Answer:
which of the following is not considered a credit?
overdraft fee
Explanation:
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The loan contribute negatively to her financial well-being is because it takes longer for here to finish paying off the credit.
Compounding. If you compound your interest, then your interest rate will go up, and you get more interest.
Answer:
True
Explanation:
It's True because you have to deduct from the total Accounts Receivable the balance in the Cr Allowance for Uncollectible Accounts estimated.
The company estimate that 2% of the total Credit Sales will be uncollectible, which is, $4,000, if we deduct this value of the balance of accounts receivable of $38,000, we have a Net Realizable Value of Accounts Receivable of $34,000
Credit Sales $ 200,000
Cr Allowance for Uncollectible Accounts $ 4,000
Dr Accounts receivable $ 38,000
Net Realizable Value of Accounts receivable $ 34,000
