All categories

1 year ago

Negative impact of high Crime rate in businesses

Business

1 answer:

Valentin [98]1 year ago

6 0

Answer:

Crime has a huge impact on businesses. It can cause a business to lose customers, employees, and even their physical property. Crime is also a major factor in the cost of doing business.

Theft or vandalism of company property is an example of crime that can have a negative impact on businesses. Businesses that operate in high-crime areas are at risk for theft and vandalism to their facilities and equipment. The cost of replacing or repairing damaged assets can be costly for the business owner.

You might be interested in

Blue Spruce Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivab

dedylja [7]

Answer:

The adjusting journal entry would be:

Debit: Bad debts expense $5,317

Credit: Allowance for Doubtful Accounts $5,317

Explanation:

Debit: Bad debts expense $5,317

Credit: Allowance for Doubtful Accounts $5,317

Explanation of the entry:

Allowance for doubtful debts at the end of the year = $402,000 × 2% = $8,040

Credit balance at the start = $2,723

Allowance for doubtful accounts = $8,040 - $2,723 = $5,317

The Allowance for Doubtful Accounts presently has a credit balance of $2,723 and allowance for doubtful debt at the end of year is $8,040, you need to enter an additional credit amount of $5,317 into the Allowance for Doubtful Accounts. The other part of this adjusting entry will be a debit of $5,317 to Bad Debts Expense.

6 0

2 years ago

In its most recent financial statements, Del-Castillo Inc. reported $65 million of net income and $950 million of retained earni

tatiyna

Answer:

$52,000,000

Explanation:

The computation of the dividend paid to the shareholders during the year is shown below:

As we know that

Ending retained earnings balance = Opening retained earning balance + net profit of the year - dividend paid

$950 million = $937 million + $65 million - dividend paid

$950 million = $1,002 million - dividend paid

So, the dividend paid is

= $1,002 million - $950 million

= $52,000,000

5 0

2 years ago

Rule-of-thumb budgeting is budgeting that's popular with the hospitality and tourism industry because it's so effective.

a_sh-v [17]

I think the answer is false

:):):):):):):)

7 0

2 years ago

Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formul

Alexandra [31]

Answer:

$981,000 - Total Building Cost

Explanation:

To answer this question, we were told that the customer wants to build a moderate 3,800 square foot home. However, although it says with no utilities, utility cost will be applicable because it represents what is needed by the builders and engineers to get their work done on the vacant lot of land.

Therefore, the cost to build = Administrative cost + Building cost (moderate) + appliances cost + utilities cost

= $40,000 + (220 x 3800 square foot) + $45,000+ $60,000

=$40,000 + $836,000 + $45,000+ $60,000

= $981,000

6 0

3 years ago

What scenarios would cause the u.S. Short-run aggregate supply curve to shift to the left?

sammy [17]

Answer:

Explanation:

The aggregate supply curve shifts to the left as the price of key inputs rise, making a combination of lower output, higher unemployment, and higher inflation possible. When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.

8 0

3 years ago

Negative impact of high Crime rate in businesses​

Negative impact of high Crime rate in businesses