Principal rate is the amount which is gotten after parameters like the interest which is inversely proportional to the time multiplied by the rate of the amount for a specified amount of time.
Mathematically, it is represented as Principal= Interest/Time x Rate
As a result of this, we can see that the principal rate is a part of the parameters which is used to calculate the Simple Interest of a specified amount of money for a certain amount of time.
Please note that your question is incomplete so I gave you a general overview so that you would get a better understanding of the concept.
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Answer:
C. $669
Explanation:
Shenzhen Co. Uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are ÂŁ420,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of ÂŁ1,500. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of ÂŁ740 instead of a credit balance of ÂŁ1,500, determine the amount to be reported for bad debt expense.
Based on the information given the appropriate journal entry to record bad debt expense for the year is:
a. Shenzhen Co. Journal entry
Debit Bad Debt Expense $2,700
Credit Allowance for Doubtful Accounts $2,700
[(1%×$420,000)-$1,500]
(To record bad debt expense)
b. Bad debt expense
Bad debt expense=[(1%×$420,000)+$740]
Bad debt expense=$4,200+$740
Bad debt expense=$4,940
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If you get an email from your bank on its official stationery that asks for your account number, what should you do
When an email is received in one's bank name and asks for account number, it is more likely a fraud and should be reported immediately.
It is very uncommon and rare for bank to contact an account-owner and when they does, it is usually for complicated situations, complimentary messages, product offers etc
This type of message received (in question) are usually from a malicious party disguising as you bank and it is referred to as email phishing.
In conclusion, when an email is received in one's bank name and asks for account number, the intent is more likely a fraud and should be reported immediately to necessary department.
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Question 2 of 10
Which of the following are possible negative consequences of filing for
bankruptcy?
O A. Loss of employment
OB. Reduced and consolidated debt
O C. Increased credit score and reduction of debt
O D. Loss of property and lowered credit score
Answer:
D
Explanation:
The possible negative consequences of filing for bankruptcy is loss of property and lowered credit score. Option D is an appropriate response.
What is bankruptcy?Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by a court order that is frequently requested by the debtor. An organization files for bankruptcy when it is unable to pay its creditors or honor its financial commitments.
Bankruptcies are seen negatively by prospective lenders and are recorded as bad information on your credit report. If creditors discover a bankruptcy on your credit report, they can opt not to grant you credit or, if they do, they might do so with more expensive interest rates and unfavorable terms.
Your credit scores may suffer if you declare bankruptcy. Hence, the appropriate response is option D.
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The Khaki Corporation has the following budgeted sales data:
January February March April
Cash Sales $70,000 $90,000 $80,000 $70,000
Credit Sales $400,000 $350,000 $300,000 $320,000
The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be:T____________
The Khaki Corporation's budgeted cash receipts for April is $383,000.
Data andCalculations:
January February March April
Cash Sales $70,000 $90,000 $80,000 $70,000
Credit Sales $400,000 $350,000 $300,000 $320,000
Cash collections:
40% sales month $160,000 $140,000 $120,000 $128,000
50% 1st month $200,000 $175,000 $150,000
10% 2nd month $40,000 $35,000
Total collections from credit sales for April $313,000
Cash Sales $70,000 $90,000 $80,000 $70,000
Total budgeted cash receipts for April = $383,000
Thus, the budgeted cash receipts for the month of April would be $383,000.
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how much does the dow have to drop to suspend trading
Answer:
Circuit breakers halt trading on the nation's stock markets during dramatic drops and are set at 7%, 13%, and 20% of the closing price for the previous day. The circuit breakers are calculated daily
Anchor Resort and Casino surveils its customers and employees through a complex network of recorded video; undercover security agents; and weighing chips, cards, and coins for key transactions. What potential disadvantage of monitoring employees should Anchor managers consider
The potential disadvantage of monitoring employees that Anchor Resort and Casino managers do is that extensive monitoring can make employees feel that Anchor Resort doesn't trust them.
In a Casino where there is a high currency circulation and whose games can be more susceptible to fraud, it is necessary to have more regulation and monitoring, but when it becomes an excessive practice it can encourage employee turnover and demotivation.
There must be a mutual trusting relationship between a company and an employee, as a positive relationship generates greater job satisfaction, greater motivation and generates an organizational culture focused on development.
Therefore, Anchor Resort and Casino can develop a strategy to increase trust in the relationship among employees through training, open communication, feedback and encouraging positive practices in the company.
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As some of the earliest management theories, scientific management and administrative management comprise the ________ viewpoint. behavioral quantitative systems contemporary classical
The management viewpoint which is made up of the scientific management and administrative management is known as:
E. Classical viewpointAccording to the given question, we are asked to state the name which is given to the management viewpoint which is made up of the scientific management and administrative management.
