Answer:
option (C) $7,420
Explanation:
Data provided in the question:
Estimate of uncollectible receivables = $6,600
Balance of Accounts Receivable = $116,000
unadjusted debit balance of the Allowance for Doubtful Accounts = $820
Credit sales during the year = $182,000
Now,
Bad debt Expenses is given as:
= Unadjusted debit balance for doubtful accounts + Uncollectible Receivable
= $820 + $6,600
= $7,420
Hence,
The correct answer is option (C) $7,420
Answer:
Option A is correct: $51750
Explanation:
Since static budget variance for materials is favourable;hence actual cost is less than the budgeted cost.
hence actual cost=(52000-250)
=$51750.
Answer:
a. net worth
Explanation:
For this question, we applied the accounting equation which equals to
Total assets = Total liabilities + stockholder equity
Since the question said that
Total assets - total liabilities = ?
So, by use the above accounting equation
The Total assets - total liabilities = Net worth
Hence, the most appropriate option is a.
Answer: Option C
Explanation: In the given case, the audience of the commercial made by Titleist have the same background and social standing. All the people watching the commercial in the given question were standing in a country club, thus, they all had a certain amount of knowledge and interest in golf and have same societal background to a very good extent.
Thus, from the above we can conclude that option C is the right answer.
Answer:
23,130,000 HK
Explanation:
Loan amount taken by sapling = 12,000,000 euros
Loan amount taken by sapling in Dollars at an exchange rate of 9 HK dollars/euros:
= 9 × 12,000,000
= 108,000,000 HK
Amount to be repaid by sapling at i= 1.5%:
= 12,000,000(1 + 0.015)
= 12,180,000 euros
Amount to be repaid by sapling in HK Dollars at an exchange rate of 7.5 HK dollars/euro:
= 7.5 × 12,180,000
= 91,350,000 HK
Amount earned by lending at i = 6%:
= 108,000,000(1 + 0.06) HK
= 114,480,000 HK
Net profit earned = Amount Earned - Amount Repaid
= 114,480,000 HK - 91,350,000 HK
= 23,130,000 HK
Net profit earned in Euros = (23,130,000 ÷ 7.5) euros
= 3,084,000 euros
