Answer: $19000
Explanation:
From the question, we are informed that Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019 and that for the year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement.
The amount that Vaughn debited to the appropriate account in 2020 to write off actual bad debts will be:
= $31000 - ($190000 - $178000)
= $31000 - $12000
= $19000
<span>on a journey of life discovery, abandoning the way of life that his father would have preferred. Mr Yamada always dreamed that his son would follow in his footsteps and become an expert gardener, but Hiro, to his father's great dismay, had other plans. Little did Mr. Yamada know, his son Hiro's calling was not too different than his father's vision for his son. Hiro's calling and desire to explore all things scientific would eventually lead him to be the greatest agricultural scientist of his time. His discoveries and inventions would allow for, among many other things, the cultivation of the most spectacular cherry tree blossoms ever seen.</span>
Answer:
The total number of different ways in which the winners can be drawn is 720.
Explanation:
P (10,3) = 
= 
= 10(9)(8)
= 720
Answer:
Net income= $33 million
Explanation:
A leveraged buyout is a buyout of an entity by it's own managers/board members mostly through debt financing. Now the expected sales after the buyout is 500 million, we are asked to calculate net income only in the first year. First of all lets see what net income is. Net income is the remaining amount of income after having paid all the expenses which is mostly the residual income available for either distribution to shareholders or transfer to retained earnings.
The formula for net income is as follows:
Net income/profit= Sales revenue - COGS - Administrative expenses- depreciation and amortization - Interest expense - Tax
Let first calculate COGS & other administrative expense, depreciation and interest expenses first.
COGS & ADMIN: 500*0.6=300 m
Depreciation: 500*0.05 =25m
Interest expense for the year: 1500 * 0.08= 120m
Now lets substitute values in the formula mentioned above:
Income before taxes: 500m - 300m - 25m - 120m
Income before taxes: 55m
Income after taxes; 55m - 22m (taxes= 55*40%)
Net income= $33 million
