A small chain of pizza restaurants in your area is starting to grow. Just last year, it grew from 6 to 12 locations. Now, some employees are talking about unionizing. Which of the following are likely to happen if a union is formed? Check all that apply.
Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at December 31, the company’s fiscal year-end. The 2023 balance sheet disclosed the following: Current assets: Receivables, net of allowance for uncollectible accounts of $38,000 $ 472,000 During 2024, credit sales were $1,790,000, cash collections from customers $1,870,000, and $43,000 in accounts receivable were written off. In addition, $3,800 was collected from a customer whose account was written off in 2023. An aging of accounts receivable at December 31, 2024, reveals the following: Age Group Percentage of Year-End Receivables in Group Percent Uncollectible 0−60 days 65% 4% 61−90 days 15 10 91−120 days 15 30 Over 120 days 5 50 Required: Prepare summary journal entries to account for the 2024 write-offs and the collection of the receivable previously written off. Prepare the year-end adjusting entry for bad debts according to each of the following situations: Bad debt expense is estimated to be 3% of credit sales for the year. Bad debt expense is estimated by adjusting the allowance for uncollectible accounts to the balance that reduces the carrying value of accounts receivable to the amount of cash expected to be collected. The allowance for uncollectible accounts is estimated to be 10% of the year-end balance in accounts receivable. Bad debt expense is estimated by adjusting the allowance for uncollectible accounts to the balance that reduces the carrying value of accounts receivable to the amount of cash expected to be collected. The allowance for uncollectible accounts is determined by an aging of accounts receivable. For situations (a)−(c) in requirement 2 above, what would be the net amount of accounts receivable reported in the 2024 balance sheet?
Which of the following is not a step in the marketing research process? O a. Estimate sales O b. Interpret the information O c. Make a preliminary investigation O d. Gather factual information
You take out student loans to help pay for your degree at a 5% annual interest rate. Assume the bank expected inflation to average 3% per year. a. What real interest rate did the bank expect to earn from your loan? The bank expected to earn b. What happens if inflation is actually 5% per year? If inflation is actually 5%, then the bank will earn c. If inflation is higher than expected, then better off. better off. If it is lower than expected, then % per year.. % per year
1. Describe the case and the main considerations of the distribution chain or situation presented in the case
Suppose a dramatic increase in stock prices increases the real wealth of most households . Using the AD / AS model , illustrate and explain what the likely effect on the equilibrium level of GDP , price level , and unemployment is .
Intensive care units (ICUs) generally treat the sickest patients in a hospital. ICUs are often the most expensive department in a hospital because of the specialized equipment and extensive training required to be an ICU doctor or nurse. Therefore, it is important to use ICUs as efficiently as possible in a hospital. Suppose that a large-scale study of elderly ICU patients shows that the average length of stay in the ICU is 3.7 days. Assume that this length of stay in the ICU has an exponential distribution. (Round your answers to four decimal places.) (a) What is the probability that the length of stay in the ICU is one day or less? (b) What is the probability that the length of stay in the ICU is between two and three days? (c) What is the probability that the length of stay in the ICU is more than five days?
Suppose that the mean daily viewing time of television is 8.35 hours. Use a normal probability distribution with a standard deviation of 2.5 hours to answer the following questions about daily television viewing per household (a) What is the probability that a household views television between 3 and 12 hours a day? (Round your answer to four decimal places.) (b) How many hours of television viewing must a household have in order to be in the top 3% of all television viewing households? (Round your answer to two decimal places.) hrs (c) What is the probability that a household views television more than 5 hours a day? (Round your answer to four decimal places.)
A group conducted a survey of 13,000 brides and grooms married in the United States and found that the average cost of a wedding is $26,858. Assume that the cost of a wedding is normally distributed with a mean of $26,858 and a standard deviation of $5,900. (a) What is the probability that a wedding costs less than $20,000? (Round your answer to four decimal places.) (b) What is the probability that a wedding costs between $20,000 and $32,000? (Round your answer to four decimal places.) (c) What is the minimum cost (in dollars) for a wedding to be included among the most expensive 5% of weddings? (Round your answer to the nearest dollar.)
1. A snow plow machine is a ______, but snow removal from city and county streets and highways is a ______, because everyone benefits at the same time whether they pay for the service or not. a. Private good; common resource b. Public good; common resource c.Private good; public good d.Public good; private good 2. In the question above, does it matter who pays for the snow plow machine? In other words, does it matter if a landlord, a citizen, or a city department buys the snow plow? a. No, because it is rival and excludable no matter who buys it. b. Yes, it matters who pays for the snow plow.
