The bad debts expense signifies the straight write off of
the bad accounts which is the $20,000 along with an increase in the allowance which
is an approximation of the bad accounts to be written off in the future which
is the $3,000. The growth in the allowance account cannot be subtracted.
Answer:
Explanation:
If an individual signs Form U4, that individual is agreeing to submit potential disputes with the firm, other member firms, customers, or associated persons to arbitration rather than litigation
. In other words, the individual is agreeing to use arbitration as a means of resolving any disputes that involve the employer, other members, customers, or associated persons. instead of litigation. This form is mandatory and must be signed by any individual who is registering with a broker-dealer.
Answer:
Down Below
Explanation:
The resources must be valuable, rare, imperfectly imitable, and non-substitutable.
A direct investment, also known as a foreign direct investment occurs when a retail firm invest in and owns a retail operation in a foreign country.
There are many benefits to a foreign direct investment and that's why a lot of retail firms go this route. A few advantages are: larger growth opportunities, goods sold and serviced around the world, benefits the global economy and the investors.
Answer:
$1,916.2
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity. In this question the payment of $95 per month for 24 months at APR of 16% is an annuity.
Formula for Present value of annuity is as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Where P = Annual payment = $95
First, Calculate the effective rate
EAR = ( 1 + 16%/12 )^12 - 1 = 17.2%
r = rate of return = 17.2% annual = 17.2% / 12 = 1.44% per month
n = number of years = 24 months
Placing value in the Formula
PV of annuity = $95 x [ ( 1- ( 1+ 1.44% )^-24 ) / 1.44% ]
PV of Annuity = $1,916.2
