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DiKsa [7]
3 years ago
8

Prepare journal entries to record the following under

Business
1 answer:
MrRa [10]3 years ago
3 0

The  journal entries to record the direct write-off method and  the allowance method are:

Journal entries

a. May 3

Debit Bad debt $2,000

Credit Account receivable- Joey Company $2,000

b. May 21

Debit  Accounts Receivable—Joey Company $2,000

Credit Allowance for Doubtful Accounts $2,000

Debit Cash $2,000

Credit  Accounts Receivable—Joey Company $2,000

Learn more about journal entries here:brainly.com/question/14279491

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Determining PB Ratio for Companies with Different Returns Assume that the present value of expected ROPI follows a perpetuity wi
-Dominant- [34]

Answer:

Pb R atio:

For company A = 2.375

For company B = 1.5

Explanation:

As per the data given in the question,

ROPI = NDA (RNOA - WACC)

For Company A 100 × (21%-10%)

For Company B 100 × (14%-10%)

Present value of ROPI = (ROPI ÷ (1+WACC)) ÷ [1-(1+g) ÷ (1+WACC)]

For Company A = (11 ÷ (1+0.10)) ÷ [1-(1+0.02) ÷ (1+0.10)]

= $137.50

For Company B = (4 ÷ (1+0.10)) ÷ [1-(1+0.02) ÷ (1+0.10)]

= $50

Market value of equity = NOA + present value of ROPI

= $100 + 137.50 = $237.50(Company A)

= $100 + $50 = $150(Company B)

Pb Ratio = Market value of equity ÷ Book value of equity

For company A = $237.50÷100 = 2.375

For company B = $150÷100 = 1.5

4 0
3 years ago
Thị trường mục tiêu và khách hàng mục tiêu của sunhouse?<br> Mọi người giúp mình với.
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3 0
3 years ago
The cavo company has an roa of 9.8 percent, a profit margin of 12.25 percent, and an roe of 18.25 percent. What is the company's
victus00 [196]

(a)As per Du-Pont equation:

Return on Assets (ROA) = Net profit margin * Total assets turnover

9.8% = 12.25% * total asset turnover

Total asset turnover = 0.098/0.1225  =0.8

Total asset turnover = 0.80

(b) As per Du-Pont equation:

ROE = Net profit margin * total asset turnover 8 * Equity Multiplier

18.25% = 12.25%*0.8* Equity Multiplier

Equity multiplier = 0.1825/(0.1225*0.8) = 1.86

Equity multiplier = 1.86 times

6 0
3 years ago
According to federal regulations, an IRB must have at least two community members to fulfill membership requirements; one member
kozerog [31]

Answer:

False

Explanation:

According to federal regulations each IRB shall have at-least 5 members, further, there shall be at-least one member with scientific expertise and one member with no expertise in science.

Total number shall not fall below 5 members.

Here it states, to have at-least two members are require to fulfill the requirement of membership. Thus, the above statement is false.

In case it is talking about only about the character being scientific expertise or not then it is true.

But total members are 5 and not 2 thus statement is false.

4 0
4 years ago
New York City Police recommended steps the bank could take to deter robberies, including the installation of plastic barriers ca
liq [111]
The answer to this question is c <span>The banks must have weighed the cost of installing bandit barriers against the benefits and
decided that they have “no interest in ever putting in the barriers.”

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8 0
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