Response:
A career can be likened to a "building block," whereas a job can be compared to a "castle or a tower"
Answer: The answers are:
A) $200,000.
B) $258,881.
C) $177,399.
Explanation: The values for the financial calculator are:
Future value = $ 200.000.
Payment = $ 200,000 x 0.10 = $ 20,000.
n = 5 x 2 = 10. (Semesters in 5 years).
YTM = (a) 10 percent, (b) 6 percent, and (c) 12 percent.
A) Present value = $200,000.
B) Present value = $258,881.
C) Present value = $177,399.
Answer:
Retained profits.
Explanation:
This typically happens when a business funds its operations through earnings generated from the sale of goods or services.
The income that Carol's Clothiers earns from the sales it conducts, referred to as retained earnings, acts as the main source of capital for expanding their operations.
Furthermore, as an LLP (limited liability partnership), where certain or all partners may have restricted responsibilities, they can utilize their retained earnings to provide dividends to shareholders or to repurchase shares.
$114,000
To begin with,
Net credit sales amount to $2,250,000.
The starting allowance for doubtful accounts stands at $36,000.
During the year, $90,000 worth of uncollectible accounts were written off.
First, we need to ascertain the adjustment needed for the allowance for doubtful accounts:
Excess amount to adjust = Uncollectible accounts written off - Beginning allowance for doubtful accounts
= $90,000 - $36,000
= $54,000
Allowance amount calculated as follows:
10% of the accounts receivable balance:
0.1 × $600,000 = $60,000
Thus, the necessary adjustment for the Allowance for Doubtful Accounts at December 31, 2017 totals to:
Excess to adjust + Allowance amount
= $54,000 + $60,000
= $114,000.
