Answer:
$870
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Allowance for uncollectible accounts at 5%
= 5% * $302,000
= $1,510
Since the Allowance for Uncollectible Accounts was $640 (credit) before any adjustments, the bad debt expense for the year
= $1,510 - $640
= $870
Answer:
the benefit to his grades from studying for an hour
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
In this scenario, Gomer decided to spend an hour playing basketball rather than studying his books. Thus, his opportunity cost is the benefit to his grades from studying for an hour.
This ultimately implies that, if he had spend the time he used in playing basketball to study, it would have added value to his grades.
Answer: Production orientation
Explanation: It refers to a strategy when the company focuses only to provide the best quality product in the market without taking into consideration the preference of the customers.
In the given case, Steel makers are focusing on making their business process the best in market so that they can gain a competitive advantage.
Thus, from the above we can conclude that the correct option is C.
Answer:
0.4629%
Explanation:
Given:
Duration of fixed assets (D) = 5 year
Interest rate (r) = 8% = 8/100 = 0.08
Decrease in Interest rate point(ΔY) = 10 basis = 10/100 = 0.01%
Computation:
D* = D / (1 + r)
D* = 5 / (1 + 0.08)
D* = 5 / 1.08
D* = 4.6296
Computation:
ΔP/P = D* × ΔY
= 4.6296 × 0.01%
= 0.4629%
Therefore, Price of the assets go up to 0.4629%.
The Present Value is $335,539.75
This is a form of an annuity. The present value of an ordinary annuity can be computed as follows -
PV = A * 1 - 1 / (1 + r)n / r
where
A = annual revenue or annuity,
r = rate of interest,
n = no. of years
PV = 65000 * 1 - frac 1 / (1+0.0825)^7 / 0.0825 = 335,539.746942
or, Present value = $335,539.75
Also known as Recurring Revenue. Revenue that flows in at regular intervals during the year – typically, on a monthly basis.
Learn more about Recurring Revenue here: brainly.com/question/14317614
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