Answer:
$342,720
Explanation:
The amount of the life insurance needed is shown below:
= Earning after taxes × current income percentage × approximate interest factor
= $48,000 × 60% × 11.9
= $342,720
Basically we multiplied the earning after taxes with the current income percentage and the approximate interest factor so that the correct amount could arrive
Answer:
Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to build a new office complex. This is an example of foreign <u>PORTFOLIO INVESTMENT</u> in Argentina.
1. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries?
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a. Protecting property rights and enforce contracts
- b. Providing tax breaks and patents for firms that pursue research and development in health and sciences.
Both A and B are essential for increasing economic growth. E.g. if Coke was not able to keep its formula secret in certain country, it will not engage in business there. Investment in R&D is essential for future economic growth.
2. In less developed countries, what does the brain drain refer to?
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a. The emigration of highly skilled workers to rich countries
Brain drain refers to the immigration of highly skilled workers from poor countries into rich countries. E.g. a doctor moves from mexico to the US because he/she can earn a much higher salary. But at the same time, all the money and time spent educating the doctor is lost by Mexico and its economy.
Answer:
If your staff is unsatisfied and leaves your company for a more competitive rate elsewhere, you'll have new expenses, including the cost of hiring and training new team members. Companies that don't offer competitive pay also risk a decrease in overall employee performance.
Answer:
Refer to the cell’s picture. Which statement is not accurat
Explanation:
Refer to the cell’s picture. Which statement is not accurat
Answer:
(a) What was the total of accounts written off during the first 11 months?
bad debts written for the first 11 months = allowance for bad debt accounts January 1 balance + bad debt expense - allowance for bad debt accounts November 30 balance = $13,085 + $21,937 - $9,919 = $25,103
(b) As the result of a comprehensive analysis, it is determined that the December 31, 2010, balance of the Allowance for Bad Debts account should be $9,450. Show the adjustment required in the journal entry format.Allowance for bad debt Debit $Bad debt expenses Credit $
to determine the amount of bad debt expense that must be adjusted, we must subtract the estimated balance in December 31 from the balance in November 30 = $9,919 - $9,450 = $469. Since the November 30 amount is larger, it means that we over estimated our bad debt expense and it must be reduced:
Dr Allowance for doubtful accounts 469
Cr Accounts receivable 469
