Answer:
option (C) $7,420
Explanation:
Data provided in the question:
Estimate of uncollectible receivables = $6,600
Balance of Accounts Receivable = $116,000
unadjusted debit balance of the Allowance for Doubtful Accounts = $820
Credit sales during the year = $182,000
Now,
Bad debt Expenses is given as:
= Unadjusted debit balance for doubtful accounts + Uncollectible Receivable
= $820 + $6,600
= $7,420
Hence,
The correct answer is option (C) $7,420
Answer:
job preview
Explanation:
when Randy apply supermarket for butcher's assistant position
and after complete process, manager aware him about responsibilities of assistant
but after all that process he feel sick and say to manager that he is not get this job
so we can this is job preview because job preview is that process which occurs during the hiring of an employee and which clearly highlights all the pros. and cons. of the job profile and giving candidate the most accurate information about the job.
Answer:
The company's net cash flow is $64.7 million
Explanation:
Brooks Sisters' operating income (EBIT) is $168 million and the company's interest expense is $17 million.
Taxable income = $168 - $17 = $151 million
The company's tax rate is 40.0%, and its operating cash flow is $142.1 million:
Tax = $151 x 40% = $60.4 million
The company's net cash flow = Operating cash flow - The company's tax - the company's interest expense = $142.1 - $60.4 - $17 = $64.7 million
The efficient market theory would be violated if investors earned extraordinary returns months after a company announced unexpected profits. Thus, the correct option is (d.) Investors earn abnormal returns months after a firm announces surprise earnings.
<h3>What exactly is the hypothesis of an efficient market?</h3>
The efficient-market hypothesis is a financial economics concept that asserts asset prices represent all available information. Because market prices should only react to fresh information, it is impossible to continually "beat the market" on a risk-adjusted basis.
Because the EMH is expressed in terms of risk adjustment, it can only offer testable predictions when combined with a specific risk model. As a result, financial economics research has focused on market anomalies, or departures from specified risk models, since at least the 1990s.
To learn more about Efficient-market hypothesis, click
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Answer:
The correct answer is defined contribution plan.
Explanation:
The defined contribution plan is a pension plan in which the company agrees to make monetary contributions each year for the benefit of the employee.
Generally, in a defined contribution plan the employee has the right over the invested assets and is free to withdraw the accumulated funds if his retirement occurs prematurely. For this reason, the defined contribution plans are said to have portability, that is, if the employee ends his employment relationship with the company, he can transfer his funds to his new company's pension plan or to a private pension plan.
Upon retirement, the employee can access the accumulated funds, but unlike in the defined benefit plans, no amount is guaranteed. The investment risk is assumed entirely by the employee.
For example, the company can contribute 1% of salary to a pension fund every month. The employee can also contribute part of his salary to this plan.
