Answer:
$48,000
Explanation:
<em>What should Swifty report as its Allowance for Doubtful Accounts at 12/31/20?</em>
<em />
Allowance for Doubtful Accounts 12/31/20 = Accounts receivable at 12/31 * Uncollectible percentage of Accounts receivable
Allowance for Doubtful Accounts 12/31/20 = $960,000 * 5%
Allowance for Doubtful Accounts 12/31/20 = $48,000
Answer:
d. $ 0.16 per board feet
Explanation:
From the data in the question, the tract of land is to be depreciated based on the usage method of depreciation,
The computations are as follows:
Cost of tract of land $ 1,000,000
Less: Estimated salvage value $ ( 200,000)
Depreciable basis for land $ 800,000
Estimated usage from tract of land 5,000,000 board feet
Depreciation per board feet
Depreciation basis/ estimated usage $ 800,000/ 5,000,000 = $ 0.16 per board feet
Answer:
The return on shareholders' equity for 2018 is 22.2%
Explanation:
Return on Equity measures the Return earned by the owners investments in the company.
Return on Equity = Net Income / Total Shareholders Funds × 100
= 200,000 / 900,000 ×100
= 22.2%
Answer:
Explanation:
Grand prize = $15,000
Second prize = $1,500
Number of tickets sold = 12,000
The probability of getting the grand prize ($15,000) is 1/12,000
The probability of getting the second prize ($1,500) is 1/12,000
Each ticket costs $4
Expected value is -4 + 1/12,000 X 15,000 + 1/12,000 X 1,500
= -1.5.
The expected winnings for a ticket buyer is therefore -$1.5
Answer:
The answer is "12.7"
Explanation:
In the question the correct choice is missing so, its correct solution can be defined as follows:
Following are the formula for calculating the "Average Inventory":
Formula:
