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lord [1]
3 years ago
12

________is due to the inability to "successfully" adapt in the new country.

Business
1 answer:
Alex73 [517]3 years ago
5 0

Answer:

Acculturative stress

Explanation:

Acculturation can be defined as the experiences and changes, which may be psychological, social or cultural that individuals and group of people undergo when they come into contact or are trying to adapt with a different culture in a society.

Hence, acculturation involves the process of transferring customs, beliefs and values from a cultural group to another.

This ultimately implies that, acculturative stress is due to the inability to "successfully" adapt in the new country. For instance, an African immigrant who migrates to the United States of America may experience a significant level of stressors in adapting to the cultural values, customs and beliefs of the people living in the particular state or region.

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The Manda Panda Company uses the allowance method to account for bad debts. At the beginning of 2018, the allowance account had
muminat

Answer:

1. Does this situation describe a loss contingency?

Yes, the situation reflect the necessity of report a loss contingency because the it's needed to cover the 3% of Allowance for Uncollectible Accounts

2. What is the bad debt expense that Manda Panda should report in its 2018 income statement? $11.325

3. Prepare the appropriate journal entry to record the contingency.

Please see explanation section.

4. Complete the table below to calculate the net realizable value Manda Panda should report in its 2018 balance sheet?

Explanation:

The entry to reflect the bad expenses of the contingency:

Bad debt expense $ 11.325  

Allowance for Uncollectible Accounts   $ 11.325

Net Realizable Value is:

Accounts Receivable $ 507.500  

Allowance for Uncollectible Accounts   $ 15.225

Net Realizable Value  $ 492.275  

Initial Balance    

Accounts Receivable  $ 507.500  End 2018

Allowance for Uncollectible Accounts  - $ 92.400 Beginning 2018

Entry when $88,500 in receivables were determined to be uncollectible.  

Allowance for Uncollectible Accounts  $ 88.500  

Accounts Receivable   $ 88.500

(Keep in mind that the balance of Acc Rec is at the end of 2018, so this entry had already been registered.)

New Balance    

Accounts Receivable  $ 507.500  End 2018

Allowance for Uncollectible Accounts   $ 3.900 End 2018

Bad debt expense  $ 11.325  to complete the 3%

Allowance for Uncollectible Accounts   $ 11.325  

New Balance    

Accounts Receivable  $ 507.500  

Allowance for Uncollectible Accounts   $ 15.225 3%

Net Realizable Value  $ 492.275  

5 0
3 years ago
John House has taken a $250,000 mortgage on his house at an interest rate of 6 percent per year. If the mortgage calls for 20 eq
stiks02 [169]

Answer:

$21,796.14

Explanation:

Use the Time Value of Money techniques to calculate the amount of each installment (PMT)

PV = $250,000

i =  6 %

n = 20

P/yr = 1

FV = $0

PMT = ?

Using a Financial calculator to input the values as above, each annual instalment/payment will be $21,796.14.

8 0
3 years ago
Which one of the following is NOT an advantage of buyer's agency? The efforts that a buyer's agent exerts on behalf of the buyer
sasho [114]

"The use of a buyer's agent guarantees that the buyer will get a property for the lowest price possible" is NOT an advantage of buyer's agency.


It is true that the efforts that a buyer's agent exerts on behalf of the buyer cannot be compromised and that the buyers can freely communicate confidential information without fear that disclosing that information will weaken their negotiating position. The buyers will also have the benefit of a licensee's expertise in finding the right property, negotiating the purchase and attending to closing details.

However, using a buyer's agent won't guarantee that the buyer can get the best deal on a property; as a result, this is not one of the advantages of buyer's agency. The agent would only consider what is best for the buyer and not the cheapest.

Agents will also charge extra fees and commissions for representing their buyers. To avoid additional expenses, some buyers and sellers choose not to use an agent. In order to save more money and find a property for the lowest price, buyers should avoid using an agent and instead deal directly with the seller.

Learn what happens when there's no buyer agency agreement in place here: brainly.com/question/28066390

#SPJ4

4 0
1 year ago
Both the agent and seller just signed the listing agreement. What must the licensee give to the seller now?
maw [93]

Answer:

Working with real estate agent brochure and agreement form.

6 0
3 years ago
Are you smart enough to do that task try it who is the first person made the light
rodikova [14]
Joseph Swan but Thomas Edison later capitalized on the invention by improving it
3 0
3 years ago
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