If the United States-Mexico-Canada Agreement eventually get approved by the legislators in member countries, it will replace the existing North American Free Trade Agreement.
What is the United States-Mexico-Canada Agreement?
The agreement is expected to bring a support of beneficial trade amont members which will lead to free markets, fairer trade, and robust economic growth in the continent.
Hence, the approval of the agreement will lead to replacement of the North American Free Trade Agreement that served almost the same purpose.
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urgent please help!!!!! The Accounts Receivable balance for Company at December 31, 2023 was 29000 . During ,2024 the company earned revenue of 462000 on account and collected 324000 on account. the company wrote off 6000 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 2% of accounts receivable.
A. Assume the company had an unadjusted 2600 credit balance in Allowance for Bad Debts at 31, . Journalize 's the company's December 31, 2024 , adjustment to record bad debts expense using the percent-of-receivables method.
B. Assume the company had an unadjusted 1900 debit balance in Allowance for Bad Debts at December 31, 2024 . Journalize 's the company's December 31, 2024 , adjustment to record bad debts expense using the percent-of-receivables method.
A) The journal entry using the percent-of-receivables method is as follows:
Debit Bad Debts Expense $6,620
Credit Allowance for Uncollectible accounts $6,620
B) The journal entry using the percent-of-receivables method is as follows:
Debit Bad Debts Expense $11,120
Credit Allowance for Uncollectible accounts $11,120
What is the percent-of-receivable method?The percent-of-receivable method is one of the methods for making allowances for uncollectible accounts. Other methods include using an estimated percentage of the sales revenue and aging the accounts receivable
This method uses an estimated percentage of the receivables at the end of the financial period to compute the ending allowance for uncollectible accounts.
Data and Calculations:
December 31, 2023:
Accounts receivable
Beginning balance = $29,000
Revenue for 2024 = 462,000
Cash collected = (324,000)
Accounts written off = (6,000)
Ending balance $161,000
Allowance for uncollecdtible accounts = 2% or $3,220 ($161,000 x 2%)
A) Allowance for uncollectible accounts:
Beginning balance = $2,600 (credit)
Accounts written off (6,000)
Ending balance (3,220)
Bad debts expense = $6,620
Transaction analysisBad Debts Expense $6,620 Allowance for Uncollectible accounts $6,620
B) Allowance for uncollectible accounts:
Beginning balance = ($1,900)
Accounts written off (6,000)
Ending balance (3,220)
Bad debts expense = $11,120
Transaction AnalysisBad Debts Expense $11,120 Allowance for Uncollectible accounts $11,120
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Which best describes why countries establish limits on international trade? choose three answers. to force domestic industries to sell higher quality goods to restrict foreign influence in a sector to restrict importation of a foreign good to lower the price of foreign goods to punish other countries
Answer:
B C E
Explanation:
Answer:
B, C, and E <3
Explanation:
Raleigh BBQ has $48,000 in current assets and $39,000 in current liabilities. Decisions related to these accounts are referred to as:
Assuming Raleigh BBQ has $48,000 in current assets and $39,000 in current liabilities. This refers to as working capital management.
What is Working Capital Management?Working capital management can be defined as the way in which a company or an organization ensures that both their current asset and current liabilities are put in use effectively and efficiently.
A company who make use of working capital management as a strategy will tend to ensure that their liabilities does not exceed their assets so as to maintain the company financial health.
Therefore this refers to as working capital management.
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The most popular forms of ________ advertising are paid search, display (banner) ads, classified ads, and video. Multiple Choice pioneering advocacy television outdoor online
The most popular forms of online advertising are paid search, display (banner) ads.
What is Advertising?Advertising can be referred to as marketing communication strategy used in promotion of goods and services.
However, online advertising remain one of the famous advertising because more people are now having access to Internet on daily basis.
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When there is disagreement among members at the same level of marketing channels, such as when best buy and sears engage in a price war on maytag appliances, ________ channel conflict can occur.
When best buy and sears engage in a price war on maytag appliances, Horizontal channel conflict can occur.
