Knelling Company reported a balance in Accounts Receivable of $50,000 and a credit balance of $3,000 in the Allowance for Doubtful Accounts. The company’s aging of accounts receivable determined $12,000 to be uncollectible. Prepare the end-of-period adjusting entry to record bad debit expence.

Answer: income effect of a price change.

Explanation: The income effect is known as the effect on real income when price changes, it can however be positive or negative. The income effect expresses the impact of increased purchasing power on consumption.

In this scenario, spending $10 for lunch, and you would like to purchase two cheeseburgers. When you get to the restaurant, you find out the price for cheeseburger has increased from $5 to $6, so you decide to purchase just one cheeseburger, this scenario best illustrates the income effect of a price change.

The decrease in consumption due to the rise in the price of cheeseburgers represents the income effect of a price change. This is a result of reduced purchasing power caused by the price increase.

In this scenario, your decision to purchase only one cheeseburger due to the increase in price is best described as B. the income effect of a price change. This is because the income effect describes the change in consumption resulting from a change in real income. In this case, an increase in the price of the cheeseburger effectively reduces your buying power for this particular meal, thus diminishing your consumption from two cheeseburgers to one.

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A company that follows the Focus Differentiation strategy differentiates its product in some way, such as by recognizing different segments or offering different products to each segment.

Option: B

Explanation:

Differentiation concentrate is a methodology to strategic advantage in which a business seeks to outperform its rivals by selling a product considered by customers to be preferable to that of opponents if its price is higher; in pursuing a differentiation focus strategy, the business focuses on limited market penetration, aiming only to capture a small, targeted audience.

For an instance, sugar free ice-cream business is targeting diet concern audiences, because as per current situation their are many countries, where Diabetes is the most popular diseases people are carrying, thus in such case this product is fruitful on launching in market.  

pension expense may be greater than, equal to, or less than the amount funded.

Answer: Option B.

Explanation:

Pension expense is the expense that a trustee has to bear to give pensions and other offerings to the people who have retired from the services which they were offering.

The amount that the trustee will get in the form of amount funded does not necessarily be the same amount as the expenses of the cash given in the form of pension. It can be greater than equal to or even lesser than the expenses made.

Answer: A. will be enforced because Ben exercised forbearance, which is legally sufficient consideration.

Explanation: Forbearance can be defined as refraining from doing something that one has a legal right to do or a delay in enforcing a legal right.

From the above question Jackie will be enforced to pay the agreed $1000 to Ben because Ben deliberately delayed his legal right to go skydiving for six months.

Answer: C. Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Explanation:

Ahrens will respond aggressively because of the high multimarket contact between Hilliard and Ahrens.

Ahrens Vitamins and Hilliard Pharmaceuticals have high Market commonality. They operate in the same geographical area and their target market is the same, meaning an increase in Profits for Hilliard Pharmaceuticals is a decrease in profits for Ahrens Vitamins, an attack from Hilliard will ave severe consequences for Ahrens Pharmaceuticals as they compete for the same target market.

Ahrens Vitamins will have to respond aggressively to attacks from Hilliard Pharmaceuticals in order to maintain their position in the market  

Answer:

A. True

Explanation:

If the brands do not have any actual or perceptual differences, then, the brands do not have any determinant differences and are essentially the same.

For example, if two competing firms offer the same kind of milk, and the branding of the box is similar, and customers believe that both brands are perfect substitutes for each other (they feel that is the same to buy either one or the other), then, the two milk brands do not have any determinant differences.

Answer: Indirect competition.

Explanation:

The new gourmet store that opened close to my existing business would perform the function of indirect competition, and would actively drag customers with my restaurant business. An indirect competition is a form of business competition in which similar products can be used to meet a need by consumers.

Answer:

Indirect competition.

Explanation:

Indirect competition is the conflict between vendors whose products or services are not the same but that could satisfy the same consumer need.

Like in the question a high-end restaurant competing for the business of well heeled diners and ther comes a gourmet takeout store they arent necessarily doing the same thing but they both can satisfy the same consumer need so this will increase indirect competition

Answer:

The correct answer is Intranet.

Explanation:

An Intranet is a digital platform whose objective is to assist workers in generating value for the company, making available assets such as content, files, business processes and tools; facilitating collaboration and communication between people and teams.

The internal website that Emily is hired to create is the company's internal communication platform or intranet. This can also feature their code of ethics, promoting business ethics within the organization.

