Answer:
The balance of accounts receivable on January 1, 2018 is $31,180.
Explanation:
The following are given in the question:
Percentage of allowance for uncollectible accounts = 3%
Credit sales = $125,000
Collections = $131,000
Amount written off = $180
Therefore, we have:
Account receivable on 31 December 2018 * 3% = $750
Account receivable on 31 December 2018 = $750 / 3% = $25,000
Accounts receivable on 01 January 2018 = Account receivable on 31 December 2018 - Credit sales + Collections + Amount written off = $25,000 - $125,000 + $131,000 + $180 = $31,180
Therefore, the balance of accounts receivable on January 1, 2018 is $31,180.
Because taxes keep some of the original impact of the tax, unlike spending multipliers, the spending multiplier is always one bigger than the tax multiplier. Any changes in consumer spending that follow any real GDP expansion or contraction brought on by the application of fiscal policy are referred to as the multiplier impact.
Any shift in aggregate demand will typically be significantly increased with a high multiplier, making the economy more unstable. Contrarily, with a low multiplier, changes in aggregate demand will not be amplified by a large amount, leading to a tendency for the economy to be more stable.
To learn more about tax multiplier
brainly.com/question/28140364
#SPJ4
Answer:
The correct answer to the following question is A holder in due course.
Explanation:
A holder in due course is said to be a legal term , which describes about the person who has in good faith obtained a negotiable instrument and he or she has exchanged something valuable for that instrument, but the person is unaware of the fact that there might be some defect in the instrument like in title of person who is negotiating that contract.
Our moral ideas are definitely influenced by the prevailing ones in society, ones which are reinforced by the news media on a daily basis. For example, the moral idea that it is acceptable to punish Venezuela for conducting its own internal elections is pushed in the media, and the UN non-interference in the internal affairs of other countries and respect for the sovereignity and territorial integrity of other countries is ignored. On the other hand, I believe it is becoming more acceptable for a white man to marry a non-white person and have the free choice to do so, though the Trump supporters don't believe this.
