The Given statement " In discussing Americans as global citizens, Keith Reinhard from the nonprofit group Business for Diplomatic Action said, "Globally, Americans are viewed by the world as quiet humanitarians striving for equality and accord " is FALSE
Explanation:
Americans are regarded internationally as high-profile, self-absorbed and loud people, "said Keith Reinhard, a former head of DDB Internationally advertising company who aims to remedy this with a non-profit company called Business for Diplomatic Change.
Keith Reinhard is the emeritus Chairman of DDB Weltwide, one of the largest and most ambitious networks of advertising agencies in the world with 206 branches in 96 countries.
We're seen as arrogant, self-absorbed, and loud
Answer:
1. $33,400
2. $24,400
Explanation:
For computing the year-end balance in the allowance for uncollectible accounts first ,we have to compute the ending balance of accounts receivable which is shown below:
Ending balance of accounts receivable = Beginning balance + credit sales - customers’ accounts collected - write off amount
= $300,000 + $1,500,000 - $1,450,000 - $16,000
= $334,000
Now the year-end balance in the allowance for uncollectible accounts would be
= $334,000 × 10%
= $33,400
2. The computation of the bad debt expense is shown below:
= Year end balance of allowance for uncollectible accounts - beginning balance of allowance for uncollectible accounts + written off
= $33,400 - $25,000 + $16,000
= $24,400
Answer: b). Elasticity of demand is 1.2
Explanation:
Elasticity of demand measure the responsiveness of demand to a change in the price of the good.
It can be measures using the point method,
Elasticity of demand is 1.2.
Answer:
value today $5.32
Explanation:
For the first three years, we will calculate the present value using the expected rate of return
where:
rate = 0.12
Year 1
Year 2
Year 3
Then, on Year 4 we apply the gordon model
dividend = 0.75
return 12%
growth 3.5%
Then we calculate the present value of this because it is 4 years into the future
Finally, we add them all to get the value of the stock today
Answer:
A FICO Score is a three-digit number based on the information in your credit reports. It helps lenders determine how likely you are to repay a loan. This, in turn, affects how much you can borrow, how many months you have to repay, and how much it will cost (the interest rate). FICO is an abbreviation for the Fair Isaac Corporation, the first company to offer a credit-risk model with a score.