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AysviL [449]
3 years ago
5

How does the year-end adjusting entry to recognize uncollectible accounts expense affect the elements of the financial statement

s? Multiple Choice Decrease total assets and decrease stockholders’ equity. Increase total assets and decrease stockholders’ equity. Increase total liabilities and increase stockholders’ equity. Decrease total liabilities and increase stockholders’ equity.
Business
1 answer:
mojhsa [17]3 years ago
3 0

Answer: Decrease total assets and decrease stockholders’ equity.

Explanation:

Adjustment of uncollectable accounts at the year end will increase the bad debt expense which has to be taken from the net income this reducing it. This has the impact of reducing Shareholder Equity as Net Income is a component of that.

The Allowance for Uncollectebles Account also increases which has the effect of reducing the Accounts Receivables Account's carrying value thus reducing Assets as a whole.

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Recently, a terminated employee used his mobile device to log in to the company network and steal sensitive data. As the manager
Cloud [144]

Answer:  Recently, a terminated employee used his mobile device to log in to the company network and steal sensitive data .This is the presentation of the summary of what the organization should do to prevent this from happening again.

Explanation:

The <u>objective of information security i</u>s to maintain a reasonably secure environment as well as the proper use of resources and risk management, in order to preserve the availability, integrity and confidentiality of information and the assurance of business continuity. Also :

  • To manage information security risks to keep them at acceptable levels.
  • Protect information assets.
  • Train public servants, suppliers and stakeholders about the importance of data protection.
  • Monitor compliance with information security requirements.
  • Implement corrective and improvement actions.

Since the current trend is that <em>employees take their personal devices to the office,</em> in addition to giving them personal use, the most common is that they use it for the <em>review of corporate email and as support for the tasks of their daily work.</em> Therefore, proper management of the devices that are connected must be defined, in order to use the applications and information according to the provisions of the policies established by the company.

The most common threats are :

  1. Unofficial applications. (Can ask you for permitions and steal your private information)
  2. Public WIFI.(Can enter in to your network and steal your private information)
  3. Phising.(The most common is an email that force you to open a message which links to a malicious website to steal your personal information)

Always is important to protect the device with one or several of this advices:

  • Secure access networks.
  • Access to information must be restricted in a way that guarantees that only those people who are really qualified to do so can access the information.
  • Write a security policy. Define which devices can access corporate information.
  • Protect WiFi connections.
  • Protect against malware.

In this scenario the <em>company should </em>make an update of all information and networks ,the installation and configuration of firewalls and encryption of corporate confidential information.  

The best way is to train and make the employees of the company aware of the risk of sharing information and the legal punishment that they can have if they do it.

Every company must have a standardized risk plan to solve these types of situations before more information is leaked(can apply some of those mentioned above).

3 0
4 years ago
atchley corporation’s last free cash flow was $1.55 million. the free cash flow growth rate is expected to be constant at 1.5% f
ira [324]

Atchley corporation’s last free cash flow was $1.55 million. the free cash flow growth rate is expected to be constant at 1.5% for 2 years, after which free cash flows are expected to grow at a rate of 8.0% forever. the firm's weighted average cost of capital (wacc) is 12.0%. The best estimate of the intrinsic stock price is $25.05.

What is free cash flows?

The amount by which a company's operating cash flow exceeds its demands for working capital and expenditures for fixed assets is known in corporate finance as free cash flow or free cash flow to firm.

Therefore,

The best estimate of the intrinsic stock price is $25.05.

To learn more about free cash flow from the given link:

brainly.com/question/15848997

3 0
2 years ago
When Desi was determining which option works best to encourage employee participation when planning important changes, he learne
mylen [45]

Answer:

D) Shared power

Explanation:

Power sharing refers to a situation where a team leader will allow the team members to have decision power and influence within the group. It is a system that distributes power among all members of the team in order to encourage greater participation in the decision making processes.

In this case, Desi considers that sharing power with his staff will encourage them to participate more in the planning process. When an employee feels that his participation is valued, he/she will not be afraid or indifferent to do so.

3 0
4 years ago
Define present value.
Igoryamba

Answer:

The present value is the value today of a sum of money to be received in the future and in general is less than the future value.

Explanation:

The formula to compute the present value is shown below:

Future value = Present value × (1 + interest rate)^number of years

or Present value = Future value ÷  (1 + interest rate)^number of years

Let us take an example

Present value = $2,750

Rate = 5.25% ÷ 2 = 2.625%

Number of years = 1 year × 2 = 2 years

So, the future value

= $2,750 × (1 + 2.625%)^2

= $2,750 × 1.0531890625  

= $2,896.27

It is done on semi annual basis. As we can see that the present value is less than the future value

3 0
3 years ago
the Great Recession that began in 2007, the Fed lowered interest rates to almost 0%. What did it do to accomplish this policy
SIZIF [17.4K]

Explanation:

it makes it cheaper for banks to get money from the federal reserve

in return they can offer loans with less interest to customers such as those who buy homes

5 0
3 years ago
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