Estimates of SEC made every period in the normal course of accounting for things like uncollectible accounts or inventory obsolescence do not need disclosure of such effects; nevertheless, disclosure is necessary if the impact of a change in the estimate is significant.
<h3>
What is SEC?</h3>
After the 1929 Wall Street Crash, the U.S. Securities and Exchange Commission (SEC) was established as an independent agency of the federal government of the United States. The SEC's main goal is to uphold the law against market manipulation.
The Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002, and other laws are enforced by the SEC in addition to the Securities Exchange Act of 1934, which established it. Section 4 of the Securities Exchange Act of 1934, also known as the Exchange Act or the 1934 Act and currently codified at 15 U.S.C. 78d, established the SEC.
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The value of the investment could be unpredictable when the investment is volatile. To add up, the fluctuation patterns of the value could be a lot different than it should be. It can be observed in a graph that the curve just suddenly rises and falls covering only a smaller amount of time.
Answer:
1. $13,500
2. $13,500
3. $336,500
Explanation:
1. Bad debt expense:
= Sales × Percent of sales uncollectible
= $900,000 × 1.5%
= $13,500
Therefore, the bad debt expense for the year 2019 is $13,500.
2. Allowance for Doubtful accounts = $13,500
3. For the end of 2019, what is the company's net realizable value:
= Accounts receivable - Allowance for Doubtful accounts
= $350,000 - $13,500
= $336,500
Answer:
The institutional structure is that part of the organization most visible to the outside public
Explanation:
An organization ecosystem is defined simply as a system formed by the relationship or interactions of a community of organizations and their environment.
Organizational niche:
is simply an area, region or domain of unique environmental resources and needs.
An Organization is simply defined as a body or and entity that have clear inside/ outside boundary that work towards an explicit aims.
The institutional view is of the notion that when an organizational field is just getting started, diversity is the norm, but later there is a push for similarity.
Answer:
C 503,980 dollars
Explanation:
![\left[\begin{array}{ccccc}&General&Physical&Sales&After-sales\\$General&&2,000&27,000&14,000\\$Physical&1,000&&38,000&7,000\\$Direct \: Cost&36,550&70,300&412,500&480,880\\$Allocate G&-36,550&1,700&22,950&11,900\\$Subtotal&0&72,000&435,450&492,780\\$Allocate P&0&-72000&60,800&11,200\\$Total&&&496,250&503,980\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D%26General%26Physical%26Sales%26After-sales%5C%5C%24General%26%262%2C000%2627%2C000%2614%2C000%5C%5C%24Physical%261%2C000%26%2638%2C000%267%2C000%5C%5C%24Direct%20%5C%3A%20Cost%2636%2C550%2670%2C300%26412%2C500%26480%2C880%5C%5C%24Allocate%20G%26-36%2C550%261%2C700%2622%2C950%2611%2C900%5C%5C%24Subtotal%260%2672%2C000%26435%2C450%26492%2C780%5C%5C%24Allocate%20P%260%26-72000%2660%2C800%2611%2C200%5C%5C%24Total%26%26%26496%2C250%26503%2C980%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We determinate each service deparment rate:
general: 36,550 / (2,000 + 27,000 + 14,000) = 0.85
we then assign cost of general department and repeat the process for physical
then for physical we do the same:
72,000 / (38,000 + 7.000) = 1.60
