Answer:
(a) Last year taxation is paid through the current year provision
Answer: 1 year and 6 months
Explanation:
The cash flows are as follows,
Year 0 = ($2,500)
Year 1 = $1,500
Year 2 = $1,500
Year 3 = $1,500
Payback period is the time it will take to break even the intial investment (In this question the initial investment is $2,500)
The sum of the cashflows of year1 and year2 is equal to $3,000
which means that the payback period is somewhere bbetween year 1 and year2
1500/3000 = 0.5 year or 6 months
the total payback period is 1 year and 6 months
Answer:
A) The marketing research process
Explanation:
Marketing research process is the collection, analysis, and interpretation of data relating to the marketing conditions. It consist of the systematic process of planning and executing marketing objectives and also solving marketing related problems
Defining the problem, developing the research plan, collecting information, analyzing information, presenting the findings and lastly making decision.
Answer:
The amounted contributed to U.S.GDP is $2 million
Explanation:
First and foremost, the question reiterated that $1 m is due to U.S-owned equipment company and U.S.managers working in Mexico,this is where the key to unlocking the question lies.
On the basis that the money is shared equally between the equipment company and the U.S managers working in Mexico,each group gets $500,000 which is an input for the car manufacturer. However, $2.5m worth of cars are sold to U.S-an output ,deducting the $500000 due to the managers from the output value gives $2m
Answer:
The cash collection on September 9 is records by the entry:
Debit Cash $5,300
Credit Accounts Receivable $5,300
Explanation:
Barnes Books allows for possible bad debts. On May 7, the company writes off a customer account. The journal entry:
Debit Allowance for Doubtful Accounts $5,300
Credit Accounts Receivable $5,300
On September 9, the customer unexpectedly pays the $5,300 balance. The journal entries:
1. Debit Accounts Receivable $5,300
Credit Allowance for Doubtful Accounts $5,300
2. Debit Cash $5,300
Credit Accounts Receivable $5,300
