Answer:
D. $68,000
Explanation:
The total amount of bad debt expense that should be reported for the year is $68,000. This is because since the company has a debit balance of $8,000 at the beginning of the year, the uncollectible of $60,000 would be added to the debit balance hence equals $68,000 which would serve as bad debt expense.
Answer:
$24.587
Explanation:
Given:
Annual dividend paid = $1
Expected growth rate for 2 years = 25% = 0.25
After 2 years growth rate = 5%
required return for deployment specialists = 11.0%
Now,
At the end of year 1, Expected dividend on stock = $1 × (1 + 25% ) = $1.25
At the end of year 2, Expected dividend on stock = $1.25 × (1 + 25%)
= $1.5625
At the end of year 2, Expected dividend on stock = $1.5625 × (1 + 5% )
= $1.640625
and,
Value of stock at the end of Year 2 =
=
= $ 27.34375
Therefore,
The Intrinsic value of stock =
= 1.1261 + 23.4610
= $24.587
Answer:
a. revenue (R), affecting owner's investment (I)
b. not affecting owner's equity (NOE)
c. expense (E) and affecting owner's investment (I)
Explanation:
Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.
A = 9,875 (1 + 0.048/12)^ 12(12)
A = $ 15,547
The amount of interest earned on investment = $ 15,547 - $ 9,875
= $ 7,672
Hope this helps
Salary, tips, and interest earned are included in
<span>D. gross (total) income
</span>total money received by an individual including income from employment revenue from sales, payments from pension plans, income from other sources is <span>gross (total) income</span>