Answer: $19000
Explanation:
From the question, we are informed that Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019 and that for the year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement.
The amount that Vaughn debited to the appropriate account in 2020 to write off actual bad debts will be:
= $31000 - ($190000 - $178000)
= $31000 - $12000
= $19000
a)Little book LTD earning per share is $1.118 per share.
Explanation:
To calculate earning per share we will use following formula:
Now to find net income we will take help of asset turnover ratio :
Asset turnover ratio = 
1.5 × $860000 = x
x (net sales) = $1290000
Outstanding shares = 75000 shares
So Net Income = $1290000×.065
= $83850
Now Earning per share = 
Earning per share = $1.118
b) Market to Book Ratio will be 1.2 for Little Book LTD.
Explanation:
Market to Book Ratio =
Market Capitalization = $ 75000× $ 12
= $900000
So, Market To Book Ratio =
Market To Book Ratio = 1.2
<span>Economists would describe Jeff as a user of a public good. Jeff would be considered this because he is consuming something, but this consumption does not reduce the availability of the thing being consumed for others. Jeff is using the cable service, but this does not prevent anyone else from receiving and watching a cable service.</span>
Answer:
c. $8,062.31 in nominal terms.
Explanation:
The portfolio value required which is at the end of 20 years is the future value of the amount invested initially($1000) , compounded at the nominal rate of return 11% per year as shown below:
FV=PV*(1+nominal interest rate)^n
PV=present value=initial invested=$1000
nominal interest rate=11%
n=time horizon of the investment=20 years
FV=$1000*(1+11%)^20= 8,062.31
Answer:
The present value or the worth of the contract today is 3.48 million
Explanation:
The present value of the contract can be calculated using the following formula where we will dicount back the cash flows to calculate the present value.
The present value = CF1 / 1+discount rate + CF2 / (1+discount rate)² +...
The present value = 1100000 + 1300000 / 1.087 + 1400000 / 1.087² = $3480817.37 or 3.48 million
The present value or the worth of the contract today is 3.48 million
