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4 years ago

To effectively run a business, it is necessary to:

1 answer:

7 0

<span>It is important to understand how money and accounting principles work to effectively run a business. If these concepts are not understood and used correctly, the business will not have a high chance of surviving for a very long time.</span>

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Why is my grandpa showing me how to cheat

geniusboy [140]

Answer:

Are you talking about schoolwork? Are you having extreme problems? Maybe he doesn't want to see you fail so he's trying to to help you. And although cheating isn't the right way to do it he probably wants to do whatever he can just to help you

Explanation:

4 0

3 years ago

Read 2 more answers

Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a

MArishka [77]

Answer:

1. The Bad debt expense for 2013 is $67,500

2. The amount of accounts receivable written off during 2013 is $69,500

3. If the company uses the direct write-off method, the bad debt expense for 2013 would be $69,500

Explanation:

1. In order toCalculate the bad debt expense for 2013 we would have to make the following calculation:

Bad debt expense=1.5% of Net Credit Sales

=1.5%×$4,500,000

=$67,500

The Bad debt expense for 2013 is $67,500

2. In order to Determine the amount of accounts receivable written off during 2013 we would have to make the following calculation:

amount of accounts receivable written off=$42,000+$67,500-$40,000

amount of accounts receivable written off=$69,500

The amount of accounts receivable written off during 2013 is $69,500

3. Using direct write off method, the bad debt expense is recognized only when the actual bad debt is incurred. The actual bad expense would be the amount of accounts receivable written off during the year. Accounts receivable written off during the year would be same in both the methods.

Thus, the bad debt expense for the year 2013 would be $69,500.

4 0

4 years ago

Suppose a monopoly concrete contractor builds 20 driveways per month for $10,000 each. In order to increase sales to 21 driveway

maria [59]

Answer:

The marginal revenue of the 21st driveway is: -$500. The right answer is C.

Explanation:

In order to calculate the the marginal revenue of the 21st driveway, we have to calculate first the total revenue from 20 driveways.

Total revenue from 20 driveways = 20×$10,000= $200,000

Next, we calculate the Revenue from 21 driveways = 21×$9,500 = $199,500

Therefore, The Marginal revenue from 21th driveways = =$199,500-$200,000 =-$500

8 0

4 years ago

Weekly demand figures at Hot Pizza are as follows:

garri49 [273]

Answer:

MAD: 10.04, 11.53

MAPSE: 10% , 12%

MSE : 146.33, 178.72

Bias : -0.56 , -0.96

3-week moving average method is better

Explanation:

i ) Evaluate MAD ( average of absolute errors )

using 3 week moving average

= 10.04

using simple exponential smoothing

= 11.53

ii) MAPSE ( average of absolute percentage error )

using 3 week moving average

= 10%

using simple exponential smoothing

= 12%

iii) MSE ( average of Squared Errors )

3 week MV = 146.33 , Simple exponential smoothing = 178.72.

iv) Bias

3 week MV = -5/9 = -0.56, Simple exponential smoothing = -8.69/9 = -0.96.

v) TS ( Total error / MAD )

3 week MV = -5 / 10.04 = -0.49 ,

simple exponential smoothing = -8.69 / 11.53 = -0.75

b) I prefer 3-week moving average based on the values of MAD , MAPE, MSE, bias and TS which shows that there is a better estimate when using the 3 -weeks moving average.

Attached below is the Tabular calculations of the required parameters for the question

3 0

3 years ago

Businesses that engage in ultrahazardous activities are strictly liable for any injuries.

3241004551 [841]

I think the answer is true.

7 0

3 years ago