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Zolol [24]
3 years ago
13

At the beginning of the year, the balance in Allowance for Doubtful Accounts is a credit of $760. During the year, $120 of previ

ously written off accounts are reinstated and accounts totaling $740 are written off as uncollectible. The end-of-year balance (before adjustment) in Allowance for Doubtful Accounts should be
Business
1 answer:
Mekhanik [1.2K]3 years ago
3 0

Answer:

=$140

Explanation:

At the beginning of the year, the account had a credit(positive balance of $760)

Previously bad debt that has been reinstated, $120

The new balance will be $760 + $120 = $860

adjusting for the written-off accounts

=$860 - $740

=$140

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Venzuela Company’s net income for 2020 is $50,000. The only potentially dilutive securities outstanding were 1,000 options issue
aev [14]

Answer:

$4.67 per share

Explanation:

The calculation of the diluted earning per share is given below:

= (Total income - preference dividends) ÷ (outstanding shares + diluted shares)

where,

Total income is $50,000

Outstanding shares is 10,000

And, the diluted shares is computed by following calculations

Amount paid towards shares = Options issued × Exercise price per share

= 1,000 × $6

= $6,000

And,

Value of options = Amount paid towards shares ÷ Current market price

= $6,000 ÷ $20

= 300

Therefore,

Diluted shares is

= Options issued - value of options

= 1,000 - 300

= 700

So Diluted Earnings per share is

= ($50,000) ÷ (10,000 + 700)

= $4.67 per share

4 0
3 years ago
Kermit is considering purchasing a new computer system. The purchase price is $133,063. Kermit will borrow one-fourth of the pur
lesya [120]

Answer:

NPV =  $20,040.35  

Explanation

The net present value NPV) of a project is the present value of cash inflow less the present value of cash outflow of the project.

NPV = PV of cash inflow - PV of cash outflow

We can set out the cash flows of the project using the table below:

Annual net cash inflow = Savings - Technician cost = 61,427- 20,000

                                       = $41,427

PV of Cash flow= $41,427  × (1-(1.12^(-5))/0.12=  149,335.06  

PV of salvage value = 1.12^(-5)×$6,641 =  3768.281749

NPV = 149,335.06  + 3,768.281  -133,063= 20,040.35  

             

7 0
3 years ago
The hot dog processing factory that Oscar works at recently instituted a total quality management program to better include work
ASHA 777 [7]

Answer:

a) alienation

Explanation:

Alienation refers to the state by which an individual or group of individuals is isolated from an activity or task to which they should be involved. Examples of alienation include a lack of staff involvement in basic decision making, a feeling of powerlessness by employees etc.

7 0
3 years ago
Suppose you are studying economics. If you weren't studying economics, you would be studying literature, raising your grade in t
german

Answer:

a letter grade in literature

Explanation:

Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If i weren't studying economics, i would be studying literature. Thus by studying economics, i am forgoing the opportunity to study literature This is my next best option and thus my opportunity cost

8 0
3 years ago
If Dallas Company billed a client for $10,000 of consulting work completed, the accounts receivable asset increases by $10,000 a
Mazyrski [523]

In the event that Dallas Company bills a client, the account that will increase along with accounts receivable is a<u> Revenue increase </u><u>of </u><u>$10,000. </u>

<h3>Accounts affected </h3>
  • Accounts receivable will increase because the client will owe Dallas Company.
  • Revenue will increase as well because Dallas Company is earning revenue from the consulting work.

The increase to the Revenue account will be the amount charged for consulting work which is $10,000.

In conclusion, option D is correct.

Find out more on accounting for revenue at brainly.com/question/12115903

8 0
2 years ago
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