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Leno4ka [110]
2 years ago
6

A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found tha

t the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported
Business
1 answer:
cupoosta [38]2 years ago
8 0

A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found that the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported

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Rug Designs Inc, a manufacturer of large area rugs, markets its products throughout the United States using a network of regiona
lidiya [134]

Answer:

The correct answer is<u> territorial.</u>

Explanation:

The territorial sales force occurs in large companies that through the implementation of regional sales office seek to optimize customer visit time processes, reduce travel expenses and increase revenue.

The greatest benefits of this territorial strategy is to reach new customers through personalized targeting that will meet the demand and characteristics of customers in a given geographic region. In addition to optimizing logistics processes, productivity and cost reduction.

7 0
3 years ago
Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies fo
Olin [163]

Answer:

(a) $190,000

(b) $2,185,000

(c) $3,125,900

(d) $841,090

(e) $561,260

(f) $1,200,000

Explanation:

Rainier and Yakima Company several balances are omitted. These are calculated with reverse calculation. The material inventory at beginning of may is added with the purchases made and then ending inventory is subtracted to identify cost of goods manufactured.

6 0
2 years ago
Time Remaining 1 hour 48 minutes 56 seconds01:48:56 Item 5Item 5 Time Remaining 1 hour 48 minutes 56 seconds01:48:56 Accounts pa
scoray [572]

Answer:

Amounts owed to suppliers for products and/or services purchased on credit.

Explanation:

Accounts payable are basically short term debts that a company has with its suppliers. E.g. a retailer purchases goods from a wholesaler on terms n/30. In this case, the accounts payable would be the amount of money owed to the retailer. There is no specific time frame for an accounts payable, since it varies depending on the credit that the supplier gives. E.g. sometimes a supplier will sell on a 45 day credit period, or even 60 day period.

6 0
3 years ago
Beckingham Sports is an American sporting goods company. Based on $400,000 spent on market research and $600,000 spent on consul
Cerrena [4.2K]

Answer:

The correct answer is E)

Explanation:

Capital budgeting is an accounting method that corporations use to decide which planned acquisitions of fixed assets will be approved and which should be refused.

Some examples of Capital Expenditures include:

  1. Construction of an additional building
  2. Procurement of delivery vehicles
  3. Procurement of new equipment
  4. Rehabilitation of existing equipment

If one of the criteria for classification under Capital Expenditure is that it must be in the plan, then none of the above items mentioned in the question will fly.

Monies have already been expended on the options A, B, and C.

Option D is an offer to purchase an existing asset, not a planned investment. Therefore it also does not qualify.

Hence the correct answer is E.

Cheers!

3 0
3 years ago
Evaluate how a change in consumer incomes will affect the demand
dalvyx [7]

Answer:

They will be less likely to rent an apartment and more likely to own a home. A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve shifts to the left.

For normal economic goods, when real consumer income rises, consumers will demand a greater quantity of goods for purchase. ... When nominal income increases without any change to prices, this means consumers can purchase more goods at the same price, and for most goods, consumers will demand more.

Explanation:

8 0
2 years ago
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