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2 years ago

Investors in middle management are most likely to be investing because they're

Business

2 answers:

marin [14]2 years ago

6 0

They can offer a high ROI, i believe

Anettt [7]2 years ago

5 0

Answer:

The correct answer would be option A, there are nearing retirement.

Explanation:

When a person starts his career, he usually starts from the basic level which is normally a lower managerial job. With the passage of time, with the hard work and dedication, he manages to progress in the company and goes from one management level to the other in years. So when he reaches the middle management, he is normally near his retirement age(roughly 10 to 15 years of job years left) and wants to create a backup plan for his earnings after his retirement. So the people in the middle management are most likely to invest because of their near retirement age.

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On June 1, 2018, Perfect Performance Cell Phones sold $ 17,000 of merchandise to Ashton Trucking Company on account. Ashton fe

inn [45]

Answer:

See answers and explanation below.

Explanation:

1. Journalize the transactions for High Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold.

Date Details Dr ($) Cr ($)

1 Jun. 18 Account receivable 17,000

Sales revenue 17,000

To record sales to Ashton Trucking Company on account.

15 Jul. 18 Cash 6,000

Account receivable 6,000

To record cash received from Ashton Trucking Company.

5 Sep. 18 Bad debt 11,000

Account receivable 11,000

To record accounts receivable from Ashton written off.

5 Mar. 19 Account receivable 11,000

Bad debt 11,000

To record transfer of bad bad back toaccounts receivable.

5 Mar. 19 Cash 11,000

Account receivable 11,000

To record cash received from Ashton Trucking Company.

2. What are some limitations that High Performance will encounter when using the direct write-off method?

a. It is not in line with the matching principle. This is because bad debt expenses will not be reported in the same period they are incurred and might not be realized as bad expenses until the following period.

b. It can cause inaccurate balance sheet as it does give the actual amount of accounts receivable of a company.

c. It method of recording violates GAAP and financial statements does to present the actual financial performance of the business.

d. It overstates accounts receivable as the full amount of amount owed to the company from credit sales will be reported as accounts receivable.

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2 years ago

Sue and Neal are twins. Sue invests $5,000 at 7 percent when she is 25 years old. Neal invests $5,000 at 7 percent when he is 30

dolphi86 [110]

Answer:

Sue will have more money than Neal as long as they retire at the same time

Explanation:

Both Neal and Sue invest the same amount ($5,000) at same interest rate (7%). In the compound interest rate formula only the time is differ. When they retire at age 60, Sue has 5 years more than Neal meaning Sue earn more interest than Neal.

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2 years ago

Which mall should the company choose if revenues are expected to be $6,000,000 per year?

blondinia [14]

It A hope this helps

3 0

3 years ago

Read 2 more answers

A company had the following purchases during its first year of operations: Purchases January: 18 units at $128 February: 28 unit

Archy [21]

Answer:

$8,584

Explanation:

Cost of ending inventory can be calculated by multiplying the remaining units of the given month by their purchase cost in the following month

DATA

Total remaining units n ending inventory = 58 units

10 from January at $128

12 from February at $138

14 from May at $148

12 from September at $158

10 from November at $168

Calculation

January = 10 x $128 = $1,280

February = 12 x $138 = $1,656

May = 14 x $148 = $2,072

September = 12 x $158 = $1,896

November = 10 x $168 = $1,680

Cost of ending inventory = $8,584

7 0

3 years ago

As a major steel manufacturer, SteelMakers Inc. focuses on having the most efficient manufacturing processes in place. The compa

salantis [7]

Answer: Production orientation

Explanation: It refers to a strategy when the company focuses only to provide the best quality product in the market without taking into consideration the preference of the customers.

In the given case, Steel makers are focusing on making their business process the best in market so that they can gain a competitive advantage.

Thus, from the above we can conclude that the correct option is C.

6 0

3 years ago