Answer:
D. $68,000
Explanation:
The total amount of bad debt expense that should be reported for the year is $68,000. This is because since the company has a debit balance of $8,000 at the beginning of the year, the uncollectible of $60,000 would be added to the debit balance hence equals $68,000 which would serve as bad debt expense.
<u>Given:</u>
Loan amount = $250000
Interest rate = 5.5%
Interest payment = $2042.71
<u>To find:</u>
Total amount of interest
<u>Solution:</u>
The total number of months in 15 years =
Total monthly payments will be
So, the total pay-backs will be $3,67,687.8
Total interest paid will be as follows,
On plugging-in the values in the above formula we get,
Therefore, the total amount of interest that the borrower will pay over the course of the loan is $1,17,687.80.
A project manager is conducting a new analysis of the work project length in the schedule. She is utilizing a method that addresses the interaction between activities rather than scheduling flexibility.
The term "flexibility" or "limberness" describes the anatomical range of motion in a joint or group of joints as well as the length of the muscles that cross the joints to produce bending motions. Individuals differ in schedule terms of flexibility, notably in terms of variations in the length of multi-joint muscles. She is utilizing a method that addresses the interaction between activities rather than scheduling flexibility. Stretching is a typical workout component to maintain or develop schedule flexibility. Exercise can increase flexibility in some joints to a certain extent.
To fully extend a joint's range of motion is referred to as dynamic flexibility. Energy is released at the right time, causing the muscles to contract.
Learn more about flexibility here
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Answer:
$237,630
Explanation:
Windsor report as its December 31 inventory:
= Inventory in hand as per physical count + Goods purchased from P corporation under FOB shipping basis + Cost of goods sold to A company under FOB destination basis
= $191,500 + $24,510 + $21,620
= $237,630
Therefore, the amount to be reported by Windsor company is $237,630.
Answer:
B) $3,000
Explanation:
Since this is defined as a derivative operation, its result must be reported either as a gain or loss as part of normal income. Imp entered a contract to buy 100,000 euros at $0.90. If the exchange rate remained at $0.90 in 90 days, no gain or loss should be recognized.
But the currency exchange increased to $0.93 per euro, so the contract now results in a $0.03 gain per euro (= $0.93 - $0.90), so a gain of $0.03 x 100,000 = $3,000 must be reported.