39. Dan is working with a private employment agency to find a job. He signs an agreement to pay $350 to the

A project has cash flows of -$119,000, $52,800, $60,200, and $33,100 for years 0 to 3, respectively. The required rate of return

Olegator [25]

Answer:

-$306.15 and rejected

Explanation:

Year Cash flows Discount factor Present value

at 12%

0 $-119,000 1 $-119,000 (A)

1 $52,800 0.8928571429 $47142.86

2 $60,200 0.7971938776 $47,991.07

3 $33,100 0.7117802478 $23559.93

Sum $118,693.85 (B)

Net present value -$306.15 (A - B)

4 0

4 years ago

Using personal computers in auditing may affect the methods used to review the work of staff assistants because

qaws [65]

Answer:

Audit documentation may not contain readily observable details of calculations.

Explanation:

This is because unlike paper based working documentation which tend to details each of the cost or expenses and profits made, utilizing personal computers in auditing may influence the techniques used to review the work of staff assistants because oftentimes using audit documentation may not comprise readily noticeable elements of calculations.

Hence, in this case, the correct answer is: Audit documentation may not contain readily observable details of calculations.

8 0

4 years ago

Michael worked for a textile manufacturer during the first half of the 20th century. When the supply of his company's textiles e

Alexandra [31]

Answer:

sales

Explanation:

Based on the scenario being described within the question it can be said that Michael has most likely adopted the sales orientation. This term refers to a business approach that focuses on mainly persuading individual customers to purchase the company's product as opposed to understanding the customer's needs or marketing to a larger audience.

5 0

3 years ago

Bramble Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $59

shusha [124]

Answer and Explanation

Given:

Accounts receivable balance = $598,000

Percentage of receivables that are uncollectible = 5% or 0.05

Uncollectible receivables = 0.05 × 598,000 = $29,900

Adjusting journal entry to record bad debt expense is:

Particulars Debit Credit

Bad debts expense XXXXX

Allowance for doubtful debts XXXXX

(Being bad debts incurred)

Noe, Allowance for doubtful debts has a credit balance of $4,800.

Bad debt incurred = 29,900 - 4,800 = $25,100

So adjusting entry :

Particulars Debit Credit

Bad debts expense $25,100

Allowance for doubtful debts $25,100

(Being bad debts incurred)

7 0

4 years ago

Describe a decision that you or your company made that involved opportunity costs that should have been considered. Why did your

Kaylis [27]

Answer:

Explanation:

My E-Commerce business has two main decision-makers. As a team, we had a budget of $1000 USD which we decided to use on marketing. We ultimately decided on placing banner ads on 2 popular sites that matched our products. Doing this we missed out on other opportunity costs such as adding another product line and marketing sample products to popular influencers. Both of which should have been considered because they could have just as easily brought as many or even more customers than having placed the ads.

4 0

3 years ago