Answer:
$100,000
Explanation:
Allowance as at December 31, Year 2 $100,000
This will be recorded as it is expense for the year 2
Bad Debt Expense Dr.$100,000
Account Receivable Cr.$100,000
Answer:
b) $5,000
Explanation:
Provided that
Market price to sell the land this year = $80,000
The price of the land next year = $78,000
Renting it out will cost per year = $7,000
So, the economic depreciation would be
= Market price to sell the land this year - The price of the land next year
= $80,000 - $78,000
= $2,000
And, the total return would be
= Renting it out will cost per year - economic depreciation
= $7,000 - $2,000
= $5,000
Answer:
1: 3: 6
Explanation:
Given that
Ballet shoes sales units = 15,000
Tap shoes sales units = 30,000
Jazz shoes = 5,000
By the above information, the ratio would be
Jazz shoes: Ballet shoes: Tap shoes
5,000 : 15,000 : 30,000
1: 3: 6
Simply we take simultaneously so that the ratio can easily find out
Hence, the ratio is 1:3:6 of jazz shoes to ballet and tap shoes
Answer:
15%
Explanation:
The computation of the internal rate of return is shown below:
Given that
Year Cash Flow
0 -$27,100
1 $11,100
2 $14,100
3 $10,100
The formula to compute IRR is
= IRR()
After applying the above formula, the internal rate of return is 15%
Pam buys a new 40-inch television at Walmart
