delegate tasks so that a subordinate can see a project or assignment through to completion; allow time to get the task done.

AVprozaik [17]

Based on the information given, the company that's chosen is Tesla and it's a product-based company.

<h3>What is Tesla?</h3>

The company is known for producing electric cars. It's different from its competitors as it produces electric vehicles and uses better softwares.

The company sells its cars worldwide. The competitors include Volkswagen and Toyota. Tesla has helped the environment as it accelerates the transition to sustainable energy

Lastly, the main challenge faced by the company is rising material costs.

Learn more about Tesla on:

brainly.com/question/6528766

7 0

3 years ago

Prepare the journal entry to record bad debt expense assuming Novak Company estimates bad debts at (a) 4% of accounts receivable

Novay_Z [31]

Additional information:

Novak Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $155,400 Allowance for Doubtful Accounts $3,890 Sales Revenue (all on credit) 800,700 Sales Returns and Allowances 50,330

Answer:

net credit sales = total sales revenue - sales returns and allowances = $800,700 - $50,330 = $750,370

accounts receivables = $155,400

allowance for doubtful accounts = $3,890 (credit balance)

A) estimated bad debts = 4% of accounts receivables = 4% x $155,400 = $6,216

since the current balance of allowance for doubtful accounts is $3,890, then the adjusting entry should be = $6,216 - $3,890 = $2,326:

Dr Bad debt expense 2,326

Cr Allowance for doubtful accounts 2,326

B) estimated bad debts = 4% of accounts receivables = 4% x $155,400 = $6,216

since the current debit balance of allowance for doubtful accounts is $1,470, then the adjusting entry should be = $6,216 + $1,470 = $7,686:

Dr Bad debt expense 7,686

Cr Allowance for doubtful accounts 7,686

8 0

3 years ago

In markets where the government imposes an excise tax on unit sales, it also has a tendency to dabble with restrictions on adver

oksian1 [2.3K]

Answer:

I am sorry I don't know sorry again

7 0

3 years ago

On January 1, 2018, Olympic Insurance Company granted 30,000 stock options to certain executives. The options are exercisable no

Artyom0805 [142]

Answer:

Option D. $50,000.

Explanation:

We can solve it by two methods:

Method 1: Conceptually

The 30,000 stock options has vested period of 3 years, which means 10,000 stock options a year. Furthermore, according to accrual concept application in the employee benefits international standard on accounting, the increase in liability for compensating other party for its services is increase in expense. Here, increase in expense is the option fair value which is $5. So the Compensation expense is:

Compensation expense = $5 per stock option * 10,000 Stock Options per year

= $50,000 for the first year 2018

Method 2: Formula Method

As we know that:

Compensation expense for 2018 = Total compensation / Vested period

Here

Total compensation = $5 stock option * 30,000 options

Vested period is 3 years

By putting values, we have:

Compensation expense = (30,000 × $5)/3 years

Compensation expense = $50,000

Don't Forget to rate my answer.

4 0

3 years ago

Isocost lines Question 28 options: A) are dependent upon the costs of a firm's inputs. B) are dependent upon the technical effic

Rufina [12.5K]

Answer:

A. are dependent upon the costs of a firm's inputs

Explanation:

Isocosts are lines showing the various combinations of inputs which costs the same total amount. That is, all inputs combinations with similar cost. It indicates a combination of inputs that an organization or firm can buy or rent at a given cost/price. The isocosts are simply dependent upon the cost of the firm's input, that is to say, the cost of inputs determines the various combination possible. Isocost becomes very important when analyzing a firm's or producer's behavior.

8 0

3 years ago