The price to earning ratio will be 18.8 with $94 market price per share and $5 earnings per share.
Write a short note on price to earning ratio.The ratio for valuing a firm that compares its current share price to its earnings per share is called the price-to-earnings ratio (EPS). The price multiple or earnings multiple are other names for the price-to-earnings ratio.
Investors and analysts use P/E ratios to assess the comparative value of a company's shares in an apples-to-apples comparison. It can also be used to compare a company to its past performance or to compare broad markets over time or to one another. P/E estimates can either be forecast or trailing (backward-looking).
To solve the question :
Net income (A) = $930,000
Weighted-average common shares outstanding (B) = 186,000
Earnings per share (C) = Net income (A)/ Weighted-average common shares outstanding (B)
= (C = A/B)
= $930,000 / 186,000
Earnings per share = $5
Market price per share (D) = $94
Price earnings ratio = Market price per share (D) / Earnings per share (C)
= (E = D/C)
= $94 / $5
= 18.8
Hence, price earnings ratio is 18.8.
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what management technique should colorful ice snowballs use to solidify their product mix and meet consumer's demands? (2 points)
Colorful ice snowballs should employ expansion as a management strategy to stabilize their product mix and satisfy consumer demand.
What is a plan for product expansion?The definition of product expansion states that it is a method used by firms to expand their operations. After gaining the interest of the target market, the company then tries to reach out to other markets.
What does a product mix expansion entail?Expansion of product mix: When a company adds more product lines, it is said to be expanding its product mix. Although they are not tied to the current items, these new lines are frequently related to the company's current product line.
Why is expanding the marketing mix important?The expanded marketing mix aids businesses in developing a comprehensive structure for their marketing strategy. A functional, comprehensive marketing plan is one step closer when each component of the mix is identified.
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what is the primary business advantage of using email? group of answer choices increasing the speed of order entry. increasing the number of computers required in an office. providing the ability to inform and communicate with many people simultaneously, immediately, and with ease. providing the ability to have friends all over the globe.
Providing the ability to inform and communicate with many people simultaneously, immediately, and with ease is the primary business advantage of using email.
What is the primary benefit of emailing?
One of the key benefits of email is that you can send electronic things, like text documents, pictures, and data sheets, quickly and conveniently to several people at once by attaching the file to an email. Ascertain whether there is a size restriction on the email attachments you can send by contacting your internet service provider.
One of the key benefits of email is that you can send electronic things, like text documents, pictures, and data sheets, quickly and conveniently to several people at once by attaching the file to an email. Ascertain whether there is a size restriction on the email attachments you can send by contacting your internet service provider.
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a (fill in the blank) bond gives the issuer an option to retire the bond before maturity at a specific price after a specific date.
A bond gives the issuer an option to retire the bond before maturity at a specific price after a specific date. callable.
Maturity isn't a be counted as age, but instead, as the way you select to respond and react to numerous life situations. It is essentially a stage of intellectual improvement or information that has pertaining to all areas of a man or woman's life, proper from their conduct to their courting with others.
An emotionally mature person has reached (and continues to work at accomplishing) a stage of self-expertise close to their mind and behaviors after which comes to a decision on a way to great technique and deal with situations that might in any other cases be trying or tough.
Maturity influences a person's capability to certainly decide to date for life and remember the fact that commitment implies giving up all different associate picks. This, in flip, determines the level of consideration and dependability present in a dating.
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the organizational function and set of processes for creating, communicating, and delivering value to customers and managing customer relationships in ways that benefit the organization and its employees, customers, investors, and society as a whole is referred to as
A collection of procedures for building, managing, and communicating with client connections in ways that are advantageous to the firm and its stakeholders is known as marketing.
The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing. A series of procedures known as marketing are used to create, convey, and provide customers with value as well as to strengthen such relationships. Everything a business does to meet consumer demands is included in this. Value delivery refers to how you create your products so that the customer receives the most benefit from using them. Customers may receive value in the form of goods, advantages, attributes, etc.
