Answer:
$29,648.12
Explanation:
For computing the net cash flow from the sale, first we have to compute the book value and loss or gain on sale which is shown below:
Book value on selling date = Purchase Cost - Accumulated depreciation for two years
= $62,800 × (1 - 0.2 - 0.32)
= $62,800 × 0.48
=$30,144
Now the loss on sale would be
= Book value - sale price
= $30,144 - $29,500
=$644
So, the net cash flow would be
= Sale value of fixed assets + (loss on sale of fixed assets × firm Tax rate)
= $29500 + ($644 × 23%)
= $29,500 + $148.12
= $29,648.12
Answer:
A net worth statement
Explanation:
A net worth statement is a financial report/ document that shows the assets and liabilities - both short and long-term - of an individual or company. The net worth is the result of deducting liabilities from assets.
The net worth statement paints a picture of a person or an entity's current financial position. Assets represent what a person owns, while liabilities are what they owe.
Answer: Hierarchy of Needs
Explanation: The hierarchy of needs theory was proposed by Maslow. As per this theory the best way to motivate any individual is to give them a scope of fulfilling the different needs he or she have. Maslow suggetsed that an individual have five basic needs - physiological, safety, social, esteem and self-actualization.
When the initial need satisfy the employee should be given incentive to fulfill the other.
Answer:
$5,200
Explanation:
Calculation for the bad debt expense to be recorded for the year
Using this formula
Bad debt expense= Ending balance in allowance for doubtful accounts - Unadjusted allowance for doubtful accounts
Let plug in the formula
Bad debt expense= $ 7,000 - $ 1,800
Bad debt expense= $ 5,200
Therefore the amount of bad debt expense to be recorded for the year will beb $ 5,200
