Amend inc. Debited accounts receivable and credited allowance for uncollectible accounts to reestablish an account previously written off. Amend inc. Should also debit.

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Answer 1

Amend Incorporation should also debit Cash and credit Accounts Receivable

Accounts receivable refers to customers who have purchased goods or services from a company but have not yet paid for them. For instance, the outstanding sum from customers who purchase items on credit is added to the accounts receivable. It is an obligation that came about as a result of a business deal.

The amount of cash on hand increases after debiting a cash account. However, if you debit an accounts payable account, the amount of the accounts payable liability decreases. Accounts receivable are a debit on a trial balance until the client pays. Once the customer has paid, you will debit your cash account and credit accounts receivable because the funds are now in your bank and are no longer owing to you.

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Related Questions

are the leading cause of fatalities in the construction industry as 349 total deaths related to it were repoerted in 2014

Answers

Falls are the leading cause of fatalities in the construction industry as 349 total deaths related to it were reported in 2014.

Construction is a general term that describes the art and science of designing objects, systems, or organizations, and is derived from the Latin construction and the Old French construction. To build is a verb: the act of constructing, the noun is construction: how something is constructed, the nature of its construction.

What is the definition of construction?

It is the process of making something, the act of building it, or the way something is put together. A construction example is creating and decorating a new ice cream parlor in a former shoe store.

What is a building construction?

Building construction includes various stages such as planning, design, ground preparation, foundation plinth construction, column, beam and panel construction, plastering and finishing works.

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mandated reporting laws for child abuse and neglect are the same for public and private organizations

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Both governmental and private entities must report child abuse and neglect in accordance with the law. Failure to report suspected abuse by a mandatory reporter might result in up to 6 months in jail and/or a $1,000 fine.

Mandatory reporting refers to the Reporting Party's duty to file reports on behalf of the Client, who serves as its counterparty, in accordance with the Mandatory Reporting Provisions.

Mandatory reporting is the legal requirement for certain kinds of persons to notify the appropriate authorities when they suspect child abuse or neglect.

Mandatory reporting is intended to safeguard kids from child abuse and neglect as a matter of public policy. A society without a mandated reporting system, according to Mathews and Bross (2008), will be much less able to safeguard children and support families since many instances of child abuse and neglect will go unreported.

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a smart organization develops its own hybrid of stakeholder theory and value maximization theory. this approach leads to balanced decision making, and it provides clear performance measures.

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According to arousal theory, organisms are driven to reach and maintain an ideal or optimal degree of stimulation that maximizes their performance.

What is an arousal theory?

According to the low arousal theory, people with attention-deficit hyperactivity disorder (ADHD) and antisocial personality disorder (ASPD) look for self-stimulation through excessive activity to overcome their unusually low arousal level. This low arousal explains compulsive hyperactive behavior as well as the incapacity or difficulty to retain attention on any job of fading stimulus or novelty.

What causes low emotional arousal is unknown to researchers. Three suggestions have been put forth by researchers as explanations for the low emotional arousal.

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hr still believes that the cause of decreased production is the absence of incentive pay. which recommendation should the hr manager include in a business case for an incentive pay program that would convince leaders while rebuilding hr’s credibility?

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Analyze information on the organization's size, industry, location, mission, strategy, goals, and talent availability. The right response is C because it takes into account the crucial elements of pay strategy development in the firm's market and helps the company determine whether to outperform, compete with, or trail its rivals.

Managers use strategy to accomplish one or more of the organization's goals. A overall direction established for the business and its numerous parts to achieve a desirable condition in the future is another definition of strategy. The process of meticulous strategic planning yields strategy.

The specific steps taken to accomplish the objectives in accordance with the strategy are referred to as a tactic. For instance, business A's strategy can seek to enter the smartphone market as the least expensive supplier. Then, their management must bargain with suppliers to lower the prices of the electronic components used in manufacturing.

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a part of presentation and disclosure is the assertion that disclosures must be , , and understandable or transparent to financial statement users. (enter only one word per blank.)

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A part of presentation and disclosure is the assertion that disclosures must be Reliable, Understandable or Transparent to financial statement users.

What  is Financial Statement ?

