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ololo11 [35]
3 years ago
11

At December 31, 2018, Oriole Company reported the following information on its balance sheet.

Business
1 answer:
drek231 [11]3 years ago
7 0

Answer:

Bad debt expense (Dr.) $68,930

Allowance for Doubtful Debt (Cr.) $68,930

Explanation:

Accounts Receivable :

Balance $948,000

Add: Sales $3,609,930

Less: Sales returns $51,000

Less: Collections $2,756,000

Less: Write offs $97,000

Add: Recovery of old Bad debts $28,000

Adjusted Balance $1,653,930

Bad Debts :

Balance $78,000

Less: Allowance for doubtful debts $97,000

Less: Recovery $28,000

Adjusted Balance $9,000

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3. You run a construction firm. You have just won a contract to construct a government office building. It will take one year to
Gre4nikov [31]

Answer:

NPV= $1,983,471.1

Explanation:

Giving the following information:

To calculate the present value you need to use the Net Present Value. The NPV is the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

The formula is:

NPV= -Io + ∑[Rt/(1+i)^t]

where:

R t​     =Net cash inflow-outflows during a single period t

i=Discount rate of return that could be earned in alternative investments

t=Number of timer periods

NPV= -10,000,000 - 5,000,000/1.10 + (20,000,000/1.10^2)

NPV= $1,983,471.1

3 0
3 years ago
The type of posttest an advertiser uses is affected by the type of advertising objectives set by the advertiser.
trapecia [35]

It is true that the type of posttest an advertiser uses is affected by the type of advertising objectives set by the advertiser.

<h3>Who is advertiser?</h3>
  • The organization on the mobile marketing ecosystem's purchasing side is known as an advertiser.
  • In mobile advertising, the advertiser is frequently an app or brand trying to promote a certain message about their goods (for example, new user acquisition and retargeting campaigns).
<h3>What is the principle of advertising?</h3>
  • Creating interest in a thing being offered is the basic idea behind advertising.
  • After generating interest, the objective is to persuade consumers to buy the product even if they hadn't previously considered doing so.
  • Ads function by influencing consumer's thoughts and feelings about a good or service by utilizing psychology.

Learn more about advertising here:

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3 0
2 years ago
The ABC Company had its highest level of production in May when they produced 4,000 units at a total cost of $110,000 and its lo
Sati [7]

Answer:

$15

Explanation:

The computation of the estimated variable cost per unit by using high low method is shown below:

Variable cost per unit = (High total cost - low total cost) ÷ (Highest level activity  - lowest level activity)

= ($110,000 - $87,500) ÷ (4,000 units - 2,500 units)

= $22,500 ÷ 1,500 units

= $15

By applying the above formula we easily find the estimated variable cost per unit

7 0
3 years ago
When moving to a new rental, you'll likely need to pay a security deposit.
posledela

Answer:First and last months rent

Explanation:

4 0
3 years ago
Southwest Airlines begins a ''Bags Fly Free'' campaign, charging no fees for the first and second checked bags. Does this situat
Luba_88 [7]

Answer: Producer-producer rivalry

It is a rivalry from producer to producer because the other airlines will hardly be able to compete with that action, since at present it has become more usual not to include the luggage in the ticket and load them at the time of the check. With this, the best option for passengers will be to buy with the airline "Southwest Airlines"

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4 years ago
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