Answer:
Bad debt expense for 2021 as a percent of net credit sales is $79,900
Explanation:
The computation of the bad debt expense is shown below:
= Net credit sales × estimated bad debt percentage
= $4,700,000 × 1.70%
= $79,900
All other information which is given in the question are not related to the bad debt expense as it is an estimated bad debt percentage of the net credit sales Hence, we ignored it
The correct answer is - B) a regional organization prompting growth in Southeast Asia.
ASEAN is an organization in Southeast Asia that has as a main goal to promote the growth of the region through collaboration and support between the countries in this region.
This organization has its sights set on a future organization in the manner of the European Union, where there will be a single Southeast Asia market, and the countries will act as a unit.
It is an organization that has ten members, Brunei, Cambodia, Indonesia, Malaysia, Thailand, Vietnam, Laos, Myanmar, Philippines, and Singapore.
Answer:
Price of bond= $1,922.92
Explanation:
<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>
Value of Bond = PV of interest + PV of RV
Semi-annual interest = 4.93% × 2,000 × 1/2 =49.3
Semi-annual yield = 5.29%/2= 2.65%
PV of interest payment
PV = A (1- (1+r)^(-n))/r
A- 49.3, r-0.02645, n- 16×2
= 49.3× (1-(1.02645)^(-10)/0.02645)
= 1,055.521
PV of redemption Value
<em>PV = F × (1+r)^(-n)
</em>
F-2000, r-0.02645, n- 16
×2
PV = 2,000 × 1.02645^(-16×2)
PV = 867.402
Price of Bond
1055.52 + 867.40 =1,922.92
= $1,922.92
When there is no formal, written partnership agreement agreement to form a partnership is not enforceable. i.e False.
<h3>What is partnership?</h3>
Partnership involves two or more people coming to terms over a business idea or strategy.
This partners have a mutual agreement to pull their resources together for profit.
Therefore, When there is no formal, written partnership agreement to form a partnership is not enforceable. i.e False.
Learn more on partnership here,
brainly.com/question/25012970