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inysia [295]
3 years ago
5

Charleston, Inc. has Accounts Receivable of $320,000 and an Allowance for Doubtful Accounts of $16,000. If it writes-off a custo

mer account balance of $1,600, what is the amount of its net accounts receivable? Multiple Choice $320,000 $302,400 $304,000 $318,400

Business
1 answer:
noname [10]3 years ago
5 0

Answer:

$304,000

Explanation:

Please see attachment

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Cabell Products is a division of a major corporation. Last year the division had total sales of $28,540,000, net operating incom
natulia [17]

Answer:

9.1%

Explanation:

With regards to the above, margin is computed as;

Margin = (Net operating income ÷ Sales) × 100

Given that:

Net operating income = $2,597,140

Sales = $28,540,000

Margin = ($2,597,140 ÷ $28,540,000) × 100

Margin = 9.1%

3 0
2 years ago
A corporate bond has a face value of $1,000 and a coupon rate of 5%. The bond matures in 20 years and has a current market price
user100 [1]

Answer: 4.10%

Explanation:

Solve for the current rate being used using the RATE function on Excel.

Number of periods = 15

Payment = 1,000 * 5% = 50

Present value = Current market price - floatation costs = 900 - 25 = 875

Future value = 1,000 face value

The result will be:

= 6.31%

If tax is 35%, after-tax cost is:

= 6.31% * (1 - 35%)

= 4.10%

8 0
2 years ago
Retreaded Tires plans to save $23,500, $24,500, $26,500, and $28,000 at the end of each year for Years 1 to 4, respectively. If
exis [7]

Answer:

<u><em></em></u>

  • <u><em>Option C. $105,608.11</em></u>

<u><em></em></u>

Explanation:

Basis:

  • Interest compounded monthly
  • rate = 0.021/12 = 0.00175

1. Year 1:

All the figures in dollars.

  • Initial balance: 0
  • Initial balance + interest = 0
  • Deposit at the end of the year: 23,500
  • Final balance: 23,500

2. Year 2:

All the figures in dollars.

  • Initial balance: 23,500
  • Initial balance + interest: 23,500 (1 + 0.00175)¹² = 23,998.28
  • Deposit at the end of the year: 24,500
  • Final balance: 24,500 + 23,998.28 = 48,498.28

3. Year 3:

All the figures in dollars.

  • Initial balance: 48,498.28
  • Initial balance + interest: 48,498.28(1 + 0.00175)¹² = 49,526.60
  • Deposit at the end of the year: 26,500
  • Final balance: 26,500 + 49,526.60 = 76,026.60

4. Year 4:

All the figures in dollars.

  • Initial balance: 76,026.60
  • Initial balance + interest: 76,026.60(1 + 0.00175)¹² = 77,638.62
  • Deposit at the end of the year: 28,000
  • Final balance: 28,000 + 77,638.62 = 105,638.62

Assuming differences in rounding intermediate values, the answer is the option C.

3 0
3 years ago
Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear.
irakobra [83]

Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear ​increases.

If demand is elastic (price elasticity > 1), price and total sales are negatively related. In other words, an increase in price leads to a decrease in total sales.

Revenue is the amount of money generated WITHOUT subtracting the costs of business. In economics, the total sales test is a means of determining whether demand is elastic or inelastic. If an increase in price leads to an increase in total sales, demand is said to be inelastic because the increase in price does not significantly affect the quantity demanded.

Learn more about revenue at

brainly.com/question/16232387

#SPJ4

5 0
1 year ago
Concerning the classification of customers in the business market, General Motors is a(n) _________ when purchasing a mainframe
zimovet [89]

Answer:

a. <u>user</u>; <u>original equipment manufacturer(OEM)</u>

Explanation:

Business markets refer to purchase and sale of products by businesses with one another. For example, output for one business might be used as an input for another.

A business would be termed as a user when it purchases goods from another business, wherein such goods are not directly used in the manufacturing or creation of it's products.

Original Equipment manufacturer refers to a business which buys certain products and subsequently incorporates them in an altogether newer product  within it's brand name.

6 0
3 years ago
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