Answer:
If company ABC is a much better career choice then you should accept the offer.
Explanation:
The main consideration in this scenario should be career growth. As a new graduate one will want to start with a company that has good training programmes and possibility for career growth.
The main consideration at this stage should not be the salary that is offered. While this is a good incentive, earning a good salary without progressing in your career will be a bad choice in the long run.
Answer:
In order to find IRR we have to set the present value of all cash flows to 0,
IRR is the rate at which if we discount the payments the NPV (net present value) will be 0
-1875000+
415,350/(1+IRR)
415,350/(1+IRR)^2
415,350/(1+IRR)^3
415,350/(1+IRR)^4
415,350/(1+IRR)^5
415,350/(1+IRR)^6
415,350/(1+IRR)^7
Now we can use trial and error to see at what rate will the npv be
IRR= 12.35%
Another simple way of doing is using the cash flow function of a financial calculator and input these values.
CF0=1875000
C01=415,350
C02=415,350
C03=415,350
C04=415,350
C05=415,350
C06=415,350
C07=415,350
Explanation:
Answer:
Limited liability partnership (LLP) or a limited liability company (LLC)
Explanation:
Both the LLP and LLC provide limited liability to the owners and they are both pass through tax entities. That means that they are not directly taxed, instead their owners are taxed.
Depending on where Tina and Aaliyah live, they might not be able to open a LLP, and instead they will need to start a LLC. Any of them will satisfy their needs, but starting a LLC is a little bit more complicated and can cost more money. An LLC is usually better if there are several partners, but in this case if they can avoid the cost of opening a LLC it would be better for them.
Answer:
The total March sales that Kittyz anticipated is $100,000.
Explanation:
The details of beginning and ending inventory are irrelevant for sales; they are relevant only for production quantity.
total March sales for Kittyz anticipated = 20000*$5
= $100,000
Therefore, The total March sales that Kittyz anticipated is $100,000.
Answer: The adjusting entries for the uncollectible accounts would be as follows: Debit Bad debt expense $277,500; Credit Allowance for doubtful accounts $277,500
Explanation: As provided in the question, bad debt expense is determined by the percentage of sales method. In this instance, it is estimated at 1/4 of 1% of sales. 1% of $102,480,000 = $1,024,800; 1/4 of $1,024,800 = $256,200. Please note that there was an existing debit balance of $21,300 in allowance for doubtful accounts (usually, it should have a credit balance), in order to reinstate the allowance for doubtful account to $256,200, we have to credit it with $277,500 ($256,200 + $21,300), by way of the journals above.
