The amount that was to be receivable in the year 2015 decreased and the balance of allowance for doubtful accounts also decreased.
<u>Explanation:</u>
According to the information that was given, the amount that was receivable in 2014 was 13,832 million where as in the year 2015 it was 13,363 millions. The ending balance of allowance for doubtful accounts in 2014 was 232 million and in 2015 it was 189 millions.
All this information shows that the accounts and the amounts in the accounts decreased from the year 2014 to year 2015.
Yes, I think there is a relationship between amount spent on groceries and gender because boys tend to eat more than the girls.
Answer:
Option (C) is correct.
Explanation:
Selling price of a basketball = $170
A potential buyer contacts you and offers to pay you$170 Canadian dollars.
Exchange rate between the U.S and Canada is as follows:
$1 U.S = $1.25 Canadian
So,
Worth of $170 U.S in terms of Canadian dollar is as follows:
= $1.25 × $170
= $212.5 Canadian dollars
If you take this deal, you will have returned Steve to his homeland and Earned less than if you accept $170 U.S.
Because, the worth of $170 U.S dollars is $212.5 Canadian dollars. Hence, there is a loss of $42.5 Canadian dollars if he will accept the deal.
So, it is better for him to accept $170 U.S dollars.
Answer:
Explanation:
I have attached a screenshot of the spreadsheet I used.
First, input each incremental cashflow in its own cell,
Input the MARR rate as well
To determine if accepting alternative B is worth it or not based on rate of return, use IRR (Internal rate of return) function on excel by typing "=IRR" and select the array of cells containing the cashflows. IRR is 13.84% is positive and it means that alternative B is more profitable since the IRR is greater than the MARR of 12%
Answer: 12.53%
Explanation:
EBIT = $780,000
Interest = $470,000
EBT = EBIT - Interest
= $780,000 - $470,000
= $310,000
Net Income = EBT - Tax
= $310,000 - (35% × $310,000)
= $310,000 - (0.35 × $310,000)
= $310,000 - $108,500
= $201,500
Total assets turnover ratio = 2.8
Total assets = $10,000,000/2.8
= 3,571,429
Debt ratio = 55% = 0.55
Debt/Total asset = 0.55
Debt/3,571,429 = 0.55
Debt = 0.55 × 3571429
= 1,964,286.4
Equity = 0.45 × 3571429
= $1607143.5
Return on equity = Net income/Equity
= $201,500/$1,607,143.5
= 0.1253
= 12.53%
The company's return on equity will be 12.53%.