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is 12b-item7 10 points ebookprintreferencescheck my workcheck my work button is now enableditem 7 the common stock of the p.u.t.t. corporation has been trading in a narrow price range for the past month, and you are convinced it is going to break far out of that range in the next 3 months. you do not know whether it will go up or down, however. the current price of the stock is $85 per share, and the price of a 3-month call option at an exercise price of $85 is $8.00. a. if the risk-free interest rate is 9% per year, what must be the price of a 3-month put option on p.u.t.t. stock at an exercise price of $85? (the stock pays no dividends.)
The price of a 3 month put option stock will be $6.19.
The difference between the price at which we can sell the underlying asset to the writer and the price at which the asset can be sold/bought in the market is the value of a put option.
Calculation for the price of a 3-month put option on P.U.T.T. stock
Using this formula
P = C-S+[X/(1+r)T]
Where,
C represent call option price =$ 8
S represent stock price = $85
X represent exercise price =$85
T represent time period of put option =3 or 1/4months
R represent risk free return = 9%
P = C-S+[X/(1+r)T]
P = 8-85+[85/(1+0.9)1/4]
P = 8-85+[85/(1.9)1/4]
P = $6.19
Therefore the price of a 3 month put option stock will be $6.19
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edward is a partner in ens, ltd. the partnership generated a loss during the current year. edward's share of the loss was $7,000. how should edward handle the loss
Edward handle the loss of $7,000 for AGI.
How do find AGI?The total amount of revenue and earnings earned throughout the tax year, less certain adjustments to income, is known as adjusted gross income (AGI). Your AGI is shown on Line 11 of Forms 1040, 1040-SR, and 1040NR for tax year 2022. On older forms, it can be found on various lines.Gross income less adjustments to income is known as adjusted gross income (AGI). Your salary, dividends, capital gains, company revenue, retirement payouts, and other sources of income are all included in your gross income.It is used to determine taxable income, which is determined by subtracting itemized deductions and personal exemptions from AGI.To learn more about AGI refer to:
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already the electronics retailer circuit city (appliance store) has filed for bankruptcy, and general motors has said that it is in danger or running out of cash. if the consumer slump continues, there is a potential for a dangerous feedback loop, in which spending cuts and layoffs reinforce each other. what terminology do economists use to refer to this phenomenon?
Economists describe this phenomenon using the multiplier process terminology. The multiplier process is created when the consumer slump results in further spending cuts and job losses.
The cycle is known as a multiplier process when an initial decline or rise in autonomous spending results in a greater decline or rise in aggregate spending.
The multiplier process is created when the consumer slump results in further spending cuts and job losses. A multiplier is a term used in multiplier process economics to refer broadly to an economic factor that, when increased or altered, affects a large number of other closely Economists related economic variables. The multiplier effect makes increases in total output greater than the change in spending that caused them in terms of gross domestic product.
Usually, when discussing the relationship between government spending and gross domestic product, the term multiplier is used. Additionally, Economists multipliers—also referred to as the deposit multiplier—are used to explain fractional reserve banking.
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question content area equivalent production units are generally determined for a.conversion costs only b.direct materials and direct labor costs c.direct materials only d.direct materials and conversion costs
Conversion costs are the expenses incurred during the transformation of raw resources into finished items. Thus, calculating conversion costs necessitates taking into account both direct labour costs and manufacturing overhead costs. The answer is Conversion cost.
Additionally, expenses for utilities such as power and water that are required for production services fall under this category.Direct labour, also known as salary, refers to pay or benefits paid to workers as a result of the completion of a product. Factory overhead, on the other hand, refers to all expenditures associated with the manufacture of goods but which are not traceable, such as rent or electricity service.is understood to be the production costs necessary to transform raw resources into finished products. In order to calculate the value of ending inventory, which is then reported in the financial statements, this concept is employed in cost accounting. It can also be used to calculate the incremental cost of producing a good, which may be important for pricing decisions.Because personnel and manufacturing overhead are involved in conversion processes, the following formula is used to determine conversion costs.
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process of identifying other organizationas that ar ebest at some facet of your operations and then modeling your organziation after them is known as
The process of identifying other organizations that are best at some facet of your operations and then modeling your organization after they are known as benchmarking.
