Answer: If the required return is 11 percent, what is the project's NPV? (Do not round intermediate calculations and round your answer to two decimal places, e.g., 32.16.)
Explanation:
Answer:
people with lower wealth and income may have less access to credit and pay higher interest rates when they are approved
Explanation:
Profit maximization can be achieved by a competitive corporation by choosing a quantity of output such that marginal revenue equals marginal cost.
<h3>How does a corporation maximize its profit?</h3>
A corporation maximizes income via way of means of operating wherein marginal revenue equals marginal price. The corporation chooses quantity in order for that rate to equal marginal value so that it can maximize its profit.
Therefore, When the marginal revenue for an aggressive corporation equals the market rate, the firm maximizes its profit.
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Answer:
$5,360
Explanation:
The adjusting entry is shown below:
Bad debt expense $5,360
To Allowance for doubtful debts $5,360
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful accounts as it reduced the assets
The computation is shown below:
= $91,000 × 5% + $810
= $5,360
