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3 years ago

Describe how you would use any five entrepreneurial qualities to make sure that your business is a success

1 answer:

5 0

Passion
being open minded
desire to become the best at what you do
having a positive attitude and outlook
constantly keep your ideas flowing

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At year-end (December 31), Chan Company estimates its bad debts as 0.30% of its annual credit sales of $673,000. Chan records it

Rudiy27

Answer:

bad debt expense 2,019 debit

allowance for uncollectible amount 2,019 credit

--to record estimated bad debt expense--

allowance for uncollectible amount 337 debit

accounts receivables 337 credit

--to record write-off of P.Park Account--

accounts receivables 337 debit

allowance for uncollectible amount 337 credit

--to reverse write-off of P-Park account--

cash 337 debit

accounts receivables 337 credit

--to record collection of P-Park account--

Explanation:

<em>bad debt expense</em> 673,000 x 0.30% = <em>2,019‬</em>

<em />

The write off decreases both, the allowance and accounts receivables

As Park pay up his old debt, the entry is reversed. Then we record the collection as normal.

6 0

3 years ago

A proposed new project has projected sales of $159,800, costs of $80,840, and depreciation of $5,640. The tax rate is 24 percent

never [62]

Answer:

Explanation:

In order to calculate the OCF, we first need to calculate net income.

We have:

Sales: $159,800

Cost: -$80,840
Depreciation $5,640

EBT : $73,320

Tax = $73,320*24% = $17,596.8

Net income : $55,723.2

Using the most common financial calculation for OCF, we get:

OCF = EBIT + Depreciation - Taxes

OCF = $73,320 + $5,640 - $17,596.8

OCF = $61,363.2

The top-down approach to calculating OCF yields:

OCF = Sales - Costs - Taxes

OCF = $159,800 - $80,840 - $17,596.8

OCF = $61,363.2

The tax-shield approach is:

OCF = (Sales - Costs)(1 - tC) + tCDepreciation

OCF = ($159,800 - $80,840)(1 - 0.24) + 0.24*$5,640

OCF =$61,363.2

And the bottom-up approach is:

OCF = Net income + Depreciation

OCF = $55,723.2 +$5,640

OCF = $61,363.2

Hope it will find you well

3 0

3 years ago

compare how the total amounts of e-waste generated, e-waste disposed of as trash, and e-waste recycled have changed over time. b

ArbitrLikvidat [17]

The overall amount of e-waste generated steadied or slightly dropped, while the amount of e-waste recycled continuously grew.

<h3>What is meant by e-waste?</h3>

Electronic garbage, sometimes known as e-waste, refers to outdated electrical or electronic equipment. E-waste includes used electronics that are intended for recycling through material recovery, refurbishment, reuse, resale, or disposal.

Electronic items that are nearing the end of their "useful life" are sometimes referred to as "e-waste." Common electronic products include computers, televisions, VCRs, stereos, copiers, and fax machines. Numerous of these items can be recycled, repaired, or reused.

Between 2010 and 2013, the overall amount of e-waste generated steadied or slightly dropped, while the amount of e-waste recycled continuously grew.

To learn more about e-waste refer to:

brainly.com/question/15549433

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6 0

1 year ago

X-treme Vitamin Company is considering two investments, both of which cost $22,000. The cash flows are as follows:

lukranit [14]

Answer:

0.88 years

1 year

Explanation:

Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.

For project A:

Amount invested = $-22,000

Amount recovered in year 1 = $-22,000 + $25,000 =$-3000

The amount invested is recovered In 22,000 / $25,000 = 0.88 years

For project B:

Amount invested = $-22,000

Amount recovered in year 1 = $-22,000 + $22,000 = 0

The amount invested is recovered in a year

I hope my answer helps you

8 0

3 years ago

Should a company pursue an unrelated diversification strategy, the types of companies that make particularly attractive acquisit

Vlada [557]

Many companies avoid unrelated diversification as a general business rule because of the lack of synergy that exists. When you have related diversity, you can more easily integrate your company brand, philosophies, resources, and partnerships to take full advantage.

<h3>Why would a company use unrelated diversification?</h3>

The benefits of unrelated diversification are rooted in two conditions:

(1) increased efficiency in cash management and in the allocation of investment capital and

(2) the capability to call on profitable, low-growth businesses to provide the cash flow for high-growth businesses that require significant infusions of cash.

To learn more about diversification visit the link

brainly.com/question/15259776

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5 0

2 years ago