Answer:
We can say the rate is close enought to 14%
Explanation:
tthe IRR will be the rate at wich the NPV is zero
The cash flow are an annuity of 4,120 for 6 years
NPV = present value of cash flow - investment
0 = PV of annuity - investment
0 = PV of annuity - 16,000
PV = 16,000
C 4120
time 6
rate IRR
We divide the PV by the annuity to get the annuity factor
16,000 / 4,120 = 3,88349
We can look into the annuity table for a factor at time = 6 close to this figure
we have
14% factor of 3.889
15% factor of 3.784
We can say the rate is close enought to 14%
Answer:
Estimated fixed cost is $17,500.
Explanation:
Applying the high-low method, first, we calculated the variable cost per unit of the firm: ( 125,000 - 55,000) / (4,300 - 1,500) = $25 per tutoring hour.
We have : Total cost of a firm = Variable cost per tutoring hour x tutoring hour delivered + fixed cost.
put the number in the formula, using the high point ( using low point will also result in the same result of fixed cost), we have:
125,000 = 25 x 4,300 + fixed cost <=> Fixed cost = 125,000 - 25 x 4,300 = $17,500.
Answer:
A) is not protected by the whistleblower statute because she failed to inform the proper party of the contract violation.
Explanation:
A whistleblower is someone who exposes illegal or unethical activities carried on by public or private organizations including government entities, businesses, other non-profit organizations, etc.
Gossiping about what happens in an organization is not exposing their wrongful activities, in order for an individual to be considered a whistleblower, he/she must inform the illegal or unethical activities to the public authorities.
Answer:
Estimated Bad Debts = $ 9600
Explanation:
<u>Libre, Inc. </u>
Accounts Receivable $121,000
Allowance for Doubtful Accounts un adjusted $1,550 Credit
Net credit sales $192,000
The percentage of credit sales method, what is the estimated Bad Debt Expense for the year= 5% of $192,000 = $ 9600
Unadjusted balance Allowance for Doubtful Accounts $1,550 Credit
Less Current Year Bad Debts Balance = $ 9600
Adjustment= $ 8050
When using the percent of sales method the estimate of bad debts is the percentage multiplied with the credit sales .
Estimated Bad Debts = $ 9600
Answer:
Deferrals / Prepaid
Supplies Expense
Date Debit Credit Date
31-Dec $4,940
Balance $4,940
Office Supplies
Date Debit Credit Date
31-Dec $9,200 $4,940 31-Dec
Balance $4,260
