Answer:
- Dr Bad Debt expense 6,000
- Cr Allowance for Doubtful Accounts account 6,000
Explanation:
The total estimated bad debts are $4,800 (= $80,000 x 6%). So the Allowance for Doubtful Accounts account ending balance should be $4,800. Since this account is a contra asset account, the ending balance should be $4,800 credited.
But currently the account has a $1,200 debit balance (it's like -$1,200), so the adjustment record must be = $4,800 + $1,200 = $6,000
That way the ending balance = $6,000 - $1,200 = $4,800
The journal entries should be:
- Dr Bad Debt expense 6,000
- Cr Allowance for Doubtful Accounts account 6,000
Answer:
$230,400
Explanation:
The computation of the ending retained earning balance is shown below:
The ending balance of retained earning = Opening balance of retained earnings + net income - net loss - cash dividend paid
= $294000 - $27,600 - $36,000
= $230,400
We simply deduct the net income and the dividend from the beginning balance of retained earning so that the correct balance could come.
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Terminal EV = EV/EBITDA X EBITDA value of final year of forecast.
<h3>What is EBITDA?</h3>
EV stands for Enterprise Value and is the numerator in the EV/EBITDA ratio. A firm’s EV is equal to its equity value plus its debt less any cash debt less cash is referred to as net debt. In finance, the terminal value of a security is the present value at a future point in time of all future cash flows when we expect stable growth rate forever. The perpetual growth method of calculating a terminal value formula is the preferred method among academics as it has a mathematical theory behind it. This method assumes the business will continue to generate Free Cash Flow (FCF) at a normalized state forever. The exit multiple approach is more common among industry professionals, as they prefer to compare the value of something they can observe in the market.
The correct answer is option A.
Learn more about EBITDA, refer:
brainly.com/question/18370421
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Answer:
Affirmative action
Explanation:
Affirmative action refers to a positive discrimination whereby policies are made to favour groups or individuals that are known to have been previously discriminated against. It involves trying to correct the wrongs or effects of previous discriminations. So in this case when measures are taken in hiring, recruiting employing and educational remedy to past and present discrimination against members of specific groups, it is referred to as Affirmative Actions. It is aimed at improving employment and educational opportunities for individuals belonging to minority groups and oppressed individuals/groups.