Benchmarking is a tool for assessing and comparing overall performance to be able to obtain non-stop development. It's far part of a complete first-rate control system, and consists of the subsequent key elements: focuses on tactics instead of consequences; Encourages records sharing; and.
Benchmarking way of comparing or checking something by comparison with a trend. Etymologically, it derives from the time period benchmark, a surveyor's mark used as a reference factor in measuring altitudes.
Aggressive benchmarking is the system of comparing your organization in opposition to a number of competitions and the usage of a hard and fast collection of metrics. This is used to measure the performance of an employer and examine it with others through the years. This can frequently include looking at the practice behind those metrics as properly.
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asset w has an expected return of 8.8 percent and a beta of .90. if the risk-free rate is 2.6 percent, complete the following table for portfolios of asset w and a risk-free asset. what is the slope of the line that results?
An investment that is thought to have a perfectly known return is referred to as a risk-free asset. Riskless investments frequently play crucial roles in the financial system.
What is Risk-free Asset ?An investment that is thought to have a perfectly known return is referred to as a risk-free asset. Riskless investments frequently play crucial roles in the financial system. For instance, lenders seeking premium collateral may be willing to accept risk-free assets like Treasury notes. For instance, lenders seeking premium collateral may be willing to accept risk-free assets like Treasury notes.
Different investors may have different definitions of a risk-free asset. As mentioned, Treasury bonds serve as risk-free investments. However, some investors might view short-term Treasury securities as being risk-free, such as a one-month Treasury bill, while others might view five- or 10-year Treasury bonds as being risk-free as well.
No matter how risky the asset is, a risk-free asset has a fixed future return. Investors have some amount of security over the return from this form of asset because it frequently offers a specific return.
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which one is not a function of money? question 25 options: medium of exchange a store of value a unit of account a tool to promote innovation in the long run.
Hyperinflation is not a function of money. Money serves as a medium of exchange, as a store of value, and as a unit of account.
Money is a good that is widely used as a medium of exchange for goods and services. Money is the means by which costs and values are expressed; as a unit of account, it refers to any thing or verifiable record that is typically accepted as payment for goods and services as well as the repayment of debts, such as taxes, in a specific nation or socioeconomic setting.
In British English, a structure or section of a structure where goods are sold is typically referred to as a shop. Are there any stores in this area? In American English, this type of structure is typically referred to as a store, with the term "shop" only applied to very small stores that sell a single category of goods. Mom visited the store.
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all of the following are classified as fixed assets except question 9 options: a) computers held for resale. b) property. c) buildings. d) factory equipment. e) a company car.
A fixed asset is a phrase used in accounting to describe assets and property that may not be quickly changed into cash. Hence option A is correct .
What is Fixed Assets ?
It is also known as long-lived assets, property, plant, and equipment. Fixed assets are distinct from current assets, which include liquid assets like cash and bank accounts.
Land, machinery, vehicles, furniture, computer equipment, buildings, and other equipment are examples of fixed assets. Depending on how a corporation conducts business, fixed assets can vary.
A long-term, visible item of property or equipment that a company owns and utilizes in its operations to make money is referred to as a fixed asset. In general, fixed assets are thought to last for at least a year before being consumed, turned into cash, or both.
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within an arts organization, the entity that has the ultimate authority over the organization is .
The entity that has the ultimate authority over the organization is the Arts director within an arts organization.
The choice of images, artwork, or other design components is made by the art director. In publications, such as newspapers and product packaging, as well as in film and television projects, art directors are in charge of the visual aesthetic and pictures. They come up with the general concept and give instructions to others who do the layouts or artwork.
An arts organization is one that offers programming in at least one of the following artistic disciplines: dance, design, folk and traditional arts, literature, multi-disciplinary arts, music, media arts, theater, and visual arts. Serving artists in need is one of the responsibilities of arts service groups. Society as a whole gain from the artist's success since the artist's cultural contributions is permitted to grow.
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what type of provision is standard with either the mortgage or the deed of trust, but is included in the promissory note rather than the security instrument?
