Answer:
Aperson with better financial ability would have a less perceived value than someone with lesser financial ability. For example, a celebrity could buy a piece of clothing (jeans,shirts, jackets, etc.) for $100 and it would be nothing to them. But to someone working a regular 9 to 5 job, that would be an excessive amount of money to spend on one piece of clothing.
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Answer:
C.Clarify the situation, and ask specific questions about the overseas company's cultural and ethical practices. Also, ask what your company policies are regarding intercultural ethics.
Explanation:
In doing business with foreign cultures one needs to know the expected way transactions are conducted in the country.
A senior executive told you on conference call that you should increase expense amount because when you travel abroad for a trip you will give $5,000 each to top executives of a large account.
In your locale it may be considered bribery, but in the foreign country it may be rude not to give a gift when doing business.
So you need to clarify what acceptable ethical practices are with the foreign company.
Solution :
Account Estimated Estimated
receivable loss% bad debts
Current 250,000 0.5 1250
1-30 days of past due 90,000 1.0 900
31-60 days of past due 20,000 2.0 400
61-120 days of past due 11,000 5.0 550
121-180 days of past due 6,000 10.0 600
Over 180 days of past due 4,000 25.0 1000
Total account receivable 381,000 4700
a). The amount for the bad debts expense is = 4700 - (4350 - 3830)
= 4180
b). Balance in the accounts receivable
Accounts receivable = 381,000
Less : allowance for bad debts = - 4180
Net realizable value of the accounts receivable = 376,820
c). Bad debts expense
a). 4180
Balance: 4180
The allowance for un-collectible account
Beg. Bal : 4350
write off : 3830
a). 4180
Balance 4700
Answer:
PV = PMT [(1 - (1 / (1 + r)ⁿ)) / r]
Where:
PV = The present value of the annuity
PMT = The amount of each annuity payment
r = The interest rate
n = The number of periods over which payments are to be made
PV = PMT [(1 - (1 / (1 + r)ⁿ)) / r]
= 1000 [(1 - (1 / (1 + 0.0083)²⁴)) / 0.0083]
= 1000 [(1 - (1 / 1.2194)) / 0.0083]
= 1000 [(1 - 0.8201) / 0.0083]
= 1000 [0.1799 / 0.0083]
= 1000 * 21.6747
PV = $ 21,674.70
Explanation:
Since the annuity is compounded monthly
r = 10% / 12 = 0.83%
n = 24
Martha Stewart is a Lifestyle guru and businesswoman. She was born Martha Kostyra, on August 3, 1941, in New Jersey.
Martha Stewart started her work as a model at the age of 13, she used to appear in fashion shows as well as television and print advertisements. She also<span> started a catering business in the late 1970s. Soon she was known for her gourmet menus and unique, creative presentation.</span>