In the given scenario, Emily, a website designer, was hired to create an internal website for a company. This internal website that is meant to be accessed solely by employees serves as the company's internal communication platform or intranet.

Businesses often use intranets to store important information in a central place where employees can access it. The site can include various sections such as company policies, news, updates, schedules, and more. The site could also house the company's code of ethics, which governs what actions are permissible within the organization.

Considering the aspects of business ethics, organizations use these internal platforms to ensure that their operations and members align with the set laws and regulations, as well as the company's values.

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Answer:

The bond should sell for a price of $59.74 today.

Explanation:

Zero Coupon Bond is a bond which does not offer any interest payment but it is issued at deep discount amount from the face value of the bond.

Price of Zero Coupon Bond = [tex]\frac{F}{( 1 + r )^t}[/tex]

F = Face / Par Value of Bond = $1,000

r = rate of interest = 11%

n = number of years = 27 years

Price of Bond =  [tex]\frac{1000}{( 1 + 0.11)^27}[/tex]

Price of Bond = $59.74

As Zero coupon bond does not offer any discount so, it is valued much below the par value.

Final answer:

The zero-coupon bond with a yield to maturity of 11% and a par value of $1,000 that matures in 27 years should sell for approximately $118.37 today.

Explanation:

To find the price of a zero-coupon bond that has a yield to maturity of 11% and matures in 27 years, we need to calculate the present value of the bond's par value, which we assume will be repaid at the end of 27 years. Since this is a zero-coupon bond, it pays no interest until maturity, at which point the par value is repaid. The present value can be calculated by using the formula PV = FV / (1 + r)^n, where PV is the present value, FV is the future value (or par value), r is the yield to maturity (expressed as a decimal), and n is the number of years until maturity.

Using this formula, we have:

PV = 1000 / (1 + 0.11)^27

After calculating this, we get:

PV = 1000 / (1 + 0.11)^27 = 1000 / (1.11)^27 \<\/\= 1000 / (8.4457) \<\/\= approximately $118.37

Therefore, the bond should sell for around $118.37 today.

In GDP calculations, the payments by Leandro for a new house and Whole Foods for a new building would be included in gross investment as residential fixed investment and business fixed investment respectively. However, Sarah's purchase of a new laptop for her children wouldn't be considered an investment, but rather as consumer spending.

In calculating GDP, the Gross Domestic Product, by means of expenditure method, it primarily consists of Consumer spending (C), Investment (I), Government spending (G), and Net exports (NX). The term 'Gross investment' often appears, representing all investments made by business/consumers within a given period.

a. When Leandro hires a contractor to construct a new house, it will be included in gross investment as a residential fixed investment. This is so because expenses on new housing by consumers account as private residential investment.

b. Whole Foods' acquisition of a new building would also be included in gross investment, but it falls under the category of business fixed investment. This counts as an investment in constructions by firms/businesses.

c. Finally, when Sarah gets a new computer for her kids, it would not fall under the category of gross investment. It is rather included under consumer spending.

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Transaction a is included in gross investment as residential fixed investment. Transaction b is included in gross investment as business fixed investment. For each transaction transaction c is a consumption, not an investment, thus doesn't come under gross investment.

For each transaction given:

b. The purchase of a new building by Whole Foods would be included in gross investment as business fixed investment.When Sarah buys a new computer for her kids, it would be included in gross investment as business fixed investment.

c. When Sarah buys a new computer for her kids, it would be included in gross investment as business fixed investment.

Gross Domestic Product (GDP) counts final sales of goods and services, but includes investments (both residential and business) as these production activities contribute to the creation of goods and services within a country.

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Answer:

C.

Explanation:

Based on the information provided within the question it can be said that the best and most efficient possible way to achieve this would be to create a new user group named Payroll, put Megan in the group, and assign the group read/write permissions to the Payroll folder. This would give only Megan access to the folder and allow her to both view and change the contents of that folder as she needs to.

Final answer:

To ensure only Megan can access the Payroll subfolder, one must create it within the Financial folder and set the file and directory permissions specifically for her, using system commands or settings to give her exclusive read, write, and execute access, while maintaining traverse permissions for the Accounting group on parent directories.

Explanation:

To correctly configure the new Payroll subfolder under the Financial folder and ensure that only Megan, the payroll officer, has access to it, the best course of action is to use file and directory permissions. Since the Accounting group already has access to the Financial folder, care must be taken to limit the access to the Payroll subfolder.

