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Marysya12 [62]
3 years ago
13

At the beginning of the year, the balance in Allowance for Doubtful Accounts is a credit of $760. During the year, previously wr

itten off accounts of $120 are reinstated and accounts totaling $740 are written off as uncollectible. The end-of-year balance (before adjustment) in Allowance for Doubtful Accounts should be:(A) $760(B) $120(C) $140(D) $740
Business
1 answer:
Nat2105 [25]3 years ago
3 0

Answer:

(C) $140

Explanation:

The computation of the end year balance before adjustment is shown below:

= Opening balance of allowance for doubtful debts + reinstated previously written off accounts - uncollectible amount

= $760 + $120 - $740

= $140

For computing the end year balance we add the previously written off amount and minus the uncollectible amount to the opening balance of the allowance for doubtful accounts

Hence, option c is correct.

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Identify the three components of retained earnings.
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The beginning period retained earnings, net profit/net loss made during the accounting period, and cash and stock dividends paid during the accounting period. (i may be wrong because there was no picture but i this is right)
5 0
2 years ago
Larry worked as a lab tech and made $51,000 per year. However, he and his wife Lana had always dreamed of opening a bowling alle
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3 years ago
Using a cost-benefit analysis to make ethical decisions about research reflects a(n) _________ perspective.
hram777 [196]

Using a cost-benefit analysis to make ethical decisions about research reflects a(n) Utalitarian perspective.

<h3>What Is Utilitarianism?</h3>

The term  Utilitarianism is known to be a kind of a theory that is based on morality and this is known to be one that tends to advocates for actions that brings about happiness or pleasure and it is one that is against actions that leads to unhappiness or harm.

Hence, if  directed toward creating social, economic, or political decisions, a utilitarian philosophy is said to often aim for the growth of society as one or as a whole.

Hence, Using a cost-benefit analysis to make ethical decisions about research reflects a(n) Utalitarian perspective.

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brainly.com/question/14453548

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5 0
1 year ago
Christopher Corp., a multinational technology firm, is working on an expansion plan to increase its market share. To understand
Svetllana [295]

Answer: External opportunity

Explanation: External opportunities refers to the opportunities that arise from the political , legal and economical factors of the environment in which the organisation operates in. These are called external opportunities as organisation have no control over them.

In the given case, due to some policy changes of the Govt., Christopher corp. gets benefit of potential profits and increased market share in the future.

Thus, we can conclude that it is an external opportunity.

4 0
3 years ago
Storico Co. just paid a dividend of $2.05 per share. The company will increase its dividend by 24 percent next year and then red
VikaD [51]

Answer:

A share of stock sell for <u>$74.21 </u>today.

Explanation:

This can be calculated as follows:

Dividend per share in year 1 = Year 0 dividend * (1 + growth rate of year 1 dividend) = $2.05 * (1 + 24%) = $2.5420

PV of year 1 dividend per share = Year 1 dividend / (1 + rate of return)^1 = $2.5420 * / (1 + 10%)^1 = $2.31090909090909

Dividend per share in year 2 = Year 1 dividend * (1 + growth rate of year 1 dividend) = $2.5420 * (1 + (24% -6%)) = $2.5420 * (1 + 18%) =$3.00

PV of year 2 dividend per share = Year 2 dividend / (1 + rate of return)^2 = $3.00 / (1 + 10%)^2 = $2.47933884297521

Dividend per share in year 3 = Year 2 dividend * (1 + growth rate of year 2 dividend) = $3.00 * (1 + (18% -6%)) = $3.00 * (1 + 12%) =$3.36

PV of year 3 dividend per share = Year 3 dividend / (1 + rate of return)^3 = $3.36 / (1 + 10%)^3 = $2.5244177310293

Dividend per share in year 4 = Year 3 dividend * (1 + growth rate of year 3 dividend) = $3.36 * (1 + (12% -6%)) = $3.36 * (1 + 6%) =$3.5616

PV of year 4 dividend per share = Year 4 dividend / (1 + rate of return)^4 = $3.5616 / (1 + 10%)^4 = $2.43262072262824

Dividend per share in year 5 = Year 4 dividend * (1 + growth rate of year 4 dividend) = $3.5616 * (1 + 6%) = $3.775296

Price at year 4 = Year 5 dividend / (Rate of return – growth rate) = $3.775296 / (10% - 6%) = $94.3824

PV of price at year 4 = Price at year 4 / (1 + rate of return)^4 = $94.3824 / (1 + 10%)^4 = $64.4644491496482

Share price to day = PV of year 1 dividend per share + PV of year 2 dividend per share + PV of year 4 dividend per share + PV of year 4 dividend per share + PV of price at year 4 = $2.31090909090909 + $2.47933884297521 + $2.5244177310293 + $2.43262072262824 + $64.4644491496482 = $74.21

5 0
3 years ago
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