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elena55 [62]
3 years ago
15

The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations.

Business
1 answer:
guajiro [1.7K]3 years ago
6 0

Answer:

Net account receivable

2021 $8,085

2022 $5,335

Explanation:

Calculation for the net account receivable

2021 2022

Total account receivable 14,700 9,700

(33,200-18,500=14,700)

(48,200-38,500=9,700)

Less: Allowance for doubtful accounts (6,615) (4,365)

(45%*14,700=6,615)

(45%*9,700=4,365)

Net account receivable 8,085 5,335

(14,700-6,615=8,085)

(9,700-4,365=5,335)

Therefore Net account receivable will be :

2021 $8,085

2022 $5,335

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Devin is a landscaper who needs to prepare different types of grass seed for his customers' yards. Bluegrass seed costs $2.00 pe
IgorLugansk [536]

Answer:

7 pounds

Explanation:

To solve this we need to use simultaneous algebraic equations.

Assume

x  = 1 pound of bluegrass seed

y = 1 pound of drought resistant seed

Our first equation considers the number of pounds

x + y = 25

y = 25 - x

For the combined bluegrass seeds and thought resistant seeds bought

For the second equation we consider the price

2x + 3y = 68

Substitute value of y in equation 2

2x + 3(25 - x) = 68

2x + 75 - 3x = 68

x= 7

So the amount of bluegrass seed is 7

We can also get the amount of drought resistant seed from equation

7 + y = 25

y = 18

3 0
3 years ago
Jaronda founded Diamond Communications Inc. in 1993. Ten years later, the company went public. Despite Jaronda's death in 2005,
Solnce55 [7]

Answer: C. separation of legal ownership and management control

Explanation: Public traded company can go on with their operation undisturbed when the founder dies, because there is separation of ownership from management of the company.

Public traded companies usually have a board which management report to, the board is the highest decision making body in the company.

7 0
3 years ago
Coca-Cola, Inc. and PepsiCo, Inc. have only one distributor each in the Phoenix area. The Phoenix market is an intensely competi
yaroslaw [1]

Answer:

B. The denial is justifiable given the level of interbrand competition.

Explanation:

Anti trust law only applicable if you can proof that two or more producers in the same industry work together in order to assert their control over the market. They can do this through price fixing, controlling the amount of supply, etc.

This condition<em> can't be found</em> in the scenario above.

The denial that done by PepsiCo is justifiable because in a really competitive market, a company need to impose a strict requirement on which entities they should form a dealership relation with. If PepsiCo choose the wrong dealers, Its competitors could easily taken over the market and resulted in a huge amount of loss for the company.

7 0
3 years ago
As a financial analyst, you are tasked with evaluating a capital-budgeting project. You were instructed to use the IRR method, a
ozzi

Answer:

Ke 0.08690 = 8.69%

Explanation:

<u>The capital assets price model formula(CAPM) is as follows:</u>

Ke= r_f + \beta (r_m-r_f)  

risk free       = 4% = 4/100 = 0.04

market rate = 11% = 11/100 = 0. 11

premium market: (market rate - risk free) = (0.11-0.04) = 0.07

Beta(non diversifiable risk) 0.67

Ke= 0.04 + 0.67 (0.07)  

Ke 0.08690

5 0
3 years ago
the baldwin Company currently has the following balances on their balance sheetTotal Assets $225,232 Total Liabilities136,748 Re
Tanya [424]

Answer:

see below

Explanation:

Common stock = Assets - Liabilities - Retained earnings

Assets next year = $225,232 + $55,000 = $280,232

Liabilities remain unchanged

Retained earnings = Opening retained earnings + Net income - Dividends

= $36,493 + $44,200 - $12,000

= $68,693

Common stock next year

= $280,232 - $136,748 - $68,693

= $74,791

6 0
2 years ago
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