Answer:
$35,000
Explanation:
As the Allowance of Doubtful Accounts account already has the balance of $12,000, and we need $35,000 at the end of the year. We know that Allowance of Doubtful Accounts account account has credit nature so it needed $23,000 ($35,000 - $12,000) to be adjusted at the end of the year to make the adjusted balance equals to $35,000. So, the adjusted account balance will be $35,000.
Answer:
Wide span of management.
Explanation:
Wide span of management involves a single manager overseeing a large number of employees, and this gives rise to a flat structure. A manager's span of control is the number of subordinates he supervises.
This form of management is ideal if employees are very competent, there is well defined standard operating procedure, and there is low expectation for problems.
In this situation there is no need for many managers as the employees to a large extent manage themselves effectively to meet set goals.
Answer:
Annual deposit= $7,648.27
Explanation:
Giving the following information:
A beach house in Southern California now costs $350,000.
Inflation rate= 5% per year
Interest rate= 13% annual
Number of years= 20
We need to find an annual payment to be made at the end of each year to reach the $350,000 goal.
We need to use the following formula of the future value:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
Real interest rate= 0.13 - 0.05= 008
A= (350,000*0.08) / [(1.08^20) - 1]= $7,648.27
Answer: $76.92
Explanation:
From the question, Zylo inc preferred stock pays a 7.50 annual dividend, the maximum price that will be willing to be paid for one share of this stock today if the required return is 9.75% will be calculated as:
= Dividend / Required return
= $7.50 / 9.75%
= $7.50/0.0975
= $76.92
The maximum price willing to be paid is $76.92.
Answer:
A. FIFO
Explanation:
FIFO, which is First-in, First-Out is a method used for calculating the cost of goods sold whereby the oldest goods in the company's or organization's industry are assumed to be sold first. It gives thesame results under both the periodic system and perpetual inventory system. So, in FIFO, goods acquired first are sold, leaving the most recent cost in the balance sheet. It also costs actual flow of goods in most businesses.
