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diamong [38]
3 years ago
13

The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.

Business
1 answer:
lara [203]3 years ago
8 0

Answer:

The correct answer is $13.900.

Explanation:

To carry out the verification balance, the nature of the accounts presented in the normal balance of the organization must be taken into account. We have that the assets and income have a debit nature, so it is necessary that the corresponding to that premise are:

Accounts receivable $ 1,800 - Active

Insurance expenses $ 1,300 - Expenses

Prepaid insurance $ 2,000 - Expenses

Land $ 3,000 - Active

Cash $ 3,200 - Assets

Salary Expenses $ 1,400 - Expenses

On the other hand there are accounts that despite being of a credit nature, have credit movements as a result of ordinary activities, which would be:

Dividends: $ 1,200 - Debit nature liability

TOTAL DEBITS: $ 13,900

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A company undergoing _____ completely redesigns its work processes, hoping for dramatic improvements in the efficiency and effec
netineya [11]

Answer: Business process re-engineering

Explanation:

Business Reengineering is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed” – Michael Hammer and James Champy

Business process reengineering is an approach used to improve organizational performance by increasing the efficiency and effectiveness of processes that exist across the organization. In addition to the redesigning of business processes, it also involves the redesigning of associated systems and organizational structures.

5 0
3 years ago
Which of the following characteristics differentiates a firm in an oligopolistic market from a firm in a perfectly competitive m
Oliga [24]

Answer:

A) A firm in an oligopolistic market has to consider its own impact on price when making production decisions

Explanation:

A perfectly competitive market is a market with many firms selling identical product. There are free entry and free exist and the decision of a firm does not affect the price in the market as all firms are price takers. Therefore, each firm is independent under perfectly competitive market and production decisions of a firm in a perfectly competitive market does not affect the price in the market nor will it cause any reaction from other firms.

However, Oligopolistic market is a market where there are few firms which are 3 or more firms but not more than 20 firms selling identical or differentiated product.. Firms in oligopolistic market are interdependent which implies that the decision of one firm can affect price and this can cause reaction from other firms and then lead to a price war. A price war occurs when each firm continually reduces its own price in order to increase its market share which causes other firms to react reducing their own prices and this will make none of the firms to gain in the end. In order to avoid the price war, each firm in an oligopolistic market has to consider its own impact on price when making production decisions.

6 0
3 years ago
Uncollectible accounts are determined by the​ percent-of-sales method to be ​% of credit sales. How much is​ uncollectible-accou
lesya [120]

Answer:

$1,160

Explanation:

<em>Hie, I have attached the full question as an image below.</em>

The firm usually makes provision for certain amounts so as not to overstate their profits. This expected as it is prudent than reporting profits that might never occur. Provisions of Uncollectible accounts are examples of such amounts.

An increase in Uncollectible amount compared to the opening balance is treated as an Expense in the Income Statement whilst a decrease is treated as an Income.

For this question, we are told that Uncollectible accounts are determined by the​ percent-of-sales method to be ​4% of credit sales. Thus calculation of the 2012 uncollectible-account expense is as follows :

Credit Sales - 2012 = $44,000

Beginning Balance in allowances = $600

Therefore,

Uncollectable Amount (2012) = Credit Sales x percent-of-sales

                                                 = $44,000 x 4%

                                                 = $1,760

The Uncollectable amount has increased by $1,160 ($1,760 - $600)

Conclusion :

The collectible-account expense for 2012 is $1,160

 

7 0
3 years ago
You are involved in training and development for your division at dunder mifflin inc. you want to target some specific organizat
grigory [225]
<span>You will probably first have to address the skill category termed​ basic skills. Basic skills include what you would imagine everyone in a work environment can do and knows about their job. Training that allows them to understand how the insides of the </span>business works, working with one another, customer service, equipment organization and much more. 
4 0
3 years ago
A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,500,000 and can be sold for $
tresset_1 [31]

Answer:

d) $677,532.

Explanation:

1.

Written down value of the equipment after 4 years = Cost x ( 100% - 1st year MACRS - Second-year MACRS - Third-year MACRS - Fourth-year MACRS ) = $3,500,000 x ( 100% - 20% - 32% - 19.20% - 11.52% ) = $604,800

2.

Now calculate the gain on the sale of equipment

Gain on the sale of equipment = Sale Price - Written down Value after 4 years = $715,000 - $604,800 = $110,200

3.

Tax owed = Gain on the sale x Tax rate = $110,200 x 34% = $37,468

After-tax salvage value = Sales price - Tax = $715,000 - $37,468 = $677,532

4 0
3 years ago
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