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damaskus [11]
3 years ago
12

Bayside Technical Services signed a contract on a sixminusmonth job for a​ client, starting on March 1. Bayside will collect​ $2

4,000 from its customer when the job is finished but the revenue is earned evenly over the six months. On March​ 31, before adjusting entries are​ made, Bayside's Accounts Receivable account had a debit balance of​ $4,000. After the March 31 monthly adjusting entry has been​ made, what will be the balance in Accounts​ Receivable?
Business
1 answer:
krek1111 [17]3 years ago
4 0

Answer:

$8,000

Explanation:

The computation of the balance in the account receivable is shown below:

= One month balance + debit balance of the account receivable

where,

One month balance is

= Total collection made by the customer ÷ number of months

= $24,000 ÷ 6 months

= $4,000

And, the debit balance of the account receivable is $4,000

So, the balance in account receivable is

= $4,000 + $4,000

= $8,000

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Answer:

C. The present value of cash flows in Investment A is higher than the present value of cash flows in Investment B.

Explanation:

Typically, discount rate represents cost of capital or funds used to finance the investment. This implies that the higher the cost of capital , the lower the present value of cash inflow on the investment and vice-versa.

Hence, the present value of cash flows in Investment A is higher than the present value of cash flows in Investment B,  because A has a lower discount rate.

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A company issued $50,000 of 8%, 10-year bonds on January 1. The bonds pay semi annual interest. The present value factor of a si
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Answer:

$22,820

Explanation:

Calculation to determine Determine the present value of the par value of the bonds.

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Present value factor of 20 periods at 4%= ( 1 / 1.04^20 )

Present value factor of 20 periods at 4%=0.4564

Using this formula

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Let plug in the formula

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Present value of the par value of the bond = $22,820

Therefore the present value of the par value of the bonds is $22,820

6 0
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Retailers is someone that sell the goods that produced by the manufacturers to the consumers.

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