Answer:
Dr Bad Debts $4,970
Cr Accounts Receivables $4,970
Explanation:
The bad debts are confirmed and once it is confirmed it is written off by decreasing the accounts receivables by the amount as the amount is not now receivable and increase the bad debt expense because this is cost to the company. The bad debts confirmed are accounted for as under:
Dr Bad Debts $4,970
Cr Accounts Receivables $4,970
Answer:
management believes the future earnings of the firm will be strong
Explanation:
The information content with respect to the regular dividend would be increase when the company would have a greater amount of earnings in near future and they try to give the greater amount of dividend to the shareholders. This represent the management would trust that the earnings of the future of the firm would be strong
Hence, the last option is correct
<span>a.price floor
Where the government fixes the minimum retail price</span>
Answer:
$75,637.5
Explanation:
Sales = $225 million
Growth in sales = 10%
Inventory = $15 + 0.245(Sales)
(sales) S1 = $225,000,000 × 1.10
= $247,500,000
Inventory = $15 + 0.245 ($247.5)
= $15 + 60.6375
= 75.6375
Since this relationship is expressed in thousands of dollars,
Inventory = $75.6375 x $1000
= $75,637.5
Answer:
The test statistic t of the sample is -0.804.
There is sufficient evidence to ascertain that the average number of years of work experience of MBA applicants is less than 3 years.
Explanation:
Null hypothesis: The average number of years of work experience of MBA applicants is 3 years.
Alternate hypothesis: The average number of yet of work experience of MBA applicants is less than 3 years.
Test statistic (t) = (sample mean - population mean) ÷ sd/√n
sample mean = 2.57
population mean = 3
sd = 3.67
n = 47
t = (2.57 - 3) ÷ 3.67/√47 = -0.43 ÷ 0.535 = -0.804
Assuming a 5% significance level
degree of freedom = n - 1 = 47 - 1 = 46
The critical value corresponding to 46 degrees of freedom and 5% significance level is 2.013.
Conclusion:
Reject the null hypothesis because the test statistic -0.804 is less than the critical value 2.013.
The years of work experience of MBA applicants is less than 3.
