tanning company analyzes its receivables to estimate uncollectible accounts. the accounts receivable balance is $340,000 and credit sales are $1,000,000. an aging of accounts receivable estimates that $13,600 of the outstanding receivables will be uncollectible. what adjusting entry will tanning company make if allowance for doubtful accounts has a credit balance of $2,800 before adjustment?

They recorded $1.2 billion in noncash expenses on their income statement.

One possible reason that Medrano could report this difference is (3.9 billion - 2.7 billion) =$1.2 billion

In accounting terms, price is the operational fee that is paid to earn business sales. It manner the outflow of cash in going back to goods or offerings. prices also can be written as the sum of all the operations that normally convey income.

Price is any specific outflow of coins or different precious belongings from a person or organization to another man or woman or enterprise. This outflow is normally one facet of exchange for services or products which have identical or higher contemporary or destiny fees to the customer than to the vendor. Technically, a fee is an event in which a proprietary stake is dwindled or exhausted, or a liability is incurred. In terms of the accounting equation, costs reduce owners' fairness.

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Complete Question:

In 2017, Medrano Manufacturing reported $3.9 billion in cash flows from operating activities but only $2.7 billion in net income. What is one reason that Medrano would report this difference?

The portfolio weight is the percentage of an investment portfolio that a particular holding or type of holding comprises.

A portfolio is a collection of financial investments like stocks, bonds, commodities, coins, and cash equivalents, inclusive of closed-end finances and alternate traded finances (ETFs). people usually agree with that stocks, bonds, and coins incorporate the core of a portfolio.

A portfolio is a collection of various forms of assets owned by a person to fulfill their financial objectives. nowadays, there are various kinds of economic assets that you can encompass in your portfolio from fairness stocks, mutual budget, debt finances, gold, belongings, derivatives, and more.

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notes payable (due in 11 months) will be reported as a long-term liability on the balance sheet.

Notes payable are long-term liabilities that show the cash an organization owes its lenders — banks and other monetary establishments as well as different wellsprings of assets like loved ones. They are long-term since they are payable past a year, however typically in five years or less.

Organizations might acquire these assets to purchase resources, for example, vehicles, hardware and devices that are probably going to be utilized, amortized and supplanted in five years or less.

A few notes payable are gotten, and that implies the leaser has a case on the borrower's resources on the off chance that installment terms are not met. Whenever got, the course of events for reimbursement could be longer.

Notes payable show up under liabilities on the asset report, isolated into "bank debt" and "other long-term notes payable". Installment subtleties can be tracked down in the notes to the fiscal reports.

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The two oligopolistic firms forming a cartel will want to set a price so that the cartel produces a quantity that is more than the allocatively efficient amount.

What is meant by oligopolistic firms?

In economics, oligopolistic firms means a small number of firms who realize they are interdependent in their pricing and output policies.

Given,

Here we need to find the missing term in the statement two oligopolistic firms forming a cartel will want to set a price so that the cartel produces a quantity that is _________ the allocatively efficient amount.

As per the definition of oligopolistic firms, if you want to set a price to cartel  then the quantity must be higher that means it will be allocatively efficient amount.

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Option (d), There are only two companies working in the same industry as one in the United States. This sector of the economy is probably an oligopoly.

A small number of companies compete in an oligopoly market and are aware of how their pricing and production strategies are interdependent. Because there are only a few number of businesses, each one has a respectable level of market power.

Oligopoly occurs when a small number of large enterprises account for all or almost all of an industry's sales. The auto industry, cable television, and commercial aviation are just a few examples of the several industries that display oligopoly.

Oligopolies can be identified using concentration ratios, which determine the proportion of the market that one firm controls. When an industry has a high concentration ratio, economists usually define it as an oligopoly.

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If total revenue increases when a firm sells more units, then marginal revenue is positive.

Marginal revenue is the growth in sales that outcomes from the sale of 1 additional unit of output. whilst marginal revenue can continue to be regular over a sure stage of output, it follows from the law of diminishing returns and will finally sluggish down as the output level increases.

Marginal revenue is a significant concept in microeconomics that describes the extra general revenue generated with the aid of growing product income by means of 1 unit.

Marginal revenue is the money a company makes for every extra sale. In other phrases, it determines how a great deal a company might acquire from selling one similarly appropriate.

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The discount rate refers to the rate of interest the fed charges for loans to banks. So option b. is correct.

The term discount rate can refer to either the interest rate that the Federal Reserve charges banks for short-term loans or the rate used to discount future cash flows in discounted cash flow (DCF) analysis. In a banking context, discount lending is a key tool of monetary policy and part of the Fed's function as the lender of last resort.

Commercial banks in the US have two primary ways to borrow money for their short-term operating needs.

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The theoretical short-run Philips curve fits these points, but not the long-run Philips curve.

