Answer:
The answer is false
Explanation:
Market price minus profit equals target cost and not target price.
Answer:
1. $31,000
2. $40,000
Explanation:
1. Computation of bad debt expenses for the year
Bad debt expenses = Credit sales × Bad debts expenses
= $1,550,000 × 2%
= $31,000
2. Computation of year end balance
Year end balance = Beginning balance + Bad debt expense - Written off
= $31,000 + $31,000 - $22,000
= $40,000
Therefore for computing the bad debt expenses and year end balance we simply applied the above formula.
Answer:
C. $3,454 million
Explanation:
Calculation to determine what the Projected cost of goods sold for 2018 will be:
2018 Projected cost of goods sold = [(8,180*1.03)*(3,272/8,180)+1%)]
2018 Projected cost of goods sold = (8,425 * (0.40+1%)
2018 Projected cost of goods sold= 3,454 million
Therefore Projected cost of goods sold for 2018 will be: $3,454 million
Answer:
non-programmed decision
Explanation:
Based on the information provided it can be said that the type of management decision that is being described is known as a non-programmed decision. This is a decision that are rare and lack strict guidelines for how they should be made or handled. They usually occur in dire situations and are made out of desperation to reach a solution to a major problem as quickly as possible.
Answer:
So book value at the end of December will be $9676
Explanation:
We have given amount of the bond = $10000
Rate of interest = 8 %
So interest paid Interest paid = 10000×0.08 = 800
Issue price = $9611
Effective interest rate = 9 %
Interest expense = 9611×0.09= 865
Discount amortization = 865-800 = 65
Book value at the end of December 31,2019 = 9611+65 = 9676
