Answer:
0.4025
Explanation:
The computation of the four-firm concentration ratio is shown below:
= (1st firm sales + 2nd firm sales + 3rd firm sales + 4th firm sales) ÷ (Total firm sales)
= ($270,000 + $215,000 + $190,000 + $130,000) ÷ ($2,000,000)
= ($805,000) ÷ ($2,000,000)
= 0.4025
We simply divide the top four firm sales by the total firm sale sales
Explanation:
The Journal Entry for 3 May is as shown below:-
Allowance for Doubtful Accounts Dr, $2,000
To Accounts Receivable A. Hopkins $2,000
(Being the write off is recorded)
Therefore for passing the journal entry we simply debited allowance for doubtful account and credited the accounts receivable)
Answer:
the numbers are missing, so I looked for a similar question and found:
<em>Determine which is the better investment: 5.22% compounded semiannually or 5.24% compounded quarterly. Round your answers to 2 decimal places.</em>
- effective interest rate for semiannual compounding = (1 + 5.22%/2)² - 1 = 5.29%
- effective interest rate for quarterly compounding = (1 + 5.24%/4)⁴ - 1 = 5.34%
Compounded quarterly is a better investment than compounded semiannually
Explanation:
The shorter the compounding period, the more interests received (or paid if it is a loan) and the nominal interest rate is the same:
E.g. lets assume that the nominal interest rate is 10% per year:
- effective interest rate for annual compounding = 10%
- effective interest rate for semiannual compounding = (1 + 10%/2)² - 1 = 10.25%
- effective interest rate for quarterly compounding = (1 + 10%/4)⁴ - 1 = 10.38%
- effective interest rate for monthly compounding = (1 + 10%/12)¹² - 1 = 10.47%
i would its because to profit motive i think.
Budget performance reports summarize: b. normal standards
<h3>
What is budget performance report?</h3>
A budget performance report contrasts the performance of the actual budget with what was anticipated. It enables comparison between actual account transactions for a given time and budget numbers for related periods. All transactions entered in batches or journals that are submitted to the ledger, as well as documents that are updated to the ledger and point-of-sale invoices, will be included.
Your projected budget and actual statistics for a given financial quarter are compared in the Profit & Loss by Budget Performance Report. This makes it simple to determine which "budget items" performed better than anticipated and which did not live up to expectations.
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