work in sales have a variety of job options available to them because many businesses rely on salespeople to market their products and services.

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At least two vaporous, fluid, or strong parts should be blended consistently across a hom*ogenous combination.

What is a hom*ogenous combination?

A hom*ogenous blend is one whose parts are equitably circulated all through the whole arrangement, whose creation is consistent, and which gives off an impression of being a solitary substance.

Models: A uniform mix of gases makes up air. A hom*ogenous combination of table salt and water is known as a salt arrangement.

The flavorings, water, and sugar might meet up synthetically to create an answer, however, the carbon dioxide bubbles are not scattered similarly all through the fluid.

Hence, the hom*ogenous combination best depicts a Cold drink.

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The purpose of a grant proposal is to secure financing from organizations that champion deserving causes.

What characteristics distinguish a strong grant application?

A good grant application should be persuasive, straightforward, and brief. Be sure to provide the donor enough information so that they can understand your proposal and see that you've given it some thought, but avoid being overly verbose. Additionally, the story you include in your grant application should help the sponsor understand your initiative.

What does a grant serve as?

Your ideas and initiatives to offer public services and boost the economy can be funded by the government through grants. Grants fund numerous programs included in the Catalog for Federal Domestic Assistance, including innovative research projects, crucial recovery measures, and others (CFDA).

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$572,045 cost basis,

computed as follows:

Purchase price $565,000

Improvements 6,300

Legal fees 745

The cost basis for the building is $572,045

improvement is the technique of aspect transferring from one country to a state considered to be higher, usually via a few motions supposed to bring about that higher kingdom. The concept of development is crucial to governments and corporations, as well as to people. The time period of "improvement" in a preferred manner is "sluggish, piecemeal, however cumulative betterment", which can discuss with both people and societies as an entire.

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a) Gross profit is 49% off Sales (2108600-2415000*51%) = 876950

b) Gross profit is 60% of Cost (2108600-1509375) = 599225

c) Gross profit is 38% off Sales (2108600-2415000*62%) = 611300

d) Gross profit is 25% of Cost (2108600-1932000) = 176600

Gross profit is the distinction between revenue and price of products sold (COGS), divided by sales. Gross margin is expressed as a percent. usually, it is calculated as the promoting charge of an object, much less the value of products offered (e. g. production or acquisition costs, no longer such as indirect fixed prices like office prices, hire, or administrative prices), then divided by the identical selling charge. "Gross margin" is regularly used interchangeably with "gross profit", but the phrases are specific: "gross profit" is technically an absolute monetary quantity, and "gross margin" is technically a percentage or ratio.

A gross margin is a form of profit margin, especially a form of profit divided by net revenue, e. g., gross (profit) margin, running (income) margin, net (profit) margin, and many others.

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The basic goal of economics is option C: address the scarcity problem created because the population's desire for goods exceeds the ability to produce them.

The option that is true regarding Kelly is option c. Lawrence should be hired at the $20 per hour wage rate.

What is the economy about?

Price stability, economic growth that outpaces population growth, low resource unemployment, and equitable wealth and income distribution are the four basic economic objectives. Each country will make an effort to use its government to achieve this economic objective.

Maximizing the standard of living and achieving steady economic growth are the overarching objectives of macroeconomics. The goals are backed up by other objectives including reducing unemployment, boosting productivity, and reducing inflation, among others.

Therefore, Economic development aims to raise the absolute level of per capita incomes in order to raise the material standards of living. The governments of all emerging nations have indicated that one of their goals for policy is to increase per capita incomes.

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Answer: depreciated and so buys fewer Thai goods.

Explanation:

If exchange rate changes from 41 Thai bhat per dollar -35 Thai bhat per dollar, then dollar has depreciated and buys fewer Thai goods. The appropriate response is option D.

What is exchange rate?

The rate during which one currency can be exchanged for another is known as the exchange rate. Some exchange rates are linked or fixed to the value of a particular country's currency, however most exchange rates are floating and will increase or decrease depending on market supply and demand.

A currency's value declines when compared to other currencies, which is known as currency depreciation. Political unrest, interest rate differences, weak economic fundamentals, and investor risk aversion are a few examples of the causes of currency devaluation.