Financial statements are written documents that communicate an entity's business activity and financial performance.As a snapshot in time, the balance sheet provides an overview of assets, liabilities, and shareholders' equity.The income statement is primarily concerned with a company's revenues and expenses for a specific time period. After subtracting expenses from revenues, the statement provides a company's profit amount known as net income.The cash flow statement (CFS) evaluates a company's ability to generate cash to meet debt commitments, cover operating expenses, and fund investments.The statement of changes in equity documents how profits are retained within a business for future growth or given to third parties.

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Word count - 108 words

vision tech’s stock price is currently trading at $17 per share. the consensus among analysts is that the intrinsic value of vision tech’s stock is $27 per share. is vision tech more or less likely to receive a hostile takeover bid?

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Vision tech’s stock price is currently trading at $17 per share. the consensus among analysts is that the intrinsic value of vision tech’s stock is $27 per share. vision tech more or less likely to receive a hostile takeover bid is Less Likely.

To figure out how treasured the shares are for traders, take the closing up-to-date value of the employer share and multiply it via brilliant stocks. any other approach to calculate the charge of the percentage is the price-to-earnings ratio. The modern-day price is the most current promoting fee of an inventory, foreign money, commodity, or precious steel this is traded on an alternate and is the maximum dependable indicator of that safety's present cost.

The maximum commonplace way to price an inventory is to compute the company's charge-to-earnings PE ratio. The PE ratio equals the organization's stock rate divided with the aid of its most recently suggested income according to percentage EPS. A low P/E ratio means that an investor shopping for the inventory is receiving an appealing quantity of value. earlier than you may use it, you have to learn what the P/E ratio is. it is smooth to calculate as long as you already know a given employer's inventory rate and earnings according to percentage EPS.

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spock enterprises has a market value of $100 million in debt outstanding. they also have a market value of equity of $400 million. spock's total market value is

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Spock's total market value is $500 million. Market capitalization and market value of equity both refer to the entire dollar amount of a company's equity.

What is the market value of a firm?

Market value, also known as market capitalization, is the company's worth as determined by the entire market value of its outstanding shares. Since market value includes profitability, intangibles, and potential for future growth, it typically exceeds the book value for a company.

The market value of a company is determined by adding the market values of all outstanding instruments, which include debt, preferred shares, and common shares. Comparing the market value of capital (equity) to the adjusted value of capital yields this measurement (equity). Spock's total market value is $500 million.

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What are some reasons that system management tools are used? check all of the boxes that apply. copy files view events delete files find out more about security events manage shared folders find software, hardware, and system problems

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A systems management tool is necessary for efficient management and monitoring of numerous systems.

What is a system management tool?

A systems management tool is necessary for efficient management and monitoring of numerous systems. Network administrators may control infrastructure and applications from a single location thanks to systems management software and solutions. The four essential components of systems management—processes, data, tools, and organization—combine to manage a system successfully and efficiently. Processes address how to carry out the work.

Events known as security incidents can point to a system or organization's data being compromised or the failure of security controls. An incident is an event that interferes with routine business operations, while a security event is anything that has relevance for system hardware or software. By automating, regulating, and improving system functions, systems management seeks to safeguard the security of company information as well as the integrity of business applications.

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Answer:

a,b,d,e,f

Explanation:

i just took it

Ken is planning on studying the influence of intelligence on the ability to recall events from the 1960s. If key does not account for variables such as age, which could also influence one's ability to recall these events, age could be considered a(n)

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Ken intends to investigate the impact of intelligence on the capacity to recall events from the 1960s. Age might be deemed a confounding variable if the key does not compensate for variables like age, which could potentially impact one's capacity to recall certain events.

Confounding variables (also known as confounding factors or confounders) are extraneous variables that are connected to the dependent and independent variables in a study. To be a confounder, a variable must fulfill two criteria:

It must be linked to the independent variable. This might be a causal link, but it isn't need to be.

It must be connected to the dependent variable in some way.

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research shows that 90% of consumers use the web to search for local businesses. what marketing strategy would best increase the success of their business?

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Pay for an advertisement marketing strategy would best increase the success of their business.

An advertising and marketing approach is the sum general of a company's outreach efforts to build emblem cognizance and force sales; those desires can consist of introducing new merchandise, priming sales conversion costs, gaining social media subscribers, getting access to a target market, and attracting current clients.

