Answer:
Explanation:
The computation of the bad debt expense is shown below:
= (Credit sales × estimated percentage given ) - (credit balance of Allowance for Uncollectible Accounts)
= ($985,750 × 2%) - ($18,000)
= $19,715 - $18,000
= $1,715
= (Credit sales × estimated percentage given ) + (debit balance of Allowance for Uncollectible Accounts)
= ($985,750 × 2%) - ($18,000)
= $19,715 + $18,000
= $37,715
Since in the question it does not specify that Uncollectible Accounts has debit or credit balance so we computed in the both methods
Answer:
$58.70
Explanation:
The computation of the current share price is shown below:
But before that we need to find out the value after year 4 which is shown below:
Value after year 4 is
= (D4 × Growth rate) ÷ (Required return - Growth rate)
= (2.75 × 1.05) ÷ (0.1075 - 0.05)
= $50.2173913
Now current share price is
= Future dividends × Present value of discounting factor(10.75%,time period)
= $13 ÷ 1.1075 + $9 ÷ 1.1075^2 + $6 ÷ 1.1075^3 + $2.75 ÷ 1.1075^4 + $50.2173913 ÷ 1.1075^4
= $58.70
The APR that the monthly payments is being calculated on today will be 10.5%.
<h3>How to calculate the APR?</h3>
It should be noted that the annual percentage rate(APR) will be calculated as:
= Index + Margin
Based on the information given, the APR will be:
Index = 4.5 - 4.0 = 0.5
APR will be:
= (0.5 + 6) + 4
= 6.5 + 4.
= 10.5%
Learn more about APR on:
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Answer:
A. the world experienced little to no growth until the industrial revolution, after which all of the world's economies began to experience real economic growth.
Explanation:
As we know it was the industrial revolution which provided the economic growth to the economy, as before that people believed majorly on barter system and there was no record of profit on such.
The individual earnings and growth came because of industrial revolution which provided jobs to huge number of people in an economy.
Since the people started earning by their own whether through jobs or their own businesses, there was a great urge to work and earn in all those who were not willing to earn.
This basically helped the economy to see the growth of individuals.
<em>Answer:</em>
<em>a period cost.
</em>
<em>Explanation:</em>
<em>Rent on the administrative office space is a period cost.
</em>
<em>Period costs are non-manufacturing costs and are expensed in the period in which they are incurred.
</em>
<em>Rent on the administrative office space is a selling and administrative cost and thus a period cost.</em>
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