The Phillips curve says that unemployment and inflation go in the opposite direction. When unemployment goes down, inflation goes up, and vice versa.

In the 20th century, the Phillips curve was used to guide macroeconomic policy, but the stagflation of the 1970s made people question it.

In the 1960s, people thought that any kind of fiscal stimulus would increase aggregate demand and set off the next steps. As labor demand rises, companies raise pay to compete and attract a smaller pool of talent. As a result, the number of people without jobs goes down, and the labor market becomes more competitive.

Because of this belief, many governments used a "stop-go" strategy in which they set a goal rate of inflation and then used monetary and fiscal measures to grow or shrink the economy to reach the goal rate.

But as stagflation got worse in the 1970s, the consistent trade-off between inflation and unemployment broke down, making it hard to believe that the Phillips curve was right.

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A tax credit is a government policy designed to motivate people and companies to spend a lot of money or to make savings by lowering the amount of taxes they must pay.

Affirmative action is defined as "actions made to improve the participation of women or minorities within occupations, fields of higher learning, and businesses from that they have historically been excluded."

However, there are still restrictions associated with employment at will because civil rights laws still exist. A person's termination is prohibited by federal law if it is due to that specific personality, race, gender, color, national origin, preference for equal pay, maternity, genetic information, religion, or handicap.

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The advantage of claiming 0 or 1 withholding allowances on the W-4 form you get when you start work If you choose option 0 or 1, more money will be withheld from your paycheck. If you file taxes, you'll probably get a tax refund.

An exemption that reduces the amount of income tax you need to withhold from an employee's paycheck is known as a withholding allowance. Fewer withholding allowances result in bigger income tax deductions, whereas larger allowances result in smaller income tax deductions. You can choose how much tax you want deducted from your pay each pay month by entering a "0" on line 5. Less tax will be deducted from your paycheck each pay period if you choose to claim 1 for yourself instead. If you claim 0 or 1 allowances, you'll probably obtain a tax refund. Claim two personal allowances for you and one for each dependent you have if you wish to get close towards withholding full exact tax liability.

If you are single and only have one job, it is normally a good idea to claim one allowance. If you are married and filing jointly, you should only claim one allowance. You would additionally claim one allowance if you filed as the household's head. Come tax season, you'll probably receive a refund. An allowance is a sum of money determined by the contract documents to be added to the agreed-upon payment to cover the expense of specific but unspecified prescribed items.

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The PCAOB's auditing requirements should be followed by auditors of American public firms.

An audits goal is to increase the level of trust that users may place in the financial statements.

The client's obligations for internal control over financial reporting and the financial statements are a crucial part of the process of developing the audit opinion.

There are five steps in the process of developing an audit opinion.

The auditing cycle technique offers a means of segmenting the audit into manageable parts.

The auditor concentrates on a certain cycle's transaction flow, including how transactions are started, approved, documented, and reported.

The audit is made to test management claims during each cycle.

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The total purchase price that Irene paid for one bond of Mick Corporation at 95.25% is $9,554.

A bond is a fixed-income bearing instrument that represents a loan made by an investor to a borrower.

Bonds are usually priced at $1,000.  With a discount of 5.25% (100-94.75),  the cost of the bond is $9,475 ($1,000 x 94.75%).

The interest accrued  on the bond from June 1 to September 6, when Irene bought the bond, is calculated as:-

Face value of the bond  = $1,000

Discounted value = $9,475

Interest rate = 8.25%

Interest for six months = $41.25 ($1,000 x 4.125%)

The number of days from June 1 to September 6 is  96 days

∴ Accrued interest = $22 ($41.25 x 96/180)

Brokerage fee = $5

Final cost of purchase = Cost of bond + Accrued interest + Brokerage fee

                                      = $9475+$22+$5

                                       = $9,502

Therefore, $9,502 is the total purchase price of the bond for Irene.

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lagging economic indicators are economic indicators.

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The law of supply and demand is a theory that aims to explain the connection between a product's price and its availability and demand, such as in the case of a security. In general, low supply and high demand increase an item's price whereas high availability and low demand lower it.

A financial instrument that is fungible and negotiable and has some kind of monetary worth is referred to as a "security."

A security can reflect rights to ownership through the ownership of an option, a creditor relationship with a governmental organization or company through the ownership of that entity's bond, or ownership of stock in a firm.

The U.S. stock market was previously governed at the state level until the Securities Act of 1933, which is the first federal law to do so.

According to the law, anyone who wants to offer investment contracts for sale to the general public must publish specific details about the intended offering, the firm doing so, and the key personnel of that company.

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The correct response is b) its marginal resource cost. The increased expense incurred by using one more unit of the input is known as the marginal resource cost.

