One might infer from a debit balance in Allowance for Doubtful Accounts that : Group of answer choices

Skolits Corp. issued 15-year bonds 2 years ago at a coupon rate of 7.3 percent. The bonds make semiannual payments. If these bon

Crazy boy [7]

Answer:

6.94%

Explanation:

The yield to maturity can be computed using excel rate function found below:

=rate(nper,pmt,-pv,fv)

nper is the coupons that bond has left to pay i.e 26 semiannual coupons in 13 years

pmt is the semiannual coupon amount i.e $1000*7.3%*6/12=36.5

pv is the current market price i.e 103%*$1000=$1030

fv is the face value of $1000

=rate(26,36.5,-1030,1000)=3.47%

semiannual yield =3.47%

annual yield =3.47% *2=6.94%

7 0

3 years ago

scott is the chief human resource officer (CHRO) of MarkIt Inc.. In performing the tasks of aligning the HR activities with the

Crank

Answer:

leader of the HR function

Explanation:

HRM stands for Human Resource Management. It is a department in any business organization which looks after hiring, training and managing the employees of the organization.

It also deals with the issues of the employees that they face in the organization.

In the context, Scott who is the CHRO, i.e. the chief human resource officer of the organization named Marklt Inc. performs the tasks of the management and alignment of all the HR activities that is with the need of the business. In such a way, Scott is performing the role of the leader of the HR function.

As a leader of the HR, Scott is ensuring that Marklt Inc. has the right people in the organization working to their best.

5 0

3 years ago

The Big Buy Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes per year (365 days). It costs the store $60 p

Nady [450]

Answer:

a. 775 units

b. $670

c. 44 units

Explanation:

a. The computation of the economic order quantity is shown below:

= $\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

= $\sqrt{\frac{2\times \text{4,000}\times \text{\$60}}{\text{\$0.80}}}$

= 775 units

b. The minimum total annual inventory cost is

= Ordering cost + carrying cost

where,

Ordering cost =

The number of orders would be equal to

= Annual demand ÷ economic order quantity

= 4,000 ÷ 775 units

= 5.61 orders

Ordering cost = Number of orders × ordering cost per order

= 6 orders × $60

= $360

The carrying cost is

The average inventory would equal to

= Economic order quantity ÷ 2

= 775 units ÷ 2

= 387.5 units

The total cost of ordering cost and carrying cost equals to

Carrying cost = average inventory × carrying cost per unit

= 387.5 units × $0.80

= $310

So, the minimum total annual inventory cost is

= $360 + $310

= $670

The computation of the reorder point is shown below:

= Demand × lead time + safety stock

where, Demand equal to

= Expected demand ÷ total number of days in a year

= 4,000 ÷ 365 days

= 10.95890

So, the reorder point would be

= 10.95890 × 4 + $0

= 44 units

5 0

3 years ago

Velma and Keota (V&K) is considering an investment opportunitiy. The investment requires V&K to spend $11,751.44 to acqu

adell [148]

Answer:

The total present values of cash inflows is $12,057.92

The net present value is $306.48

The IRR is 10%

Explanation:

The total present values was computed by multiplying each of the cash flow by a discount factor ,which is given as 1/(1+r)^n

r is the percent minimum rate of return

n is the relevant year of cash flow

The computation is found in the attached.

The net present is the sum of present of inflows minus cash outflow

The formula for IRR is ,=irr(values) as contained in the excel file attached.

Download xlsx

8 0

3 years ago

Mega Loan Company has very stringent credit requirements and, accordingly, has negligible losses from uncollectible accounts. Th

AfilCa [17]

Answer: The correct answer is "(A) Materiality.".

Explanation: The concept demonstrated is Materiality because by having a mechanism for preventing bad accounts through their strict requirements, they only recorded bad accounts when they actually existed, instead of making a provision.

6 0

3 years ago