Answer:
c. financial position of a business at a particular point in time
Explanation:
A balance sheet is a financial statement that shows the financial position of a business at a particular point in time. It lists the assets, liabilities, and owner's equity.
I hope my answer helps you
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Answer:</h2><h3>The purpose of inspection reports is to document the inspection scope, observation, and findings</h3><h3>of inspections conducted by the NRC. </h3>
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Explanation:</h2><h3>The NRC performs inspections to oversee the commercial nuclear industry to determine </h3><h3>whether its requirements are being met by licensees and their contractors.</h3>
Answer: Bad Debt Expense 28,000 Allowance for Doubtful Accounts 28,000
Explanation:
Account receivable = 300,000
Percentage uncollectible = 10%
Current balance = 2000
Adjustment to allowance for uncollectible accounts is given by :
(Account receivable ×percentage uncollectible) - current balance
(300,000 × 10%) - 2000
(300,000 × 0.1) × 2000
30,000 - 2000 = 28,000
Therefore, adjustment should be :
bad debt expense debit 28,000
allowance for doubful account credit 28,000
Answer:
$1,838.45
Explanation:
equivalent annual annuity (EAA) = (r x NPV) / [1 - (1 + r)⁻ⁿ]
first we must calculate the proejct's NPV using a financial calculator:
initial outlay -$15,000
payment = $5,000
nper = 4
r = 0.101
NPV = $5,815.08
EAA = (0.101 x $5,815.08) / [1 - (1 + 0.101)⁻⁴] = $587.32 / 0.31946 = $1,838.45
Answer:
Explanation:
Beginning capital balance(Sam) $58000
+ Currnt year income ( $40000 / 2 = $20000) $20000
[Devide by 2 because they share income]
- Sam's withdrawal ($15000)
Sam's capital balance = 58000+20000-15000 = $63000