Answer:
d. $2,591.85
Explanation:
To solve we can use the present value formula defined by
where PV is present value, FV is future value, t is time and r is the interest rate , we can replace the values given in the question. Where 4000 is the future value, the time is t=6 years, and the interest rate is r=0.075, so we get
Answer:
$1,085,000
Explanation:
The computation of the ending account receivable balance is shown below:
= Accounts receivable balance, 1/1/2016 + credit sales - sales returns - written off amount - Collections from customers
= $650,000 + $2,700,000 - $75,000 - $40,000 - $2,150,000
= $1,085,000
Since we have to find out the account receivable balance before allowances so we do not considered it.
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Answer: (D) ABC analysis
Explanation:
ABC analysis is one of the type of inventory method that are basically divided into the three main categories that is A,B and the C categorization.
The main advantage of this type of analysis is that it is categorized on the quantity and the values basis and this analysis is basically keeps the cost in the business under the control. It is also known as the inventory management and the ABC analysis contributed in the overall profit in an organization.
According to the question, the retail manager basically using the ABC analysis for determining the inventory items in the system.
Therefore, Option (D) is correct.
B. A service to automatically transfer funds from a linked account to cover purchases, prevent returned checks and declines items when you don't have enough money in your checking account at the time of the transaction.
