Answer:
Explanation:
The journal entries are shown below:
1. Allowance for Doubtful Accounts A/c Dr $ 13,300
To Accounts receivable A/c $ 13,300
(Being written off amount is recorded)
2. Accounts receivable A/c Dr $3,200
To Allowance for Doubtful Accounts A/c $3,200
(Being reverse written off)
3. Cash A/c Dr $3,200
To Accounts receivable A/c $3,200
(Being amount collected)
4. Bad debt expense A/c Dr $19,300
To Allowance for doubtful debts $19,300
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
Ending balance of Allowance for Uncollectible Accounts = Beginning balance of Allowance for Uncollectible Accounts + 2019 bad debts - 2019 write off amount + collected amount
$27,200 = $18,000 + 2019 bad debts - $13,300 + $3,200
$27,200 = $7,900+ 2019 bad debts
So,2019 bad debts = $27,200 - $7,900 = $19,300
Answer:
In this situation, most of the NASA workforce would still be composed of austronauts with jet fighter experience because they would be lured by the higher wages offered to them.
However, the difference would lie in that there would also be some austronauts without jet figther experience, who would still try to get into NASA, despite being offered lower wages.
This is a different situation to the current one, where jet fighter experience is an requirement to become a NASA austronaut, which means that those without this type of experience are barred from entering NASA, no matter how low of a wage they would be willing to take.
Offering higher salaries to astronauts with jet fighter experience may attract more qualified candidates with these skills, as these prepare them for the extremes of space travel. Yet, this could create salary disparity and undervalue other essential astronautical skills and experience.
If NASA were to revise their hiring strategy and offer higher salaries to astronauts with jet fighter experience, it might increase the number of qualified applicants with this specific type of experience. Jet fighter experience and the associated G-force training in simulators is highly valuable in the space industry as it prepares individuals for the extreme forces experienced during space travel. Furthermore, adapting to zero G (free fall or weightlessness), another specific aspect of astronaut training, could be an easier transition for those with jet fighter background.
However, this kind of strategy might create a salary disparity among astronauts, potentially leading to dissatisfaction among those without jet fighter experience. It's important to remember that there are many valuable skills and experience required in space exploration, not just those gained through jet fighter training. Higher salaries based purely on jet experience might overlook other important attributes and qualifications.
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b. The company paid $6,000 cash in advance for prepaid insurance coverage.
c. The company purchased $800 of supplies on account.
d. The company paid $600 cash for selling expenses.
e. The company received $6,000 cash for services provided.
f. The company paid $800 cash toward accounts payable.
g. The company paid $4,000 cash for equipment.
Here are the general journal entries for each of the transactions:
a. D. Belle invested in the business with cash, equipment, and web servers in exchange for common stock:
b. The company paid in advance for insurance coverage:
c. The company purchased supplies on account:
d. The company paid cash for selling expenses:
e. The company received cash for services provided:
f. The company paid cash to settle accounts payable:
g. The company paid cash to acquire equipment:
Journal entries are the chronological recordings of financial transactions in a company's accounting system. They serve as a detailed record, documenting each transaction's effects on various accounts, such as assets, liabilities, revenues, and expenses.
Journal entries provide a clear audit trail, helping track the flow of money and enabling the creation of financial statements.
They act as the foundation for accurate financial reporting, facilitating transparency, analysis, and decision-making within an organization.
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This question is about preparing general journal entries for various transactions in Belle Co.'s business. The company engages in activities such as investing cash and equipment, purchasing supplies on account, and receiving cash for services provided. The journal entries for each transaction are provided in the response.
Journal Entry a:
Debit: Cash ($5,900) + Equipment ($6,900) + Web servers ($12,900)
Credit: Common stock ($25,700)
Journal Entry b:
Debit: Prepaid Insurance ($6,000)
Credit: Cash ($6,000)
Journal Entry c:
Debit: Supplies ($800)
Credit: Accounts payable ($800)
Journal Entry d:
Debit: Selling expenses ($600)
Credit: Cash ($600)
Journal Entry e:
Debit: Cash ($6,000)
Credit: Service revenue ($6,000)
Journal Entry f:
Debit: Accounts payable ($800)
Credit: Cash ($800)
Journal Entry g:
Debit: Equipment ($4,000)
Credit: Cash ($4,000)
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Answer:
P/E Ratio = 12x or 12 times
Explanation:
We know that the P/E ratio is calculated by dividing the price per share by the earnings per share or EPS.
P/E = Price per share / Earnings per share
We already have EPS. We need to calculate the price per share.
It is given that book value per share is $20 and the market to book ratio is 1.2x or 1.2 times. Using the formula for market to book ratio, we calculate the market price per share to be,
M/B = Market price per share / Book value per share
1.2 = Market price per share / 20
20 * 1.2 = Market price per share
Market price per share = $24
So, P/E ratio = 24 / 2
P/E Ratio = 12x or 12 times
The Price/Earnings (P/E) ratio for the company is 12, indicating that investors are willing to pay 12 times the company's earnings per share (EPS) for its stock based on its current market price.
The Price/Earnings (P/E) ratio is calculated by dividing the market price per share by the earnings per share (EPS).
- EPS = $2.00
- Market/Book Ratio = 1.2x
- Book Value per Share = $20
Market Price per Share = Market/Book Ratio * Book Value per Share
= 1.2 * $20
= $24
Now, calculate the P/E ratio:
P/E Ratio = Market Price per Share / EPS
= $24 / $2.00
= 12
The P/E ratio for the company is 12.
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contractionary fiscal policy, which includes a reduction in government spending by more than $500 million.
contractionary fiscal policy, which includes a reduction in government spending by less than $500 million.
expansionary fiscal policy, which includes an increase in government spending by $500 million.
expansionary fiscal policy, which includes an increase in government spending by more than $500 million.
expansionary fiscal policy, which includes an increase in government spending by less than $500 million.
Answer:
The correct answer is the first option: contractionary fiscal policy, which includes a reduction in government spending by $500 million.
Explanation:
On one hand, Gross Domestic Product, or GDP, is the name given in the field of economics, to the term that refers to a monetary measure of the market value of all the goods and services that are produced in the economy of a country in an specific time period of evaluation.
On the other hand, a contractionary fiscal policy indicates the fact of reducing the amount of money spent in the economy, therefore that the main focus of this type of policy is to try to lower the public expenditure basically.
Therefore that it is understandable that the correct answer is the first option where the action would be of reducing the government spending by $500 million, according to what the question ask.
Answer:
2. Google is an example for this type of business.
Explanation:
These terms (MIS, Value driven business, E-Business, and information security) are interlinked in today technological era of businesses.
As the example is given above about google, it is being explained right here.
As we all know google is a technology based organization which is working on the concept of Management information system. Its recent case study shows that how this organization is a value driven business.
Google actually, takes really care about its employees, it has all necessary facilities to offer for its employees such as on-site doctors, cafeteria led by famous chefs, so that means they are value driven business too.
it is also providing E-business facilities to other businesses. And its information security is one of the top on list.