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maksim [4K]
3 years ago
15

The Dubious Company operates in an industry where all sales are made on account. The company has experienced bad debt losses of

1.60% of credit sales in prior periods. Presented below is the company's forecast of sales and expenses over the next three years. Year 1 Year 2 Year 3 Sales Revenue $ 384,000 $ 390,000 $ 389,000 Bad Debt Expense Unknown Unknown Unknown Other Expenses 331,000 332,000 335,750 Net Income Unknown Unknown Unknown Required: Calculate Bad Debt Expense and net income for each of the three years, assuming uncollectible accounts are estimated as 1.60% of sales. Assume that the company changes its estimate of uncollectible credit sales to 1.60% in Year 1, 2.60% in Year 2 and 2.10% in Year 3. Calculate the Bad Debt Expense and net income for each of the three years under this alternative scenario.
Business
1 answer:
DochEvi [55]3 years ago
5 0

Answer:

omg that the long one

Explanation:

sorry dont know the anwer

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You own one call option with an exercise price of $30 on Nadia stock. This stock is currently selling for $27.80 a share but is
Shalnov [3]

Answer: 0.755

Explanation:

From the information given, the current per share value of the option if it expires in one year will be calculated as follows:

Firstly, we calculate the present value which will be:

= $28 / ( 1 + 0.05 )

= $28/1.05

= $26.667

The number of options needed will be:

= ( 34 - 28 )/ ( 4-0)

= 6/4

= 1.5

Therefore,

27.80 = (1.5 x Co) + [28 / (1+0.05)]

27.80 = 1.5Co + (28/1.05)

27.80 = 1.5Co + 26.667

1.5Co = 28.0 - 26.667

1.5Co = 1.1333

Co = 0.755

Therefore, the answer is 0.755

5 0
3 years ago
DLM preferred stock has a 5.8 percent dividend yield. The stock is currently priced at $36.20 per share. What is the amount of t
Tems11 [23]

Answer:

The correct option is c

Explanation: see the picture attached

3 0
3 years ago
Read 2 more answers
Suppose you sell a fixed asset for $115,000 when it's book value is $135,000. If your company's marginal tax rate is 39%, what w
Lena [83]

Answer:

$122,800

Explanation:

For computing the after-tax cash flow, first we have to determine the loss on sale a fixed asset which is shown below:

Loss on sale of the fixed asset would be

= Selling Price - Book Value

= $115,000 - $135,000

= -$20,000

And the tax rate is 39%

So the tax credit would be

= $20,000 × 39%

= $7,800

Now the after-tax cash flow of this sale would be

= Sale price + tax credit

= $115,000 + $7,800

= $122,800

4 0
4 years ago
Carpenter Inc. had a balance of $88,000 in its quality-assurance warranty liability account as of December 31, 2020. In 2021, Ca
Luba_88 [7]

Answer:

$43,000

Explanation:

Warranty expense for 2021 = $40.8 millions * 1%

Warranty expense for 2021 = $408,000

Balance in Liability on 31 Dec =  Warranty Liability on 1 Jan + Warranty Expenses - Warranty Expense paid

Balance in Liability on 31 Dec = $88,000 + $408,000 - $453,000

Balance in Liability on 31 Dec = $43,000

So, the balance in the warranty liability account as of December 31, 2021 is $43,000.

4 0
3 years ago
Help!!
Marat540 [252]

Answer:

Unethical behavior?

Explanation:

Ethics and morals are similar but aren't the same, but that's the closest answer I can give. Ethical decisions are made to get the best possible outcome. Which choice will lead to the best outcome? So whether or not it is a moral decision it is made to ensure the best result. To do the, "wrong thing" or to "lack morals" would most be compared to unethical behavior.

I hope this helped ^^

6 0
4 years ago
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