The four playstation  are a “advertising blend” created from 4 key factors—product, price, place, and advertising—used whilst advertising a products or services. typically, businesses take into account the four ps while developing marketing plans and techniques to effectively market to their audience.

Every enterprise must have an advertising approach, no exceptions. advertising results do not just take place with the aid of hazard. growing a method ensures you're concentrated on the proper people, with relevant content material that appeals to them. The greater time you spend developing a clean method, the extra possibilities you create to promote.

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kellner motor co.'s stock has a required rate of return of 11.50%, and it sells for $25.00 per share. kellner's dividend is expected to grow at a constant rate of 7.00%. what was the last dividend, d 0

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Required Return Ke 12.50%

Stock Price P 25

Growth Rate g 6%

Find:  D0

How to Know Gordon's Growth P= D0(1+g)/(Keg)

Put Known Variables into Equation 25 = D0(1.06)/(0.125-0.06)

D0(1.06) = 25*(0.125-0.06)

D0 = 25*(0.125-0.06)/(1.06)

= 1.533018868.

Stock (also called share capital) is the shares into which the ownership of a company or business is divided. (Especially in American English, the word "shares" is also used to refer to shares.)

One share of stock represents a partial ownership interest in the company in proportion to the total number of shares.

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lita lopez started biz consulting, a new business, and completed the following transactions during its first year of operations. lita lopez invested $67,000 cash and equipment valued at $31,000 in the company in exchange for its common stock. the company purchased a building for $46,000 cash. the company purchased equipment for $5,900 cash. the company purchased $3,300 of supplies and $1,600 of equipment on credit. the company paid $860 cash for advertising expenses. the company completed a financial plan for a client and billed that client $4,100 for the service. the company designed a financial plan for another client and immediately collected a $8,800 cash fee. the company paid $1,500 cash in dividends to the owner (sole shareholder). the company received $3,100 cash as partial payment from the client described in transaction f. the company made a partial payment of $800 cash on the equipment purchased in transaction d. the company paid $2,000 cash for the secretary’s wages for this period. required: 1. enter the amount of each transaction on individual items of the accounting equation. 2. determine the company's net income.

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1. Entering the amounts of the transactions on individual items of the accounting equation is as follows:

Accounting Equation:

Transaction         Assets               =       Liabilities      +       Equity

1. Cash               $67,000                                                            $67,000

1. Equipment        31,000                                                               31,000

2. Building          46,000

2. Cash              -46,000

3. Equipment        5,900

3. Cash                -5,900

4. Supplies           3,300                             $3,300

4. Equipment        1,600                               1,600

5. Advertising       - 860                                                                  -860

6. Service Rev      4,100                                                                 4,100

7. Service Rev.    8,800                                                                 8,800

8. Dividends       -1,500                                                                -1,500

9. Cash                3,100

9. Receivable     -3,100

10. Cash               -800                                  -800

11. Wages          -2,000                                                               -2,000

2. The company's net income is $10,040.

Transaction Analysis:

1. Cash $67,000 Equipment $31,000 Common Stock $98,000

2. Building $46,000 Cash $46,000

3. Equipment $5,900 Cash $5,900

4. Supplies $3,300 Equipment $1,600 Accounts Payable $4,900

5. Advertising $860 Cash $860

6. Accounts Receivable $4,100 Service Revenue $4,100

7. Cash $8,800 Service Revenue $8,800

8. Dividends $1,500 Cash1,500

9. Cash $3,100 Accounts Receivable $3,100

10. Accounts Payable 800 Cash $800

11. Wages Expense $2,000 Cash $2,000

Income Statement:

Total revenue =   $12,900

Advertising expense  860

Wages                     2,000

Total expenses = $,2860

Net income =      $10,040

Thus, the accounting equation shows that the equation remains in balance with each transaction, implying that the two sides are always equal.

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an organization exists not only to satisfy customer wants and needs but also to preserve or enhance individuals’ and the community’s long-term best interests.

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Societal marketing orientation is the belief that an association exists not only to satisfy consumer wants and requirements and to meet administrative objectives but also to maintain individuals' and community's long-term best appeals.