What is Horizontal channel conflict?Horizontal channel conflict can be defined as the type of conflict that arise when their is a conflict or a disagreement among members that are a similar level of a distribution or marketing channel.
Example when two retailers compete against each other or when two producers compete against each other.
Therefore When best buy and sears engage in a price war on maytag appliances, Horizontal channel conflict can occur.
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If there is an increase in the nation’s money supply, the interest rate will.
Answer:
also incrrease
the money supply increase the value of maney decrease
HELPPPP
In order to comply with all hospitality laws, all hotels must have a full-service restaurant on the premises.
A. True
B. False
Answer:
b false this is the answer
True or False - In 2013, less than 83% of people filed their taxes electronically.
true
false
Answer:
false because it was 73 percent
Explanation:
it was 73 percent
Answer:true. Had to retake because of the wrong answer
Explanation:
A retail business, owned by share holders and having centralized decision making for their multiple store locations is called:
O A. Corporation
O B. Franchise
O C. Private company
O D. Independent
A retail business, owned by shareholders and having centralized decision-making for its multiple store locations is called Corporation.
What is Business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
Corporate refers to a group of large enterprises or a specific large company. For corporate clients as opposed to private ones, interest rates are greater.
Both the economy and business earnings are expanding. Corporate refers to a group of large enterprises or a specific large company.
Therefore, The right option (A) is correct.
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When a company listens to a customer, the customer is more likely to be loyal to the business because
Answer: Customers that are listened feel like the company is more concerned with helping them and not just selling something.
Explanation:
Aggregate planners attempt to balance Multiple Choice capacity and demand. capacity and costs. capacity and inventories. demand and costs. demand and inventories.
In the economic world, the aggregate planners are always attempting to balance the capacity and demand.
Who are the aggregate planners?These are economic planners who are involved in the process of planning the overall capacity so that they can respond to predicted demand in a cost-effective manner.
Hence, these aggregate planners are always attempting to balance the capacity and demand.
Therefore, the Option A is correct.
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The first step in strategy implementation involves articulating in simple language what a particular business must do to create or sustain a competitive advantage. This step involves
In the strategy implementation stage, there are certain things done to create and sustain a competitive advantage and this involves the definition of strategic goals.
What is Competitive Advantage?This refers to the business situation whereby a company is able to outperform its competition.
Hence, we can see that when making strategic planning and implementation, there is the planning and making of contingencies for a meeting of set company goals to enhance the competitive advantage.
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A junior-level officer in a company is hoping for a promotion this year. He understands that only his reporting manager can recommend him for the promotion. Therefore, he starts to flatter his manager and praise his efficient operational methods. In the context of attraction, the junior-level officer is most likely exhibiting ________ in this scenario.
According to the given promotion situation, the junior-level officer is most likely exhibiting ingratiation in this scenario. So, ingratiation is the correct answer.
What is ingratiation?Ingratiating is a psychological method in which a person tries to influence someone else by being more pleasant to them.
Flattery, complying with the supervisor's opinion, and giving favors are all examples of ingratiation. Self-promotion entails accepting credit for accomplishments, bragging about accomplishments, and emphasizing links to other influential people.
Here, a Junior-level officer begins to flatter his boss and compliment his effective operating tactics on the exhibition of ingratiation.
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One reason that mark to mark pipettes have helped with biocontainment is:_______.
Answer:
Mark to mark pipettes allow the precision delivery of the required volume of liquids and minimize the need to forcibly expel all of the liquids from a pipette.
Explanation:
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Dodge has identified a hostile attribution bias that reactive aggressors display. In accord with the hostile attribution bias, reactive aggressors are likely to ___________________ hostile intent to a harmdoer when __________________
When someone identified a hostile attribution bias, the reactive aggressors are likely to overattribute hostile intent to a harmdoer when the harmdoer's intent is ambiguous.
What is a hostile attribution bias?
It means the person's tendency to interpret another people's behaviors as having a hostile intent depsite that the behavior is ambiguous or benign.
Hence, in this case of bias, the reactive aggressors are likely to overattribute hostile intent to a harmdoer when the harmdoer's intent is ambiguous.
