Answer:
Clorox Company
multiple-step income statement.
Net sales $5,450
Less Cost of goods sold ($3,104)
Gross Profit $2346
Less Operating Expenses :
Selling and administrative expenses $ 715
Research and development expense $ 114
Advertising expense $499 ($1,328)
Operating Income $1018
Less Non Operating Expenses :
Income tax expense $276
Interest expense $161
Other expense $46 ($483)
Net income $535
Explanation:
The multiple-step income statement shows separately the income derived from primary activities (operating income) and secondary activities (net income)
The answer to this question is database management software
This type of software is usually designed to retrieve data, manage it, process it, and present it in a way to make materials duty become a lot esier.
This software will definitely increase the overall productivity in the workplace with lower cost in the long run.
Answer: $18984.9
Explanation:
Your question isn't complete as you didn't give the interest rate. Let's assume that the interest rate is 12%.
Therefore, the present value will be:
= 3000 + 3000[1 - (1 + 0.12)^-10+1] / 0.12
= 3000 + (3000 × 5.3283)
= 3000 + 15984.9
= 18984.9
Therefore, the present value is $18984.9
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: (D) Privatization
Explanation:
The privatization is one of the transferring process in which the various types management, industries and the enterprise are get transfer from the public to the private sectors.
In which the public sector is basically refers to the economical system that is executed by the various types of government agency.
The privatization process is basically help in increasing the growth and the economical efficiency in the system.
Therefore, Option (D) is correct.
