The balance sheet aggregates all cash inflows, which the company receives from its ongoing activities and investment sources, and all cash outflows.
A company , abbreviated as co., is a felony entity representing an association of humans, whether herbal, criminal or a mixture of each, with a particular goal. company contributors share a common reason and unite to achieve unique, declared dreams.
An organization is a felony entity shaped by a group of individuals to interact in and operate an enterprise in a business or industrial capability. An organization's business line depends on its structure, which may vary from a partnership to a proprietorship, or maybe an employer.
A company is a sort of enterprise structure that may be a separate legal entity from its owners. it's a complex business shape, with better set-up and administrative fees due to greater reporting requirements and higher-stage criminal responsibilities.
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Answer:
: $4,610
Explanation:
The allowance for uncollectible accounts should be 2% of accounts receivable. So first we wil find out the 2% of $268,000.
($268,000 x 2%) = $5,360
Then we will subtract the $750 allowance for uncollectible accounts before any adjustments.
$5,360 - $750 = $4,610
The amount of the adjusting entry for uncollectible accounts would be: $4,610.
Answer:
The value of the stock at the given discount rate is $9.5
Explanation:
Here, we are interested in calculating the value of the stock at the given discount rate.
To do this, we employ a mathematical formula;
Value of the stock = Expected dividend ÷ (discount rate-growth rate)
According to the question, we identify the following;
Expected dividend = $1.58
Growth rate(negative) = -1.15% = -1.15/100 = -0.0115
Discount rate = 15.5% = 15.5/100 = 0.155
Plugging these values into the equation, we have;
Value of the stock = 1.58 ÷ (0.155 - (-0.0115)
Value of the stock = 1.58/(0.155 + 0.0115)
Value of the stock = 1.58/0.1665 = $9.5
The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.
<h3>What is the cost?</h3>
A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.
Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.
Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.
As a result, opportunity cost describes a decision we must make in order to make another one.
You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.
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