Answer:
The correct answer is (D) D. depend on the highest degree earned
Explanation:
Wages of employees are determined by seeing their highest degree and their experience. The most important factor nowadays, which can impact the earnings of workers is the highest degree earned. PhD employees earn more compared to the employees who have a master’s degree, and employees with a master’s degree earn more compared to employees with 16 years of education.
Answer:
Operating cash flow is $7,980
Explanation:
EBIT = sales of $19,730 - costs of $9,300 - depreciation expense of $1,970 = $8,460
Tax = (EBIT of $8,460 - interest expense of $1,460) * Tax rate 35%
= $2,450
The operating cash flow (OCF) = EBIT + Depreciation - Tax = $8,460 + $1,970 - $2,450 = $7,980
Answer:
To calculate annualized GDP growth rates, start by finding the GDP for 2 consecutive years. Then, subtract the GDP from the first year from the GDP for the second year. Finally, divide the difference by the GDP for the first year to find the growth rate. Remember to express your answer as a percentage.
Answer:
The correct answer is letter "B": There is no general rule for when an account becomes uncollectible.
Explanation:
Accounts Uncollectible represent any form of debt as a result of sales on credit that are likely not to be paid. Before classifying debt as uncollectible there is an unset timeframe that may go by.
At first, the sale on credit is considered an account receivable with a payment promise usually of 30 or 90 days. If three month passes but no payment is received, the account is considered aged receivables but if more time goes through without payment, the account then is labeled as doubtful.
Doubtful accounts become allowances if the company decides to take care of the payment of the debt with its own profit. <em>There is no set rule when an account receivable becomes uncollectible. It relies on the judgment of the firm.</em>
