One of the most important economic resources is money. <br> a. True <br> b. False

In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of

mash [69]

Answer:

Bad debt expense: 114,000

Explanation:

Dinty Inc. during the year canceled the accounts receivable it had attempted to collect and failed for $ 32,000 and reported a provision for bad accounts of $ 82,000. Both operations have to be registered against "Bad debt expenses" because they represent accounts receivable that are presumed to be without recoverable value.

Bad debt expense 114,000

Accounts receivables 32,000

Provision for bad accounts 82,000

114,000 114,000

4 0

3 years ago

Suppose the price of a ticket to a lenny kravitz concert is $41 and at that price, the quantity of tickets demanded is 17,000 pe

ella [17]

Answer:

the cost is 60039 dollars

Explanation:

5 0

3 years ago

The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Y

Mandarinka [93]

Answer:

payback 5 years

if the ltaer years cash flow increases several times, it would not affect the payback date. This is a disavantage of this method, it is focus on recover the investment without considering the total cash flow of the project.

Explanation:

Payback = the time in the life of a project on which the initial ivnestment is recover.

-31,000 Balance

Year 1 2,000 - 29,000

Year 2 0 - 29,000

Year 3 8,000 - 21,000

Year 4 9,000 - 12,000

Year 5 12,000 0

At year 5 the proejct achieve payback

5 0

2 years ago

Kroger's 2016 financial statements show net operating profit after tax of $2,286 million, net income of $1,975 million, sales of

gregori [183]

Answer:

Correct option is C 6.20

Explanation:

Sales/ Average net operating average

= $115,337/ $18,616

=6.20

5 0

2 years ago

Purpose of Assignment The purpose of this assignment is for students to employ capital budgeting techniques using time value of

garik1379 [7]

Answer:

Present Value 5,715,331.32

We are going to accept the project only if the initial investment is at 5,715,331 or below in order to achieve the return to support the cost of capital structure of the company

Accepting a project with a higher cost will not generate enought cashflow to sustain the patyment of debt and the return expected from the stockholders therefore, will generate a economic result and investor will leave the company for other which can sustain their desired return.

Explanation:

We are going to discount the yearly cash-flow at the given rate of 12.50%

then, the terminal value which is the present value of the future period will also be discounted at this rate.

The sum of all this will be the present value of the firm.

$\left[\begin{array}{ccc}$Year&$Cash Flow&$Discounted\\1&575000&511111.11\\2&625000&493827.16\\3&650000&456515.77\\4&725000&452613.93\\5&850000&471689.61\\$terminal&6000000&3329573.74\\Present&Value&5715331.32\\\end{array}\right]$

The formula we use the present value of a lump sum:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

We are going to accept the project only if the initial investment is at 5,715,331 or below in order to achieve the return to support the cost of capital estructure of the company

3 0

2 years ago

One of the most important economic resources is money. a. True b. False