$46,819
Unemployed Salary
Annual Salary Hourly Wage
Top Earners $57,500 $28
75th Percentile $57,500 $28
Average $46,819 $23
25th Percentile $32,000 $15
Bad expense is estimated by the aging-of-receivables method. Management estimates that $2,950 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad debts.
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The following information is from the records of Pangolin Camera Shop: Bad expense is estimated by the aging-of-receivables method. Management estimates that $2,950 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad debts. Supporting Materials / Group of answer choices $22,950 $22,050 $21,150 $20,800
The net account receivable is $22,050
The computation of the net account receivable after the adjustment of bad debt is shown below:
Given that bad debt expense is $2950
As we know that
Net account receivable = Account receivable - bad debt expense
= $25,000 - $2,950
= $22,050
By deducting the bad debt expense from the account receivable we can get the net account receivable and the same is to be considered.
The net amount receivable is $22,050
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which type of bond is certain to provide a capital loss if held to maturity?
[tex]\sf \colorbox{aqua}{Answer}[/tex]
[tex] \sf \color{blue}{Premium Bond}[/tex]
The answer is: Premium Bond
The individuals or households that want goods and services for personal consumption or use, and have the resources to buy them are part of the:
The individuals or households that want goods and services for personal consumption or use, and have the resources to buy them are part of the consumers
Who are the consumers?Consumers are known as the end users of any produced goods and services. They are crucial in the logistics chain in order to keep production running.
They are the set of individuals that want goods and services for their daily use and consumption purposes.
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Assume that the risk-free interest rate in the United States is the same as that in Country M. Assume that the government of Country M is more likely to rescue local firms that experience financial problems. Other things being equal, Country M's firms are likely to use a ____ degree of financial leverage than U.S. firms. If a firm based in Country M has the same degree of financial leverage and the same operating characteristics as a U.S. firm, its cost of capital will likely be ____ than that of the U.S. firm.
Country M's firms are likely to use a higher degree of financial leverage than U.S. firms. The cost of capital will likely be lower than that of the U.S. firm.
What is financial leverage?Financial leverage is known to be the use of borrowed money that is a debt to handle or finance the buying of assets with the view that the income or capital gain or profit from the new asset will be more than the cost of borrowing.
Note that Country M's firms are likely to use a higher degree of financial leverage than U.S. firms. The cost of capital will likely be lower than that of the U.S. firm.
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When there is a single point of failure, companies can correct the problem by having:
When there is a single point of failure, companies can correct the problem by having: team members share their tasks when any member becomes overloaded.
What is team member?
Team member can be defined a group of people that comes together so as to achieve their tasks or set goals.
Based on the scenario what the company should do into to correct the problems is to ensures that team member shares their work when any member of the teams has overloaded tasks to complete.
Therefore the team members should share their tasks.
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If the project’s cost of capital were to increase, how would that affect the irr?.
There will be no changes in IRR, if the project’s cost of capital were to increase.
What is cost of capital?This refers to the return that a firm needs to achieve in order to justify the cost of a capital project.
Most time, when this project’s cost of capital were to increase, it will not impact of the Internal Rate of Return.
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Outline TWO benefits of using the FIFO system for Mcdonald’s
There are several benefits for McDonald's by using FIFO methods. Here we will discuss some of them: better food hygiene, which gives more customers satisfaction; easier to reduce products near their end-date—resulting in more sales and less waste;
What is FIFO?
FIFO is a measuring tool for inventory valuation or management. In this, we have sold the goods which come first. This is called a FIFO, which is known as First In First Out.
Thus, McDonald's using the FIFO method gets such benefits as better food hygiene, which gives more customer satisfaction; easier to reduce products near their end-date – therefore more sales and less waste.
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A credit balance in cash over and short is reported as a(n)
When there is a credit balance in the cash over and short account this is reported as Revenue.
What is the cash over and short account?This is an expense account which shows the variance between cash balance than the company expects, and the actual cash balance that is seen.
A credit balance means that it is revenue because a debit balance would be an expense.
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The conversion privilege allows investors to switch from one mutual fund to another within a: Group of answer choices management group. fund family. brokerage group. switched fund. convenience group.
The conversion privilege allows investors to switch from one mutual fund to another within a fund family.
A mutual fund investor's conversion privilege is the ability to shift money between various portfolios provided by the same mutual fund family without incurring another sales charge.
Most mutual fund providers will provide investors with the ability to transfer money across the fund's various holdings.
As their investing objectives change or market conditions change, investors may desire to move money to portfolios with alternative investment objectives. Selling and buying portfolios at the NAV will trigger a taxable event for the investor.
Therefore, the correct option is fund family.
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Kaylie assumed the cost of the sales tax on her new (used) vehicle would be around $850. In reality, it was $725. What type of variance does this represent?
1. An unfavorable variance of $850
2. A favorable variance of $125
3. A favorable variance of $850
4. An unfavorable variance of $725
Answer:
option c
Explanation:
beacuse i know hh
Option 3. A favorable variance of $850
A favorable variance of $850 type of variance does this represent.
How do you know if a variance is favorable or unfavorable?If revenues were higher than expected, or expenses were lower, the variance is favorable. If revenues were lower than budgeted or expenses were higher, the variance is unfavorable.
A favorable variance is where actual income is more than budget, or actual expenditure is less than budget. This is the same as a surplus where expenditure is less than the available income.
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a. what happens to the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece?
It is to be noted that the demand for sandwiches and ice cream cones consumed after the price of ice cream cones rises to $2 a piece will both reduce (all things being equal).
Why would the demand for both items reduce?The demand for both goods will both come down because they are complementary or joint demand goods.
A pair of goods are termed "joint demand" when both must or usually is consumed with the other.
Recall that (where all things are equal) demand will decrease as price increases.
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