At the beginning of the current period, Rose Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000 (credit).During the period, it had net credit sales of $800,000 and collections of $763,000.It wrote off as uncollectible accounts receivable of $7,300.However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period.Uncollectible accounts are estimated to total $25,000 at the end of the period.(Omit cost of goods sold entries)Required:(a) Prepare the entries to record sales and collections during the period.(b) Prepare the entry to record the write-off of uncollectible accounts during the period.(c) Prepare the entries to record the recovery of the uncollectible account during the period.(d) Prepare the entry to record bad debt expense for the period.(e) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.

Answer:

Good Guy Foods

The amount that the firm needs to contribute to the fund, assuming that only the interest income is to be distributed is:

d. $1,724,138

Explanation:

a) Data and Calculations:

Distributable Trust Fund = $125,000

Rate of interest or return = 7.25%

The distributable trust fund is a product of total trust fund multiplied by the rate of return.

The total trust fund = $125,000/7.25%

= $125,000/0.0725

= $1,724,138

Check:

7.25% of $1,724,138 = $125,000

b) Good Guy Foods needs to contribute $1,724,138 in funds that will earn 7.25% annually and equal the scholarship amount of $125,000 annually.

Answer:

b or d

Explanation:

because pulling her out might get the problem done faster , but I like ya cut g her could resolve in even more action . um I go with d

Answer:

B

Explanation:

Be a decent human being boys

Answer:

A. 6.0

Explanation:

Answer:

The interest payable to be reported on 31 December 2021 will be of $1000.

Option d is the correct asnwer.

Explanation:

Under the accrual basis or principle of accounting, we match the revenue with the expenses and record the transactions in the period to which they relate to rather than when the cash is paid or received. This means that the interest payment that is accrued for time period relating to this year should be recorded as an expense in the current period and as a liability as it will be paid in the next period. Thus, the interest on the note relating to 2 months from November 2021 to December 2021 will be recorded as follows,

Interest expense = 100000 * 0.06 * 2/12 = 1000

31 Dec 2021

Interest expense    1000 Dr

    Interest Payable     1000 Cr

Answer:

c. $1.048

Explanation:

Assuming face value to be $1000

Semi annual coupon = (10% of 1000) / 2 = 50

Number of periods = 5 * 2 = 10

Semi annual rate = 8.8% / 2 = 4.4%

Current price = Coupon * [1 - 1 / (1 + r)^n] / r + FV / (1 + r)^n

Current price = 50 * [1 - 1 / (1 + 0.044)^10] / 0.044 + 1000 / (1 + 0.044)^10

Current price = 50 * [1 - 0.650122] / 0.044 + 650.122225

Current price = 50 * 7.951768 + 650.122225

Current price = 397.5884 + 650.122225

Current price = 1047.710625

Current price = $1,048

Answer:

When you are reconciling a bank account and you receive an NSF check (non-sufficient funds), you must reverse the collection of the check:

When you received the check the journal entry was:

Dr Cash xyz

    Cr Accounts receivable xyz

If the check bounces, the reversal entry is:

Dr Accounts receivable xyz

    Cr Cash xyz

Answer:

Yes

Explanation:

From the given output

The  Probability of getting 13 or more passed

when the  reliability = 0.35. can be calculated as follows

=0.0258+0.0109+0.0039+.0012+0.0004 = 0.0422   ≈  4.2%

Since the probability is less than the  5% level we will therefore reject the Null hypothesis  

answer : YES

Answer: the contribution plan favours the employer while the defined benefit plan favours the employee

Explanation:

Defined contribution plans is described as a type of retirement plan where the employer, employee or both make contributions on a regular basis. While the defined benefit plan, the employer is responsible for all of the planning and investment risk, where employees are paid benefit based on length of employment and salary history. The employees are more likely to prefer the benefit plan, while the employer would prefer the contribution plan which favours him because of the contribution the employees make

Answer:

c) capture the trend

Explanation:

The exponential smoothing is a forecasting method that is used for a time series and the data i.e. univariate. It could be extended for data support that have the chronological trend

Here in the given situation, if the trend i.e. increased in the data and the above method is used so in the case when the value of the alpha is more it would capture the trend but in the case when the value of the alpha is less so it also capture the demand but the demand is underestimated

Hence, the option c is correct

The exponential smoothing method is a time series forecasting method of the univariate data that is extended to support systematic trends and seasonal components.

Hence the option D is correct.

Learn more about the increasing trend that exists in the data and a single exponential smoothing.

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Answer:

Faceted Coding

Explanation:

Faceted coding system is basically a type of sequential coding. The main difference is that the first letters or numbers of the accounting codes represent different locations, departments, business units, stores, etc.

In this case, the first 1 in 1.101 denotes the Los Angeles office, while the 2 in 2.101 denotes the San Francisco office. Each period (or underscore, etc.) represents a different cost field or category. In this example, the .101 represents cash account.

Answer: A. Disposable income increased by $2,800 million in Year 2.