What is the greatest goal and result of being a market-oriented organization?

The ultimate goal of most market-oriented firms is profitability which results from fulfilling the wants and needs of its consumers. The societal marketing concept believes society's long-term best attractions along with the satisfaction of customers' wants and needs. Meeting consumer needs is crucial for any business examining to retain and attract new customers.

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enterprise project management software is also known as a tool of project management software.low-end mid range high-end baseline

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Enterprise project management software is also known as high-end tools of project management software. Thus, option C is correct.

What is management?

Management can be defined as the way that a person tries and coordinate with different people in different departments.

Enterprise project management also known as EPM defines that there will be coordination between the department and the means that it ensures that the expectation and the goal are being met according to the standards.

High-end product development solutions are frequently referred to as corporate software for managing projects. Therefore, option C is the correct option.

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globalization has been driven by five major factors: political, technological, market, cost, and competitive. business has fueled these trends and has been the beneficiary of these trends. understanding these trends helps businesses develop strategies and tactics to accelerate these trends. understanding globalization trends helps businesses identify opportunities and threats in their environment. understanding these trends will also make the changes much more manageable. international businesses have greater flexibility, more options, and a broader scope to consider globalization of production and globalization of markets.

Answers

Globalization is the process by which thoughts, knowledge, statistics,  goods and services unfold round the world.

In enterprise, the time period is utilized in an economic context to explain integrated economies marked via free alternate, the loose drift of capital amongst nations and smooth get right of entry to to overseas sources, including labor markets, to maximize returns and advantage for the commonplace right.

In a globalized economy, countries specialize in the products and services they have a competitive gain in. This typically way what they could produce and offer most effectively, with the least quantity of assets, at a lower fee than competing nations. If all nations are focusing on what they do pleasant, production need to be extra efficient global, prices have to be lower, economic growth widespread and all countries need to gain -- in principle.

Guidelines that promote free trade, open borders and worldwide cooperation all pressure economic globalization. They enable groups to access lower priced raw materials and elements, take gain of lower cost labor markets and access large and growing markets around the world in which to sell their goods and services.

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Which approach to estimating is usually coordinated by a project manager/office and is a roll up of individual estimates from work breakdown structure elements?.

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Top-Down estimating exists usually coordinated by a project manager/office and stands a roll-up of individual assessments from work breakdown structure elements.

What is Top-down estimating?Top-down estimating is a method of breaking down a project or budget into more manageable parts after first analyzing it as a whole. Top-down professionals create a project's broad plan or budget without specifying the specifics. These experts would then distribute the project budget or plan to others who could more effectively assess the expenses or specifics of the plan.

Managers, investors, and other key decision-makers or stakeholders are the most frequent users of top-down estimating in a corporation. A top-down approach allows primary stakeholders within a business to plan projects with ambitious scopes while delegating details to others with more knowledge of the project specifics.

Hence, Top-Down estimating exists usually coordinated by a project manager/office and stands a roll-up of individual assessments from work breakdown structure elements.

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Why is it important to begin establishing your personal brand while you are still in​ college?.

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Answer:

because you need to go to university

2.1.1
Price (R)
5
10
15
20
25
30
Quantity demanded
60
55
40
30
25
15
Quantity supplied
10
20
25
30
45
50
Draw a demand and supply curve on the same axis by using the
information in the above schedule. Remember to label your graph,
provide a heading and indicate the equilibrium.
(7)

Answers

Here, the equilibrium price is at 25.

In economics, the relationship between the quantity of a good or service that producers want to sell at different prices and the amount that consumers want to buy is known as supply and demand. It serves as the primary model for determining prices in economic theory. The combination of supply and demand in a market determines the price of a good. The final price is known as the equilibrium price and signifies a compromise between the good's producers and customers.

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b. what is the slope of the budget line from trading with friday (coconuts for fish)? 15 numeric responseedit unavailable. 15 incorrect. c. what is the slope of the budget line from trading with kwame (coconuts for fish)? 60

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The problem can be solved by reducing inventory expenses, but only if stockout costs are kept to a minimum.

What is the reduction in inventory costs? What are some ways inventory management cuts costs?

