Answer:
c. Passive or sporadic exporting
Explanation:
Passive or sporadic exporting is a business operations related term that is used in describing a form of exporting activities or carrying out an exchange of commodities stimulated by unrequested examinations from abroad.
Hence, in this case, the correct answer is Exporting only after receiving unsolicited foreign inquiries is best described as "Passive or sporadic exporting"
Answer: A.Freight in
B.purchase return and allowance
C.purchase
D.sales discount
Explanation: A.Freight in the transportation cost associated with the delivery of a goods from the supplier to the receiving end.
B.purchase return and allowance. This occurs when a purchaser and inventory back to the seller.
C.purchase. This is the good and services bought by a company.
D.sales discount. A sales discount is usually offer for prompt payment. Is an incentive sellers offer for early payment.
Answer:
C. $3,000
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.
It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset
Mathematically,
Depreciation = (Cost - Salvage value)/Estimated useful life
Given that On January 1, Year 1, Sophia Company purchased an asset that cost $100,000. The asset had an expected useful life of five years and an estimated salvage value of $20,000,
Annual depreciation
= ($20,000 - $4,000)/8
= $2,000
At the beginning of the 3rd year, the carrying amount of the asset
= $20,000 - 2($2,000)
= $16,000
Since the company revised its estimated total life of 6 years, annual depreciation will be (including year 3)
= ($16,000 - $4,000)/4
= $3,000
Answer:
$62,267.91
Explanation:
first we must calculate the interest rate = 10% + 6% + (10% x 6%) = 16.6%
now we can use the present value formula:
present value = future value / (1 + rate)ⁿ
present values for:
- cash flow year 0 = $17,100
- cash flow year 3 = $46,500/1.166³ = $29,333.06
- cash flow year 4 = $12,300/1.166⁴ = $6,654.43
- cash flow year 7 = $26,900/1.166⁷ = $9,180.42
total present value = $62,267.91
Based on the information given, the items that can be reflected in the account activity but that the person cannot account for include bank charges and transactions involving the use of ATMs.
From the complete information, it should be noted that there are bank charges that are charged by the banks. In this case, the account may not reflect the spending that has actually been done.
Also, there are taxes that are charged on the goods that the person bought. Therefore, this will be reflected on the account activity and will give rise to a higher value than the amount that the person actually spends.
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