______________ insurance covers damage to your vehicle caused by something other than a collision.

Amanda is a Certified Public Accountant. She wants to work as an auditor with a firm in the state of California. Which accountin

Hunter-Best [27]

Answer:

C

Explanation:

Amanda must get herself registered with the state board of accountancy.

To become a member of the certified public accountancy (CPA), one requires a bachelor’s degree in business administration, finance, or accounting.

The state Boards of Accountancy helps to assist state government in the licensing and regulation of the public accounting profession.

For Amanda to work as an auditor in a firm in California she has to register in the state board of accountancy.

6 0

3 years ago

A competitive firm has been selling its output for $10 per unit and has been maximizing its profit. Then, the price rises to $14

LenaWriter [7]

Answer:

The answer is 3. Quantity of output is higher that it was previously

Explanation:

A perfectly competitive firm acts as a price taker, so its calculation of total revenue is made by taking the given market price and multiplying it by the quantity of output that the firms chooses.

3 0

4 years ago

a firm has a pure discount loan with face value of $75,000 that is due in six months. the assets of the firm are currently worth

ioda

As you owns stock in a firm that has a pure discount loan due in six months. The loan has a face value of $70,000. The assets of the firm are currently worth $96,000. The stockholders in this firm basically own a <u>call option</u> on the assets of the firm with a strike price of <u>$70,000</u>.

<h3>What Is a Call Option?</h3>

Basically, a call options refers to a financial contracts that give the option buyer the right, but not an obligation to buy a stock, bond, commodity or other asset or instrument at a specified price within a specific time period.

<h3>What is a Strike price?</h3>

On an options contract, a strike price refers to the the price at which the underlying security can be either bought or sold once exercised. It is also known as the exercise price and it is a key feature of an options contract.

In conclusion, as the firm has a pure discount loan with face value of $75,000 which is due in six months whereas its assets are worth $96,000, then, we will say the firm have a call option with a strike price of $96,000.

Read more about Call Option

brainly.com/question/24113109

#SPJ1

8 0

1 year ago

Nenn Co.'s allowance for uncollectible accounts was $190,000 at the end of 2017 and $180,000 at the end of 2016. For the year en

Svetradugi [14.3K]

Answer:

$ 21,000

Explanation:

To determine the answer we need to preoare a movemnet of the account for uncollectible account.

Opening balance - Allowance for uncollectible accounts $ 180,000

Add: Bad debt expense for the year <u>$ 21,000</u>

Available balance of Allowance for uncollectible accounts $ 201,000

Less: Closing balance - Allowance for uncollectible accounts <u>$ 190,000</u>

Actual bad debts written off $ 21,000

The bad debts expense for the year is credited to the Allowance for uncollectible accounts and any actual bad debts are debited to this account.

8 0

3 years ago

The following present value factors are provided for use in this problem: Norman Co. wants to purchase a machine for $40,000 but

koban [17]

Answer:

$2,685

Explanation:

Calculation to determine the machine's net present value

NET PRESENT VALUE

Year Cash flow*Discount factor at 8% =Discounted Cash flows

0 $ -40,000*1= $-40,000

1 $ 12,000*0.9259= $11,111

2 $12,000*0.8573=$10,289

3 $ 12,000* 0.7938=$9,526

4 $16,000*0.7350=$11,760

NET PRESENT VALUE $2,685

($-40,000+$11,111+$10,289+$9,526+$11,760)

Therefore the machine's net present value is $2,685

5 0

3 years ago