The annual global growth rate of the human population peaked in the _______

A capital budgeting technique that can be computed by subtracting a project's initial investment from the present value of its

IRINA_888 [86]

I believe the answer is true.

3 0

3 years ago

When companies offer new equity security issues, they publicize the offerings in the financial press and on Internet sites.

I am Lyosha [343]

Solution:

Common stock: These are the common shares that a company issues to creditors to raise funds. In return, creditors are entitled to a dividend share of the profits received by the firm.

Par value: It refers to the worth of a share suggested by the charter of the company. Often referred to as a portfolio face value.

Record the sale of common stock in the books of ANIT Corporation.

Date Account Titles and Explanation Debit (S) Credit (S)

Cash (1) 101,595,000

Common Stock (2) 7500

Paid-in Capital in Excess of Par value (3) 101,587,500

(To record safe of .5 million shores of $0.001 par value per share in excess of Par)

Compute the amount of cash received from common stock issue.

Cash received = Number of shares issued x Price per share

= 7.500,000 shares x $13.546

=$101,595,000

Compute common stock value.

Common H= 'Number of shares v Par value of common stock stock value

= 7,500,000 shares x SO 001 per share

= $7,500

Compute paid-in capital in excess of par value.

Paid-in capital in = I (Cash received—excess of par value Common stock value

=$101,595.000(1) — S7,5001.2)

= $101,587,500

3 0

4 years ago

Cedar Mill, Inc. uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The accounting records show

antiseptic1488 [7]

Answer:

What would be the amount of the adjustment for bad debts?

Dr Bad Debt Expense $ 128,000

Cr Allowance for Uncollectible Accounts $ 128,000

Explanation:

If the unadjusted credit balance in the Allowance for Doubtful Accounts account before is $30,000

Cr Allowance for Uncollectible Accounts $ 30,000

What would be the amount of the adjustment for bad debts?

Dr Bad Debt Expense $ 128,000

Cr Allowance for Uncollectible Accounts $ 128,000

$740,000 5% $37,000 Past Due 0-30 days

$480,000 10% $48,000 Past Due 31-60 days

$220,000 15% $33,000 Past due 61-90 days

$160,000 25% $40,000 Over 90 days

$158,000

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of estimated value.

Because the company already has a CREDIT balance in the Allowance for Doubtful Accounts it's necessary to register an entry that complement the existing value and reflect the value as % of account receivable.

Bad accounts are those credits granted by the company and there is no possibility of being charged.

"When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible."

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

8 0

4 years ago

Your sister is thinking about starting a new business. The company would require $355,000 of assets, and it would be financed en

Diano4ka-milaya [45]

The net income that must be expected to warrant starting the business is: $47,925.

<h3>Net income</h3>

Using this formula

Net income = ROE × Total equity

Let plug in the formula

Net income = 13.5% × $355,000

Net income = $47,925

Therefore the net income that must be expected to warrant starting the business is: $47,925.

Learn more about net income here:brainly.com/question/15530787

#SPJ1

7 0

2 years ago

Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-

likoan [24]

Answer:

overhead rate $4 per machien hour

applied overhead 1,560,000

The overhead was underapplied for 15,000

entry to adjust against COGS

Cost of Goods of sold 15,000 debit

Factory overhead 15,000 credit

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

we divide the expected overhead over the total amount of budgeted machine hours to determinate the overhead rate:

1,600,000 / 400,000 = $4 per machine hours

Actual machine hours 390,0000

applied overhead:

actual cost driver x rate per driver

390,000 x $4 = 1,560.000‬ applied overhead

Actual overhead 1,575,000

As aplies is lower, we should adjust for 15,000 difference

5 0

3 years ago

The annual global growth rate of the human population peaked in the ________ and has been declining ever since.