Exchanging things of value is what consideration is in a contract.
An individual would likely want to work for the department of finance and administration if the individual is interested in this field in which he or she will likely take on the job of managing finances such as budget, finance reports and as well as accounting, in a way that it will help a company or organization to have someone deal with how the money circulates or managed in the company.
Answer: $2
Explanation:
The formula for simple interest = I = prt
I =$ 100 × 0.02 × 1 = $2
At the end of one year, $2 would be made.
Answer:
Explanation:
Before passing the journal entry, we have to find out the bad debt expense amount which is shown below:
Bad debt expense = Account receivable balance × uncollectible percentage + debit uncollectible account balance
= $130,000 × 20% + $2,100
= $26,000 + $2,100
= $28,100
So, the journal entry would be
Bad debts expense A/c Dr $28,100
To Allowance for uncollectible accounts $28,100
(Being uncollectible accounts is adjusted)
Answer:
EBIT is $11.67 million
Explanation:
For computing the EBIT, first we have to calculate the operating cash flow which is shown below:
FCF = Operating cash flow – Investment in operating capital
$8.19 million = Operating cash flow - $2.19 million
So, the Operating cash flow = $10.38 million
Now we apply the operating cash flow which is shown below:
The operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
$10.38 million = EBIT + $0.9 million -2.19 million
$10.38 million = EBIT - $1.29 million
So, EBIT is $11.67 million
