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Mashcka [7]
2 years ago
14

Which of the following would indicate the need to use positive accounts receivable confirmations?A. A large population consistin

g of small balances.B. Good internal control over accounts receivable.C. Most accounts are with large reputable companies.D. A large number of accounts receivable are in dispute.
Business
1 answer:
RUDIKE [14]2 years ago
4 0

Answer:

D.A large number of accounts receivable are in disputeExplanation:

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The total combines customer lifetime values of all of the company’s customers is called - Options
swat32
I'm am pretty sure the answer is b.
8 0
3 years ago
The employees of an information technology company complain that the company has been spending a lot of funds in wasteful activi
Oksanka [162]

Options:

A. Public prosecutor

B. Government Accountant

C. Internal auditor

D. Public accountant

Answer: C. Internal Auditor.

Explanation: An Auditor is a professional whose main responsibility is to evaluate processes or systems in order to determine and expose areas where losses or failures are taking place in order to mitigate or correct these losses and failures. There are two types of Auditors, which includes INTERNAL AUDITOR (An Auditor employed by a firm to continuously audit its processes,accounts or system) and EXTERNAL AUDITOR(An Auditor contracted from external bodies in order to audit a firm).

4 0
3 years ago
Mike and Karen were divorced. Their only marital property was a personal residence with a fair market value of $1.5 million and
Soloha48 [4]

Answer:

Mike's recognized gain from the transfer of the house to him is:

$175,000

Explanation:

a) Data and Calculations:

Marital property = $1,500,000

Cost of property =  $575,000

Residual value =     $925,000

Alimony to Karen = $750,000 ($150,000 * 5)

Balance (Mike's) =  $175,000

$175,000 represents the excess of the fair market value of the marital property after deducting the cost of property and the alimony paid to Karen.  A gain of $175,000 is recognized by Mike after the property sale.

7 0
3 years ago
Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined the following:
Ostrovityanka [42]

Answer:

-1,185,282.35‬

Explanation:

The average daily collections are the average number of payments times the average value of a payment, so:

Average daily collections = =355 * 945

Average daily collections = $335,475

The present value of the lockbox service is the average daily receipts times the number of days the collection is reduced, so:

     PV = (4 day reduction)( $335,475)

     PV = $1,341,900‬

 The daily cost is a perpetuity. The present value of the cost is the daily cost divided by the daily interest rate. So:      

     PV of cost = (.3*355)/.00068

           PV of cost = $106.5/.00068= $156,617.65

     The firm should take the lockbox service. The NPV of the lockbox is the cost plus the present value of the reduction in collection time, so:

     NPV = $156,617.65 - 1,341,900

           NPV = -1,185,282.35‬

3 0
2 years ago
Read 2 more answers
A professional does specialized work that’s primarily a. Degree based B. Medical or legal C. Well paying D. Intellectual and cre
Anestetic [448]

Answer:

The correct answer is actually

Professional: a person who is engaged in a recognized profession such as medicine or law or in a field of learning that is specialized and predominantly intellectual or creative

Just took the test:)

5 0
3 years ago
Read 2 more answers
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