Answer:
a. Would the accounts receivable account appear in the assets, liabilities, or stockholders' equity section of the December 31, Year 1, balance sheet?
The accounts receivable account would appear in the assets section, and more specifically, in the current assets section. This is because accounts receivable are considered to be an assset.
b. Determine the balance of the accounts receivable account that would appear on the December 31, Year 1, balance sheet.
The Containeres Inc. first earned $25,000 on account, and by the end of the year, it had collected $22,000, thus, the final balance of the accounts receivable is $3,000.
c. Determine the amount of net income that would appear in the Year 1 income statement.
Net Income = Revenue - Expenses
Net Income = $25,00 - $18,000
= $7,000
Answer:
Annual depreciation= $16,020
Explanation:
Giving the following information:
Purchase price= $174,500
Salvage value= $14,300
Useful life= 10 years
T<u>o calculate the depreciable base, we need to use the following formula:</u>
<u></u>
Depreciable base= purchase price - salvage value
Depreciable base= 174,500 - 14,300
Depreciable base= $160,200
N<u>ow, we can determine the annual depreciation:</u>
Annual depreciation= depreciable base /estimated life (years)
Annual depreciation= 160,200 / 10
Annual depreciation= $16,020
Answer:
Required rate of return is 6.97%
Explanation:
The required rate of return can be ascertained from the price formula below when the subject of the formula is changed to rate of return instead of stock price:
Stock price =dividend/required rate of return
stock price is $80.40
required rate of return is unknown
the dividend on the preferred stock is $5.60
required rate of return=dividend/stock price
required rate of return =$5.60/$80.40=6.97%
The required rate of return based on the stock price and dividend information provided is 6.97%
Answer:
The correct answer is the option D: Total project costs are the lowest.
Explanation:
To begin with, when it comes to the business field and the management area, the "project duration" refers basically to the characteristic that the project management has regarding the duration of it, very commonly expressed in terms of working units like hours, days, weeks, months or years for example. Moreover, there are three major types of project duration that are: "Estimated Project Duration", "Actual Project Duration" and "Remaining Project Duration". And to end up, the point where the duration of the project is opmital is when the total project costs are the lowest of all.
Twenty percent of all businesses in the United States are corporations and they account for 80% of the total business dollars generated.
Explanation:
Small businesses account for more than 99% of America's 28.7 million corporations. The vast majority (88%) of employers are under 20, and nearly 40% of all businesses have less than 100 000 dollars of income. 20% of SMEs are contractor firms and 80% are non-employer businesses.
In reaction to concerns from their economic confidence to obstacles to their ownership, more than 2000 existing and potential companies across the country have responded.
The business environment is always evolving in the United States. The changing business environment is driven by new technologies, developments, and policies.
