Answer:
(D) $ 1,450
Explanation:
The ending balance in allowance for uncollectible accounts is calculated by the following equation.
Opening Balance + Allowance for the year - Receivables written off = Ending Balance
$ 1,610 + $ 1,590 (0.5 % of sales on credit, $ 318,000 *0.5%) - $ 1,750 ( Receivables written off) = Adjusted allowance for uncollectible accounts <u>$ 1,450</u>
The amounts collected are not relevant in calculating the ending balalnce
Answer:
I am willing to pay $1,202,235.89 for this annuity.
Explanation:
Calculate Present value of future cash flow to calculate the price for the annuity should be paid now.
Monthly receipt = PMT = $200,000
Number of years = n = 25 years
Rate of return = r = 16.25% = 0.1625
PV = PMT x [ 1- ( 1 + r )^-n )] / r
PV = $200,000 x [ 1 - ( 1 + 0.1625 )^-25 ) ] / 0.1625
PV = $200,000 x [ 1 - ( 1.1625 )^-25 )] / 0.1625
PV = $1,202,235.89
Answer:
Yes, so long as a state trial court judge approves and certifies the case for the appellate court without holding a trial first.
Explanation:
If the trial court judges approves and if he has records and proofs for the case then he can straightly appeal to the appellate court without any lawyer.Anyone can file a case against another if there is any issue or problem and he has the evidences or proofs
Answer:
Corporate Control and Agency Problems
For instance, Mr. Jones has a business in Mexico and hires professional managers, but he cannot be there to control their actions always. There are lots of agency problems because of the conflict of interests that is prevalent and the inexistence of goal congruence.
His corporate managers are his agents, as the stockholder. However, most times, these managers do not run the businesses they are entrusted with fiduciary duties in the best interests of Mr. Jones or the principals who appointed them to the positions. They carry out their own agendas and try to satisfy their selfish interests.
Explanation:
Is there any wonder Mr. Jones' business in Mexico is exposed to agency problems? The managers who are your agents will never, at all times, protect your interests in the business. They try as much as possible to satisfy their own interests. Where there is no goal congruence, managers will always expose their principals to agency problems. To curtail these problems, Mr. Jones and the other stockholders must devise means to align the interests of the managers with those of the stockholders. One of the ways of achieving this is through stock compensation and the limitation of compensation in cash.
