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notsponge [240]
2 years ago
14

Kemala is a factory worker in Indonesia, where she earns the equivalent of roughly U.S$1 per hour producing T-shirts to export t

o the United States. Some people argue that this wage is exploitative and unfair. Why might this argument be flawed?
A. If Kemala willingly choses to work at the factory, the factory job may provide her with a better outcome than any of her next best alternatives.
B. U.S. workers deserve to make more because the cost of living in the United States is higher than in Indonesia.
C. Although Kemala may have chosen badly in taking the factory job, the job provides a level of income to which people in developing countries have become accustomed.
D. American consumers believe that exploitation of labor is an acceptable side effect of globalization.
Business
1 answer:
postnew [5]2 years ago
5 0

Answer: A. If Kemala willingly choses to work at the factory, the factory job may provide her with a better outcome than any of her next best alternatives.

Explanation:

Going by standards in the United States, the wages that Kemala is earning may be tagged as exploitative. If however, it is shown that Kamala works in that factory of her own accord, then it means that the wage is not exploitative to her because she must be earning more from the factory than other alternatives to it which was why she chose to work there.

It would simple mean that the wages in Indonesia are small by American standards and not just the ones Kemala is receiving from the factory.

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The income statement approach to estimating uncollectible accounts expense is used by Kerley Company. On February 28, the firm h
erik [133]

Answer:

Feb 28.

  • Uncollectible accounts expense would amount to 1% of net credit sales made during February.  

Dr Bad Debt Expense $ 27,860

Cr Allowance for Uncollectible Accounts $ 27,860

  • On March 10, an accounts receivable from Kathy Black for $6,100 was determined to be uncollectible and written off.  

Dr Allowance for Uncollectible Accounts $ 6,100

Cr Accounts receivable $ 6,100

  • March 31, Black received an inheritance and immediately paid her past due account in full.  

Dr Accounts receivable $ 6,100

Cr Allowance for Uncollectible Accounts $ 6,100

 

Dr CASH $ 6,100

Cr Accounts receivable $ 6,100

Explanation:

February 28  

Dr Accounts receivable $ 437.000

Cr Allowance for Uncollectible Accounts $ 2.140

Net Credit Sales February $ 3.000.000

 

Uncollectible accounts expense would amount to 1% of net credit sales made during February.  

Dr Bad Debt Expense $ 27.860

Cr Allowance for Uncollectible Accounts $ 27.860

On March 10, an accounts receivable from Kathy Black for $6,100 was determined to be uncollectible and written off.  

Dr Allowance for Uncollectible Accounts $ 6.100

Cr Accounts receivable $ 6.100

March 31, Black received an inheritance and immediately paid her past due account in full.  

Dr Accounts receivable $ 6.100

Cr Allowance for Uncollectible Accounts $ 6.100

 

Dr CASH $ 6.100

Cr Accounts receivable $ 6.100

 

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % estimated of accounts receivables as CREDIT.  

 

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 necessary

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
A market segment is a group of individuals or organizations who share one or more characteristics.
Anastaziya [24]

Answer: True

Explanation: A part of population having one or more characteristics, grouped together for the purpose of marketing is called market segmentation. Market segmentation population have two or more common characteristics.

Market segmentation can be done on various different basis like geography, age or gender etc.

Hence, from the above explanation we can conclude that the statement is true.

6 0
3 years ago
When decision makers seek out information that reaffirms their past choices and discount information that contradicts past judgm
lozanna [386]

Answer:

They are exhibiting confirmation bias

Explanation:

Confirmation bias occurs when a person discards information that does not validate his pre-existing beliefs, and only takes into account the information that does validate those same pre-existing beliefs.

If a decision maker only seeks out information that does not contradict their past judgments, they are exhibiting confimation bias because they are preventing their past judgments and views from being challenged.

3 0
3 years ago
C. D. Rom has just given an insurance company $34,500. In return, he will receive an annuity of $4,200 for 20 years. At what rat
vivado [14]

Answer:

10.53%

Explanation:

In this question, we use the RATE formula that is shown in the attachment. Kindly find it below:

Data provided  

Present value = $34,500

Future value or Face value = $0

PMT = $4,200

NPER = 11 years × 2 = 22 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative

So, after solving this, the rate of return is 10.53%

8 0
3 years ago
Assume you are to receive a 10-year annuity with annual payments of $1000. The first payment will be received at the end of Year
77julia77 [94]

Answer:

d. $55,340

Explanation:

You begin to receive the annuity at the end of the year 1, so its begin to capitalize on year 2 because the first year  

there is no money to capitalize.  

The second year begin to apply over the first annuity the interest payment,the next ten 10 years from 2 to 11 the deposits start to capitalize compounded anually at 9% of interest.  

Compound interest, means that each time that the account generate interests, this total amount apply to the next period as basis to calculate the next interests, not only grows the interest payment over the initial capital if not over the past interest generated.  

At the end of the 25 years you will have $55,340 in the account available.    

$ 1,000 $ 1,090  2   Year  

$ 1,000 $ 2,278  3   Year  

$ 1,000 $ 3,573  4   Year  

$ 1,000 $ 4,985  5   Year  

$ 1,000 $ 6,523  6   Year  

$ 1,000 $ 8,200  7   Year  

$ 1,000 $ 10,028  8   Year  

$ 1,000 $ 12,021  9   Year  

$ 1,000 $ 14,193  10   Year  

$ 1,000 $ 16,560  11   Year  

        $ 18,051  12   Year  

        $ 19,675  13   Year  

        $ 21,446  14   Year  

        $ 23,376  15   Year  

        $ 25,480 16   Year  

        $ 27,773  17   Year  

        $ 30,273  18   Year  

        $ 32,997  19   Year  

        $ 35,967  20   Year  

        $ 39,204  21   Year  

        $ 42,733  22   Year  

        $ 46,579  23   Year  

        $ 50,771  24   Year  

        $ 55,340 25   Year  

3 0
3 years ago
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