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3 years ago

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1. Imagine that you are the event manager for a music concert. What are some of the possible risks that guests might face at the

event? What would you do to reduce these risks?

1 answer:

Pani-rosa [81]3 years ago

6 0

You're going to need a lot of security and bodyguards.

You might be interested in

Environmentalists have continually argued for the use of alternatives to fossil fuels to generate energy. Harnessing wind power

son4ous [18]

Answer:

<u>Mistake of ignoring secondary effects</u>

Explanation:

Whenever there arises an adverse impact of a policy and it's implementation, owing to ignorance of secondary consequences, it is termed as ignoring secondary effects.

In short, it refers to assessing and viewing only the positive aspects of a policy or a move, meanwhile not taking into consideration the other adverse consequences which are also associated with the same policy.

In the given case, the environmentalists have only considered the generation of alternative sources of energy via windmills which will lead to preservation of fossil fuels. The proposed policy has been implemented without taking into account it's flip side i.e the harm it causes to bat population and migratory birds.

Thus, it can be stated that the environmentalists herein only considered the favorable outcome of a policy implementation and ignored the adverse effect of the same. Hence, they are said to have committed the mistake of ignoring the secondary effects.

7 0

3 years ago

At the beginning of the current period, Griffey Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubt

Wewaii [24]

Answer:

(a) Prepare the entries to record sales and collections during the period.

Dr Accounts Receivable $ 800,000

Cr Sales $ 800,000

Dr Cash $ 763,000

Cr Accounts Receivable $ 763,000

(b) Prepare the entry to record the write-off of uncollectible accounts during the period

Dr Allowance for Uncollectible Accounts $ 7,300

Cr Accounts Receivable $ 7,300

(c) Prepare the entries to record the recovery of the uncollectible account during the period.

Dr Accounts Receivable $ 3,100

Cr Allowance for Uncollectible Accounts $ 3,100

Dr Cash $ 3,100

Cr Accounts Receivable $ 3,100

(d) Prepare the entry to record bad debt expense for the period.

Dr Bad Debt Expense $ 20,200

Cr Allowance for Uncollectible Accounts $ 20,200

Explanation:

Initial Balance

Dr Accounts Receivable $ 200.000

Cr Allowance for Uncollectible Accounts $ 9.000

During the period, it had net credit sales of $800,000

Dr Accounts Receivable $ 800.000

Cr Sales $ 800.000

Collections of $763,000

Dr Cash $ 763.000

Cr Accounts Receivable $ 763.000

It wrote off as uncollectible accounts

Dr Allowance for Uncollectible Accounts $ 7.300

Cr Accounts Receivable $ 7.300

A $3,100 account previously written off as uncollectible was recovered

Dr Accounts Receivable $ 3.100

Cr Allowance for Uncollectible Accounts $ 3.100

Dr Cash $ 3.100

Cr Accounts Receivable $ 3.100

Assuming 5% of accounts receivable, the journal entry:

Dr Bad Debt Expense $ 20.200

Cr Allowance for Uncollectible Accounts $ 20.200

FINAL Balance

Dr Accounts Receivable $ 229.700

Cr Allowance for Uncollectible Accounts $ 25.000

Bad accounts are those credits granted by the company and there is no possibility of being charged.

When customers buy products on credits but the company cannot collect the debt, then it's necessar to cancel the unpaid invoice as uncollectible.

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit) with accounts receivable (credit), with this we are recognizing the bad credit of the company.

8 0

3 years ago

The common stock of sweet treats is valued at $10.80 a share. the company increases its dividend by 8 percent annually and expec

N76 [4]

Using the Gordon Growth Model (a.k.a. Dividend Discount Model), the intrinsic value of a stock can be calculated, exclusive of current market conditions. In this model, the value of the stock is equated to the present value of the stock's future dividends.

<span>Value of stock (P0) = D1 / (k - g)

</span>where
D1<span> = </span><span>expected annual </span>dividend<span> per share in the following year </span>
<span>k = the investor's discount rate or required </span>rate of return
g = the expected dividend growth rate

<u>From the problem:</u>
The value of stock is $10.80
D1 is $0.40
g is 0.08

k is unknown

Solution:
Rearranging the equation for Gordon Growth Model to solve for k:

k = (D1/P0) + g

Substituting the variables with the given values,

k = (0.40/10.80) + 0.08
k = 0.1170

In percent form, this is
0.1170 * 100% = 11.70%.

Thus, the total rate of return on the stock is 11.70%.

3 0

4 years ago

Bristo Corporation has sales of 1,000 units at $60 per unit. Variable expenses are 40% of the selling price. If total fixed expe

Misha Larkins [42]

Answer:

3.60

Explanation:

Given that,

Sales units = 1,000

Sales price per unit = $60

Variable expenses = 40% of the selling price

Total Fixed cost = $26,000

Contribution margin per unit:

= Selling price - Variable cost

= $60 - ($60 × 40%)

= $60 - $24

= $36

Total contribution:

= Contribution margin per unit × Sales units

= $36 × 1,000

= $36,000

Profit = Total contribution - Fixed cost

= $36,000 - $26,000

= $10,000

Degree of operating leverage:

= (Sales - Variable costs) ÷ (Sales - Variable costs - Fixed Expenses)

= (60,000 - 24,000) ÷ (60,000 - 24,000 - 26,000)

= 36,000 ÷ 10,000

= 3.60

8 0

3 years ago

Dan owns an autographed copy of a brittany spears cd that he values at $100. if he sells the cd at the garage sale he's planning

Delvig [45]

The complete question is as follows:

Dan owns an autographed copy of a Brittany Spears CD that he values at $100. If he sells the CD at the garage sale he’s planning to hold in a few weeks, it will be sold to a buyer with a reservation price of $175. If he sells it on eBay, it will be sold to a buyer with a reservation price of $500. eBay will charge Dan $50 to auction the CD, which just covers eBay’s opportunity cost of running the auction. Relative to selling the CD at his garage sale, auctioning the CD on eBay will lead:

A. to no change in total economic surplus.

B. total economic surplus to increase by $500.

C. total economic surplus to increase by $275.

D. total economic surplus to increase by $100.

Answer: C - Total economic surplus to increase by $275.

In this question, we only need to consider producers' surplus since we're considering the various options for Dan to sell his CD.

We calculate Producer's Surplus as follows:

$Producer's surplus = Market Selling Price - Economic Cost.$

Economic costs not only refers to explicit costs like cost of the CD, but also includes opportunity costs. Since we need to calculate producer's surplus when Dan sells on Ebay, we need to consider the following costs:

Value of the CD = $100

Ebay's opportunity cost that Dan will have to bear = $50

$Profit Dan would've received in garage sale = $75 ($175 - $100)$

Among the three expenses listed above, the profit Dan would've got in the garage sale is considered the <u>implicit cost or opportunity cost.</u>

Substituting the values we have in the equation above, we get,

$Producer's Surplus = 500 - (100+50+75)$

$Producer's Surplus = 275$

8 0

3 years ago