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likoan [24]
3 years ago
14

As part of the initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a so

le proprietorship. Of this amount, $1,367 is deemed completely worthless. For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $848. gThe amount debited to Accounts Receivable for the new partnership is a.$31,442 b.$32,290 c.$30,923 d.$30,075
Business
1 answer:
yuradex [85]3 years ago
3 0

Answer: $30,923

Explanation:

From the question, we are told that as part of an initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a sole proprietorship. Out of the amount, $1,367 is deemed completely worthless and for the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $848.

The amount debited to accounts Receivable for the new partnership will be the difference between the account receivable balance and the amount that was deemed worthless. This will be:

= $32,290 - $1,367

= $30,923

Therefore, the amount debited to Accounts Receivable for the new partnership will be $30,923

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When quantity demanded exceeds quantity supplied at the current market price, the market has a shortage, and market price will l
Alik [6]
True.

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8 0
2 years ago
Nelson Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an ann
Irina18 [472]

Answer:

the accounting rate of return is 18.75%

Explanation:

The computation of the accounting rate of return is as follows:

But before that following things need to be determined

Depreciation expense is

= ($540,000 - $195,000 )÷ (5 years)

= $69000

The Net income is

=  $170,250 - $69,000

= $101,250

Now the accounting rate of return is

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= $101,250 ÷ $540,000

= 18.75%

hence, the accounting rate of return is 18.75%

3 0
3 years ago
The present value of $1,000 to be received in 5 years is ________ if the discount rate is 12.78%. Group of answer choices $687 $
saul85 [17]

Answer:

$548

Explanation:

Calculation for the present value

Using this formula

= P / ( 1 + r ) ^ t

Where,

P represent Principal=1,000

r represent rate=12.78%

t represent Time= 5 years

Let plug in the formula

P=$1,000/(1+0.1278)^5

P=$1,000/(1.1278)^5

P=$1,000/1.825

P=$548

Therefore the present value of $1,000 to be received in 5 years is $548 if the discount rate is 12.78%.

5 0
3 years ago
________ feasibility refers to projecting whether the system will operate and be used once it is installed.
ivann1987 [24]
The answer is Technical
I hope that helped
7 0
3 years ago
Boats R Us requires $800,000 in financing over the next 2 years. The firm can borrow the funds for 2 years at 12% interest per y
a_sh-v [17]

Answer: Short term is less costly

Explanation:

Total interest cost under long term financing = 800,000 × 12% × 2

= 800000 × 0.12 × 2

= $192,000

Total interest cost under short term financing = (800,000 × 7% ×1)+ (800,000 × 13.95% × 1) =

= (800000×0.07×1) + (800,000×0.139×1)

= $167,600

Based on the above solution, Short term financing is less costly.

4 0
2 years ago
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