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Which of these steps is considered the most important when researching and promoting an event?
a) Selecting the best media to reach your target audience
b) Developing your message
c) Defining and analyzing your target audience
d) Establishing your desired end result
The best step to research and promote an even is by Defining and analyzing your target audience.
What is Research?Research refers to some findings or investigations that help to create or portray new knowledge by using formal nowledge in another way so as to develop new concepts, methodologies and understandings. This can include analysis of former researches, thesis and so on.
Therefore, The best step to research and promote an even is by Defining and analyzing your target audience.
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A life insurance policy with a small face amount where the premium may be collected weekly by agents is termed:
A life insurance policy that has a small face amount where the premium may be collected on a weekly basis by agents is termed: industrial life insurance.
What is an industrial life insurance?An industrial life insurance can be defined as a type of life insurance policy that is generally written upon individual lives (insured) with a small face amount where the premium may be collected by insurance agents on a weekly basis.
This ultimately implies that, an industrial life insurance refers to a contract between an insurance company (insurer) and an insurance policyholder (insured) where premiums are payable on a weekly or monthly basis.
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Two types of market models that closely approximate many markets in the real world are.
The Two types of market models that closely approximate many markets in the real world are:
monopolistic competition oligopoly.What are market models?market models are models that describes how market are been runned in an economy.
These involve oligopoly which is a market characterized by a small number of firms who are interdependent in their pricing and output policies.
Conclusively, Monopoly also involves market where a single firm is been favored.
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If the Fed acts to reduce interest rates today, it may take _____ before aggregate demand and economic growth begin to respond significantly.
Answer:
($#8+329832728227827ijssiwhwiw
For each unit of a product, the direct material cost is $10, the direct labor cost is $15, and the manufacturing overhead is $16. The total unit product cost using activity-cased costing is ______.
Based on the direct material, direct labor, and manufacturing overhead, the total unit product cost is $41.
What is the product cost under activity-based costing?This refers to cost of producing a good based on the actual expenses incurred to produce the good.
In this case, it can be found as:
= Direct materials + Direct labor + Manufacturing overhead
Solving gives:
= 10 + 15 + 16
= $41
In conclusion, the total unit product cost is $41.
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A small open economy with a fixed exchange rate e2 is initially at equilibrium A with LM*1 and equilibrium output Y1. If there is an increase in government spending to the new equilibrium will be at _____, holding everything else constant.
If there is an increase in government spending, the new equilibrium will be at B holding everything else constant.
What is government spending?Government spending can be the defined as the money spent on goods and service or money spent by government to provide services to the public.
An increase in government spending will tend to lead to increase the demand of goods and service which inturn means that consumption expenditure will as well increase.
Inconclusion the new equilibrium will be at B holding everything else constant.
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Kosovski company is considering projects s and l, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and are not repeatable. If the decision is made by choosing the project with the higher irr, how much value will be forgone? note that under some conditions choosing projects on the basis of the irr will cause $0. 00 value to be lost.
Based on the cashflows of these projects and the IRR, the project with the higher IRR would be CFS and the value that would be foregone is $12.72.
What are the project IRRs?Using a spreadsheet, you can find the IRR of both projects to be:
CFS = 17.13%
CFL = 13.95%
What are the project NPVs?CFS NPV is:
= 675 / 1.0775 + 650 / 1.0775² - 1,050
= $136.31
CFL NPV is:
= 360 / 1.0775 + 360 / 1.0775² + 360 / 1.0775³ + 360 / 1.0775⁴ - 1,050
= $149.03
The value foregone by picking CFS instead of CFL is:
= 149.03 - 136.31
= $12.72
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Indigo Company is considering an investment which will return a lump sum of $2,610,000 six years from now. What amount should Indigo Company pay for this investment to earn an 11% return
The amount should Indigo Company pay for this investment to earn an 11% return is $1,395,410.
What do you mean by Present value?
The term present value is considered as the current value of a future sum of money regarding the cash flows that are given in a specified period of time.