Explanation:

Disposable income is gotten when the personal current taxes has been deducted from the total personal income of an individual.

Total consumption in year 1 = $56,000 million

Total consumption in year 2 = $60,000 million.

The above shows that there was an increase in total consumption of:

= $60,000 million - $56,000 million

= $4,000 million

From the question, we can also deduce that there's a 0.7 (70/100) change in consumption as a result of a $1 change in disposable income.

Therefore, the increase in the disposable income in year 2 will be:

= $4,000 million × 0.7

= $2,800 million

Therefore, the correct option is A.

Answer: 9050 units

Explanation:

From the information given in the question, the following can be deduced:

Budgeted sales for February = 8,600

Add: Desired ending inventory = 3% × 10100 = 0.3 × 10100 = 3,030

Total needs = 8600 + 3030 = 11630

Less: Beginning inventory = (2,580)

Required production = 9050

The budgeted required production for February is 9050 units

Answer:

Explanation:

All of these needs to be closely coordinated because each department needs the other in order to efficiently fulfill their roles and help the organization grow. Marketing makes sure that a population becomes aware of the organization's products/services but need operations to provide the product. HR management makes sure that all the employees are happy and efficient in order for operations to have the manpower to create the products/services for the organization. Lastly, all of the departments need IT functions in order to receive and input data into the organization's system and communicate with one another.

Answer:

True

Explanation:

The man Alexander Taborrak is a Canadian/American economist. He is a university professor and also a director of research.

The correct answer to this question is true. As he mentioned the importance of innovation and also the importance of creativity and still on the topic, he went on to make the statement that that the best is yet to come as 'innovation ideas are the driving growth of the economy as a whole'.

The term that does not belong to  type of ethics theory is Deontology.

The Bioethics can be regarded as a term that is used in explaining some disciplines such as;

Examples of types of ethic theory are;

Therefore, Deontology does not belong to  type of ethics theory.

Learn more about ethics theory at;

https://brainly.com/question/4207376

Answer: commercialization

Explanation:

Concept testing is the stage at which survey is being carried out for a particular product. This is done in order to know how consumers will accept a new product before such product is finally introduced to the market.

Since the product has passed the concept testing, the next step will be commercialization. This is when the product is then introduced and the business is managed in order to make profit.

Answer:

E) marketing strategy

Explanation:

When a new product is the be introduced to the market there are various stages the it should undergo to ensure it has high quality and is well recieved by the consumer.

The various steps are:

- idea development

- focus group survey

- concept testing

- market strategy development

- product development

- test marketing

- commercialisation

When the new product is confirmed as a viable one marketing strategy development is started to see how product can best be delivered to the consumer

This stage comes after concept testing.

Answer:

B. Its number of shares outstanding is lower

Explanation:

Earnings per share (EPS) = (net income - preferred dividends) / weighted average shares outstanding

there are two ways in which a company's EPS can be higher:

Answer:

a

Explanation:

Answer:

b) the initial value of the forward contract is $0

we must determine the present value of the dividends that the stock is expected to pay in order to determine the forward price:

present value of dividends = ($1 x e⁽⁻⁰°⁰⁸⁾ ⁽⁰°¹⁶⁷⁾) + ($1 x e⁽⁻⁰°⁰⁸⁾ ⁽⁰°⁴¹⁶⁷⁾) = $1.954

forward price = ($50 - $1.954) · e⁽⁰°⁰⁸⁾ ⁽⁰°⁵⁾ = $50.0068 ≈ $50.01

c) again we first determine the present value of the dividends:

present value of dividends = ($1 x e⁽⁻⁰°⁰⁸⁾ ⁽⁰°¹⁶⁷⁾) = $0.9867

forward price = ($48 - $0.9867) · e⁽⁰°⁰⁸⁾ ⁽⁰°²⁵⁾ = $47.963 ≈ $47.96

short forward contract = -[$48 - $0.9867 - ($50.01 · e⁽⁻⁰°⁰⁸⁾ ⁽⁰°²⁵⁾)] = $2.006 ≈ $2.01

a) in order to determine the arbitrage free forward price, the NPV of our forward price must be 0. It is basically the same answer than (b) only that you calculate it in a different order:

$50 = $1.954 + forward price/e⁽⁰°⁰⁸⁾ ⁽⁰°⁵⁾

$48.046 = forward price/(1 + e⁽⁰°⁰⁸⁾ ⁽⁰°⁵⁾

forward price = $48.046 · e⁽⁰°⁰⁸⁾ ⁽⁰°⁵⁾ = $50.006 ≈ $50.01

Answer:

Growth rate  = 7.50%

Explanation:

Given:

Return on investment = 15%

Retention ratio = [1.5 / 3] 100 = 50%

Find:

Growth rate

Computation:

Growth rate  = Return on investment*Retention ratio

Growth rate  = 15% x 50%

Growth rate  = 7.50%

Answer:

D. S&P 500

Explanation:

The market index that is used as a proxy for the portfolio of the market in the Capital Asset Pricing Model (CAPM) is S&P 500. This refers to a broad index of the market that involves the 500 stocks performance listed on the US stock exchange. Also it used for the calculation market weighted so that the value of the index could come

Hence, the correct option is d.

