Please find attached full question Answera and Explanation:
Risk posture or cybersecurity posture is the general status or overall defense of the cybersecurity program in place in an organization to guard against cyber attacks and data breaches. For a company to maintain reasonable cyber security posture as there is no fool proof cybersecurity posture, there is need for regular continuous assessment of risk exposures and potential loopholes across the company's digital infrastructure. There are different digital and sophisticated infrastructures utilized by am organizations and most if not all are well prone to cyber attacks. These infrastructures are used by employees for work e. g-email, went servers, phones, networking devices and cloud programs etc . Therefore each employee must be educated in the need to safeguard company data by looking out for traps set by cyber attackers such as phishing in email and many other loopholes. Vulnerability tests need to be performed at regular intervals and reports monitored and analyzed to protect against a potential source of cyber attack.
Answer:
$1,085,000
Explanation:
Given that,
Accounts receivable, 1/1/04 = $650,000
Credit sales for 2004 = 2,700,000
Sales returns for 2004 = 75,000
Accounts written off during 2004 = 40,000
Collections from customers during 2004 = 2,150,000
Estimated future sales returns at 12/31/04 = 50,000
Estimated uncollectible accounts at 12/31/04 = 110,000
Receivable before allowances for sales returns and uncollectible accounts:
= Accounts receivable, 1/1/04 + Credit sales for 2004 - Accounts written off during 2004 - Collections from customers during 2004 - Sales return
= $ 650,000 + $2,700,000 - $40,000 - $2,150,000 - 75,000
= $1,085,000
Answer: $220 of revenue, $440 of deferred revenue
Explanation:
Based on the information in the question, revenue will be recognised for the months of June and july which will be:
= 2/6 × $660
= $220
Deferred revenue will be:
= $660 - $220
= $440
Therefore, As of August 1st, Choplet’s accounting records would indicate $220 of revenue, $440 of deferred revenue.
Answer:
As a result of the technology change, the price of pollution will be same as price of pollution with pollution permits.
The quantity of pollution with corrective tax will be lower than quantity of pollution with pollution permits.
Explanation:
The pollution permits are issued to reduce pollution by firms. The companies will reduce the pollution and will only be able to emit pollution up to certain limit. The price of pollution with corrective tax will be same as the price of pollution with pollution permits.
The change in technology will effect an increase in the price of pollution due to the increased cost of production factoring in the social cost of pollution, hence shifting the supply curve upward. The quantity of pollution will decrease as firms adopt cheaper technologies for pollution reduction influenced by the corrective tax policy and pollution permits.
The subject of your question is concerned with corrective tax policy and pollution permits in the context of a market economy under the influence of advances in technology. Under the original conditions before the social costs of pollution are taken into account, the equilibrium was met at a pollution price of $15 with a quantity of 440. However, once the external cost of pollution has been factored in, the supply curve shifts upward, creating a new equilibrium at a price of $30 and a quantity of 410, indicating an increase in the cost of pollution and a decrease in its quantity.
These policy instruments (corrective tax and pollution permits) induce companies to invest in technologies that reduce pollution higher costs of pollution as a result of the corrective tax motivate firms to seek cheaper technologies for pollution reduction. Those with less costly ways of lessening pollution will do so to reduce their tax expense, while those who would incur large costs in doing so would opt to pay the tax. The option of pollution permits introduces a marketplace where firms can purchase the right to pollute, the cost of which is again a motivator for firms to reduce pollution. Consequently, the demand for pollution permits among firms will influence their pricing. Firms that can reduce pollution at lower costs will do so the most. With no change in demand for pollution permits or corrective tax policies, the price of pollution will change as a result of the conditions set by these policies, and the quantity will change according to the adoption of more efficient technology.
#SPJ11
Answer:
Instructions are below.
Explanation:
Giving the following information:
Unit sales price $ 30
Variable cost per unit 6
Fixed costs per year 360,000
To calculate the contribution margin ratio, we need to use the following formula:
Contribution margin ratio= contribution margin / selling price
Contribution margin ratio= (30 - 6) / 30
Contribution margin ratio= 0.8
The break-even point in dollars formula is:
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point in units= 360,000 / 0.8
Break-even point in units= $450,000
Now, the desired profit is $440,00:
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (360,000 + 440,000) / 0.8
Break-even point (dollars)= $1,000,000
Finally, the margin of safety:
Sales= 60,000*30= $18,000,000
Margin of safety= (current sales level - break-even point)
Margin of safety= 18,000,000 - 450,000
Margin of safety= $17,550,000
Answer:
(a) Journal entry for Arness Woodcrafters
Dr Cash 273,000
Dr Receivable from factor 9,000
Dr Loss on sale of receivables 26,000
Cr Accounts receivable 300,000
Cr Recourse factor 8,000
the amount of cash received = $300,000 x (1 - 6% - 3%) = $273,000
receivable from factor = $300,000 x 3% = $9,000
loss on sale = accounts receivable + recourse factor - cash - receivable = $300,000 + $8,000 - $273,000 - $9,000 = $26,000
(b) Journal entry for Commercial Factors
Dr Accounts receivable 300,000
Dr Recourse receivable 18,000
Cr Cash 273,000
Cr Accounts payable 9,000
Cr Recourse revenue 36,000
Answer:
Explanation:
Journal entry
a. Dr Cash 100750
Cr Capital- Kacy spade 100750
(Investment in company)
b. Dr Office supplies 1250
Cr Cash 1250
(to purchase office supplies on cash)
c. Dr Office equipment 10050
Cr Accounts payable 10050
( To record purchase of office equipment)
d. Dr Cash 15500
Cr Service fee income 15500
( To record service provided to customer)
e. Dr Accounts payable 10050
Cr Cash 10050
( To record payment of office equipment purchase)
f. Dr Account receivable 2700
Cr Service revenue 2700
(To record service revenue)
g. Dr Rent expense 1225
Cr Cash 1225
( To record rent expense on cash)
h. Dr Cash 1125
Dr Account receivable 1125
( To record partial collection of receivable )
i. 1) Dr Retained earning 10000
Cr Dividend payable 10000
( To record dividend yet to be to shareholder )
2.) Dr Dividend payable 10000
Cr cash 10000
( To record Payment of cash dividend)
Cash capital-kacy spade
Dr____________Cr___ ___ DR ___________Cr
100750 --- 1250 --100750
15500 ---10050
---1225
1125-- 10000
Office supplies Office equipment
Dr ____________Cr__ __ Dr _____________Cr
1250-- 10050---
Accounts payable Service fee income
Dr_____________Cr_ __ Dr ___________Cr_
10050 ---- 10050 ---- 10050
---2700
Service revenue Account receivable
Dr_____________Cr__ _ Dr ______________Cr
-- 2700----1125
rent expense retained earning
Dr____________Cr__ _ Dr __________Cr__
1225-- 10000 ---- 10000
Dividend payable
Dr_______________Cr
10000 --- 10000
Trial Balance
Cash 94850 100750 Capital-Kacy spade
Salary expense
Rent expense 1225 Account payable
Office Equipment 10050 Retained earning
Prepaid insurance 12750 Service revenue
office supplies 1250 Dividend payable
Account receivable 1575
total 108950 = 108950