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3 years ago

The firm's findings are best described as the

Business

1 answer:

lina2011 [118]3 years ago

6 0

Answer:digital divide.

Explanation:

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Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $161,000 Credit sale

laila [671]

Answer:

$4,140

Explanation:

Given the above information, we will compute the bad debt expense as;

Bad debt expense

= (Cash sales × 4% of accounts receivables) - Credit balance in allowance for doubtful accounts

= ($161,000 × 4%) - Credit balance in allowance for doubtful accounts

= $6,440 - $2,300

= $4,140

Therefore, the bad debt expense is $4,140

8 0

2 years ago

Metlock Company has identified that the cost of a new computer will be $44000, but with the use of the new computer, net income

arlik [135]

Answer:

Explanation:

Cash payback period calculates how long it takes to recover the amount invested in a project from its cumulative cash flows.

Cash payback period = amount invested / cash flows

Cash flows = net income + depreciation = $5000 + $3000 = $8000

$44,000 / $8,000 = 5.5 years

8 0

2 years ago

FCCLA's central focus is on the ________.

Lana71 [14]

Answer:

variety of youth concerns

6 0

2 years ago

Knowledge Check 01 On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man

Simora [160]

Answer:

Cash Dr 10975

To Sales $10,000

To Sales Tax Payable $975 ($10,000 × 9.75%)

(Being the cash is recorded)

Explanation:

The journal entry is shown below;

Cash Dr 10975

To Sales $10,000

To Sales Tax Payable $975 ($10,000 × 9.75%)

(Being the cash is recorded)

For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it also increased the revenue and liabilities

4 0

3 years ago

Troy will receive $7,500 at the end of Year 2. At the end of the following two years, he will receive $9,000 and $12,500, respec

Pepsi [2]

Answer:

$33,445.44

Explanation:

The future value of an investment is its worth at a future date if the investment is done at a specific interest rate compounded yearly for certain number of years

It is computed as follows:

FV = PV (1+r)^n

FV = Future Value, PV = present value, r- interest rate, n- number of years

Future value of $7500 after 3 years:

FV = 7500× (1.08)^3 = 9,447.84

Future Value of $9000 after 2 years:

FV = 9000 × (1.08^2) = $10,497.6

Future value of $12,500 after 1 year:

FV = 12500× 1.08 = $13,500

The future value of these cashflows at the end of year 5

= 9,447.8 + 10,497.6 + 13,500

= $33,445.44

7 0

3 years ago

Read 2 more answers