Answer: $8,069.29
Explanation:
If it is paid at the beginning of the year, it accumulates an extra year of interest and would be an Annuity Due.
If it is paid at the end, it is an ordinary annuity.
Present value of annuity due = Annuity * Present value interest factor of Annuity due, 6.8%, 25 periods
= 10,000 * 12.673521
= $126,735.21
Present value of annuity = Annuity * Present value interest factor of annuity, 6.8%, 25 periods
= 10,000 * 11.866592
= $118,665.92
Difference :
= 126,735.21 - 118,665.92
= $8,069.29
Answer:
1. Calculate the net profit margin and accounts receivable turnover for 2019
Net profit margin = Net income/Net sales
Net profit margin = 36,000/(219000-4000)
Net profit margin = 16.74%
A/R turnover = Sales/Average turnover
A/R turnover = (219000-4000)/((32000+39000)/2)
A/R turnover = 6.06
2. How much does Nash make on each sales dollar?
= 36,000 / (219000-4000)
= 36,000 / 215000
= $0.17
3. How many days does the average receivable take to be paid (assuming all sales arc on account)?
Days Sales Outstanding = Average account receivables*365 / Net credit sales
Days Sales Outstanding = [((32000+39000)/2)*365] / (219000-4000)
Days Sales Outstanding = 12957500/215000
Days Sales Outstanding = 60 days
Answer: True .
Explanation:
In accrual accounting, revenue is entered when it is earned and expenses are entered when they are incurred.
Deferred revenue is money received by a company in advance of having earned it. In other words, deferred revenues are not yet revenues and therefore cannot yet be reported on the income statement.
As a result, the unearned amount must be deferred to the company's balance sheet where it will be reported as a liability.
When your company receives a customer deposit or prepayment on a sale, that payment occurs in advance of the actual sale and is therefore considered unearned revenue. Deferred revenue flows between the balance sheet and the income statement as revenue.
Answer:
Hi
The answers are b) and c)
Explanation:
The letter of complaint is used to file a complaint or a claim about a product or service that has left us unsatisfied or does not correspond to the price as previously agreed. To make this type of letter you need to sort the ideas. This type of correspondence must be clear and concise. It should be clear to avoid useless preambles and explanations at all times and should go directly to the statement of the reason for the claim. Hints and allusions can only lead to confusion, as the recipient has to decipher what is so unclear in the complaint letter.
Answer:
Following are the two reasons for why someone looking at a career in the Energy cluster might want to focus on new technology, such as energy-efficient products or sustainable energy;
- Energy efficient technologies are now found in most energy conversion chains. For example from production of primary energy resources to power generations.
- Technology helps to improve the conversion of energy better. For example the conversion of wasted energy released in the form of heat.
Following are the two examples of careers that may work with these new energy technologies;
- A career in renewable energies which use high end technologies.
- A career in generating energy from natural resources like the solar energy from the sun.
