The pro forma balance sheet shows how the __________ resulting from a strategic plan will be financed.

During 2021, its first year of operations, a company provides services on account of $256,000. By the end of 2021, cash collecti

Vera_Pavlovna [14]

Answer:

The Record for the adjustment for uncollectible accounts on December 31, 2021 would be the following:

31/12/2021 Debit Credit

Bad Debts Expense $ 9,250.00

Allowance for doubtful accounts $ 9,250.00

(To record bad debt expense)

Explanation:

In order to Record the adjustment for uncollectible accounts on December 31, 2021 we would have to make the following calculation:

Bad Debts Expense=(services on account-cash collections)*11%

Bad Debts Expense=($256,000-$133,000)*11%

Bad Debts Expense=$13,5330

Therefore, the journal entry would be the following:

31/12/2021 Debit Credit

Bad Debts Expense $ 9,250.00

Allowance for doubtful accounts $ 9,250.00

(To record bad debt expense)

8 0

3 years ago

A stock has returns for five years of 14 percent, -16 percent, 12 percent, 23 percent, and 4 percent, respectively. The stock ha

Yakvenalex [24]

Answer:

the average return is 7.8% and standard deviation is 28.97%

Explanation:

The computation of the average return and standard deviation is as follows

For average return

= (14% - 16% + 12% + 23% + 4%) ÷ 5

= 7.8%

Now the standard deviation is

= (1 ÷ 4 × (0.14 - 0.078)^2 + (-0.16 - 0.078)^2 + (0.12 - 0.078)^2 + (0.23 - 0.078)^2 + (0.04 - 0.078)^2)^1 ÷ 2

= 28.97%

Hence, the average return is 7.8% and standard deviation is 28.97%

7 0

3 years ago

Read 2 more answers

If there are positive externalities involved with the delivery or consumption of a product, the level of output will be:a. more

kari74 [83]

If there are positive externalities involved with the delivery or consumption of a product, the level of output will be less than the efficient amount of production.

Answer: Option C

<u>Explanation:</u>

Externality means the result or the consequences of the activities which affect some third parties also. But this does not get reflected in the market prices. Positive externality means that the third party gains benefits from the activities related to externalities.

But in this case there is always under production that is the production which is less than efficient amount of production. The reason for this is that the producers of these goods can not capture the extra value of the goods that the third parties get in the form of the prices of that good.

4 0

4 years ago

What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment ea

VMariaS [17]

Answer:

Compounded annually:

24820 = x * (1.08^3) = 1.259712x

x = 24820/1.259712 = $19703

Compounded quarterly:

24820 = x*(1.02)^12 = 1.26824x

x = 24820/1.26824 = $19570

Explanation:

I hope you can understand better and no need for further explanation.

8 0

3 years ago

Hodgkiss Mfg., Inc., is currently operating at only 94 percent of fixed asset capacity. Current sales are $840,000. Fixed assets

Pepsi [2]

Answer:

= $9,167

Explanation:

What information do we have relevant to our question

The Current Operating Capacity = 94%

The Current Sales = $840,000

The Current fixed Asset = $500,000

The Projected Sales = $910,000

Step 1: we determine the Sales at full capacity

= Current Sales/ The Capacity of the Fixed Asset

= $840,000 / 0.94 = 893,617.021276

Step 2: We determine the Percentage of Fixed Assets

= Current Fixed Asst / The Sales at full capacity

= $500,000/ 893,617.021276

= 0.5595238095

Step 3: We determine the Required Total fixed Assets

=Percentage of fixed assets x Projected sales.

= 0.5595238095 x $910,000

= 509,166.666645

Step 4:: We calculate the New Fixed Asset needed to support sales growth

= Total Fixed Assets calculated in step 3 - The Current Fixed Assets

= 509,166.666645 - $500,000

= $9,167

6 0

3 years ago