As a result of this, we can see that this is one of the earliest management theories as this has to do with the different methods of managing people and resources in a market system.
Therefore, the correct answer is option E
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Sales revenues are usually considered earned when.
Answer:
Revenues, which are derived from an entity's main activities such as the sale of merchandise or the performance of service, are considered to be earned when the earning process has been substantially completed.
Explanation:
a fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a __________ plan.
There are different types of benefit plan. A fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a cafeteria-style plan.
Fringe Benefits is simply regarded as Benefits such as sick-leave pay, vacation pay, pension plans etc., that stands for an additional compensation given too an employees that is far above base wages.
A cafeteria-style plan is a plan that gives employees coverage of expenses in cases like prescription medicine through the withholding of a part of their pre-tax salary.
Employers do gain through the use of these plans as they will not pay FICA on cafeteria-style benefits plans.
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When additional stock is issued to finance implementation of strategy, the existing stockholders' ownership and control of the enterprise are strengthened.
There different ways to handle stocks. When additional stock is issued to finance implementation of strategy, the existing stockholders' ownership and control of the enterprise are strengthened. is a true statement.
Stock is often described as the ownership of the stockholders in a specific company. An individual or a company can holds shares. They are called shareholders of the company and holds voting rights in important matters.
The ownership of the stockholders will rise when the stock is issued as a part of the business strategy.
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evans & sons, inc., sold $100,000 face value, six percent coupon rate, four-year bonds, for an aggregate issue price of $95,000. calculate the total interest expense to be recorded by the company over the four-year life of the bonds.
The total interest expense to be recorded by the company over the four-year life of the bonds is $29,000.
Using this formula
Total Interest expenses=(Face value× Coupon rate× Bond year)+(Face value-Issue price)
Let plug in the formula
Total Interest expenses=($100,000 x .06 x 4) +($100,000-$95,000)
Total Interest expenses= $24,000+$5,000
Total Interest expenses=$29,000
Inconclusion the total interest expense to be recorded by the company over the four-year life of the bonds is $29,000.
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The number of shares issued represents the number of shares ______. Multiple choice question. the company is allowed to sell sold less repurchased sold repurchased
Answer:
sold
Explanation:
Which of the following best describes the law of demand?.
Answer:
theres no options
Explanation:
A townhouse is purchased for $475,000. If the transfer tax is $2.00 on the first $1,000. and $0.10 for each additional $100., how much are the transfer taxes?
Based on the information given the amount of the transfer taxes is $476.
Using this formula
Total transfer tax=[(Purchased price+ First transfer tax)×(Additional tax)]+Transfer tax
Let plug in the formula
Total transfer tax=[($475,000-$1,000)×($0.10/$100)]+$2
Total transfer tax = ([$474,000 x .001] + $2)
Total transfer tax=$474+$2
Total transfer tax=$476
Inconclusion the amount of the transfer taxes is $476.
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Suppose you are travelling in France, and you want to purchase a botte of wine that costs 20 euros. The exchange rate is 0.90 euros per dollar. In U.S. dollars this wine would cost:
In US dollars, the wine would cost $22.22.
Exchange rate is the rate at which the currency of one country is exchanged for the currency of another country. Based on the information provided in the question, $1 exchanges for 0.90 euros.
Value of the wine in dollars = cost of win in euros / exchange rate
20 /0.9 = $22.22
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The simple interest on $400 at 5% per annum for 2 years is.:
The simple interest amount that $400 principal will earn in 2 years at the rate of 5% is $40.
Data and Calculations:
Principal amount = $400
Simple Interest rate = 5% p.a.
Time = 2 years
Simple interest amount = $40 ($400 x 5% x 2)
The simple interest does not enjoy the power of compounding that increases savings.
Thus, the simple interest that the principal will earn in 2 years at the rate of 5% is $40.
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An investor buys a call at a price of $4.50 with an exercise price of $40. At what stock price will the investor break even on the purchase of the call
Answer:
44.50
Explanation:
I think your just suppose to add the numbers together.
An investor buys a call at a price of $4.50 with an exercise price of $40. At 44.50, the stock price will the investor break even on the purchase of the call.
What is stock?The term stock refers to the product are the ready to the sale for the bulk in the production. The stock is always in the bulk in items. The stock is the measured according to the quantity. The stock was ready to be delivered to the wholesaler.
According to the 44.50, the stock price will the investor break even on the purchase of the call.
The given amount was the based on the price of $4.50.
The exercise price of $40.
Determine was the stock:
Break even price: $44.50
40 +4.5 = 44.50
As a result, the 44.50 stock price will the investor break even on the purchase of the call.
