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3 years ago

Why would deca, an international association of marketing students, be classified as a nonprofit organization?

1 answer:

5 0

<span>It functions like a business but uses the money it makes to fund the cause identified in its charter. The student organization does not make any profits on their activities and instead donates them to charity.</span>

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In the context of skills of successful managers, making sacrifices to encourage and promote desired outcomes in an organization

Zielflug [23.3K]

Answer: monitoring operation

Explanation:

Monitoring operations requires management oversight, employee feedback and customer reviews. It can help provide specific directions for employees, which can lead to improved time management and increased productivity.

4 0

3 years ago

The purchase of a used pickup for $9,000 is being considered. Records for other vehicles show that costs for oil, tires, and rep

oee [108]

The equivalent uniform annual cost is $4,500 with a 10,000 mileage and $5,510 with 15,000 mileage.

<h3>What does mileage cost?</h3>

The cost per mileage depends on the total miles traveled especially in a given period of time. The distance is multiplied by the mileage rate to obtain the mileage cost.

<h3>Data and Calculations:</h3>

Cost of used pickup van = $9,000

Costs of oil, tires, and repairs = $990

Fuel costs per year for 10,000 miles = $990

Fuel costs per year for 15,000 miles = $1,495 ($990/10,000 x 15,000).

Salvage value after 5 years drops by 8% per mile per year

Deprecation expenses per year = $1,800 ($9,000/5)

Interest rate = 8%

Annual interest = $720

Equivalent uniform annual cost for 10,000 mileage = $4,500 ($1,800 + $990 + $990 + $720)

Equivalent uniform annual cost for 15,000 mileage = $5,510 ($1,800 + $1,495 + $1,495 + $720)

Thus, the equivalent uniform annual cost is $4,500 with a 10,000 mileage and $5,510 with 15,000 mileage.

Learn more about vehicle mileage calculations at brainly.com/question/24787693

7 0

2 years ago

Southwest Pediatrics has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $121,000; All

kogti [31]

Answer:

Bad debt expense $ 26,300

Allowance for Uncollectible Accounts $ 26,300

Explanation:

Initial Balance

Accounts Receivable $ 121,000

Allowance for Uncollectible Accounts $ 2,100 - Debit

Bad Debts Expense = 20% / Accounts Receivable $ 24,200

Adjusting Entry

Bad debt expense $ 26,300

Allowance for Uncollectible Accounts $ 26,300

Final Balance

Accounts Receivable $ 121,000

Allowance for Uncollectible Accounts $ 24,200 - Credit

Accounts Uncollectible are those credit that the company give and there are not chances of been collected.

When the customers buy products on credits but then the company can't collect the debt, then it's necessary to write off the unpaid bill as uncollectible

One way it's to write-off directly the bad debts at the moment decided that the credit are uncollectible, the total amount it's reported as bad debt expenses which affect negativly the income statement and the accounts receivable are reduce in the same amount, less assets.

The other way it's to determine a percentage of total amount of accounts receivables as uncollectible, exist many ways to analize the accounts receivable and figure the value of uncollectible.

When the company have the percentage of uncollectible accounts the journal entry required is Bad Expenses (debit) with Allowance for Uncollectible Accounts (credit)

At the moment of the write-off as the expenses were before recognized we only use the Allowance for Uncollectible Accounts (Debit) with Accounts Receivable (Credit), with this we are recognizing the uncollectible credit of the company.

6 0

3 years ago

Assume that a Japanese car manufacturer exports cars to U.S. dealerships, which are priced in yen. The demand for those cars dec

Fantom [35]

Answer:

producing more automobiles in the U.S.

Explanation:

6 0

2 years ago

During a period, an RV company purchased three vehicles for $33,000, $46,000, and $24,000, and sold two of them for $125,000. Us

Georgia [21]

Answer: $68,000

Explanation:

If the inventory that remains is the $46,000 then that means that the cars costing $33,000 and $24,000 have been sold.

With specific identification, the actual prices of the stock are used so the cost of goods sold is:

= 24,000 + 33,000

= $57,000

The gross profit is therefore:

= Sales - Cost of goods sold

= 125,000 - 57,000

= $68,000

7 0

2 years ago