Answer:
The Journal entry at the beginning of the year is as follows:
Estimated revenue A/c Dr. $1,342,500
Estimated other financing sources-Bonds proceeds A/c Dr. $595,000
To Appropriations control $960,000
To Appropriations-Other financing uses-operating transfer outs $532,500
To Budgetary fund Bal. $445,000
(To record entry at the beginning of the year)
Answer: <em>Post-conventional level of moral development</em>
Explanation:
Under this level an individuals sense of morality or moral sense is referred to as or defined in words of abstract values and principles. Individuals now tend to believe that few rule and laws are completely unjust and therefore should be eliminated or changed. This level is further marked by a thorough and growing realization i.e. an individuals is a separate entity from the society and thus that individual may tend to disobey the rules which might be inconsistent with his/her own principles.
Answer:
the bad debt expense is $900
Explanation:
The computation of the bad debt expense is shown below:
bad debt expense is
= Written off amount + estimated uncollectible amount at the year end
= $650 + $250
= $900
We simply added the above two items so that the amount of the bad debts for the first year could come
Hence, the bad debt expense is $900
Answer:
P/E ratio = $14.78
Explanation:
Market value per share = $42
earning per share = $ 2.84
As we know that:
Price earning ratio = market value per share / earning per share
= $42 / 2.84
= $14.78
Price earning ratio is an indicator to investor whether to invest in this company long term or not.
HDI includes life expectancy, education and per capita income indicator, which is a measurement that is used to rank countries, therefore suggesting that when the lifespan of the country is high the country's score of HDI is also high and thus the education level is high and the GDP per capita is also high as well.
