All categories

3 years ago

Creditors benefit from the debtor-creditor relationship through

Business

1 answer:

Rom4ik [11]3 years ago

5 0

Answer:

Explanation:

when debts are sent to collection agencies they start to accrue interest which can quickly make an unsolved debt $100's very quickly

You might be interested in

In the 1980s, the U.S. government forced Japanese automakers to limit their exports to the United States. The union representing

never [62]

Answer:

A) save domestic jobs

Explanation:

Domestic jobs: These are the categories of jobs that are available in the national country of the company or within the boundary of the country, which has a preference for the local population and has more responsibility toward national´s resources, however, foreign companies have less responsibility toward national´s resources and their sole motive is to earn profit at a lesser cost.

In the given case, Japanese company´s export to the U.S have affected the domestic jobs as their motive is to maximize profit, which leads to an argument for protection of domestic job in U.S auto industry, therefore, US government have limited the export of Japanese automaker.

7 0

3 years ago

Becoming a manager meams

Lesechka [4]

Answer:

The statement is: True.

Explanation:

Being a manager implies handling groups of people with diverse cultures, experiences, and personalities. To perform a proficient work, executives should have a well-defined method of working but be able to adapt it according to their subordinates and the situation the firm is facing. In some cases, their ego will have to be left behind to reach the company's goals.

5 0

3 years ago

Milo Clothing experienced the following events during 2016, its first year of operation: 1. Acquired $12,000 cash from the issue

Serga [27]

Answer:

Explanation:

The four transactions will be recorded in the general journal as follows:

1) Debit cash $12,000

Credit common stock $12,000

(To record the sale of common stock)

2) Debit purchases $5,600

Credit cash $5,600

(To record purchase of inventory in cash)

3) Debit cash $5,712

Credit sales $3,360

Credit gross profit $2,352

(To record the sale of inventory in cash)

4) Debit advertising expenses $650

Credit cash $650

(To record the payment of advertising expenses in cash)

5 0

4 years ago

You are evaluating two different silicon wafer milling machines. The Techron I costs $245,000, has a three-year life, and has pr

sveticcg [70]

Answer:

Techron I . According to the calculations, Techron I reports a better performance.

Explanation:

Techron I

Cost of Machine = $245,000

Useful Life = 3 years

Annual Depreciation = Cost of Machine / Useful Life

Annual Depreciation = $245,000 / 3

Annual Depreciation = $81,666.67

Salvage Value = $40,000

After-tax Salvage Value = $40,000 * (1 - 0.22)

After-tax Salvage Value = $31,200

Annual OCF = Pretax Operating Costs * (1 - tax) + tax * Depreciation

Annual OCF = -$63,000 * (1 - 0.22) + 0.22 * $81,666.67

Annual OCF = -$31,173.33

NPV = -$245,000 - $31,173.33 * PVIFA(10%, 3) + $31,200 * PVIF(10%, 3)

NPV = -$245,000 - $31,173.33 * 2.4869 + $31,200 * 0.7513

NPV = -$299,084.39

EAC = NPV / PVIFA(10%, 3)

EAC = -$299,084.39 / 2.4869

EAC = -$120,263.94

Techron II:

Cost of Machine = $420,000

Useful Life = 5 years

Annual Depreciation = Cost of Machine / Useful Life

Annual Depreciation = $420,000 / 5

Annual Depreciation = $84,000

Salvage Value = $40,000

After-tax Salvage Value = $40,000 * (1 - 0.22)

After-tax Salvage Value = $31,200

Annual OCF = Pretax Operating Costs * (1 - tax) + tax * Depreciation

Annual OCF = -$35,000 * (1 - 0.22) + 0.22 * $84,000

Annual OCF = -$8,820

NPV = -$420,000 - $8,820 * PVIFA(10%, 5) + $31,200 * PVIF(10%, 5)

NPV = -$420,000 - $8,820 * 3.7908 + $31,200 * 0.6209

NPV = -$434,062.78

EAC = NPV / PVIFA(10%, 5)

EAC = -$434,062.78 / 3.7908

EAC = -$114,504.27

5 0

3 years ago

Setterstrom Company established a petty cash fund on May 1, cashing a check for $100. The company reimbursed the fund on June 1

topjm [15]

Answer:

Following are the journal entries for Setterstrom Company;

May 01

Debit: Petty cash = $100.00

Credit: Cash = $100.00

Jun 01

Debit: Delivery Expense = $31.25

Debit: Postage Expense = $39.00

Debit: Miscellaneous Expense = $25.00

Debit: Cash over/short (Balance amount) = $3.00

Credit: Petty Cash ($100 - $1.75) = $98.25

Jul 01

Debit: Delivery expense = $21.00

Debit: Entertainment expense = $51.00

Debit: Miscellaneous expense = $24.75

Credit: Petty Cash ($100 - $3.25) = $96.75

Jul 10

Debit: Petty cash = $30.00

Credit: Cash = $30.00

8 0

4 years ago