Answer: 11.05 %
Explanation: Required return can be defined as the measure of profitability of business in relation to its different types of securities such as equity, preference and debt.
In this problem we can compute return on equity by using following formula :-
11.05%
Cash may not include <u>accounts receivable</u>. The Option C is correct.
<h2>What is
Cash?</h2>
Cash means a money in the physical form of currency such as banknotes and coins. In accounting, cash is a current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately.
The amount of the adjustment for uncollectible accounts would be $14,060. The Option D is correct.
<h2>What is an
uncollectible accounts?</h2>
An accounts uncollectible refers to those receivables, loans or other debts that have virtually no chance of being paid. An account may be called an uncollectible for many reasons such as debtor's bankruptcy, an inability to find the debtor, fraud on the part of the debtor or lack of proper documentation to prove that debt exists.
The adjustment for uncollectible accounts is computed as follows:
= (Accounts receivable * Rate of uncollectible accounts) - Allowance for uncollectible accounts
= ($246,000 x 6%) − $700
= $14,760 - $700
= $14,060
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This question is incomplete and I've read and answered the complete question and its ask to determine Mandy's gain or loss if she later sells the stock for $2.3 million.
In definition, a fair market value is the selling price of the item of which buyer and seller can agree, with that, if Mandy sold it for 2.3 million, the possible profit of it would be $100,000
Answer:
Oligopoly is the market where there are only less number of producers and sellers.It is difficult to enter in this.
Perfect competition there are large number of buyers and sellers ,entry is free.
Monopoly there will be only one seller,there is no substitute products.
Monopolistic competition there will be large number of producers and they sell different types of products.
