Answer:
a. retained earnings statement, as a $630,000 addition to the beginning balance
Explanation:
Data provided in the question
Change in increase in inventory = $900,000
Income tax rate = 30%
By considering the above information, the cumulative effect is
= Change in increase in inventory - Change in increase in inventory × income tax rate
= $900,000 - $900,000 × 30%
= $900,000 - $270,000
= $630,000
This $630,000 is a addition to the beginning balance
Answer:
option (c) $167,597.77
Explanation:
Data provided in the question:
Monthly mortgage payment = $900
Duration of loan, n = 30 years = 360 months
Interest rate = 5%
Monthly rate of interest = 5% ÷ 12 = 0.4167% = 0.004167
Now,
Mortgage loan can he afford
= Monthly mortgage payment × [ (1 - ((1 + r)ⁿ)⁻¹ ) ÷ r ]
= $900 × [ (1 - ((1 + 0.004167)³⁶⁰)⁻¹ ) ÷ 0.05 ]
= $167,597.77
Hence,
The answer is option (c) $167,597.77
Contact management is a system that tracks all communications between the company and the customer, the purpose of each communication, and any necessary follow-up.
Answer:
Time consuming.
Explanation:
More and more people dream of having their own business not only to dedicate themselves to doing something they like, but also to have more freedom with their time and money.
However, despite the increase in the number of people with this entrepreneurial spirit, not all of them have a deep knowledge of what it means to undertake and are not well aware of the advantages, disadvantages, how to start a business and what kind of profitable businesses can be developed. In addition, many people do not know that setting up their own business is difficult, laborious and time consuming and requires a lot of patience, perseverance and dedication.
Answer:
62,200 allowance ending
Explanation:
allownce 5,000 credit
<u>Because the bad debt is calculate over the sales,</u> the bad debt expense is the result of that estimated, without considering the beginning balance of the allowance.
22% of net credit sales will be uncollectible:
260,000 x 22% = 57,200
<u>Now ending balance will be beginning + uncollectible for the period</u>
5,000 beginning
57,200 uncollectible for the period
62,200 allowance ending