Which of the following behaviors is an example of deviance rather than crime?

Kevin is a top-level manager at an advertising firm. He has many years of varied experience and he spends most of his time makin

Jet001 [13]

Answer:

Kevin spends most of his time on planning

Explanation:

Planning is considering the activities that an organization needs to undertake to achieve its objectives as well as efficient and effective utilization of resources in carrying out those activities.

Efficiency and effectiveness are very important because the organization is in business in order to maximize the wealth of its founders, which can only be achieved by making sure that organization avoids wastefulness while also deploying the least possible resources in a given circumstance

4 0

3 years ago

What is an insurer or producer required to provide to the insurance commissioner during an examination?

stich3 [128]

The producer's role at an insurance agency is to generate the revenue necessary for the company to thrive and expand. Instead of the usual salesman who knocks on doors to promote their products, the producer frequently replies to inquiries from customers who need insurance.

<h3>What is the role of an insurance producer?</h3>

The producer's role at an insurance agency is to generate the revenue necessary for the company to thrive and expand. Instead of the usual salesman who knocks on doors to promote their products, the producer frequently replies to inquiries from customers who need insurance.

A producer of insurance is not allowed to represent an insurer unless they are appointed as that insurer's agent. Insurance commissioners' duties include preserving reasonable insurance product prices, ensuring the availability of insurance coverage, safeguarding the financial stability of insurance businesses, and stopping unfair business activities.

Professionals in the sector who sell insurance products are known as insurance producers. They are permitted to sell a variety of insurance products from an insurance company, including property, commercial, life, health, and other types. Producers have the option of specializing in one or more lines of insurance.

To learn more about insurance producer refer to:

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4 0

2 years ago

At the end of 2021, Worthy Co.’s balance for Accounts Receivable is $11,000, while the company’s total assets equal $1,410,000.

erastovalidia [21]

Answer:Worthy journal $

Date

March 14, 2022

Bad debt Dr 2600

Receivable Cr 2600

Narration. Record of receivables written off to income account on account becoming unrecoverable.

Explanation:

The direct method of written off bad debts do not make provision for estimate of receivables that are likely to go bad in which the estimate is recognised as debit to income statement and the corresponding credit entry is used to reduce the receivables, with adjustment been made at the year end for variances.

In the direct method the actual bad debts is debited in the income s statement and credited to the receivables accounts.

6 0

3 years ago

Bill is the owner of a house with two identical apartments. He resides in one apartment and rents the other apartment to a tenan

Mnenie [13.5K]

Answer:

B. $2,600

Explanation:

The computation of the net rental income is shown below:

= Monthly rental payments × total number of months in a year - (utilities + maintenance & repairs + insurance) × percentage - depreciation expense

= $550 × 12 months - ($3,600 + $900 + $500) × 50% - $1,500

= $6,600 - $2,500 - $1,500

= $2,600

Since only one apartment is on rent so we considered the expenses of the building at 50% not full value and the same is applied above

5 0

3 years ago

The comparative balance sheets for Concord Corporation as of December 31 are presented below.

stiks02 [169]

Answer:

Concord Corporation

Statement of Cash Flows for the year ended December 31, 2022

Operating activities:

Net income $32,560

add Depreciation 36,960

Loss from sale of equipment 1,760

Changes in working capital:

Accounts receivable 7,040

Inventory -8,316

Prepaid expenses 5,034

Accounts payable 7,682

Net cash from operations $82,720

Investing activities:

Sale of equipment $7,040

Sale of land 22,000

Purchase of equipment -80,960

Net cash from investments -$51,920

Financing activities:

Dividends payment -10,560

Net cash flows $20,240

Reconciliation:

Beginning cash balance $39,600

Net cash flows $20,240

Ending cash balance $59,840

Explanation:

a) Data and Calculations:

Concord Corporation

Comparative Balance Sheets

December 31

Assets 2022 2021 Changes

Cash $59,840 $39,600 +$20,240

Accounts receivable 44,000 51,040 -7,040

Inventory 133,276 124,960 +8,316

Prepaid expenses 13,446 18,480 -5,034

Land 127,600 114,400 +13,200

Buildings 176,000 176,000 0

Accumulated depreciation

-buildings (52,800) (35,200) (17,600)

Equipment 198,000 136,400 +61,600

Accumulated depreciation

-equipment (39,600) (30,800) (8,800)

Total $659,762 $594,880

Liabilities and Stockholders' Equity

Accounts payable $39,362 $31,680 +$7,682

Bonds payable 264,000 264,000 0

Common stock, $1 par 176,000 140,800 +35,200

Retained earnings 180,400 158,400 +22,000

Total $659,762 $594,880

Additional information:

1. Depreciation $36,960

($17,600 of depreciation expense for buildings and $19,360 for equipment)

2. Sale of land at $22,000

3. Cash dividends paid $10,560

4. Net income for 2022 $32,560

5. Equipment purchase $80,960

Equipment sales $7,040

Loss from sale $1,760

Accumulated Depreciation $10,560

Equipment

Account Titles Debit Credit

Beginning balance 136,400

Cash 80,960

Sale of equipment 19,360

Ending balance 198,000

Sale of Equipment

Account Titles Debit Credit

Equipment 19,360

Accumulated depreciation 10,560

Cash 7,040

Loss from Sale of Equipment 1,760

6. Land $35,200 Common stock $35,200

Land

Account Titles Debit Credit

Beginning balance 114,400

Common stock 35,200

Cash 22,000

Ending balance 127,600

5 0

3 years ago