Power of Sale is standard with either the mortgage or the deed of trust, but is included in the promissory note rather than the security instrument.
A promissory note normally includes all of the phrases referring to the indebtedness, such as the fundamental quantity, interest charge, adulthood date, date and vicinity of issuance, and provider's signature.
Promissory notes are legally binding whether or not the word is secured through collateral or based totally best on the promise of repayment. in case you lend money to someone who defaults on a promissory word and does not pay off, you could legally possess any assets that person promised as collateral.
A promissory note is a agreement that spells out the terms of a loan. It reduces misunderstandings and provides a felony treatment if the borrower doesn't pay or the lender oversteps its rights.
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what is appealing about the perfectly competitive equilibrium solution is selected answer: incorrect. all of the above answers: correcta. it identifies the point that is both socially efficient and socially fair b. it identifies the price at which the producer pays the entire production cost c. it identifies the point at the buyer pays the entire production cost
All of the above is appealing about the perfectly competitive equilibrium solution.
What is an equilibrium with perfect competition?
When there is perfect competition, the market will be in an equilibrium when supply and demand are equal. At this moment, a firm's pricing will be established. Demand will have an impact on equilibrium in the short term.
Price equivalent to AVC results in a loss for the company. Because it needs to cover at least its AVC in the short run in order to manufacture, the company will close if the price drops even little below AVC. A firm is therefore in equilibrium in all of the aforementioned circumstances in the short run under perfect competition.
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which term has a meaning different from the other ones? amount to be repaid on the maturity date face value price par value
The price of a bond changes over time, but the face value or par value remains constant and indicates the amount to be returned on the bond's maturity date.
What is the maturity date?The maturity date of a note, draft, acceptance bond, or other financial instrument is the day on which the principal amount becomes due. The principal investment is refunded to the investor on this date, which is normally stated on the certificate of the instrument in question, and the interest payments that were regularly paid out over the life of the bond stop to roll in. The maturity date is also the date (due date) on which an installment loan must be paid off in full.
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the pattern of protection in industrial countries is particularly harmful to the interests of a) low-income developing countries. b) high-income industrial countries. c) asian nations. d) european nations.
The pattern of protection in industrial nations is especially detrimental to the interests of developing nations with low incomes. Hence, the correct answer choice for this question will be option (a).
Write a brief account on developing countries.A sovereign state that is considered to be developing has a less developed industrial base and a lower Human Development Index (HDI) than other nations. This term is not generally accepted, though. Although the phrase "low and middle-income country" (LMIC) is sometimes used synonymously, it only relates to the economies of the nations. Subgroups of developing countries include small island developing states, landlocked developing states, and least developed countries. The term "high-income countries" or "developed countries" is typically used to describe those at the other end of the range.
Due to their histories or geographical locations, developing nations frequently share some traits. For instance, in terms of colonialism and health risks, higher levels of pollution, they frequently have: lower access to clean water, sanitation, and hygiene; a higher proportion of people with tropical and infectious diseases (neglected tropical diseases); a higher number of road traffic accidents; and generally lower quality infrastructure
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Medical facility does MRIs for sports injuries. Occasionally a test yields inconclusive results and must be repeated. Use the following sample data and n = 200. SAMPLE 1 2 3 4 5 6 7 8 9 10 11 12 13 Number of retests 1 2 2 0 2 1 2 0 2 7 3 2 1 a. Determine the upper and lower control limits for the fraction of retests using two-sigma limits. (Do not round intermediate calculations. Round your final answers to 4 decimal places. Leave no cells blank - be certain to enter "0" wherever required. )
The number of retests for sample number 10 (retests = 7) does not fall within the calculated values of UCL (0.0234) and LCL, hence the process is not under control (0).
The two-sigma limit is what?It can be tricky to use sigma, also known as standard deviation. It's a fantastic tool for studying any piece of data, though. By eliminating the data you don't need and focusing just on the relevant data at hand, using two-sigma control limits can improve your analysis.
The best part is that there is very little math required because the principle underpinning control limits is based on standard deviation.