Inventory reduction is key to lowering the cost of inventory. Your expenditures will be lower the less you own. And the most expensive inventory you can have is outmoded stock. If you already have a lot of out-of-date inventory, you can try grouping products to sell more of them or reducing their prices individually.

By applying the economic order quantity (EOQ) formula to your company, inventory management software can reduce your storage expenses. In order to avoid paying for storage beyond what is absolutely necessary, this formula takes storage costs into consideration and helps you decide when to acquire extra products.

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as a component of the situation analysis, a focuses on the current state of the market to which the firm will sell its products

Answers

Answer: market summary

Explanation:

according to the textbook, the keys to successful supply chain management include trust, cooperation, collaboration and honest, accurate communications between supply chain partners.

Answers

According to the textbook, the keys to successful supply chain management include trust, cooperation, collaboration, and honest, accurate communications between supply chain partners. True

Management is the administration of an organization, whether or not it's miles an enterprise, a non-profit organization, or a government frame. It is the art and technology of managing sources of the enterprise.

Business management is the coordination and corporation of commercial enterprise activities. enterprise managers oversee operations and help personnel reach their top productivity tiers. A commercial enterprise supervisor can also supervise or educate new employees, and assist a commercial enterprise to attain its operational and monetary goals.

Management ranges are the divisions among levels of authority and obligation in an agency. The typical control degrees are top-level management, mid-stage management, and primary-line management. Those stages determine the responsibilities of various manager positions, which include who they report to and who reports to them.

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which of the ofllowing cases will result in the largest decrease in equilibrium price the largest change in euqilibrium qwuantiity verify your answeres by derawing grapohs

Answers

Demand is highly inelastic; there is a relatively large increase in supply will result in the largest decrease in equilibrium price. Option A

This is further explained below.

Which of the following cases will result in the largest decrease in equilibrium price?

Generally, Highly inelastic indicates a rise in price lowers the amount requested by a reduced proportion. Raises in supply reduce quantity price and increase equilibrium quantity.

Highly elastic demand indicates a slight rise in price and lowers the quantity requested by a larger percentage.

In conclusion, Demand is quite inelastic, hence a relatively significant increase in supply will result in the greatest fall in equilibrium price. This is because there is a comparatively large rise in supply. Alternative A

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CQ

Which of the following cases will result in the largest decrease in equilibrium price? The largest change in equilib- rium quantity? Verify your answers by drawing graphs. a. Demand is highly inelastic; there is a relatively large increase in supply b. Demand is highly elastic; there is a relatively small increase in supply. c. Supply is highly inelastic: there is a relatively small decrease in demand. d. Supply is highly elastic and demand is very inelastic; there is a relatively large increase in supply

growing personal wealth and corporate profitability made sustainability a valued and viable competitive strategy that influences operations management.

Answers

The plan, source, make, and deliver procedures were initially included in the SCOR framework, which eventually included the return and enable phases. This framework was created to assist standardize the vocabulary used to explain supply chain management.

What is Supply chain management?

Supply chain management (SCM) refers to the control of the movement of products and services between establishments in the commercial world. This can involve the transportation and storage of raw materials, inventories for work-in-progress and finished goods, as well as the entire order fulfillment process from the point of origin to the place of consumption. The products and services that end consumers in a supply chain require are provided via networks, channels, and node companies that are interconnected, interrelated, or linked together.

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as negotiation occurs between buyers demanding products and sellers supplying products, the price will be determined in the long run.

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As negotiation occurs between buyers demanding products and sellers supplying products, the market price will be determined in the long run.

This is further explained below.

What is the market price?

Generally, The current value at which a product or service may be bought or sold on the market is referred to as the market price.

The supply and demand factors are what determine the market value of an item or service.

The market price is the price at which the amount of an asset or service that is offered matches the quantity that is desired.

In conclusion, In the long run, the market price will be decided upon via the process of bargaining that takes place between buyers who need items and sellers who provide them.

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positioning relies on the communication of one or more sources of value to customers in a way that the customer can easily make the connection between the .

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Positioning relies on the communication of one or more sources of value to customers in a way that the customer can easily make the connection between the customer's needs and wants and what the products has to offer.

