Being costly due to high salaries and moving costs of managers
Answer: $18984.9
Explanation:
Your question isn't complete as you didn't give the interest rate. Let's assume that the interest rate is 12%.
Therefore, the present value will be:
= 3000 + 3000[1 - (1 + 0.12)^-10+1] / 0.12
= 3000 + (3000 × 5.3283)
= 3000 + 15984.9
= 18984.9
Therefore, the present value is $18984.9
You'll have to give me the options.
Answer:
(C). Cost of entertaining clients
Explanation:
Travel expenses are <u>costs incurred while traveling with the purpose of carrying out businesses activities.</u>
They include transportation costs, feeding costs and lodging costs.
Cost of entertaining clients is however not considered a travel expense.
Answer:
8.2
Explanation:
Accounts receivable turnover measure the average times the company received their receivable, It measure the efficiency of the company regarding collection from customers. Turnover will be higher if company has low ratio of receivables to sales value.
Average Receivable can be calculated as below
Average Receivable = (Accounts Receivable at the beginning of the year + Accounts Receivable at the end of the year) / 2 = ($114000 + $152000)/2 = $133,000
Net Sales = $1,090,600
Formula for Accounts receivable turnover is as follow
Accounts receivable turnover = Net Sales / Average Receivable
Accounts receivable turnover = $1,090,600 / $133,000 = 8.2 times