Calculation:
Number of samples (N) = 13
Sample size (n) = 200
Retests: (1+2+2+0+2+1+2+0+2+1+2+0+2+7+3+2+1) = 25
(a) Number of retests / Total Number of Observations equals the defect rate (P-bar).
P-bar = 25 / (13 * 200)
P-bar = 25 / 2600
P-bar = 0.0096
P-bar's standard deviation = √[P-bar x (1 - P-bar)] / n
Sp = √[0.0096 x (1 - 0.0096)] / 200
Sp = 0.0069
Upper Control Limit (UCL) equals (Z x Sp) + P-bar
For 2-sigma limits, Z = 2
UCL = 0.0096 + (2 * 0.0069)
UCL = 0.0234
Lower Control Limit (LCL) = P-bar - (Z x Sp)
LCL = 0.0096 - (2*0.0069)
Lower Control Limit = -0.0042 or 0 (the retest count cannot be negative)
LCL = 0
(b) The defect rate is determined for each of the provided retests as follows:
1, P-bar = 1/200, and the number of retests is 0.0050.
2, P-bar = 2/200 = 0.0100 for the number of retests.
3, P-bar = 3/200 = 0.0150 for the number of retests.
7 retests total, P-bar = 7/200 = 0.0350. (outside the limits)
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the manager of a manufacturing company knows that they will need a new machine in one of their factories. the new machine will cost them $13,700. the manager has determined that they can afford to pay 15% of the cost of the machine in cash. they can then finance the rest through a credit union. the credit union will charge 2% per year compounded monthly. how much are their monthly payments for 4 years? a) $274.39 b) $381.28 c) $252.64 d) $233.23 e) $297.22
Option b; The monthly payments for 4 years is $381.28.
I = 2% per year compounded monthly, so i monthly = 2%/12
N = 4 years = 48 months
P = 13,700 - (13,700*15%) = 11,645
A = P(A/P,i%,N) = 11,645 (A/P,2%/11,645) = 11,645 (0.028643) = $381.28
A payment is the voluntarily made exchange of money, its equivalent, or other valuables by one party (such as an individual or business) for another's goods, services, or to satisfy a legal obligation. Payer refers to the party sending the money, whereas payee denotes the recipient of the payment.
Numerous methods exist for making payments, such as:
utilizing cash, a check, a debit, credit, or bank transfer—whether using a mobile payment app or not—to transfer anything of value, such stock, or by bartering one commodity or service for another.
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planning for which of the following products would see the least benefit from the use of an mrp system? multiple choice microwave ovens mobile phones shampoo power lawn mowers
Shampoo. products would see the least benefit from the use of an MRP system.The greatest benefit from MRP is attained when planning complex, discrete products that are assembled such as microwave ovens, mobile phones, and power lawnmowers.
What is MRP system?
A system called MRP is used to schedule manufacturing production. With the aim of satisfying customer needs and boosting overall productivity, it identifies necessary materials, estimates quantities, determines when materials will be required to meet the production schedule, and manages delivery timing.
An essential control parameter of SAP's MRP processing is an MRP type. It is defined in the material master of production-relevant materials and generally regulates the set of actions that take place throughout an MRP run. ND, PD,P1,P2, and additional MRP types are among the numerous types.
The Master Production Schedule (MPS), Inventory Status File (ISF), and Bill of Materials are the three fundamental inputs of an MRP system (BOM).
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The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $20 increase in rent. What rent should the manager charge to maximize revenue?.
The manager should charge a rent of $2500 to maximize the revenue from the apartment complex and increase the profit
x = $20 increases
Price = $1000+20x
Quantity = 150-x
a. The first step is to find revenue by coming up with an equation
Revenue = Price × Revenue
R(x) = (1000+20x) (150-x)
b. The second step is to maximize the revenue
R(x) = (- 20x^2 + 2000x + 150000)
c. The third step is to find the derivative and set it to zero
R(x) = (2000x - 150000)
150000 = 2000x
x = 75
d. The fourth step is to determine the rent that the manager should charge to maximize revenue
Price=$1000+20x
Price=$1000+20(75)
Price=$1000 + 1500
Price=$2500
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identify and explain how the intensification of trade brought prosperity and disruption to merchants and governments in the trading area.
