answer and explanation :
A bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and which it may be necessary to create an allowance for doubtful accounts.
Answer:
Fixed overhead volume variance $540 unfavorable
Explanation:
<em>The fixed overhead volume variance is the difference between the budgeted and actual production volume multiplied by the standard fixed production overhead rate per unit.</em>
Overhead absorption rate = Budgeted Fixed overhead/Budgeted units
= 27,000/1000 =$27 per unit
Unit
Budgeted production 1000
Actual production <u> 980</u>
Volume variance 20
Standard fixed overhead cost $<u>27</u>
Fixed overhead volume variance <u> $540</u> unfavorable
Answer:
15.44 years
Explanation:
Using both excel rate function and financial calculator, the time taken to repay the debt can be computed thus:
Excel rate function:
=nper(rate,pmt,-pv,fv)
rate= interest rate=4%
pmt=yearly payment=c
pv=loan oustanding=-39000
fv=the balance after all payments should be zero=0
=nper(4%,3435,-39000,0)= 15.44 years
Financial calculate
PMT= 3435
RATE=4
PV=-39000
FV=0
CPT N=15.44 years
This means a payment of $3,435 per year for 15 years and $ 1,511.40 ($3,435*0.44) in the sixteenth year
Answer:
Equilibrium price, p = 2.5
Equilibrium Quantity, Q = 22.5
Explanation:
The equation is:
Qd = 30 - 3p
Qs = 10 + 5p
At equilibrium, Quantity demanded equals quantity supplied
Equate Qd = Qs to find equilibrium price
30 - 3p = 10 + 5p
30 - 10 = 5p + 3p
20 = 8p
p = 20/8
P = 2.5
Substitute equilibrium price into Qd and Qs equation to find equilibrium Quantity
Qd = 30 - 3p
= 30 - 3(2.5)
= 30 - 7.5
= 22.5
Qs = 10 + 5p
= 10 + 5(2.5)
= 10 + 12.5
= 22.5
Therefore,
Equilibrium price, p = 2.5
Equilibrium Quantity, Q = 22.5
Based on Destiny's preference for investments with the highest returns without consideration of their riskiness, he will most likely be interested in <em>A. junk bonds.</em>
- Junk bonds issued by corporate entities lack investment-grade credit ratings. They usually yield higher returns than the average bonds with good investment-grade credit ratings.
- Destiny will not be interested in municipal bonds because they do not meet his high-risk appetite. Municipal bonds do not yield high returns. They are for the risk-averse investor.
- Destiny will not be interested in corporate bonds with investment-grade credit ratings because they are more secured and less risky than junk bonds.
- Finally, savings bonds will not be attractive to Destiny, as the U.S. Treasury issues them and they remain the safest investments.
Thus, Destiny's interest will be in junk bonds because he does not mind the risks but wants the highest returns from his investments.
Read more: brainly.com/question/11619330 and brainly.com/question/24691173
