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2 years ago

Instruction: Read each question, then select your answer choice.

Business

2 answers:

MArishka [77]2 years ago

8 0

Answer:

<h2>Physical Resourcers</h2>

Explanation:

Trava [24]2 years ago

7 0

Physical resources - that’s the answer

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At December 31, 2021, Sunland Company had a credit balance of $15,300 in Allowance for Doubtful Accounts. During 2022, Sunland w

andrezito [222]

Answer:

See below

Explanation:

During 2022, Sunland Company wrote off accounts totalling $12,800

Entry

Allowance for doubtful account Dr $12,800

---------- To Accounts receivable Cr $12,800

(Being entries to write off accounts initially provided for)

Only one of those accounts ($1,700) was later collected

Entry

Cash account Dr $1,700

----------- To Bad debt expense Cr $1,700

(Being entries to record receipt of cash from account previously written off)

At December 31, 2022 an aging schedule indicated that the balance in Allowance for Doubtful accounts should be $26,800

Entry

Bad debt expense Dr $24,300

---------------- To Allowance for doubtful debt Cr $24,300

(Being entries to recognize bad debt expense at year end based on aging schedule)

Workings

Adjustment required for doubtful accounts

= $26,800 - ($15,300 - $12,800)

= $24,300

3 0

3 years ago

Six equal partners own a local pizzeria. The partners have made a tremendous profit and bought many personal items such as cars,

Tanya [424]

Answer:

Money to be paid by each partner individually is $112,500

Explanation:

Let A and B are partners of a share amount Z

If A's amount is x and share of B's amount is y, then share of A is calculated as

x / (x + y) * z

Number of partners in Pizzarie is 6 with all having equal shares

Value of business is $675,000

Damage to be paid is $1.2 million

Hence, the money to be paid by each partners individually is:

= $675,000 / 6

= $112,500

Therefore, money to be paid by each partner individually is $112,500

5 0

3 years ago

Many large, packaged goods marketers like Procter & Gamble, Kraft, and Pillsbury have used the product manager (or brand man

katrin2010 [14]

Answer:

C. Product managers have direct responsibility for research and development of new products

Explanation:

The position of Product manager is an <u>all-encompassing role</u>. He is tasked with the job of ensuring the members of the team are up and doing; he ensures each member of the team supplies considerable input to the end that the team effort can be evidently seen. The Product manager is also saddled with the responsibility of ensuring swift communication amidst all parties; he splits complex tasks into easily understandable processes. He sets the target and goal for each team member; he is the one who accesses and optimizes team members' performances.

Despite and inspite of these varying responsibilities, the biggest and most vital task of the Product manager is to research products, assess the market (customers), create services/products which are innovative and solve critical problems thereby, adding value to the customer base. The more information he has about the market and need of the customers, the better he is able to tailor the products and services rendered to address those needs. Overall, the Product manager due to his extensive involvement and oversight, he ensures that the chances of product failure is significantly reduced.

<u>In the light of the explanation above, Option C. (Product managers have direct responsibility for research and development of new products) is the correct answer</u>.

4 0

3 years ago

Silas Paving Co. contracts to buy some construction machinery from Massive Earthmovers, Inc. Before either party performs, Massi

Westkost [7]

Answer:

a. demand assurances of performance from Massive.

Explanation:

When Silas Paving Co finds out about the sale of Massive Earthmovers assets to Phoenix Equipment corp, it should find out from Massive if there is still assurance of performance on their contract. If assurance is given by Massive that the contract still holds then Silas Paving Co does not need to worry.

If however there is no assurance from Massive then Silas will be able to take action against Massive for breach of contract.

5 0

3 years ago

A benevolent social planner would prefer that the output of good x be decreased from its current level if, at the current level

Orlov [11]

Answer:

Explanation:

social value = private value = private cost < social cost.

6 0

3 years ago