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2 years ago

Which of the following consists of everything outside an organization's boundaries that might affect how the business operates?

Business

1 answer:

seraphim [82]2 years ago

8 0

The external factors that might affect how the business operates are:

A. Domestic business environment
B. Political-legal environment
C. External environment

<h3>What are the external factors that impact business operation?</h3>

The external factors that impact business operations include:

Social
Economic
Competitive
Demographic
Global factors
Technological
Political and legal.

The corporate culture of an organization is outside its boundaries.

Thus, the external factors that might affect how the business operates are Domestic, Political-legal, and External environments and not the corporate culture.

Learn more about an organization's external environments at brainly.com/question/15020066

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The Miller Company earned $103,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivabl

alekssr [168]

Answer:

The net realizable value of Miller's receivables at the end of Year 2 was $27,910

Explanation:

Let's start with the definition of each concept:

Sales on account: These represent sales which are not paid right away.

Account receivable: This is an account which represent the sales on account which currently are still unpaid.

When a sale is payed at the very moment it ocours, it is done using the cash account and the sales accounts.

Allowance for doubful account: This account is a counter-assets account that decrease the net value of account receivable. It represent the account that will not be collected.

The method to determinate the allowance will be the following:

Sales on account x estimate uncollectiblle = Bad debt expense

$103,000 x 3% of sales = 3090 bad debt expense

The journal entry to record this will be:

bad debt expense debit 3090

allowance for doubful account credit 3090

The company collected 72,000 of the sales on account during the year so the balance will be:

103,000 - 72,000 = 31,000 account receivable

So resuming the account receivable account have this movements:

account receivable debit for 103,000

sales revenue credit for 103,000

to show the sales on account

and then

cash debit for 72,000

account receivable credit for 72,000

to show the collections of the customer accounts

Now subtracting the espected bad debt we get the Miller's net realizable value at the end of Year 2:

31,000 - 3,090 = 27,910

Account receivable 31,000

Allowance for doubful accounts (3,090)

net 27,910

Have a nice evening !

3 0

4 years ago

During its most recent period, Raymond Manufacturing expected a job to cost $600,000 of overhead, $1,000,000 of materials, and $

Dima020 [189]

Answer:

Over-applied by $70,000

Explanation:

Overhead Rate: Expected overhead / Expected Labor cost

Overhead Rate: $600,000 / $400,000

Overhead Rate: 150% or $1.5 for every $1 cost of labor

Overhead Applied

Actual Labor Cost: $440,000

Overhead Applied: $440,000 * 150%

Overhead Applied: $660,000

Actual Overhead: $590,000

Over-Applied: Applied Overhead - Actual Overhead

Over-Applied: $660,000 - $590,000

Over-Applied: $70,000

4 0

4 years ago

Why are entrepreneurs considered both spark plugs and catalysts of the free enterprise economy?

Tanya [424]

Entrepreneurs are considered to be both spark plugs and catalysts of the free enterprise economy because of a number of reasons. Everybody benefits and profits when an entrepreneur becomes successful. When an entrepreneur opens his or her search for profits, the effects would be a chain of events where new products, greater competition, more production, higher quality, and lower prices for consumers can be observed. An entrepreneur is said to be a spark plug in the free-market for there is that vision of providing a product or a service that people are willing to pay for, combined with the ability to produce that product or service at a cost below the market sales price which propels him/her to take action. Capitalism will not work if it were not for the entrepreneurs who take the risks and start the businesses that produce the goods and services we all enjoy.

3 0

4 years ago

Which of the following describes a situation in which there would be

WINSTONCH [101]

Answer:

D. Ordering a second dessert when you're already full.

Explanation:

Marginal utility is an economic term that refers to the additional satisfaction derived from the consumption of an extra good or service. Decreasing marginal utility is a concept the explains how satisfaction declines with the continuous consumption of a good or service beyond the optimal point. The law of diminishing or decreasing marginal utility observes that satisfactions increases at an increasing rate up to the optimal point. After the peak, satisfaction will ease and eventually turn negative.

Ordering for a second dessert when full does not result in any satisfaction. The individual needs are already met. The second dessert will not bring as much joy or enthusiasm as the first one.

8 0

3 years ago

Read 2 more answers

In the 1990s, Philips Electronics developed a new consumer electronics product called the Digital Compact Cassette (DCC) player.

9966 [12]

Answer:

compatibility

Explanation:

The Digital Compact Cassette is an innovation that is showing compatibility because it is not only bringing something new to the customer (the ability to record and playback), but also giving the customer the possibility of playing old cassette tapes in the new format.

In simple words, the DCC is compatible with older tapes, which gives it no only a value as a new product, but also a value as a product that replaces and old product (which is not necessarily the same, many new products do not replace old product, the old product simply disappears).

4 0

4 years ago