After aging the accounts receivable, it is estimated that $420 will not be collected and the allowance account has an existing debit balance of $100 . If accounts receivable is $145,000, the net receivables would be
a. $145,000.
b. $144,580.
c. $144,900.
d. $144,480.
b
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The net income for the period would appear in the cash flows from financing activities section of a statement of cash flows prepared using the indirect method
Indicate whether the statement is true or false
A firm estimates that it will receive cash flows from a new product of $25,000 in Year 1, $22,000 in Year 2, and $19,000 in Year 3. If a discount rate of 8% is assumed, what is the NPV of this product’s cash flows?
a. $71,280 b. $57,092 c. $66,000 d. NPV cannot be determined from the information given
Fatima enjoys online shopping as it allows her to buy things from a wide range of options from the convenience of her home. She recently bought a food processor online. In this scenario, Fatima is involved in _____.
A. business-to-consumer e-commerce B. business-to-business e-commerce C. business-to-government e-commerce D. consumer-to-consumer e-commerce
Mandatory vesting under ERISA means that an employee:
a. must retire at a company-appointed time b. must retire at the first sign of major illness c. may not receive benefits unless he has worked for no other employer during the course of his working life d. is unable to leave the employ of the person holding her vested interest e. none of the other choices