Answer:
The cash collection on September 9 is records by the entry:
Debit Cash $5,300
Credit Accounts Receivable $5,300
Explanation:
Barnes Books allows for possible bad debts. On May 7, the company writes off a customer account. The journal entry:
Debit Allowance for Doubtful Accounts $5,300
Credit Accounts Receivable $5,300
On September 9, the customer unexpectedly pays the $5,300 balance. The journal entries:
1. Debit Accounts Receivable $5,300
Credit Allowance for Doubtful Accounts $5,300
2. Debit Cash $5,300
Credit Accounts Receivable $5,300
Answer:
Option B has a higher present value at time zero is correct
as shown below:
Option A future value at the end of three years = 2000*(1.06)^2+5000*(1.06)^1+5000*(1.06)^0= $12,547
Option B future value at the end of three years = 4000*(1.06)^2+4000*(1.06)^1+4000*(1.06)^0=$12,734
Option B has higher future value as determined above, so first option is wrong.
Option A present value at time zero = 2000/(1.06)^1+5000/(1.06)^2+5000/(1.06)^3= $10,535
Option B present value at time zero = 4000/(1.06)^1+4000/(1.06)^2+4000/(1.06)^3=$10,692
Option B has higher present value as determined above, so second option is correct.
Third option is wrong as Option B is not perpetuity as B has three years life.
Fourth option is wrong as Option A is not ANNUITY as A CASH FLOW amounts is not equal , it varies on annual basis.
The correct answer is when “the government has a role in moderating the basic welfare of all its citizens.”
John Keynes was an economist who supported the concept that government intervention can stabilize an economy. He believed that capitalism works best when the government has a role in moderating the basic welfare of its citizens.
Answer:
The expected price after 3 years is $202584.38
Explanation:
Future Value = Cashflow * (1+i)^n
FV= 175000* (1.05)^3
FV = <u>$202584.38</u>
Answer:
The last one.
We had to ration the food to make it last the whole week.
Explanation:
Look up the meaning of ration and it'll make sense.