3 years ago

Which of the following is not an example of a nationwide effort to reform the tort system

Business

1 answer:

lawyer [7]3 years ago

7 0

I think it should be C) Caps on damages

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Pine Company provides for doubtful accounts expense at the rate of 2% of credit sales. The following data are available for 20X4

aev [14]

Answer:

the allowance for doubtful account balance is $28,000

Explanation:

The computation of the allowance for doubtful account balance is given below:

Allowance for Doubtful Doubts Balance

= Beg Balance + Bad Debt Expense - Accounts written off

= $18,000 + (2% of $1,500,000) - $20,000

= $18,000 + $30,000 - $20,000

= $28,000

hence, the allowance for doubtful account balance is $28,000

7 0

3 years ago

All of the following are general-purpose financial statements except a.income statement b.cash budget c.statement of stockholder

sveta [45]

Answer:

The correct answer is letter "B": cash budget.

Explanation:

General-purpose financial statements are those reports that can be issued during a period to provide investors and managers relevant information to make decisions on the company's operations. Those reports are the balance sheet, income statement, owner's equity statement, retained earnings, and the cash flow statement.

As its name says, the cash budget is an estimate of the inflows and outflows of a company for a given period. This budget is not a financial statement.

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3 years ago

The management of Metro Printers is considering a proposal to replace some existing equip- ment with a new highly efficient lase

Veseljchak [2.6K]

Answer:

Net present value of proposal $168,166

Explanation:

Check attachment

3 0

3 years ago

The alcoholic beverages in a private club are

kumpel [21]

The alcoholic beverages in a private club are usually alcoholic.

6 0

4 years ago

ABC and XYZ are identical firms in all respects except for their capital structures. ABC is all-equity financed with $530,000 in

Lesechka [4]

Answer:

The cost of equity for ABC is 11.74 percent and for XYZ it is 14.47 percent.

Explanation:

a. For ABC

ABC cost of equity = Earning before interest and tax (EBIT) / Equity = $62,222 / $530,000 = 0.1174, or 11.74%

b. For XYZ

Perpetual debt = $530,000 - $310,000 = $220,000

Interest on debt = $220,000 * 7.9% = $17,380

Earning after interest = $62,222 - $17,380 = $44,842

XYZ cost of equity = $44,842 / $310,000 = 0.1447, or 14.47%

4 0

3 years ago