True I think I am not 100% sure
Answer: $420,000 of expense in the income statement as an ordinary item. Douglas’ accounts for this change in estimate in the period of change by reporting the newly calculated amount of bad debt expense as an ordinary item of income. Changes in estimate are not considered an extraordinary item, an error correction, or a change in accounting principle.
I guess the correct answer is New market entrants
A manufacturer of deep-sea oil rigs may be least concerned about new market entrants.
Answer:
The correct option is the last one,6.8 years
Explanation:
The payback period is the length of time it takes for an investor to realize the initial investment in a project,in simple terms, it is the time horizon wherein the project pays back the capital investment locked in it.
After the payback period,the project begins with return on investment phase,a phase where cash flows received are excess over and above the initial capital outlay.
Payback=initial investment/annual cash inflow
initial investment is $560,000
annual net cash flow is $82,000
payback period=$560,000/$82,000=6.8 years
Answer:
Sarine is most likely making the decision to continue with these dolls due to Self-justification and self-enhancement.
Explanation:
Generally, the law of prospects theory is applied here. According to this law people are attracted towards attaining maximum utility rather than to look for absolute outcome. The self-justification is a significant problem here which arises when people who are responsible for making the decision are strongly tied with a project. Similarly, to avoid the problem off self-justification and self-enhancement, the best practice is to appoint different people to make the decision and to evaluate them, which ensures transparency and long-term stability which is lacking in this case.