Firstly, create the Payroll subfolder within the Financial folder. Secondly, set the permissions of the Payroll folder such that only Megan has read, write, and execute permissions. This can typically be done using the chmod and chown commands on Linux systems, or through the properties settings on a Windows system. If Megan is not already part of a distinct group, create one for her or simply set the permissions for her user specifically.

Ensure that the parent folders have at least execute permissions (x) for the Accounting group, so that the file system hierarchy allows traversal to the Payroll subfolder, but restrict the read and write permissions to Megan alone. This arrangement is analogous to having dedicated access controls on directories and files, structured to separate and protect sensitive data appropriately.

Answer:

A. Diversification

Explanation:

Answer: Fixed-position layouts

Explanation: Fixed-position layouts are employed to assemble large, bulky, or fragile products to safely and effectively transferred them to a particular site for completion. E.g Assembling of an airplane. furthermore, personnel, supplies, and equipment are brought to the location where the product will be assembled. In involves ensuring that all the right people, equipment, and materials arrive on time and this is a challenging tasks when using fixed-position layouts.

Colgate is pursuing market penetration by encouraging customers to brush more often by taking their toothbrush and toothpaste to work.

Colgate is pursuing the market opportunity of increasing customer usage frequency by encouraging them to take their toothbrush and toothpaste to work ,, which falls under market penetration strategy.

Answer:

The​ cross-price elasticity of demand between pepper and salt is  -0.10 ​

In this​ example, pepper and salt are complements  

​Instead, suppose pepper and salt were substitutes.

If​ so, then the​ cross-price elasticity of demand between prepper and salt would be: positive

Explanation:

The cross-price elasticity of demand will determinate how the effect of a complement or substitute prices impact on another good.

ΔQx / ΔPy = cross-price elasticity

(change in price of good X dividied by the change in price of good Y)

-0.02 / 0.20 = -0.1

They will be complement as the increase in price decrease the demand of the other good thus, the consumer uses these goods mutually not exclusively.

When positive, the goods are substitutes they compete among each other. Hence, price and quality variation moves consumers from one market into another (from salt to pepper or viceversa) when the price rises in one of them

Answer:

-0.1 %

Complements

Positive

Explanation:

The cross price elasticity of demand can be calculated by:

Cross-price elasticity of demand = %change in quantity demanded / %change in price

Cross-price elasticity of demand = -2/ 20 = -1/10 = -0.1 %

The​ cross-price elasticity of demand between pepper and salt is 0.1 %

In this​ example, pepper and salt are complements which means when the price of salt increases than there will be a decrease in the demand of pepper.

if pepper and salt were substitutes then cross-price elasticity of demand between pepper and salt would be positive since when two goods are substitutes then an increase in the price of x, causes an increase in the demand of y.

Answer:

brand equity

Explanation:

Brand equity refers to the commercial value added to one product or service by the customer's perception of its brand. Some brands have a higher brand equity and customers perceive them as high quality or luxury products, e.g. Mercedes Benz or Apple. While other brands are perceived as common or ordinary products with medium or low quality.

Two products may be identical or very similar, but the fact that a product's brand may be perceived as better than the other, allows a company to charge a higher price for it.

The expected dollar rate of return on dollar deposits, given the stated starting and expected exchange rates, as well as the stated dollar interest rate, is approximately 4.09%.

The dollar rate of return on dollar deposits in this scenario can be calculated using the following formula for the rate of return: (End value - Start value) / Start value. The starting value of the dollar is $1.10 per euro. After accruing interest at a 10% dollar interest rate, the end value of the dollar becomes $1.21 per euro. Next year's expected exchange rate is $1.165 per euro. Therefore, the expected dollar rate of return on the dollar deposit is ($1.21 -$1.165) / $1.10, which is approximately 4.09%.

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Answer:

The correct answer is breaking the ARRT Rules of Ethics.

Explanation:

Ethical rules serve to regulate the actions of human beings, especially regarding their effects on other people. One of its fundamental characteristics is that they are universal, valid for any ethical subject at any time and place. Some rules may refer only to the agent and the action (smoking prohibited), but the rules that also explain to the subjects receiving the effects of the action are much more complete and interesting.

Answer:

The consumer being evaluated

Explanation:

An Integrated Marketing Communications is a  promotional marketing function through which a targeted audience receives consistent, persuasive, and reinforcing brand messaging to move buyer's through the decision making process.

There are three elements in any integrated marketing communication strategy:the consumer being evaluated the the channels through which the message is communicated, and evaluation of the results of the communication.