Answer:

11.3%

Explanation:

O'Brien has the following data

rRF= 5%

RPM= 6%

b= 1.10%

Therefore the cost of equity can be calculated as follows.

= 5% + 6%(1.05)

= 5% + 6.3

= 11.3%

Hence the cost of equity is 11.3%

Answer:

King Arthur, right now Avalon's unemployment rate is 12.5% but Avalon's natural rate of unemployment is 14.58%. Therefore, the Avalon economy is currently in a expansion.

Explanation:

Number of Unemployed = Labor force - Employed

Number of Unemployed = 24 - 21

Number of Unemployed = 3

The unemployment rate = (3/24)*100

The unemployment rate = 12.5%

The Natural unemployment rate = Frictional Rate + Structural unemployment Rate

The Natural unemployment rate = [(2+1.5)/24]*100

The Natural unemployment rate = (3.5/24) * 100

The Natural unemployment rate = 14.58%

From the solution, the current unemployment rate less than natural rate,  thus the Avalon economy is currently in a expansion

Answer:

The inventories will decrease and output will increase

Explanation:

Note: The organized question is as attached

Real GDP is 192 billion

They consumes (100 - 22) = 78% of income.

Therefore, the consumption is 78% of 192 billion = 149.76 billion

The Investment is fixed at 67 billion . This implies that aggregate expenditure (AE = C + I) = 149.76 billion  + 67 billion  =  216.76 billion

Since Aggregate expenditure(AE) is greater than Real GDP (Y), It is likely that the inventories will decrease and the firms will produce more so that output will increase.

Answer:

Please see attached solution

Explanation:

a. Cost of goods sold . Detailed explanation attached.

b. Ending inventory. Detailed explanation attached.

Note 1.

Weighted average cost per unit on January 20

= $1,545,000/20,000 units

= $77.5

Note 2

Weighted average cost per unit on January 30

= $948,000/12,000 units

= $79.00

Answer:

C)what customers will pay

Explanation:

Answer:

Pina Corporation

Journal Entries:

Sept 1:

Debit Inventory $16,800

Credit Notes Payable (Pippen) $16,800

To record the issue of a 3-month note payable with interest of 8%

Sept. 30:

Debit Interest Expense on Note ($16,800 * 8%/12) $112

Credit Interest Payable $112

To accrue interest for the note payable.

Oct. 1:

Debit  Equipment (Climbing Wall) $21,600

Credit Notes Payable (Prime Bank) $21,600

To record the issue of a 4-month note, with 9% interest.

Oct. 31:

Debit Interest Expense on Note ($16,800 * 8%/12) $112

Credit Interest Payable $112

To accrue interest for the note payable.

Debit Interest Expense on Note ($21,600 * 9%/12) $162

Credit Interest Payable $162

To accrue interest for the note payable.

Nov. 1:

Debit Vehicles $35,200

Credit Notes Payable $26,400

Credit Cash $8,800

To record the purchase of a vehicle via a 12- month notes payable at 7% interest.

Nov. 30:

Debit Interest Expense on Note ($16,800 * 8%/12) $112

Credit Interest Payable $112

To accrue interest for the note payable.

Debit Interest Expense on Note ($21,600 * 9%/12) $162

Credit Interest Payable $162

To accrue interest for the note payable.

Debit Interest Expense on Note ($35,200 * 7%/12) $205

Credit Interest Payable $205

To accrue interest for the note payable.

Dec. 1:

Debit Notes Payable (Pippen) $16,800

Debit Interest Payable $336

Credit Cash $17,136

To record the payment of Notes to Pippen with interest.

Dec. 31:

Debit Interest Expense on Note ($21,600 * 9%/12) $162

Credit Interest Payable $162

To accrue interest for the note payable.

Debit Interest Expense on Note ($35,200 * 7%/12) $205

Credit Interest Payable $205

To accrue interest for the note payable.

Explanation:

The general journal is used to record transactions as they occur while the general ledger records details about each account and summarizes the balances at the end of the accounting period into the trial balance.  Accounting records are based on the double-entry system and follow the accounting equation of Assets = Liabilities + Equity.  Every business transaction  at Pina Corporation involves two or more accounts.  One or two are debited or credited, as the case may be.  

Answer: d. $25,000 loss

Explanation:

Based on the information given in the question, the amount of gain or loss recognized by Robert on the​ distribution will be gotten by subtracting the liability of $325,000 from the land basis of $300,000. This will be:

= $325,000 - $300,000

= $25,000

This will be a loss since the liability is higher than the asset which is the land basis. Therefore, the amount of loss recognized by Robert on the​ distribution will be $25,000 loss.

The correct option is D.