It is calculated by dividing the variation in the total cost by the variation in the number of inputs. The increased expense incurred by using one more unit of the input is known as the marginal resource cost. It is calculated by dividing the variation in the total cost by the variation in the number of inputs. Resources also have a marginal revenue cost (MRC), which is determined by dividing the change in total resource cost by the change in unit resource amount. Press the M+ button to add a number to the calculator's memory in order to use the memory feature of the UCAT calculator. To recall this number, press the MRC button. This is especially helpful for calculating out complex powers. To calculate 17.85, for instance, type 17.8 and press the M+ button.

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if a firm employs resources in imperfectly competitive markets, to maximize its profits the marginal revenue product of each resource must equal:

a) its marginal product

b) its marginal resource cost

c) its price

d) 1

Economic winners and losers are prone to reject foreign trade since some work hard while others do not.

International trade benefits economies overall, as economists have long contended, and with good reason. However, more commerce is likely to produce both losers and winners. In fact, recent years have seen an increase in public concern over the negative effects of trade and globalisation for certain parts of society, particularly in the setting of a larger context of rising inequality in many countries. In turn, those worries are considered as contributing to the growth of populism in certain affluent nations. Given these developments and the UK's preparations to leave the EU and establish an independent trade policy, it is crucial to comprehend how potential trade agreements or changes to existing trade policy may affect economic outcomes like prices, productivity, and output, which in turn may affect people and places.

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The federal reserve can stimulate the United States economy and reduce unemployment by coming up with various monetary policies.

Unemployment is a major issue for not only the United States but many other countries of the world.

In order to enhance or stimulate the economy, various monetary policies can be launched by using the federal reserve in the United States such as purchasing of market assets, lending discounts, etc in order to stable the economy.

The economy can also be improved by introducing various skill courses from which people can learn new skills and get jobs. By doing so, the unemployment rate can be decreased in the United States.

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A household that cuts back on supermarket spending after going over budget on its food expenses is using the budget as a controlling tool.

The management can use the budget as a tool to aid in planning and controlling activities. The quantitative statement that is created and approved before a specific time period is referred to as a budget. It denotes the course of action to be taken while the goal is being achieved. There are numerous functional budgets created for diverse objectives, including:

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A measure of the economic impact of the young and old on the more economically active and productive members of a population is known as the dependency ratio.

The age dependency ratio measures the proportion of dependents—those aged 15 to 64—to the working-age population. Data are presented as the number of dependents per 100 people who are working age.

The population ages 0 to 15 is divided by the population ages 16 to 64 to calculate the youth dependency ratio. The population aged 65 and above divided by the population aged 16 to 64 is known as the old-age dependency ratio. The ratios for youth and old age together make up the total age dependency ratio.

Thus a measure in economic study of working age group is known as dependency ratio.

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If only two firms in an industry agree to fix the price at a given level, this is an example of b. collusion.

In order to raise or fix prices and decrease output in order to increase profits, sellers may combine, conspire, or come to agreements known as collusion. Context: Unlike the term "cartel," "collusion" does not always call for a formal, either public or private, an agreement between members.

Along with other things, political influence was noted as one of the main causes of collaboration. The most crucial measures to prevent collusion are empowering new contractors, a well-regulated environment, fair competition, and better procurement management.

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Increase the Required reserve / increase government spending.

Growth is the physical process of development, particularly the process of becoming physically larger. It is quantifiable, meaning that it can be measured, and it is mostly influenced by genetics. For example, the year that she was 11, Keisha got taller by two inches.

Successful personal growth is not only about the value to your own life, but value to those around you and the society. Personal growth can help you in all areas of your life. It will help you grow emotionally and psychologically to become a more loving, compassionate, and positive person.

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Your parents would open a graduation account at a bank to keep funds to use toward your college costs.

You will be granted permission to open a student bank account. After you complete your study, this account can be converted into a graduate account, which offers additional incentives and perks. Discover how to use this budgeting tool effectively both while you're a student and after you graduate, as well as the fundamental differences between accounts and which one is best for your banking needs. Your graduation account is your last chance to settle outstanding debt without incurring interest. You can set up your graduate account one year after graduating. The second year overdraft limit, which is typically smaller than the first year, will, apply to you if you wait.

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The individual's labour supply curve is backwards-sloping because when the salary increases over the threshold level, the individual can choose to spend more time in leisure activities. The right response in this case is option D.

The backwards-bending labour supply curve, on the other hand, happens when an even higher income incentivizes individuals to work less and spend more time in their free time.

We frequently see a supply curve that bends backwards in labour markets. As a result, increased salaries may eventually cause a decrease in the workforce. This happens when workers are enticed by increased compensation to work fewer hours and spend more time relaxing.

Pigeons that peck for grains have labour supply curves that slope upward at low wage rates but bend backwards at higher wage rates as the pigeons become less likely to forgo pecking in favour of other pigeon activities. Rats' and mice's labour supply curves likewise bend backwards.

