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bekas [8.4K]
3 years ago
5

Jack Company provides for bad debts expense at the rate of 2% of credit sales. The following data are available for 2013:

Business
1 answer:
Aliun [14]3 years ago
3 0

Answer:

$27,000

Explanation:

To calculate the balance for the Allowance for Doubtful Accounts account, we first have to calculate the total estimated bad debts for the year = $1,500,000 x 2% = $30,000.

Then we need to add the bad debt that was written off during the year ($9,000) and subtract the balance for the same account at the beginning of the year ($12,000).

= $30,000 + $9,000 - $12,000 = $27,000

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A 37-year old individual purchases a life insurance policy of $95,000 for an annual payment of $250. based on a insurance report
Sergeeva-Olga [200]

Answer:Expected value = - 94661.45

Explanation:

The Policy pay out is $95000 ,if a client is in life threatening accident insurance company will loose $95000, if the client is not in a life threatening accident the insurance company will gain $250

Probability (Client is in a threatening accident) = 0.999063

Probability (not in a life threatening accident)= 1 - 0.999063 = 0000937

Insurance Premium = $250

Insurance Payout = $95000

expected value = 0.999063 x (- (95000 - 250)) + 0.000937 x (250)

expected value = 0.999063 x (-94750) + 0.000937 x (250)

expected value = - 94661.21925 + 0.23425 = - 94661.44675

expected value = - 94661.45

8 0
3 years ago
Read 2 more answers
6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0
otez555 [7]

Explanation:

Your Credit History

Your Ability To Pay The Loan

Your Cash Flow History

4 0
4 years ago
When the purpose of your meeting is to solve an intense problem, what is the recommended number of meeting participants?
TEA [102]
I would say that is right because it depends on what the problem is and if you want suggestions on how to fix the problem or if the problem is just between a few people. 

I hope that helped!
7 0
3 years ago
Dixie South currently pays an annual dividend of $1.46 a share and plans on increasing that amount by 2.75 percent annually. Nor
sesenic [268]

Available Options are:

A. Market price.

B. Dividend yield.

C. Capital gains yield.

D. Total return.

E. Real return.

Answer:

C. Capital gains yield.

Explanation:

This can be explained using the Dividend valuation model formula, which is as under:

Po = Dividend * (1+g) / (R-g)

The reason is that the dividend paid out of Northern Culture has higher growth rate than the Dixie South which means that if the growth is higher the increase in the share value is higher. The growth in share value will increase the share price significantly because increase in growth increases the nominator by (1+g) and decreases the denominator by g. This means that the capital gains (Stock sale price - Stock purchase price) will increase significantly and hence the capital gains yield will increase.

As the company Northern has higher dividend growth rate, it will have higher Capital gains yield than the the stock of Dixie.

3 0
3 years ago
Item 3Item 3 Pension funds are monies put aside by corporations, nonprofit organizations, or unions to fund the financial needs
fredd [130]

Answer:

Pension funds are contribution set aside by employers paid into a Pension Fund Administration (PFA) company for the purpose of retirement.

Explanation:

Pension funds are monies credited into the Individual Retirement Savings (IRS) Account by the employer, with a focus on providing financial comfort to the employees at retirement.

5 0
3 years ago
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