Which of the following lists correctly identifies a few of the basic elements all market economies share?

Carol thomas will pay out $6000 at the end of year two and $8000 at the end of year three. then carol will recieve $10,000 at th

insens350 [35]

Solution:

PV = FV x $PV_{if}$ (App. B: 10%, 2 periods)

= $6,000 x 0.826 - $4,956

PV = FV x $PV_{if}$ (App. B: 10%, 3 periods)

= $8,000 x 0.751 = $6,008

PV = FV x $PV_{if}$ (App. B: 10%, 4 periods)

= $10,000 x 0.683 = $6,830

Net Value of Payments = ($4,956) + ($6,008) + $6,830 = ($4,134)

5 0

4 years ago

At the beginning of the current period, Metlock, Inc. had balances in Accounts Receivable of $211,200 and in Allowance for Doubt

UNO [17]

Explanation:

The Journal entry is shown below:-

a. Accounts Receivable Dr, $804,300

Sales $804,300

(To record credit sales)

Cash Dr, $839,040

Accounts Receivable $839,040

(To record the collection during the period)

b. Allowance for Doubtful Accounts Dr, $7,902

Accounts Receivable $7,902

(To record the uncollectible accounts are written off)

c. Accounts Receivable Dr, $3,002

Allowance for Doubtful Accounts $3,002

(To record written off amount)

Cash Dr, $3,002

Accounts Receivable $3,002

(To record collection amount)

d. Bad Debts Expense Dr, $18,170

Allowance for Doubtful Accounts $18,170

(To record bad debt expenses recorded)

Working Note

Allowance for Doubtful Accounts

Beginning balance $9,490

Written off $7,902

Recovery $3,002

Ending balance 22,760

Bad debts = $7,902 - $9,490 - $3,002 + $22,760

= $18,170

7 0

3 years ago

John has just won the state lottery and has three award options from which to choose. He can elect to receive a lump sum payment

12345 [234]

Answer:

John should opt for the 30 annual end-of-the-year payments of $4 million as that gives the highest present of value of $49,636,164.73 as shown below.

Explanation:

The options are evaluated as follows:

Option 1 $46,000,0000 today

Option 2

The present of value of this option is calculated using the below formula:

Present value of annuity = ((1-(1/((1+i)^n))/i) X PMT

where i=rate=7%

n=10years

PMT=$7m

PV=((1-(1/((1+0.07)^10))/0.07) X 7000000

PV=$ 43,834,929.21

Option 3

The present value of this option using the formula in option 2 is:

PV=((1-(1/((1+0.07)^30))/0.07) X 4000000

PV=$49,636,164.73

Hence, the last option is preferable.

7 0

3 years ago

Briefly explain 3 ways in which multinational corporations are developed

NemiM [27]

<h2>Hiii</h2><h2>HERE'S YOUR ANSWER</h2>

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Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions MNCs set up production units in the following ways :

(a) Jointly with some local companies of the existing country.

(b) Buy the local companies and then expand its production with the help of modern technology.

(c) They place orders for small producers and sell these products under their own brand name to the customers worldwide.

<h2>HOPE IT HELPS YOU OUT PLEASE MARK IT AS BRAINLIEST AND FOLLOW ME PROMISE YOU TO FOLLOW BACK ON BRAINLY.IN </h2>

4 0

3 years ago

The adjusted trial balance of Parsons Company at December 31, 2020, includes the following accounts: Common Stock $15,600, Divid

g100num [7]

Answer:

$12,200

Explanation:

Preparation of an income statement for the year.

PARSONS COMPANY Income Statement

For the year ended December 31,2020

Service Revenue $37,000

Expenses:

Salaries and wages $16,000

Insurance Expense $2,000

Rent Expense $4,000

Supplies Expense $1,500

Depreciation Expense $1,300

Total Expenses $24,800

Net Income $12,200

($37,000-$24,800)

Therefore income statement for the year is $12,200

8 0

3 years ago