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The total cost to purchase 10 printers was  $498.89. C is the right option. this is a question of geometric sequence.

A unique kind of sequence in the number series is a geometric sequence. It is a set of integers where each term is created by dividing or multiplying the one before it by a predetermined quantity called the common ratio.

From the question we have, each additional printer costs 3% less than the price of the previous printer

The first printer costs $57.

[tex]57 ( 1 - \frac{3}{100} )^{n-1}[/tex]

[tex]57 ( 1 - 0.03 )^{n-1}[/tex]

[tex]57 ( 0.97 )^{n-1}[/tex]

The formula for the sum of a geometric sequence is

[tex]\frac{a_{1}(1 - q^{n})}{1 - q}[/tex]

a1 = 57 , q = 0.97 , n = 10

[tex]\frac{57_{}(1 - 0.97^{10})}{1 - 0.97}[/tex] = $498.89

Hence, The correct option is C. $498.89

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The given question is incomplete here is the full question.

A retailer needs to purchase 10 printers. The first printer costs $57, and each additional printer costs 39% less than the price of the previous printer, up to 15 printers. What is the total cost of 10 printers?

A $552.90

B $589.00

C $498.89

D $433.33

the primary risk from incineration is the risk of contaminants leaching from the ash is true

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In exchange for an ownership share, small businesses receive financing from a group of investors known as venture capitalists.

A venture capitalist, also referred to as a private equity investor, loans money to companies with significant growth potential in lieu for an equity ownership.

This can entail offering seed money or helping start-ups gain access to equity markets so they can expand.

Investments are often made in the venture capital fund by the limited partners of the venture capital businesses that are formed.

Typically, a committee chosen by the fund makes investment decisions. The pooled investor capital is utilized to finance these enterprises in exchange for a large stock participation after potential emerging growth companies have been identified.

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when the note is paid on april 30, the entry to journalize the payment should include a debit to Interest Expense for $750

A loan made by a lender to a borrower with funds that are subject to interest accrual in accordance with the terms of the agreement is referred to as an interest bearing note. There are numerous uses for these notes. An account receivable, for instance, can be converted into a note in which the customer becomes a borrower and pays interest on what was previously an account receivable. A mortgage is another option, which requires a homeowner to agree to a lengthy series of payments that may include both principal and interest repayment, depending on the terms. A long-term loan to a company that is used to support its funding requirements over a number of years is the third type of interest-bearing note. An interest-bearing note may stipulate that the borrower repay the entire principal at the end of the term loan or in instalments over the note's duration.

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Amanda wants to be part of the most basic form of ownership for a corporation. She should invest in common stock.

A security that symbolizes ownership in a firm is called common stock. Common stock owners choose the board of directors and cast ballots for corporate rules. Long-term rates of return are often higher with this type of stock ownership.

On average and over time, common stock has shown to be a fantastic source of returns for investors through capital gains and regular dividends.

Additionally, companies gain from issuing shares since they avoid debt commitments, but some ownership interest is forfeited.

Common Stock = Total Equity – Preferred Stock – Additional Paid-in Capital – Retained Earnings + Treasury Stock.

Therefore, Amanda wants to be part of the most basic form of ownership for a corporation. She should invest in common stock.

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The Federal Reserve can increase the money supply by lowering the reserve requirements for banks, which allows them to lend more money. Conversely, by raising the banks' reserve requirements, the Fed can decrease the size of the money supply.

when the Federal Reserve decreases the reserve ratio, it lowers the amount of cash that banks are required to keep in reserves, permitting them to make extra loans to consumers and businesses. This will increase the kingdom's money supply and expands the financial system. To lower the money deliver, the Fed increases rates to borrow and discourages it. explain reserve requirements. To boom cash supply, the Fed lowers reserve requirements so banks will loan extra.

To decrease cash supply, the Fed raises reserve necessities so the banks can loan much less. by using increasing the reserve requirement, the Federal Reserve is largely taking money out of the money delivery and increasing the fee of credit score. lowering the reserve requirement pumps cash into the financial system by giving banks extra reserves, which promotes the expansion of financial institution credit and lowers charges.

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The coupon rate is the annual coupon divided by the face value of the bond.

A quantity, sum, or degree is determined in relation to another thing. A price or payment based on another quantity, she typed at a rate of 80 words per minute. in further detail: the cost per insurance unit. In mathematics, comparing two related quantities stated in different units is known as a rate. The ratio's numerator expresses the rate of change for the other (dependent) variable.

The annual income an investor might anticipate while owning a specific bond is known as the coupon rate. The calculation is done by dividing the total of the annual coupon payments by the par value, and it is established at the time the bond is issued. A bond's yield to maturity and coupon rate are equal at the time of purchase.

Therefore,  Thus option (A) is correct

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