Answer:
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $2,700
To Allowance for doubtful debts $2,700
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)
= ($420,000 × 1%) - ($1,500)
= $4,200- $1,500
= $2,700
Answer: Research and development
Explanation: Primary functions are those functions which ensures that the essential requirements to operate the business efficiently are met. These require monitoring by the second level managers of the organisation.
Production, marketing and finance are the basic needs of an organisation for living in the market. Research and development is not an activity without which the business won't be able to run.
Thus, we can conclude that the right answer is Option A.
Answer:
The correct answer is "$ 30.34".
Explanation:
The value of the stock can be computed by the following formula:
⇒ ![\frac{Dividend \ in \ year \ 3}{(1 + Required \ return \ rate)2} + \frac{Dividend \ in \ year \ 4}{(1 + Required \ return \ rate)3} + \frac{Dividend \ in \ year \ 5}{(1 + Required \ return \ rate) 4 } + \frac{1}{(1 + Required \ return \ rate)4 }\times [\frac{( Dividend \ in \ year \ 5 (1 + Growth \ rate)} {( Required \ return \ rate - Growth \ rate)}]](https://tex.z-dn.net/?f=%5Cfrac%7BDividend%20%5C%20in%20%5C%20year%20%5C%203%7D%7B%281%20%2B%20Required%20%5C%20return%20%5C%20rate%292%7D%20%20%2B%20%5Cfrac%7BDividend%20%5C%20in%20%5C%20year%20%5C%204%7D%7B%281%20%2B%20Required%20%5C%20return%20%5C%20rate%293%7D%20%20%2B%20%5Cfrac%7BDividend%20%5C%20in%20%5C%20year%20%5C%205%7D%7B%281%20%2B%20Required%20%5C%20return%20%5C%20rate%29%204%20%7D%20%2B%20%5Cfrac%7B1%7D%7B%281%20%2B%20Required%20%5C%20return%20%5C%20rate%294%20%7D%5Ctimes%20%5B%5Cfrac%7B%28%20Dividend%20%5C%20in%20%5C%20year%20%5C%205%20%281%20%2B%20Growth%20%5C%20rate%29%7D%20%7B%28%20Required%20%5C%20return%20%5C%20rate%20-%20Growth%20%5C%20rate%29%7D%5D)
On putting the values, we get
⇒ ![\frac{1.50}{1.08^2} + \frac{1.60}{1.08^3} + \frac{1.75}{1.08^4 } + \frac{1}{1.08^4} \times [ \frac{( 1.75\times 1.03)}{(0.08 - 0.03)}]](https://tex.z-dn.net/?f=%5Cfrac%7B1.50%7D%7B1.08%5E2%7D%20%20%2B%20%5Cfrac%7B1.60%7D%7B1.08%5E3%7D%20%20%2B%20%5Cfrac%7B1.75%7D%7B1.08%5E4%20%7D%20%2B%20%5Cfrac%7B1%7D%7B1.08%5E4%7D%20%5Ctimes%20%5B%20%20%5Cfrac%7B%28%201.75%5Ctimes%201.03%29%7D%7B%280.08%20-%200.03%29%7D%5D)
⇒ 
⇒ 
($)
Answer:
XYZ Publishing Company is the owner of the cover design.
Explanation:
When a business or even an individual hires someone to work for a specific job, the outcome of that job belongs to the employer.
For example, if I hire a carpenter and ask him to manufacture a specific type of chair that I like. Even f the carpenter contributed to the design of the chair, the chair and its design belong to me since I paid for it. Even if for some reason a lot of people like my chars and they ask the carpenter to manufacture more chairs, he would need my authorization to do it.
What determines the foreign exchange rate?
A. The government
B. Small businesses
C. Market forces
D. Consumers
The answer is A the government
