New Town Instruments is analyzing a proposed project. The company expects to sell 1,600 units, ±3 percent. The expected variable

Answer:

Explanation:

Accounts receivable of 320,000 debit

Allowance                    600 credit

Sales total 900,000

1% estimated uncollectible:

900,000 x 1% = 9,000

The necessary adjusting entry will be for 9,000

As the calculated allowance corresponds to the sales of this period, we anticipate that 9,000 will be uncollectible in the upcoming period. It’s essential to acknowledge the entire sum now; otherwise, in a future period, we will incur bad debt expense for this previous period.

Recognizing the full amount aligns with the sales period, accommodating for any future uncollectible amounts arising from these sales

Answer:

Joint Venture

Explanation:

A joint venture occurs when two or more firms enter into a partnership agreement to pursue shared goals within a specific timeframe. This collaboration creates synergy through the shared resources of the involved organizations. This scenario is similar, with three organizations forming a contract and agreeing to pool their resources to achieve a mutual objective. Once this goal is accomplished, the partnership (Joint Venture) will be terminated.

Answer:

a. Ensure every sub-point is distinct

f. Break the main topic into significant parts

Explanation:

An outline serves as a form of a content table, aiding readers in grasping the article's overall message. Creating an effective outline can be tough. Here are some elements that can enhance an outline's efficiency.

Placing the main idea in the title is crucial. Below the title, partition the topic into significant segments (Option F). Utilizing sub-points makes the content more relevant (Option A). Moreover, merging sub-points into larger sections improves the article's appeal (Opposite of Option B). Avoid separating the main topic from the title; this may render the outline confusing (Opposite of Option D).

Answer:

E.

Explanation:

An effective information system is crucial for business operations, aiding managers in making informed decisions to fulfill organizational objectives.

An organization can endure and prosper amid stiff competition based on a well-structured information system.

This system assists in making accurate decisions timely or just-in-time. Managers can leverage a robust information system even in atypical situations.

It’s perceived as a process and can be incorporated to devise a comprehensive action or operational strategy.

Answer:

Total cost= $104,022.6

Explanation:

Given the following data:

The company anticipates $6000 in expenditure after 1 year, $9000 after 3 years, and $10,000 annually from year 6 through year 10.

The annual interest rate is set at 12%.

We will apply this formula:

FV= PV*(1+i)^n

FV= 6000*(1.12)^9= 16,638.47

FV= 9000*(1.12)^7= 19,896.13

Total= $36,534.6

For the last three amounts, we shall use the formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {10000*[(1.12^3)-1]}/0.12= 67,488

The cumulative cost is 67,488 + 36,534.6= $104,022.6