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Paha777 [63]
2 years ago
13

Reliable Enterprises sells distressed merchandise on extended credit terms. Collections on these sales are not reasonably assure

d, and bad debt losses cannot be reasonably predicted. It is unlikely that repossessed merchandise is in condition to be re-sold. Therefore, Reliable uses the cost recovery method. Merchandise costing $30,000 was sold for $55,000 in 2020. Collections on this sale were $20,000 in 2020, $15,000 in 2021, and $20,000 in 2022. In its 2020 year-end balance sheet, Reliable would report installment receivables (net) of:
Business
1 answer:
sveta [45]2 years ago
6 0

Answer:

the installment receivables is $10,000

Explanation:

The computation of the installment receivables is shown below:

installment receivable ($55,000 - $20,000) $35,000

LesS: Deferred gross profit ($55,000 - $30,000) $25,000

Installments Receivable $10,000

hence, the installment receivables is $10,000

The same should be considered and relevant

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First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compou
FinnZ [79.3K]

Answer:

EAR for First national Bank =  13.92 %

EAR for First United Bank = 13.85 %

Explanation:

given data

First National Bank charges =  13.1 percent

compounded monthly , 1 year = 12 month

First United Bank charges = 13.4 percent

compounded semiannually , 1 year = 2 semiannually

solution

we get here first EAR for First national Bank that is express as

EAR for First national Bank = (1+ \frac{r}{n} )^n - 1 .....................1

here r is rate and n is month

so put here value

EAR for First national Bank =  (1+ \frac{0.131}{12} )^{12} - 1

EAR for First national Bank =  13.92 %

and

EAR for First United Bank   is

EAR for First United Bank = (1+ \frac{r}{n} )^n - 1   ..................2

here r is rate and n is semi annually

EAR for First United Bank = (1+ \frac{0.134}{2} )^2 - 1

EAR for First United Bank = 13.85 %

here First United bank EAR is less

5 0
3 years ago
A consumer downloads 4 movies and 3 apps per week. Suppose the price is $4 per movie and $4 per app, and the marginal utility th
maks197457 [2]

Marginal utility will be calculated for movies by: 14/(4*4) which would mean 0.875 utils per dollar per movie. Whereas, for apps, it would be: 8/(3*4) which would mean utils per dollar per app to be 0.667. Hence, movies tend to carry higher utility.

8 0
3 years ago
In which era of the marketing evolution did firms begin to focus on what consumers wanted and needed before designing, making, o
Alex

The era of the marketing evolution  in which  firms begin to focus on what consumers wanted and needed before designing, making, or selling a product is market-oriented era.

<h3>What is the market-oriented era?</h3>

It  should be noted that around the year  1940s when industries realized that focusing only on their business needs  and as a result of this the customers are unsatisfied.

However, the  businesses' marketing tactics  that is been engaged that time is identifying what customers need and effectively customizing activities .

Find out more on market-oriented era at brainly.com/question/12439497

#SPJ1

4 0
2 years ago
1. assets for lincoln company totaled $13,000, liabilities totaled $1,000, and stockholders' equity totaled $12,000. what is the
Fittoniya [83]

The ratio of liabilities to stockholders' equity is 0.083.

<h3>What is the ratio of liabilities to stockholders' equity?</h3>

Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. An example of liability is account payable.

Stockholder's equity is the difference between assets and liabilities. Assets are resources that can be used to increase the value of the firm.  An example of an asset is account receivable.

The ratio of liabilities to stockholders' equity can be determined by dividing liabilities by stockholders equity.

The ratio of liabilities to stockholders' equity = liabilities / stockholders' equity

1000 / 12,000 = 0.083

To learn more about liabilities, please check: brainly.com/question/26513242

#SPJ1

5 0
1 year ago
When performing the "Incremental ROR analysis" of multiple mutually exclusive alternatives, the first step is to order all the a
Delvig [45]

Answer:

True

Explanation:

Mutually exclusive is a situation where two projects cannot be incorporated together. These are independent projects which needs to be selected based on their risk and return. The first step is to list the projects according to their initial investments.

4 0
3 years ago
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