Positioning refers to the development of strategy that helps to influence how a particular market segment perceives a brand, good, or service in comparison to the competition.

Positioning is all about defining a space in the mind of the customer that is, something that your customer thinks of and relates with your product.

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Suppose the government taxes the wealthy at a higher rate than it taxes the poor and then develops programs to redistribute the tax revenue from the wealthy to the poor. This redistribution of wealth.

Answers

This redistribution of wealth: Is more equal but less efficient for society.

By "taxing the wealthy, you decrease their incentives to work, which are already more sensitive than their lower income counterparts due to the large negative income effect."

This reduces efficiency in the economy but increases equality by reducing the wages of the wealthy and giving the money to those with lower incomes.

This is known as The Robin Hood effect. "The Robin Hood effect is the redistribution of wealth from the rich to the poor. The Robin Hood effect can be caused by a large variety of government interventions or normal economic activity."

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on june 30 the company lent its chief financial officer $22,000; principal and interest at 8% are due in one year.

Answers

Principal and interest at 8% are due in one year is :

22,000 cash

22,000 note receivable

Principal and Interest

The principal is the amount of money borrowed when you first get your home loan. Simply deduct your down payment from the final selling price of your home to calculate your mortgage principal. The most crucial aspect in determining how much house you can afford is your principal. The principal you borrow accrues interest as soon as you withdraw it.

                 Interest is the second largest component of your monthly mortgage payment. Interest is money paid to your mortgage lender in exchange for a loan. The annual percentage rate is used by most lenders to assess and decide your mortgage rate (APR). The annual percentage rate (APR) is the amount of interest you pay on your loan each year.The interest rate on your loan is determined by a number of factors. Your credit score, income, down payment, and home location can all have an impact on how much interest you pay.

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a bank developed a model for predicting the average checking and savings account balance as balanceageyears educationhousehold wealth. a. explain how to interpret the numbers in this model. b. suppose that a customer is years​ old, is a college graduate​ (so that years education​), and has a household wealth of ​$. what is the predicted bank​ balance?

Answers

If a bank developed a model predicting the average checking and savings account. The predicted bank balance is:  $32,212.

Predicted bank balance

Using this formula

Predicted bank balance= -$17,732 + $367 ( age) + $rdesawq1300 (years of education) + 0.116 (household wealth)

Let plug in the formula

Predicted bank balance=-$17,732 + $367 (32) + $1300 (16) + 0.116 ($150,000)

Predicted bank balance=-$17,732 + $11,744 + $20,800 + $17,400

Predicted bank balance= $32,212

Therefore If a bank developed a model predicting the average checking and savings account. The predicted bank balance is:  $32,212.

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The complete question is:

A bank developed a model predicting the average checking and savings account as balance = -17,732 + 367 ( age) + 1300 (years of education) + 0.116 (household wealth). Suppose that a customer is 32 years old, is a college graduate (so that years education = 16), and has a household wealth of $150,000. What is the predicted bank balance?

the most a person (age 21) can be fined for a first conviction of driving while under the influence of intoxicating liquor with no injury involved is: $3,000 $1,000 $2,000 $5,000 submit answer

Answers

The most a person (age 21) can be fined for a first conviction of driving while under the influence of intoxicating liquor with no injury involved is: $2000.

What does it mean to drive under the influence?

This is the term that is used to describe the fact that the driver that was found behind the wheel on a road had taken a considerate amount of alcohol or other substances to the point of intoxication.

This is a serious issue because it can lead to the death of other persons when they drive recklessly. Hence we can say that The most a person (age 21) can be fined for a first conviction of driving while under the influence of intoxicating liquor with no injury involved is: $2000.

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added value is the maximal value created by all participants in a transaction minus the value of the top participant. true false

Answers

The maximum value produced by all parties to a transaction, less the value of the top participant, is the added value. The claim is untrue.

Maximum Transaction Amount is the total of I the total initial purchase price of mortgage loans covered by the Purchase Facility and the total aggregate purchase price for purchased assets subject to Transactions at any given time.

What does "value of transaction" mean?

The price that will be paid or is actually paid for imported goods when they are sold for export to the EU's customs territory is referred to as transaction value. The computation is based on the purchase price, which must be modified in the absence of any material circumstances.

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