Answer:
Compounded annually:
24820 = x * (1.08^3) = 1.259712x
x = 24820/1.259712 = $19703
Compounded quarterly:
24820 = x*(1.02)^12 = 1.26824x
x = 24820/1.26824 = $19570
Explanation:
I hope you can understand better and no need for further explanation.
<u>Solution and Explanation:</u>
Age of the Amount Estimated Estimated
Receivables Uncollectibles Uncollectible Amounts
1-30 days old $12,000 3% $360
31-90 days old $5,000 15% $750
more than 90
days old $3,000 30% $900
Estimated year end Balances for Uncollectible Amounts $2,010
Bad Debt Expense for the year : Estimated Uncollectible Amount - Existing Credit Balance in the Allowance Account
Bad Debt Expense : $2,010 minus $800 = 1210
If the existing balance is Debit Balance of $600.
Bad Debt Expense : $2,010 plus 600 = $2,610.
Answer:
the amount of the notes receivable net of the unamortized discount is $105,546
Explanation:
The computation of the amount of the notes receivable net of the unamortized discount is shown below:
= AMount payable for next two years × present value of an ordinary annuity at 9% for 2 years
= $60,000 × 1.75911
= $105,546
hence, the amount of the notes receivable net of the unamortized discount is $105,546
Answer:
What Is the Capital Allocation Line (CAL)? The capital allocation line (CAL), also known as the capital market link (CML), is a line created on a graph of all possible combinations of risk-free and risky assets. The graph displays the return investors might possibly earn by assuming a certain level of risk with their investment.
Explanation:
