<span>"I don't think Preston Brooks’s punishment was reasonable. Charles Sumner was beaten up until he was UNCONSCIOUS! And Brooks only had to pay $300 fine to the federal court. It took Charles Sumner 3 years until he recovered to return to the Senate. I think he should have gone to jail."
source: </span>https://sites.google.com/site/nurielsamazingclassworkwebsite/homework-5
Answer:
Total PV= $50,032
Explanation:
Giving the following information:
$16,500, $25,700, and $18,000
Cf1= $16,500
Cf2= $25,700
Cf3= $18,000
Discount rate= 9.7%
<u>To calculate the present value, we need to use the following formula:</u>
PV= FV/(1+i)^n
Cf1= 16,500/(1.097)= 15,041
Cf2= 25,700/1.097^2= 21,356
Cf3= 18,000/1.097^3= 13,635
Total PV= $50,032
Answer:
$28,000
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Given that Past experience indicates that the allowance should be 10% of the balance in receivables
Allowance = 10% * $150,000
= $15,000
Since during 2018, $29,000 of uncollectible accounts receivable were written off
Balance in allowance account before adjustment
= $29,000 - $16,000
= $13,000 (Debit)
Required adjustment for Doubtful Accounts at December 31, 2018
= $13,000 + $15,000
= $28,000
Answer:
curvilinear relationship
Explanation:
Based on the information provided within the question it can be said that this is an example of a curvilinear relationship. This term refers to a type of relationship between two variables in which, when one increases the other one does as well, up until a set point. Once the first variable hits that point it can continue to increase but the second variable will begin to decrease. In this scenario the market can continue to grow and will cause the new product to grow as well, but once the market becomes saturated with similar products, the sales of the product will start to decline even though the market is still growing.
Answer:
B. savings bank
Explanation:
Savings bank is defined as a bank which helps customers or people to invest or deposit in interest giving accounts that will give a long term investment.
Savings bank were started in Europe in the 19th century. Saving banks gives interest on the deposit amount that is why its is a for-profit institution for general public. The interest saving banks give by investing in government and corporate debt.
Hence, the correct answer is "B. savings bank".
