In a transaction between merchants, the additional proposed terms automatically become part of the contract unless

The primary goal of a firm's management is to do what?Select one:a. Maximize owner's share of earningsb. Maximize owner's wealth

notsponge [240]

Answer:

b. Maximize owner's wealth.

Explanation:

The owners wealth is usually measured by the financial behaviour of shares. In that sense we can find two reasons why is so important for the firm's management.

1. The managers recieve a greater compensation when the performance of the share increases their value. The managers have an incentive in order to keep the price of shares high.

2. Is a market oriented reason. For shareholders, consumers, banks and stakeholders, a good performance of the share is a positive signal for future investments, quality of the services and products and stability in the long run.

4 0

3 years ago

Leadership, productivity and self-direction are examples of?

Mariulka [41]

Life and career skills.

5 0

3 years ago

Property taxes are usually determined based on

xxTIMURxx [149]

Answer;

-Market value of the property

Explanation;

-Property tax or real estate tax is a tax charged on immovable property such as land and structures that are permanently attached to the ground such as a house, building, or land. Therefore; If you own a home, you pay property (real estate) tax directly to your local tax assessor or indirectly with your monthly mortgage payment.

-Personal property tax on the other hand, is an annual tax imposed on movable assets, such as mobile homes, RVs, vehicles, boats, planes, etc. For example, the portion of your vehicle's registration or license fee that's based on the value of the vehicle is considered a personal property tax.

8 0

4 years ago

Read 2 more answers

Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2016, accounts receivable totaled $720,000. Th

Yuki888 [10]

Answer:

Journal

Date Account Titles and Explanation Debit Credit

Allowance for uncollectible accounts $30,500

Accounts Receivables $30,500

(To write off uncollectibles during the year)

Journal

Date Account Titles and Explanation Debit Credit

Account receivables $3,100

Allowance for uncollectible accounts $3,100

(To reinstate receivables written off earlier)

Journal

Date Account Titles and Explanation Debit Credit

Cash $3,100

Account receivables $3,100

(To record the recovery of bad debts)

Journal

Date Account Titles and Explanation Debit Credit

Bad debt expenses $48,000

Allowance for uncollectible accounts $48,000

(To record bad debts expenses)

<u>Workings</u>

Closing allowance = Opening allowance - Receivables written off + Receivables reinstated = $51,000 - $30,500 + $3,100 = $23,600

Expenses Bad debt = Receivables at the end of 2016 * Estimated percentage = $720,000 * 10% = $72,000

Allowance to be created = Estimated bad debts - Balance of Allowance at year end = $72,000 - $23,600 = $48,400

4 0

3 years ago

Find the future value of a five-year $113,000 investment that pays 10.00 percent and that has the following compounding periods:

Sati [7]

Answer: Future Value FV = 169,500

Explanation:

The information given to us are;

Present value PV = 113000

Interest R = 10% = 0.01

number of years T = 5

Future value FV = ?

So using the formula

FV = PV * [1 + (R * T)],

We input our value

FV = 113000 * [ 1 + ( 0.1 * 5) ]

FV = 113000 * [ 1 + 0.5]

FV = 113000 * 1.5

FV = 169500

3 0

3 years ago