In integrated marketing communications, the three key elements are the message, the channels used for communication, and the evaluation of communication results. The message is foundational, outlining what the organization wants to communicate. Effective integration of these elements, alongside a strategic marketing mix, ensures the success of communication efforts.

There are three elements in any integrated marketing communication strategy: the message, the channels through which the message is communicated, and evaluation of the results of the communication. In the context of integrated marketing communications (IMC), the message refers to the information or content that the organization wishes to convey to its target audience. This is a crucial component, as it encapsulates the goals and intentions behind the communication effort. The planning stage, as part of the social marketing model, is where the message goals are established, underlining the importance of a well-defined message in achieving the desired response from the audience.

The channels through which the message is communicated represent the medium or platforms used to reach the target audience, such as social media, television ads, or email marketing. Effective selection and use of these channels are vital for ensuring that the message reaches the intended audience in an efficient and impactful manner. Lastly, the evaluation of the results provides feedback on the effectiveness of the communication strategy, allowing marketers to adjust their approaches based on the outcomes achieved.

Integrating these three elements effectively requires a deep understanding of the target audience, the creation of a compelling and relevant message, strategic selection of communication channels, and a robust mechanism for evaluating outcomes. This approach leverages the marketing mix, which includes decisions about price, promotional activities, location, and sales channels, ensuring consistency and effectiveness in communication efforts.

A tire company's products are more expensive than those offered by its competitors, but are still sought by customers since they are more durable and perform better under harsh conditions. The tire company, in this case, has achieved competitive advantage through Superior quality.

Quality refers to the something that can be compared with the similar one or with a degree of excellence. It is very essential for any business to produce products or services with good quality. When the quality of any goods or services is meeting the requirements of any consumers then it will gain a good value to the company and he also shares his experience with others.

With the quality of any products or services to be good, it can easily attain competitive advantage and stay in a competitive market.In the given example, the product of a company which is tire is expensive when compared to the competitors. They are expensive because they have good durability and can perform better during harsh conditions of roads. Thus, through the superior quality, the tire company has achieved competitive advantage.

Answer:

(C) to Mary's estate

Explanation:

Based on the information provided within the question it can be said that in this scenario Mary's life insurance proceeds will be paid to Mary's estate. This is because all of Mary's beneficiaries have passed away. Therefore the life insurance is paid to her estate since she is the owner of the life insurance policy.

Answer:

$2,513.

Explanation:

Outstanding checks are those checks that are recorded in the company's books but the bank has yet to record them and update the bank balance. Since the bank balance will not be updated and it will show a greater balance, so while preparing Bank Statement Reconciliation, we have to deduct the amount of outstanding checks from the Bank account balance as per bank statement. The bank due to many reasons can be unable to clear the checks, the most common ones are workload, timing, etc.

In this case, we are required to calculate the amount of outstanding checks. The mathematics here is simply, add the total checks issued by the corporation and deduct the checks cleared by the bank from it.

⇒ Amount of outstanding checks on November 30 =

   33, 820 + 36,928 - 32,160 - 36,075 = $2,513.

Answer: Amount of outstanding checks on November 30 = $2,513

Explanation:

GIVEN the following ;

October check total = $33,820

November check total = $36,928

October cleared checks = $32,160

November cleared checks = $36,075

To calculate amount of outstanding cheques:

Total checks issued :

$(33,820 + 36,928) = $70,748

Total checks cleared :

$(32,160 + 36,075) = $68,235

Outstanding checks:

(Total checks issued - total cleared checks)

$70,748 - $68,235 = $2,513

Outstanding checks may be reffered to as checks which have been sanctioned or issued by the payor ( account owner) but yet to be cleared or cashed by the individual or institution to which the check was addressed.

Answer:

[C]

Explanation:

Based on the information provided within the question it can be said that this client will need to make the required payment in full for the purchase prior to entering the order because the account would be frozen.  This is because the Reg T states that any individual that has been sold out for failing to make a prompt payment will have their account frozen for 90 days and if they want to make a buy order, then they need to deposit enough money to cover the entire trade in full including fees before the buy order is actually entered.

Answer:4. Not part of the labor force and is not counted in the unemployment rate.

Explanation:Not everyone who is out of work is unemployed. In order to be counted as unemployed you have to be out of work, looking for work, and able to accept a job if one is offered to you. If you are out of work and not looking, then you are considered “not in the labor force” rather than unemployed.

Someone who does not have a job but claims he is not looking for one is considered out of the labor force and is not counted in the unemployment rate.

