Answer:
A net worth statement
Explanation:
A net worth statement is a financial report/ document that shows the assets and liabilities - both short and long-term - of an individual or company. The net worth is the result of deducting liabilities from assets.
The net worth statement paints a picture of a person or an entity's current financial position. Assets represent what a person owns, while liabilities are what they owe.
Present Value involves discounting, and future value involves compounding.
The find present value of a dollar a year from now, we must discount by the discount rate, since a dollar a year from now is not worth as much as a dollar today.
To find the future value (in a year) of a dollar we receive today, we increase the dollar by the discount rate, since our dollar today is worth more than a dollar a year from now.
Practically speaking, both of them are correct. Technician A who uses an oxy-acetylene torch to remove oil galley plugs would spend more time than Technician B (assuming he uses a drill with appropriate drill bit size). Technician A would induce heat via the torch to expand the hole in the engine block. Doing this would allow the stubborn oil galley plugs slip out the hole easily. Adding paraffin wax at the other end would speed up the removal. Technician B should initially use a smaller size drill bit to provide a pilot hole then proceed with square head bit to detach the plug.
Answer:
A) Accounts receivable turnovers are 10.0 and 6.6 and the ratios of uncollectible accounts receivable to gross accounts receivable are 0.30 and 0.16, respectively. Examine allowance for possible understatement of the allowance.
Explanation:
accounts receivable turnover from the previous year = total sales previous year / average gross receivables previous year = $1,000,000 / $100,000 = 10
accounts receivable turnover from the current year = total sales current year / average gross receivables current year = $2,000,000 / $300,000 = 6.67
ratios of uncollectible accounts receivable to gross accounts receivable for previous year = $30,000 / $100,000 = 0.3
ratios of uncollectible accounts receivable to gross accounts receivable for current year = $50,000 / $300,000 = 0.167
Option A shows the correct amounts for the accounts receivable turnover and ratios of uncollectible accounts receivable to gross accounts receivable. Since the ratio of uncollectible accounts receivable decreased so much during the current year, the allowance for accounts receivables for the current should be double checked to see if it wasn't understated.
Call wherever you wanna work, and be like "Hey, are y'all hiring" and based on what they say, then you can go to the place, ask for an application ,fill it out, and then bam.
