Answer: Transactions and Payment History.
Explanation:
The general ledger records the transactions and payment history of each customer to whom the business provides credit. The balance in each client account is periodically adjusted to the stability of accounts receivable in the general ledger, to ensure accuracy. It also provides details of these sales, showing dates and account numbers, credit, payments made against credit sales, discounts and refunds and fees.
Answer:
Sn = $2,916,666.67
Explanation:
Given:
First year profit (PV) = $350,000
Rate of trend (r) = -12% = -0.12
It is assume that firm doing his business continuously.
Formula to find geometric mean:
It is assumed that firms using the sum of geometric formula to find the trend.
Sn = a[1/Rate of trend]
Sn = $350,00[1/0.12]
Sn = $2,916,666.67
Answer:
Ask for More, Settle for Less
Explanation:
Persuasion is an influential parable term it may try and influence the values, emotions, expectations, motives, or actions of an individual.
In this technique ,the PR team asks for a huge amount of budget, understanding that some portions of it will be reduced by the administration but the team will be ready to take that step in less spending.
Answer:
Engineering Enterprises P.C.
At the end of the month, Cash would equal:
C) $43,000.
Explanation:
a) Data and Calculations:
Cash Account:
Lori investment in Engineering Enterprises P.C. = $30,000
Payment of salaries to the receptionist = (1,000)
Cash received from a customer on account = 6,000
Cash borrowed from the bank = 8,000
At the end of the month, Cash would equal $43,000
b) The cash balance at the end of the month is made up of the investment by Lori for common stock in Engineering Enterprises P.C. and the cash received respectively from a customer and the bank, minus the cash payment made to the receptionist as salaries.
Answer:
664,000 Company's equity
Explanation:
sales 1,660,000
COGS (850,000)
G&A cost (585,000)
EBIT 225,000
Interest expense (59, 000)
EBT 166, 000
Income tax (66,400)
Net income 99,600
We now calculate the present value of the equity based on the free cash flow:
FCF 99,600
k_e 15%
grow = 0
99,600/0.15 = 664,000 Company's equity