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Maxie’s would enter $4,400 in the Accounts Receivable Dr/Sales Cr. column and $3,500 in the Cost of Goods Sold Dr/Inventory Cr. column.

Money owed to a business in the near future is represented by the asset account known as accounts receivable (AR) on the balance sheet.When a business permits a customer to pay on credit for its goods or services, accounts receivable are produced.Accounts payable are similar to accounts receivable, but they represent money that is owed as opposed to money that will be received.The accounts receivable turnover ratio or days sales outstanding can be used to determine the strength of a company's AR.It is possible to conduct a turnover ratio analysis to determine when the AR will actually be received.The term "accounts receivable" refers to any unpaid invoices or cash that a business is owed by customers.

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The reason one discounts future cash flows as part of the absolute valuation process is Future profits are uncertain.

Realizes absolute value by discounting a company's projected cash flows to their present value. A company's absolute value helps investors determine whether the company's stock price is undervalued or overvalued. Estimating long-term future cash flows is the most difficult step in the absolute valuation process.

In doing so assumptions are made to predict the future performance of the stock. It is used to reflect the time value of money because the money received in the future is less valuable than money received today. Discount rates are also used to calculate the present value of a project or investment. It is the total present value of cash flows from a project or investment.

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The essential rule that makers utilize to figure out what blend of work and capital conveys yield at the least expense is cost minimization. Cost minimization is the primary guiding principle that producers use to determine which combination of labor and capital produces the most output at the lowest cost.

a) Because the total cost less the variable cost, the fixed cost is $300.

At a result of nothing, the main expenses are fixed expenses.

B) The change in total cost for each additional output unit is equal to marginal cost. Additionally, it is equivalent to the variation in variable cost for each additional output unit. As the quantity changes, the fixed cost does not change, so total cost equals the sum of variable cost and fixed cost. As a result, the increase in variable cost is proportional to the increase in total cost as quantity increases.

What is the formula for reducing costs?

The marginal product of capital is equal to the marginal product of labor divided by the rental price of capital in the cost minimization formula.

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Underwriting is the process through which insurers evaluate the risks associated with insuring your small business. It comprises the insurance provider analyzing the risk that your business poses and, if so, setting an acceptable price for your coverage.

What kind of protection does a commercial general liability policy offer?

A business is covered by a commercial general liability (CGL) insurance policy in the event of physical harm, personal injury, or property damage resulting from operations, products, or accidents that take place on the business's property.

How can I become a competent commercial underwriter?

You need to have a working understanding of reinsurance and the ability to think analytically to succeed as a commercial underwriter. In the end, a top-notch commercial underwriter must possess exceptional investigative abilities and be a voracious researcher.

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(a) Roseland provides a note with terms of $700,000, 90 days, and 8% in exchange for a loan.

$700,000 × 8% x (90/360) Equals $14,000 in interest costs.

Roseland would note the following upon issuance:

Credit Notes Payable offsets Debit Cash by $70,000.

When Roseland repays the face value and interest at maturity: Credit Cash 714,000; debit Notes Payable 700,000; debit Interest Expense 14, 000.

(a) The entries refer to notes receivable and interest revenue in CorpOne's eyes. When the note is issued, CorpOne receives it and lends $700,000. This loan would be reported.

Debit 700,000 in Notes Due; Credit 700,000 in Cash

Following receipt of the payment at maturity, CorpOne will categorise the interest income it has raked in over the previous 90 days as follows:

Debit Cash 714 000, credit Notes Receivable 700 000, and credit Interest income 14,000

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florian, a customer relations specialist at a clothing company, is writing a letter refusing a customer request to replace, free of charge, a box of shirts that the customer spilled ink on. considering this, florian should begin his letter negotiation.

Negotiation is a talk among two or extra humans or events to attain the preferred final results concerning one or greater troubles of warfare. it's miles an interaction between entities who aspire to agree on topics of mutual hobby.[1] The settlement may be useful for all or a number of the parties worried. The negotiators ought to establish their own want and desires even as additionally searching for to recognize the wants and needs of others involved to boom their chances of closing deals, keeping off conflicts, forming relationships with other events, or maximizing mutual gains.

