Answer:
e. 71 dollars
Explanation:
Peter was willing to but the wine for $45
In a year, there is an increase of $15 = $45 + $15 = $60
The interest rate of 10% of $60 = $6
Total = $66 ~ $70
Therefore, the amount he is willing to pay for the win if he buys it as investment would be 71 dollars.
Answer: $2420
Explanation:
The following can be deduced from the question:
EBIT = $3,280
Depreciation = $1,850
Cost of goods sold = $6,920
Dividends = $750
Interest expense = $860,
Taxable Income will be calculated as:
= EBIT - Interest Expense
= $3280 - $860
= $ 2420
Answer:
strengths
Explanation:
A SWOT analysis includes strengths, weaknesses, opportunities and threats:
- strengths: analyses what does your company do well and distinguish it from the competition.
- weaknesses: analyses what are your company's weak spots and what does your competition do better than you.
- opportunities: new situations that can favor your company.
- threats: situations that can negatively affect your company.
Answer:
It is observed that the value of test statistics (19.168) is greater than the critical value (13.277), thus the rejected hypothesis, H₀ at α = 0.01.
There is enough evidence to conclude or deduce that sales were the same for all locations
Explanation:
Solution
Given that:
Object: Test whether the sales were the same for all locations by applying 1% significance level.
The Null Hypothesis H₀ : Sales were the same for all locations
E₁ = 70 +75 +70+ 50 + 35/5 = 60
The Alternative Hypothesis Hₐ : Sales were not the same for all locations
Now,
The decision rule:
the Level of Significance be α = 0.01
Degrees of freedom is df= Number of categories -1
=5-1 = 4
Note: Kindly find an attached copy of part of the work solution of this given question
Answer:
A. dr. Bad Debt Expense 3,000 and cr. Allowance for Doubtful accounts 3,000
Explanation:
Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.
Closing Value of the Allowance for Doubtful Accounts will be as follow
Closing Balance = $100,000 x 5% = $5,000
As Allowance for Doubtful Accounts already have credit balance of $2,000, we need to adjust the remainder to make the closing balance of Allowance for Doubtful Accounts $5,000 at the year end.
Adjustment Value = $5,000 - $2,000 = $3,000
