Business finance refers to funds availed by business owners to meet their needs that may include commencing a business, obtaining top-up funds to finance business operations, obtaining finance to purchase capital assets for the business, or to deal with a sudden cash crunch faced by the business.
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Answer:
The answer is given below;
Explanation:
Description 0 1 2
Equipment (40,000)
Depreciation
(40,000/10,000)*4,000 (16,000)
(40,000/10,000)*6,000 (24,000)
Savings 28,000 40,000
Salvage Value 15,000
Net Cash flows 12,000 31,000
PV factor 1/1.1 =.91 1/1.1^2=.83
Net present value
PV factor*net cash flows 10,920 25,730
(10,920+25,730) 36,650
Net present value (40,000)+36,650=(3,350)
debit to Bad Debt Expense for $3,800
<h3>What is
Bad Debt Expense ?</h3>
When a receivable is no longer collectible because a customer is unable to fulfil their obligation to pay an outstanding debt due to bankruptcy or other financial problems, a bad debt expense is recognised.
If a company with $2,000,000 in sales expects 2% of sales to be uncollectible, their bad debt expense would be $40,000 ($2,000,000 * 0.02). Consider a roofing company that agrees to replace a customer's roof on credit for $10,000.
Are bad debts a cost or a liability? Bad debts are an expense to the business rather than a liability because the amount expected to be received from the debtor is irrecoverable and has a negative impact on the books of accounts by reducing accounts receivable.
To know more about Bad Debt Expense follow the link:
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Answer:
The correct answer is letter "B": 10 years
.
Explanation:
The standard repayment method of student loans is the most commonly used among college borrowers because most of them do not choose one repayment plan at the moment of selecting the loan. The standard repayment term is defaulted by the creditor in 120 months or 10 years.
Some of
the ways that you could find costumes for your film are the following:
<span>1. </span><span>It would first help to have actors that already look like they belong in the 1970’s. Having the authentic
look can help sell the costumes even more. </span>
<span>2.</span> Relying on second-<span> hand/low-budget
vintage stores would be the way to go.</span>
<span>3. </span><span>Go to a Fabric store or some place online and
order fabric to create, If there were a piece that
couldn’t be find and needed in the film.</span>