Answer:
B. ask you boss which stuff takes priority and then make a list to remember.
Explanation:
Answer:
The correct answer is letter "A": Uncollectible accounts are not anticipated or immaterial.
Explanation:
Direct write-off is a method used to record debts from credit sales. An allowance account is not used with this method but an account receivable directly written-off for the outstanding amount once it is determined to be uncollectible. This method is used for tax-reporting purposes.
Answer:
$18,290
Explanation:
The computation of the cost of goods sold is given below;
The profit after tax is
= Retained earnings + dividend
= $411 + $285
= $696
The profit before tax = $696 ÷ (1 - Tax rate)
= $696 ÷ (1 - 0.35)
= $1,071
Now
Sales = $24,646
Let us assume the Cost of goods sold be X
admin expenses = $4,370
Depreciation = $812
Interest = $103
Profit before tax = $1.071
Cost of goods sold (X) = $24,646 - $4,370 - $812 - $103 - $1,071
= $18,290
Answer:
Option C $450,000 decrease
Explanation:
The reason is that the cost to buy the shares in the market is lower than $50 per share so buying the shares at $50 per share is not benefiting the directors at all. This means that the liability which was calculated using the black scholes model was standing at $1350,000 for 3 years and $450,000 for a single year will not be waived off because the directors didn't exercised the option and are taking money benefits which means under fair value method the net income will decrease by $450,000 because this is the amount paid to directors.
Answer:
Bank B is the better investment
Explanation:
Investment = P = $2,000
Number of years = n = 10
If the She invest in Bank A
r = 8.5% simple interest
Accumulated value after 10 years = A =P + (P x r x n) = $2,000 + ( $2,000 x 8.5% x 10 ) = $2,000 + $1,700 = $3,700
If the She invest in Bank B
r = 8% Compounded yearly
Accumulated value after 10 years = A = P x (1 + r )^n = $2,000 x ( 1 + 8% )^10 = $2,000 x ( 1 + 0.08 )^10 = $2,000 x ( 1.08 )^10 = $2,000 x 2.1589 = $4,317.8
= $4,318
Hence Bank B is the better investment because it make more money than in Bank A after 10 years.