Solution:
Given Information:
Amount received= $2,610,000Time period=6Return=11%Amount Invested= Amount received*Present value factor pf $1 (11%, 6 years)
Amount Invested=$2,610,000*0.53464
Amount Invested=$1,395,410
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True or false: A potential consequence of an incentive system for factory workers is that workers who are rewarded solely on output, may sacrifice the quality of a product to produce more.
If there is incentive system linked to quantity of output produced then workers will try to produce as much products as they can, compromising on the quality of product.
The statement is True.
Incentive system based on Quantity ProducedThere are different incentive systems in a factory. A worker may get rewarded base don quantity produced.
If this is the case then the worker will try to make more products in minimum possible time which can reduce the quality of those products.
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Planned investment spending is _____ the interest rate because fewer projects are profitable at higher interest rates. greater than positively related to less than inversely related to
The relationship between planned investment and interest rates is that investment spending is inversely related to interest rates.
How are investment spending and interest rates related?Investment spending depends on being able to take loans from financial institutions to sponsor capital projects.
If interests rate are high, there will be less planned investments because the cost of taking a loan will be high. The relationship is there inverse in nature.
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.The Bank of King's Landing has made many loans to the lords of Winterfell. The Bank is considering whether they will benefit or not if the rate of inflation changed. Under which circumstance would the Bank realize an unexpected benefit
The Bank of King's Landing would realize an unexpected benefit when the actual rate of inflation is lower than the expected rate of inflation.
Effect of Change in Inflation Rate on LendingIn monetary economics, when the actual rate of inflation is lower than projected, the lender or bank benefits since it is similar to receiving a bonus.
The lender or the bank, on the other hand, will lose if the rate of inflation is higher than predicted.
As a result, when the actual rate of inflation is lower than the forecast rate of inflation, the Bank of King's Landing will gain unexpectedly.
The reason for this is that the amount they receive will be worth more than they anticipated when they made the loans to the lords of Winterfell.
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Preferred stock ______. Multiple select question. will never be repaid does not pay dividends pays dividends in perpetuity pays a constant dividend
Preferred stock pays dividends in perpetuity and pays a constant dividend.
What is preferred stock?Preferred stock refer to a type of stock that is different from normal stock and offered the owners different ownership rights and it has a higher claim on assets and earnings than common stock
Therefore, Preferred stock pays dividends in perpetuity and pays a constant dividend.
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With a(n) ____ strategy, funds are allocated to bonds with a short term to maturity and bonds with a long term to maturity. Thus, this strategy allocates some funds to achieving a relatively high return and other funds to covering liquidity needs.
Using barbell strategy, funds are allocated to bonds with a short term to maturity and bonds with a long term to maturity.
What Is Barbell Strategy?The barbell strategy is one that explains that the best way to strike a balance between reward and risk is to invest in different high risk and no risk investment.
Therefore, barbell strategy allocates some funds to achieving a relatively high return.
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Budgeting information isMultiple Choiceconfined to managerial decisions.not confined to finances.restricted to dollars.inclusive of forecasting.found strictly in accountin
In accounting, the budgeting information are not confined to finances and are inclusive of forecasting.
What is a budgeting information?This means the information needed in the process of creating a plan to spend the revene of a firmu
The true statement about budgeting information includes that they are not confined to finances and are inclusive of forecasting.
Therefore, the Option B and D is correct.
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Which revision eliminates the pronoun shift in the sentence below? if a student wishes to go on the field trip, they must bring in a permission slip. If a student wishes to go on the field trip, you must bring in a permission slip. If students wish to go on the field trip, he or she must bring in a permission slip. If students wish to go on the field trip, you must bring in your permission slips. If a student wishes to go on the field trip, he or she must bring in a permission slip?
Answer:
D- If a student wishes to go on the field trip, he or she must bring in a permission slip
Explanation:
it's right on edge 2022
The revision that eliminates the pronoun shift in the sentence below is If a student wishes to go on the field trip, he or she must bring in a permission slip. This is further explained below.
What is a permission slip?Generally, A permission slip is simply defined as a form that another institution sends home with a pupil and a parent in which the parent authorizes minors.
In conclusion, a permission slip is required as consent from the guardian.
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