Answer:
DR BAD DEBTS (EXPENSE) 1958.35
CR ACCOUNTS RECEIVABLE 1958.35
DR ACCRUED INCOME 13 600
CR INCOME TAXES 13 600
I guess the correct answer with this one is File control.
The Firepower Management Center feature that detects and blocks exploits and hack attempts is File control.
C) I think that’s the one that sounds the most correct.
Answer:
The correct answer is the letter b. “The cost of goods sold to be understated.”
Explanation:
In calculating its indirect profit rate, Brady Company no longer included a cost component. By dividing the total cost by the products sold, the cost of each individual product will be underestimated, this will underestimate all the production sold, meaning the costs of the products will appear to be lower than they really are, and your profits will appear to be higher than they really are.
Answer:
The market value of capital would be 11.15 million
Explanation:
Book value of an asset is the value at which the asset and liabilities are currently reflecting in the balance sheet of a firm. The market value is the value at which these assets and liabilities are currently valued as per present market rates. For example : Land value normally appreciates over time and eventhough it is purchased at say $100.000/-, its present value market valuation rate could be $300,000/-. This is the difference between a book value and market value.
In this case, on sale of current assets, a profit of 13 million would be made. Out of this, 9.5 million current liability is paid. Remaining is 3.5 million. Cash received after paying current liabilities is 7.65 million. Hence adding 3.5million+7.65million = 11.15million is the market value of capital which was originally 8.5 million.
Book Value Market Value Difference
Capital 8.5 11.15
Current Liability 9.5 9.5
Current Asset 22 35 13
Paid for CL 9.5
Remaining value 3.5
Cash Recd 7.65
Mkt value of capital 11.15
(3.5+7.65)
