Answer:
C. replace high-interest credit cards with low-interest options.
Explanation:
A credit card provides a secure and convenient way to pay for goods and services even when they do not have money. The credit card gives the user access to instant credit every time they use it. The user does not incur any charges should they pay the amount due before its due date.
Credit card interest rate charges are among the highest in the industry. If the user is late in their payment, the interest fee and other charges accumulate real quick. Shifting to cards with lower interest is one way of managing credit card debts.
Answer:
7.98%
Explanation:
The Rate of Return (ROR) is the gain or loss of an investment over a period of time compared to the initial cost
Starting year 2, Annual O&M cost in year N = Annual O&M cost in year (N - 1) + $750
Annual net benefit = Annual revenue - Annual O&M cost
In year 10, Annual revenue ($) = 72,000 + 35,000 salvage value = 107,000
Rate of Return (ROR) of Annual net benefit is computed using Excel11 IRR function as follows.
Year (N) Revenue ($) Cost ($) NAB ($)
0 4,50,000 -4,50,000
1 72,000 4,500 67,500
2 72,000 5,250 66,750
3 72,000 6,000 66,000
4 72,000 6,750 65,250
5 72,000 7,500 64,500
6 72,000 8,250 63,750
7 72,000 9,000 63,000
8 72,000 9,750 62,250
9 72,000 10,500 61,500
10 1,07,000 11,250 95,750
ROR of NAB = 7.98%
Answer:
9.4%
Explanation:
Kps = Dps/Pps x Dps = $100 x 8% = $8, Kps = 8/85 = 9.4%
Answer:
The effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.
Explanation:
Credit sales estimated to be uncollectable = Credit sales * Estimated percentage uncollectable = $215,000 * 1% = $2,150
Ending account receivable = Beginning accounts receivable + Credit sales - Cash collected - Receivales written off as uncollectable - Credit sales estimated to be uncollectable = $76,000 + $215,000 - $271,100 - $2,100 - $2,150 = $15,560
Ending Allowance for Doubtful Accounts = Beginning Allowance for Doubtful Accounts - Allowance for Doubtful Accounts - Receivales written off as uncollectable = $4,000 - $2,100 = $1,900
Therefore, the effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.
Answer:
C. Ask for feedback only when you are open to hearing it.
Explanation:
Feedback refers to providing the information gathered after evaluating any specific action or event. Providing authentic feed-backs helps in promoting and improving the better quality of the original topic. It is more personalized and user-oriented. There are various ways by which authentic feed-backs can be given. Through messaging, writing, discussing over calls, and conversations over video calls helps in providing authentic feedback. Asking for feedback should be initiated by the person only when the person is willing to listen and acquire those feed-backs is an effective approach for encouraging authentic feedback.