In the trading region of the Indian Ocean, Aegean, Sahara, and overland Eurasia, the new global circulation of products and the increase of trade riches and upheaval to businesses and governments.
What is trading and how it is work?To put it simply, trading is the act of acquiring and transferring financial products with the intention of profiting from variations in their price movements, but without really being the owner of those instruments.
A job is trading?The entry hurdle to trading is often perceived as being high, yet if you're persistent and motivated, you can earn a living at it. Trading could result in a full-time career, a part-time one, or yet another source of income.
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when a new internal service fund is established with a transfer of funds (not to be repaid), which account would be credited in the internal service fund?
If a new internal service fund is established with a transfer of funds (not to be repaid), The account that would be credited in the internal service fund is: B. Interfund Transfer In.
What is Interfund Transfer In?Inter-fund Transfer In can be defined as the process of moving or transferring fund from one fund account into another fund account.
Based on the information given interfund transfer in will be credited while cash will be debited in the internal service fund.
Therefore the correct option is B.
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The complete question is:
When a new internal service fund is established with a transfer of funds (not to be repaid), which account would be credited in the internal service fund?
Cash.
Interfund Transfer In.
Interfund Transfer Out.
Estimated Revenues.
which of the following is included in gdp? multiple choice welfare payments received by some households payments received from selling stocks in one's portfolio cash gifts from relatives during the holidays fees received by stockbrokers
The following is included in GDP Fees received by stockbrokers.
The fee a stockbroker earns at the sale of monetary gadgets is protected in GDP, so if a stockbroker sells $10,000 in shares this 12 months and charges $two hundred in commissions (fees), then the $two hundred is protected on this 12 months's GDP, however the $10,000 is not. The calculation of a country's GDP encompasses all personal and public consumption, authorities outlays, investments, additions to personal inventories, paid-in creation costs, and the overseas stability of trade. (Exports are delivered to the fee and imports are subtracted).
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shareholder resolutions group of answer choices may be brought to a proxy vote by any stakeholder. can only be developed by large, institutional investors. are regulated by the federal trade commission. may prompt a company to change its practices. are the least effective type of shareholder activism.
Shareholder resolutions can only be developed by large, institutional investors.
What is Shareholder resolutions?Shareholder resolutions are proposals submitted by shareholders for voting at the company's annual meeting. Shareholder Resolutions are usually rejected by management, so stick to your votes. “Voting rights have long been recognized as one of the primary rights of shareholders.” For publicly traded companies in the United States, the submission and processing of resolutions is regulated by the Securities and Exchange Commission. 4,444 4,444 shareholders have submitted resolutions primarily dealing with corporate governance issues such as executive compensation, or corporate social responsibility issues such as global warming, industrial relations, smoking, human rights and animal welfare. Almost all shareholder resolutions are non-binding. In this sense, voting on these resolutions is more like a referendum than a referendum or referendum. Nonetheless, media coverage of voting on shareholder resolutions tends to focus on whether the proposal received a majority of the votes, which happens in a very small but increasing number of cases. SEC rules allow rejected resolutions to be resubmitted only if certain voting hurdles are passed.To learn more about Shareholder resolutions from the given link :
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kara is a lender who is working with prospective buyer, stan. what does kara ask sam to provide to show his work history and earning information?
Kara asked Sam to provide Paystub to show his work history and earning information.
Your entire earnings are broken down on a paycheck stub. A paystub shows how much was paid in taxes on your behalf, how much was taken out for benefits, and how much was left over for you to be paid after taxes and deductions. Earnings statements, also known as paystubs or check stubs, are crucial payroll documents that both employers and employees must keep track of. They provide details on earnings received, hours worked, deductions taken, and benefits a worker has accumulated.
An employer will provide an employee with a pay stub that details their gross earnings, deductions from those earnings, and net compensation. Each employee receives a fresh pay stub for each pay period since pay stubs and paychecks are produced in tandem.
