Answer:
They collected $88,000
Explanation:
We have an initial balance of accounts receivable of $ 25,000. To this balance, we must add the revenue of the year a total of $ 119,000. By making this sum we get the result of $ 114,000, this would be the total of our accounts receivable totalized.
Subsequently, to this value we subtract the final balance of accounts receivable that was $ 56,000, to obtain a result of $ 88,000. In other words, $ 88,000 would be the amount collected from accounts receivable during the year.
Answer:
Explanation:
When people buy shares in a company, they become stockholders. These shares mean they have an ownership interest in the company and when the company makes a certain amount of profit, it may decide to share some of that profit with its shareholders as Dividends.
Another way is through Capital Gains. Capital gains are the result of the shares increasing in value after the stockholder has bought it. For instance, if you bought a Tesla share in December 2016 it would have cost you $50. Today it would be worth $872. That difference of $822 is the capital gain.
The internal rate of return for this investment is 12%
Option C
Solution:
PV of Cash Outlay = PV of Cash Inflow
109332 = 36000*PVIFA (Rate,4)
PVIFA(rate,4) = 109332/36000
PVIFA(rate,4) = 3.037
The present value factors for an annuity of $1 for 4 years at interest of 12% is 3.037
So IRR = 12%
Answer:
30,500 bonds x $14 per bond = $427,000
Explanation:
Nicols Enterprises must carry the Elliot investment on its balance sheet using the fair market value of the stocks (value given by the stock market).
The reliability principle states that only transactions that can be proven have to be recorded. So how can Nichols prove that Elliott's stock is worth $18, or maybe $1,000 or even $1 million. They can´t prove any of that, that is why they have to use the fair market value.
False, they just care about your money
