Answer:
c. the analysis of receivables method.
Explanation:
In accounting for uncollectible receivables, the balance in Allowance for Doubtful Accounts will directly impact the amount of the adjustment when applying the analysis of receivables method.
The uncollectible account for receivables includes loans, credit sales or other debts that the business isn't expecting payment for and they are recorded as bad debt expense on the balance sheet.
The allowance for doubtful account method is used to account for the bad debt expense, and recorded before the bad debt occurs.
Basically, there are two (2) main methods of determining uncollectible accounts for receivables under the allowance method, these are;
1. The analysis of receivables method.
2. The percentage of sales method.
In this scenario, we are more concerned with this;
The analysis of receivables method is used to determine uncollectible account for receivables based on the age of respective accounts receivable.
Answer:
$462
Explanation:
The computation of the net present value is shown below:
= Present value of all year cash inflows by considering the salvage value - initial investment
where,
Present value of all year cash inflows by considering the salvage value is
= Annual cash flows × PVIFA factor for 4 years at 15% + Salvage value × discount rate at 4 year on 15%
= $54,000 × 2.855 + $11,000 × 0.572
= $154,170 + $6,292
= $160,462
And, the initial investment is $160,000
So, the net present value is
= $160,462 - $160,000
= $462
We simply applied the above formula to determine the net present value
Refer to the PVIFA table and discount factor table
This is the answer but the same is provided in the given option
Answer:
scope creep
Explanation:
Scope creep refers to the managing of the project with respect to the changes made in the scope of the project after starting of a project. it can arise when the scope of the project is not defined clearly that result in harmful
Therefore as per the situation, the project sponsor reached you with a motive whether you compressed another attribute in the project
So this example represent the scope creep
Answer:
$1,244
Explanation:
According to the scenario, the given data are as follows:
Future value (FV) = $1,000
Interest = 7%
So, Payment (PMT) = $1,000 × 7% = $70
Rate of return (rate) = 5%
Time period (Nper) = 18 years
So, by putting the following data in PV formula in excel sheet,
Attachment is attached below.
Present value of Bonds = $1,233.79 or $1,244
To find 20% of the value of the goods,
1,123 x 20% (this is the same as 1,123 x 0.2)
= 224.6
Add the salary and the commission,
425.00 + 224.6
= 649.60
Therefore Jill was paid $649.60 last week