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changes in taxes are generally preferred to government spending selected answer will be automatically saved. for keyboard navigation, press up/down arrow keys to select an answer. a when the debt is a concern. b because a decrease in taxes helps everyone. c because a tax decrease is easier to pass congress. d all of the above.
Changes in taxes are generally preferred to government spending 'when the debt is a concern'. Hence option A 'when the debt is a concern' is the correct answer.
Government spending is referred to the amount of money spent by the national governments on the provision of services and acquisition of goods such as healthcare, social protection, education, infrastructure, and defense. Government spending is particularly vital for fiscal policy and goes hand-in-hand with taxation.
Government spending is financed primarily by two means: tax collections and borrowing money. As far as when a debt is a concern of the government, changes in tax rates are usually preferred to government spending.
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the american system included support for all of the following policies except: group of answer choices high tariffs high prices for western lands internal improvements free public schools a national bank
Free public schools, Public schools are free for students in kindergarten through grade 12 in high school.
Public school is free in the United States:
The free school movement, often referred to as the new schools or alternate schools movement, was a 1960s and early 1970s American education reform movement that sought to alter the goals of formal schooling through alternative, autonomous community schools.
Free schools are a sort of academy that are managed by nonprofit organizations rather than the local government (council) and are not permitted to operate for financial gain. They receive funding from the federal government and are given a variety of liberties, including the ability to innovate in their instruction, whether that means emphasizing STEM courses or adopting a different method of instruction.
If they have the required capacity and capability, anyone may seek to establish a free school. Applications must indicate how the concept will satisfy crucial conditions, such as how there is a proven demand for the positions the school would serve and how the school will be financially viable while offering a diverse and balanced curriculum.
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flyer expects that 5% of accounts receivable is estimated to be uncollectible. what is the balance in the allowance for doubtful accounts after bad debt expense is recorded? group of answer choices $4,300.
$5,500 is the balance in the allowance for doubtful accounts after bad debt expense is recorded.
What are bad debts ?Bad debt, sometimes regarded as uncollectible accounts expense, is a sum of money owed to a creditor that is likely to go unpaid and for which the creditor is unwilling to take action to collect for a variety of reasons, frequently because the debtor lacks the funds to do so, for instance because a company is going bankrupt or into liquidation. Depending on accounting practices, legal considerations, and the institution's provisioning, there are many technical definitions of what a bad debt is. Bank debts in the USA that are more than 90 days past due are referred to as "problem loans."
Accounting sources indicate that as soon as a bad debt is anticipated, the entire amount should be written off to the profit and loss account or a provision for bad debts.
To solve the question :
Given,
Acc. Receivable: $110,000
Allowance for doubtful accounts = 5% of accounts receivable
The allowance for doubtful accounts balance equals 5% of accounts of accounts receivable
= 5% × $110,000.
= $5,500
Hence, $5,500 is the balance in the allowance for doubtful accounts after bad debt expense is recorded
The complete question is mentioned below :
Flyer Company:
- Cash Sales: $150,000
- Credit Sales: $450,000
- Selling and Administrative Exp: $110,000
- Sales returns and allowances: $30,000
- Gross Profit: $490,000
- Acc. Receivable: $110,000
- Sales Discount: $14,000
- Allowance for doubtful accounts: $1,200
Flyer estimates bad debt expense assuming that 5% of accounts receivable is estimated to be uncollectible. What is the balance in the allowance for doubtful accounts after bad debt expense is recorded?
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which statement is a correct assessment about the whigs? group of answer choices their programs connected best with voters in isolated rural areas. they hoped to derail the market economy. they argued that the role of government was to promote the welfare of its people. the whig leadership criticized the american system.
They argued that the role of government was to promote the welfare of its people is the correct assessment about the Whigs.
The Whigs were a political party in the United Kingdom that rose to prominence in the early 19th century. The Whigs advocated for the reform of the British government and were opposed to the policies of the Tory party.
The Whigs were led by prominent figures such as Charles James Fox and Edmund Burke. The party's name derived from the fact that they were originally a group of English country gentlemen who opposed the absolute rule of the king.
Hence, the "second" option is correct.
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