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A report that details prevention, appraisal, internal failure, and external failure costs is called a ________.
Answer: quality cost report
Explanation:
I just checked it and got it right.
Martin puts his weekly paycheck into his checking account. In which column should he write the value of his paycheck? A checking account has columns check number, debits, deposits, balance. Deposits Balance Debit Check number
Answer:
a. Deposits
Explanation:
Answer:
A: Deposits
On Edge
a coworker has asked you to help him with something very important. you have a lot work to do yourself. what would you be most and least likely to do?
Rendering assistance could be very tough in certain scenarios such as when the individual whose assistance is needed has a lot do. In such case, the least which one could do is to take up the task from the coworker while the most likely is to give a guideline how to get the task done.
Completely shutting out a coworker could be very bad as it could result as the foundation for a toxic relationship. However, the most likely help that could be rendered is to give an helpful guideline on how to go about the task. On the other hand the least likely, would be to take up the coworker's task and abandon mine.Learn more : https://brainly.com/question/25600647
The United States, making up less than 5 percent of the world's population, uses more than ___ of the world's commercial energy production.
Despite that the country takes less than 5% of world population, it accounts for more than two-third of the world's commercial energy production.
The use of commercial energy production in this context entails use of resources like electricity, coal, advanced petroleum products, nuclear materials etc
These resources are in massive use in United States for generation of electricity, agricultural, transportation, commercial development etc
Therefore, the answer is that United States uses more than two-third (2/3) of the world's commercial energy production.
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What would the new optimal solution of product 3 sold for $15, and 100 hours of labor could be purchased?.
Answer:
I don't know sorry sorry forgive me
Explanation:
sorry
granting a pharmaceutical company a patent for a new medicine will lead to
Doing such to a pharmaceutical company would lead to option b: (i) and (ii) only:
A product that is priced higher than it would be without the exclusive rights.Incentives for pharmaceutical companies to invest in research and development.When a pharmaceutical company gets a patent, they will become a monopoly for the medicine in question. This will allow them to charge a higher price for the drug seeing as they have no competition.
It will also act as an incentive to other companies to develop more drugs because they will get a chance to benefit alone from the drug.
In conclusion, such a patent would lead to a higher price and act as an incentive.
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The most important labor force issue for developed economies is their _________ populations. global diverse aging all of these
The percentage of total industry output accounted for by the largest firms in an industry is called the:
Answer:
A B
A concentration ratio is used to measure... market dominance
Percentage of total industry output accounted for by the largest firms in the industry is termed... the concentration ratio
The sum of the squared market shares of each firm in an industry is termed ... the Herfindahl-Herschman Index
Explanation:
True or false: The Malcolm Baldrige National Quality Award is to honor companies that show quality in seven key areas and have customer satisfaction ratings higher than competitors.
Answer:
True
Explanation:
If you need more reassurance look the award up. Plz give brainliest!
a pilot applies for life insurance. the insurer approves the application with a $10 additional monthly premium modification due to the risk involved. the pilot declines the additonal premium modification. the insurer will then likely issue the coverage with a(n)
Considering the situation described, the insurer will likely issue the coverage with an Aviation Exclusion.
The addition of Aviation Exclusion risk would curb the insurer's liability to that risk associated with the insurance contract.
This implies that considering the tendency of a pilot to die (not as a fare-paying passenger) in a plane crash or Aviation accident. Still, as a pilot, the addition of Aviation Exclusion would limit or void the insurance policy related to life.
Hence, in this case, it is concluded that the correct answer is "Aviation Exclusion."
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How do fast-food restaurants rationalize the process of providing food to customers, according to Robin Leidner in Fast Food, Fast Talk
According to Robin Leidner, fast-food restaurants rationalize the process of providing food to customers by developing standardized scripts for employees to use when dealing with customers.
There are many advantages associated with the fact that fast-food chains develop standardized scripts for customer service, as this way, they ensure compliance and quality of processes.
Standardization in fast-food restaurants therefore ensures faster service, mechanization of processes and higher quality in food production, since production and service standards must be followed in any unit of a fast-food chain.
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The _____ established a minimum wage and overtime pay for employees working more than 40 hours a week.
According to the historical and information record, the Fair Labor Standards Act of 1938 established a minimum wage and overtime pay for employees working more than 40 hours a week.
Fair Labor Standards Act of 1938 was made to improve the working conditions of employees and also protect their rights against exploring employers.
The Fair Labor Standards Act of 1938 established standards on minimum wage, working hours, and oppressive child labor.
Hence, in this case, it is concluded that the correct answer is the "Fair Labor Standards Act of 1938."
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How to calculate percent yield.
Answer:
experimental yield divided by theoretical yield multiplied by 100
Explanation: