Answer: c. $18,000
Explanation:
Provision for doubtful accounts estimate;
= 600,000 * 3%
= $18,000
This is the Percentage of sales method and it ignores the existing balance in the Provision for doubtful accounts using only the estimate provided.
A business usually becomes listed in the Fortune 500 during its SUCCESSFUL stage.
Fortune 500 refers to the yearly list of the best and the biggest 500 companies that are doing very well in the US market world as judged by the Fortune Magazine. These companies usually have huge asset balance, which is still growing in size. The major criteria used to choose the qualified companies is the size of their revenues.
Answer:
Project L is the better project as it has higher NPV and its IRR is 12.70%
Explanation:
- NPV of Project S as followed:
-1,000 + 895.03/(1+10.5%) + 250/(1+10.5%)^2 + 10/(1+10.5%)^3 + 5/(1+10.5%)^4 = $25.5
- NPV of Project L as followed:
-1,000 + 5/(1+10.5%) + 260/(1+10.5%)^2 + 420/(1+10.5%)^3 + 802.5/(1+10.5%)^4 = $67.
<u>=> Project L is the better Project as it has higher NPV.</u>
The IRR is the discount rate that puts the net present value of project's cash flows to 0 (zero).
- IRR of Project L as followed:
-1,000 + 5/(1+IRR) + 260/(1+IRR)^2 + 420/(1+IRR)^3 + 802.5/(1+IRR)^4 = 0 <=> IRR = 12.70%
Answer:
He would register merely by affixing the appropriate symbol at the bottom of the photograph followed by first date of publication and his name.
Explanation:
Wedding Photos. Bobby took a number of wedding photos at Jill's wedding. He was paid as the photographer. On all of the photographs, he appropriately noted in the bottom right corner the necessary information showing that he was claiming copyright protection. Jill came to see Bobby three years after the initial photographs were taken and requested that he grant her permission to make as many copies as she wanted at the local photoshop from the pictures that she initially purchased. Photoshop had refused to reproduce the photographs without his permission. When he refused to give her permission to do so, Jill started a heated argument. She told Bobby that photographs are not entitled to copyright protection. She also told him that even if he was correct that there was some copyright protection, she was engaged in fair use, and in any event, damages for copyright infringement are unavailable. If Bobby decides to register the photographs under copyright law, He would register merely by affixing the appropriate symbol at the bottom of the photograph followed by the first date of publication and his name.
When the proportion of the total assets to equities ratio increases, it is an indication that the company is less dependent on the debts of creditors.
<h3>What is assets to equity ratio?</h3>
The assets to equity ratio represents the number of assets earned by an organization with the use of debt resources. If such ratio increases, the use of debts is lowered by the company.
An increase in the assets to equity ratio also indicates that the company is operating at very low risks of losing money, acquired through debt mode.
Hence, option B holds true regarding the assets to equity ratio.
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