Answer:

requirements contract

Explanation:

A requirements contract is a contract between a supplier and a buyer for the provision of a specific product or service where the supplier agrees to provide all the quantity of goods that the buyer might require, and the buyer agrees to only purchase that specific good from that supplier. It is like engaging in a relationship with your vendor, where you can only purchase the good from him and he must provide all the goods that you may need.

Final answer:

The contract between NASA and Poweroxi Inc. is an example of a requirements contract, where NASA would purchase all of its needed rocket propellant fuel from Poweroxi Inc. for a year, reflecting the close relationship and reliance on the supplier's ability to provide fuel that is crucial for space missions.

Explanation:

The contract between NASA and Poweroxi Inc. for the purchase of all the propellant fuel required by NASA for a year would be an example of a requirements contract. This type of agreement obligates NASA to buy the propellant fuel exclusively from Poweroxi Inc. for the duration of the contract, and in turn, Poweroxi Inc. is required to fulfill all of NASA's needs for the propellant fuel.

Such contracts are common in situations where a buyer needs a guaranteed supply of products, and they allow suppliers to plan their production and inventory more efficiently. This contractual arrangement also demonstrates the trusted relationship and reliance NASA has on Poweroxi Inc. for providing the necessary rocket propellant fuel essential for space missions, and how crucial the production of this fuel is, involving complex chemical reactions and precise stoichiometry to produce the required thrust.

Answer:

Amount of Loan @ 7% was $6,875

Explanation:

Let

Amount of Loan @ 7% = X

Amount of Loan @ 15% = Y

According to given condition

X + Y = 17000 ( Eq 01 )

X7% + Y15% = 2000

0.07X + 0.15Y = 2000 ( Eq 02 )

By multiplying ( Eq 01 ) with 3

3X + 3Y = 51,000 ( Eq 03 )

By multiplying ( Eq 02 ) with 20

1.4X + 3Y = 40000 ( Eq 04 )

By subtracting ( Eq 04 ) from ( Eq 03 )

3X + 3Y - (1.4X + 3Y) = 51,000 - 40,000

3X + 3Y - 1.4X - 3Y = 11,000

1.6X= 11,000

X = 11,000 / 1.6

X = 6,875

Placing Value of X in ( Eq 01 )

6,875 + Y = 17000

Y = 17000 - 6,875

Y = 10,125

Check:

0.07(6,875) + 0.15(10,125) = 2000

481.25 + 1,518.75 = 2,000

2,000 = 2,000

So

Amount of Loan @ 7% = X = $6,875

Solution and Explanation:

1. False-   Long run Economic growth is likely to be sustainable because of finite natural resources as othe man made resources will be available to sustain growth.  

2. False-    In mordern economy posesing few natural resources will not affect a country to develop economically; human resources and man made resources will also contribute. Foreign trade can also play an important role towards growth, in the absence of abundant natural resources.

3. True-   Natural resources are vital, and mostly exhaustible. Hence it is very essential to find suitable alternatives.

4. False- Economies of 21st century depend on human capital due to depletable atural resources.

5. True - In the 19th century, minerals and farming land were the most mportant resources, since self sustainability was in vogue.

Answer:

C) 0.60.

Explanation:

USING MIDPOINT FORMULA

i) Percentage change in quantity supplied

=changes in QS/(changes in QS/2) x 100/1

=(30-20)/(30+20)/2 X 100/1

=10/25 X 100

=40%

ii) Percentage changes in price

=Changes in Price/(Changes in Price/2) x 100/1

=($20-$10)/($20+$10)/2 x 100/1

=$10/$15 x 100/1

=0.66667 x 100

=66.67%

Price Elasticity of supply = %Changes in Quantity supplied

                                            %Changes in Price

ES= 40%/66.67%

ES= 0.59999

ES=0.6

Answer:

B. Upward sloping

Explanation:

Based on the information provided within the question it can be said that the shape of Farmer Jack's marginal cost curve is an upward-sloping curve. This is a type of demand curve that illustrates a direct relationship between price of a product and the quantity that is in demand. Meaning that the more demand that exists for Jack's watermelons the higher the price will be.

Answer:

A. approximately 56 years

Explanation:

Giving that

Annual percentage growth rate = 2.5%

Using rule of 70

Years to double = 70 ÷ 2.5

= 28 years

Therefore, years to quadruple from original GDP

= 28 × 2

= 56 years

Therefore it will take 56 years for US GDP to reach 200,000 from 50,000 at annual rate of 2.5