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3 years ago

Name one thing you're afraid of when you think of college and career.

Business

1 answer:

dangina [55]3 years ago

7 0

Answer:

finances

Explanation:

College is expensive and people that go to college have an expectation of landing a great paying job. Reality is that is not always the case. Often leading to a long time of paying of student debts.

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QUESTION 1 The method that uses a certain percentage of each year's net sales to estimate the uncollectible account is called th

Sonbull [250]

Answer:

QUESTION 1 : sales allowance method

QUESTION 2: $60,000

QUESTION 3: $180

QUESTION 4: Accounts Receivable

Explanation:

4 0

3 years ago

If a business closes its accounts only at year-end

Levart [38]

Answer:

The correct answer is letter "D": Revenue and expense accounts reflect year-to-date amounts throughout the year.

Explanation:

Most firms close their accounts by the end of the year because of accounting reporting purposes. It does not imply throughout the year the firm will not be able to make reports of their performance. They actually can but closing the account relevant for the report requested. <em>By closing the accounts only by the end of the year, the revenue and expense accounts will show annual calculations in the upcoming period books.</em>

3 0

3 years ago

A private, not-for-profit hospital received a donation of medicine from the XYZ Pharmaceutical Company on March 15, 20X9. The co

jeka57 [31]

Answer:

$90,000

Explanation:

5 0

3 years ago

Hennessey Chicken and Waffles had $594,500 in sales, and a net profit margin of 4 percent. The firm has 2,750 shares of stock ou

lord [1]

The price-earnings ratio for Hennessey Chicken and Waffles would be 4.90

<h3>What is price-earning ratio(PE)?</h3>

PE ratio is known as the price per earnings ratio. It is the ratio of share price of a company to its earnings per share. The higher the PE ratio, the higher the prospects of higher future performance.

The Price/Earnings Ratio (P/E Ratio) can be calculated as:

= Market Value / Earnings per Share.

First, we need to calculate the net income

Net Income

= Sales x profit margin

= 594500 * 4%

= $23,780

Earnings per share

= (Net profits after taxes – Preferred dividends) / Number of shares of common stock outstanding

= ($23,780 - 0) / 2,750

= $8.65

Therefore,

P/E ratio :

= Market Value / Earnings per Share.

= $42.40 / $8.65

= 4.90

Hence, the price-earnings ratio would be : 4.90

Learn more about price-earnings ratio here: brainly.com/question/18802904

5 0

3 years ago

Knowledge Check 01 Zeta Corporation issues $100,000 of 8% bonds maturing in 10 years on January 1, Year 1, when the market rate

alexandr1967 [171]

Answer:

$106,595

Explanation:

Given:

Initial market rate = 9%

Dropped market interest rate, r = 7% per year

= 7% × [6 ÷ 12]

= 3.5% = 0.035

Remaining time, n = 9 years = 18 semi annual periods

Now,

Value of the bond at the retirement

= [ PVAF × Interest payment] + [ PVF × face value]

here,

Present value of annuity factor, PVAF = $\frac{1 -(1+r) ^{-n}}{r}$

PVAF = $\frac{1 -(1+0.035) ^{-18}}{0.035}$

PVAF = 13.189

And,

Interest payment = $100,000 × 8% × [6 ÷ 12 ] [since, 8% bonds]

= $4000

Present value factor = $\frac{1}{1.035^{18}}$

= 0.538

par value = $100,000

= [13.189 × $40] + [0.538 × 100,000]

= 52,758.7316 + 53,836.114

= $106,595

Hence,

The correct answer is option $106,595

8 0

4 years ago