Answer:
$13,500
Explanation:
The computation of the ending balance in the allowance for doubtful accounts is shown below:
= Unadjusted credit balance of allowance for doubtful accounts + net credit sales × estimated bad debts losses percentage
= $3,300 + $170,000 × 6%
= $3,300 + $10,200
= $13,500
Basically we applied the above formula to find out the ending balance in the allowance for doubtful accounts
Answer:
e. 2.00%
Explanation:
Default risk premium is the compensation that is paid to the investors for an entity's chances of defaulting on its debt.
Treasury bonds are considered to be the risk free assets.
Liquidity risk premium is the amount compensated to investors for the assets not actively traded in the market.
Treasury bonds are highly liquid form of an asset class.
In order to make a valid comparison between two securities
liquidity premium of 1% will be reduced from 11% of corporate bond. Leaving behind 10% to make both assets liquid and of valid comparison.
default risk premium = 10% return of corporate bond - 8% of Treasury bond return
Default risk premium = 2%
The correct answer is D. All of the above
Explanation:
Skills that can be used in multiple jobs or contexts are known as transferable skills. This category of skill covers many types of skills including basic skills such as teamwork, communication or problem-solving; personal quality skills such as honesty, empathy, or ethics; and thinking skills such as making decisions or organizing information. Moreover, these are all transferable skills because it is likely an individual requires these skills despite his profession or role. For example, both a doctor and a secretary might face challenges that require them to make decisions (thinking skill), use ethics to make the best decision (personal quality), and communicate this decision to others (basic skill.)
Answer:
Z-Mart purchased $3,000 worth of merchandise on credit. Transportation costs were an additional $100, paid cash to the cartage company on delivery. Z-Mart returned $300 worth of merchandise and paid the invoice on time, and took a 2% purchase discount. The amount of this payment was <u>$2744</u>
Explanation:
Purchases excluding freight $3,000
Less:Goods returned -$300
Add:freight charges $100
Net Purchases $2,800
Less:Discount on payment($2,800*2%) -$56
Net cash paid $2,844