Answer:
The answer is option C) Yes No
Explanation:
Current liabilities are obligations that are reasonably expected to be paid from Existing Creation of Other Current Assets and not current liabilities.
This is because, Current liabilities are short term liabilities due within a year. They include accounts payable, short term debt and overdraft. This means that payment can only be generated by current assets.
Current assets are also short term assets with a life span of on year. They include accounts receivable an cash.
Therefore, Yes, Current liabilities are obligations that are reasonably expected to be paid from Existing Creation of Other Current Assets.
And No, Current liabilities are obligations that are not expected to be paid from Existing Creation of Other Current Liabilities.
Answer:
The correct answer is c) $9,000
Explanation:
If net credit sales are $300,000 and bad debt expense is estimated at 3% of net credit sales.
$300,000 x 3%= $9,000
or
$300,000 x 0.03= $9,000
The amount of the adjusting entry to record the estimated uncollectible accounts receivables is $9,000
Based on the above scenario, the answer is No. I would not tell Sue, because manufacturing cost falls under business's internal factors that tends to affect firm's profitability.
<h3>What is discount?</h3>
Others are:
- Also note that if i tell her, my actions will be found to be ethically incorrect.
The term discount is known to be an act or process where a price of product or services are reduced prices to a price lower than the exact sum of that item.
Note that Based on the above scenario, the answer is No. I would not tell Sue, because manufacturing cost falls under business's internal factors that tends to affect firm's profitability.
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Answer:
73 months
approximately 6 years
Explanation:
The period of time it would take to pay off the loan can be determined using excel nper function as below:
=nper(rate,pmt,-pv,fv)
rate is the interest expressed in monthly terms which is 15.3%/12
pmt is the amount payment per month i.e $90
pv is the amount of loan which is $4250
fv is the balance of the loan after all payments have been made i.e $0
=nper(15.3%/12,90,-4250,0)= 73 months
73 months/12 months=approximately 6 years
Answer:
Customer lifetime value predicts how much profit is associated with a customer during the course of their lifetime relationship with a company.
Explanation:
It is important to manage customer relationships because customers provide a great deal of value to the company if they remain customers for many years.
Customer lifetime value is greater for companies who have loyal customers as compared to customers who are one time only. They add less value to the company as customers are also a source of promotion for the company.
