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Scilla [17]
4 years ago
7

At December 1, 2017, Swifty Company's Accounts Receivable balance was $12770. During December, Swifty had credit sales of $34200

and collected accounts receivable of $27360. At December 31, 2017, the Accounts Receivable balance is:
A. $19,610 credit
B. $1 debit
C. $46,970 debit
D. $19,610 debit
Business
1 answer:
daser333 [38]4 years ago
8 0

Answer:

D. $19,610 debit

Explanation:

closing receivable =opening receivable +credit sale-amount collected

Closing receivable=12770+34200-27360

Closing recievable=19610 debit balance

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tiny-mole [99]

Answer:

B

Explanation:

6 0
3 years ago
Which of the following was the result in Eric Lucier and Karen A. Haley v. Angela and James Williams, Cambridge Associates, LTD.
balu736 [363]

A. Substantive unconscionability B. Adhesion conscionabilityC. Procedural unconscionabilityD. Exculpatory clausesE. An inparidelictoagreement.

Substantive unconscionably

Answer: Option A.

<u>Explanation:</u>

Unconscionability (now and then known as unconscionable managing/lead in Australia) is a teaching in contract law that depicts terms that are so very out of line, or overwhelmingly uneven for the gathering who has the predominant haggling power, that they are in opposition to great inner voice.

Substantive unconscionability alludes to the unconscionability in the details of an agreement. It implies that the target terms of the agreement are uncalled for. Substantive unconscionability results when agreement terms are unnecessarily abusive or cruel.

4 0
3 years ago
Determine which is the better investment: compounded semiannually or compounded quarterly. Round your answers to decimal places.
klemol [59]

Answer:

the numbers are missing, so I looked for a similar question and found:

<em>Determine which is the better investment: 5.22% compounded semiannually or 5.24% compounded quarterly. Round your answers to 2 decimal places.</em>

  • effective interest rate for semiannual compounding = (1 + 5.22%/2)² - 1 = 5.29%
  • effective interest rate for quarterly compounding = (1 + 5.24%/4)⁴ - 1 = 5.34%

Compounded quarterly is a better investment than compounded semiannually

Explanation:

The shorter the compounding period, the more interests received (or paid if it is a loan) and the nominal interest rate is the same:

E.g. lets assume that the nominal interest rate is 10% per year:

  • effective interest rate for annual compounding = 10%
  • effective interest rate for semiannual compounding = (1 + 10%/2)² - 1 = 10.25%
  • effective interest rate for quarterly compounding = (1 + 10%/4)⁴ - 1 = 10.38%
  • effective interest rate for monthly compounding = (1 + 10%/12)¹² - 1 = 10.47%
8 0
3 years ago
By buying a ________ bond, investors will have an option to exchange their bond for shares of common stock in the company at a f
Ganezh [65]

Answer: convertible bond

   

Explanation: As per the subject matter of business, a convertible bond or convertible debt is a kind of security that can be converted into a stipulated amount of specific stock shares in the issuing corporation or equivalent value money. This is a mixed security including features similar to equity and debt.

Convertible securities are most frequently issued by poor credit ranking businesses with heavy potential for the future. Convertible securities are sometimes considered debentures security, as businesses offer to give predetermined or changing interest rates for shareholder resources as they do in equity bonds.

3 0
3 years ago
Butcher Timber Company hired your consulting firm to help them estimate the cost of equity. The yield on the firm's bonds is 10.
Gala2k [10]

Answer:

Cost of Equity will be= 14.35%

Explanation:

Cost of equity can be calculated as Risk free return+[beta*Risk Premium]

IN given case Risk free return will be yield on bond=10.05%

Risk Premium given=3.85%

But beta of company is not given, and market beta also not given, hence we can not calculate beta.

we can assume beta of company is 1, then-

Cost of Equity will be= 10.50%+3.85%= 14.35%

Note- Retained earning also not given so that we calculate based of retain earning.

3 0
4 years ago
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