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Answer:

Accountant User

Explanation:

Accountant User user has access to the Voided/deleted transactions tool. Thus option C is correct.

What is Voided/deleted transactions tool?

Voiding retains a document of the transaction in your records while lowering the amount of the check to zero. On the other hand hand, deletion completely deletes the activity from QuickBooks. The prepaid bill(s) also revert to an overdue status as a result of this.

It won't have an impact on your checking accounts or reports when you nullify a transaction in Bookkeeping, but you will still have a copy of the transaction. In QuickBooks, when you remove a transaction, it's fully gone from your records and won't show up in any reporting or categories.

Even if a multi-user net can be set up, each license only allows three individuals to view the industry's files. Therefore, option C is the correct option.

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Infomercials are more popular since they may be both useful and entertaining, and often the cost of broadcasting of a 30-minute block of television time is inexpensive.

What do you call the kind of media that grabs people's attention and advertises a company or thought product?

In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often intended to promote a certain commodity or service, but there are wide range of purposes, the most popular being the commercial advertisem*nt.

What do you mean by advertising ?

Advertising is a means of communication with the users of a product or service. Advertisem*nts are messages paid for by those who send them and are intended to inform and persuade peoplewho receive them, as defined by the Advertising Association of the UK.

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A function that is not performed as a key function of marketing channels is B . Manufacturing .

What are marketing channels for?

Marketing channels are used by a company in several ways such as helping to complete transactions between the company and its customers or suppliers . These channels also help with contact work to reach out to stakeholders .

Marketing channels also have the key function of helping to fulfill completed transactions . Manufacturing falls under another part of the company so is not a key function of marketing channels .

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A company's accounting profit is determined by deducting its costs from all of its revenues, opportunity cost excluded. As a result, choice (A) is a proper approach.

What is accounting profit?

Accounting profit is the amount of money that is still available after all direct operating expenses have been paid. Explicit costs consist of labor, inventory needed for manufacturing, raw materials, production, sales, and marketing expenses.

Accounting profit is distinct from economic profit in that it solely accounts for the money that a company spends and the money that it brings in. The impact of nonrecurring items is also eliminated in underlying profit, which is distinct from accounting profit.

Hence, option (A) is accurate.

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Your question is incomplete, probably the complete question is-

An _________________ is calculated by subtracting the firm's costs from its total revenues, _______________________.

The following assertion there will always be a net profit superior than income.

What is income and example?

Income is the cash that a person or organization receives in return for working, providing a good or service, or using capital. People normally make money through wages or salaries, whereas corporations make money by selling products or services for more than it costs to produce them.

What are income types?

These three basic kinds of income are earned, passive, and portfolio. Salary, tips, commissions, or earnings are all examples of earned money. Potential inactive and earned sources of income include limited partnerships, rental properties, and royalties. Capital gains on securities, dividends, and income are all examples for portfolio or capital gain.

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Answer:

C. Greater than

According to Title VII, an employer must respect an employee's honestly held religious convictions, including their right to practice their religion openly at work, to the degree that doing so won't pose an excessive burden on the company's operations.

What are the religious practices of employees?

The legislation compels an employer or other covered organization to make a reasonable effort to respect an employee's religious practices or beliefs, unless doing so would significantly impair the company's ability to do business.

Generally, An employer is required by Title VII to make reasonable accommodations for an employee's sincerely held religious beliefs, which may include allowing the employee to engage in religious expression while at work, to the extent that the employee is able to do so without creating an undue hardship for the operation of the business.

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sum = 0;

for(j = 0; j < 10; j++)

sum = sum + sale[j][3], (Option D)

What is Java?

Sun Microsystems first introduced Java in 1995 as a programming language and computing platform. By offering the dependable infrastructure on which many services and apps are built, it has grown from modest beginnings to power a significant portion of the digital world of today.

What is an array in Example?

A variable with many value storage spaces is called an array. For instance, you can make an array if you need to store 100 integers. 100; int data;

Use a comma-separated list enclosed in curly brackets to add values to it: my Numbers[] int = 25, 50, 75, 100; Now that we've made a variable, it can store an array of four numbers.

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