Answer:
Part A:
Liabilities=$285,000
Part B:
Liabilities=$255,000
Equity=$255,000
Explanation:
General Rule of Assets, liabilities and equity
Assets= Liabilities+Equity
Part A:
Assets=$710,000
Equity=$425,000
Liabilities=?
$710,000=Liabilities+$425,000
Liabilities=$710,000-$425,000
Liabilities=$285,000
Part B:
Liabilities=Equity
Replace Equity by liabilities
Assets=Liabilities+Liabilities
$510,000=2*Liabilities
Liabilities=$255,000
Equity=$255,000
1100 is Accounts Receivable for the company determined that $7,200 in customer accounts was uncollectible; specifically, $1,100 for oakley company and $6,100 for brookes company.
Feb 1 Allowance for Doubtful Accounts 7200
Accounts Receivable - Oakley 1100
Accounts Receivable - Brookes 6100
Jun5 Accounts Receivable - Oakley 1100
Allowance for Doubtful Accounts 1100
Jun 5 Cash 1100
Accounts Receivable - Oakley 1100
Accounts receivable (AR) is the remaining amount owed to a business for goods or services that have been delivered or consumed but have company not yet accounts receivable been paid for by clients. The balance sheet classifies accounts receivable as a current asset. Customers' unpaid debt for goods they made with credit is referred to as AR.
The term "accounts receivable" refers to any unpaid bills or cash that a business is owed by customers. The word refers to accounts that a accounts receivable company is entitled to get as a result of delivering a good or service. Accounts receivable, also known as receivables, are a company type of line of credit that a business extends to its customers, and its terms typically call for payments to be made within a short time frame.
Learn more about accounts receivable here
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Answer:
Net cash flow= $66,000
Explanation:
Giving the following information:
An investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the project is $30,000 and the firm’s tax rate is 40 percent.
Net cash flow= EBT - Tax + Depreciation
Net cash flow= 60,000 - (60,000*0.4) + 30,000= $66,000
Answer:
b) Identifying issues
Explanation:
According to my research on ethical decision-making framework, I can say that based on the information provided within the question this activity involves the Identifying Issues step. This step focuses on identifying the
- Ethical Principles
- Is it Legal
- Duties to Others
- Important Facts
- Conflict of Interest
Before moving on to the Consideration Step in the decision making process. Since Vashon was trying to identify if what they did was ethical, then we can say this is the step that he is in.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
12%
Explanation:
Calculation for what is your rate of return in this investment.
Using this formula
Rate of return=Amount paid a year /Amount invested in
Perpetuity fund
Let plug in the formula
Rate of return=$3,000/$25,000
Rate of return=0.12*100
Rate of return=12%
Therefore the Rate of return will be 12%
