Answer:
$487,500
Explanation:
The write off does not affect the realizable value of accounts receivable . Neither total assets nor net income is affected by the write off or specific account. Instead both assets and net income are affected in the period when bad debts expense is predicted and then recorded with an adjusting entry.
Accounts Receivable $ 3250,000
Less Allowance for Doubtful Accounts $ 3250,000*1% = 32,500
Estimated Realizable Accounts Receivable $ 3217500
But if the amount of the bad debts decreases or increases as is given below then the the income is also increased or decreased by the amount given
Bad debts = $ 32,500
Uncollectibles previously written off= $ 27,800
Difference $ 4700
Net income $ 487,500
Less Difference $ 4700
Reported Income $ 482,800
Answer:
Based on the answer to the question, the only one of the given terms of trade (that is, price of stained glass in terms of jeans) that would allow both Sweden and Italy to gain from trade is 8 pairs of jeans per pane of stained glass because 8 pairs is more than 4 pairs, which will be attractive to ITALY and is less than 10 pairs which is a cheaper cost for SWEDEN.
Explanation:
1. Italy's opportunity cost of producing a pane of stained glass is 4 pairs of jeans while Sweden's opportunity cost of producing a pane of stained glass is 10 pairs of jeans
2. By comparing the opportunity cost of producing stained glass in the two countries, you can tell that SWEDEN has a comparative advantage in the production of stained glass and ITALY has a comparative advantage in the production of jeans.
3. Suppose that Italy and Sweden consider trading stained glass and jeans with each other. Italy can gain from specialization and trade as long as it receives more than <u>4 Pairs </u>of jeans for each pane of stained glass it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more than 0.1 pair of stained glass for each pair of jeans it exports to Italy.
4.Based on the answer to the last question, the only one of the given terms of trade (that is, price of stained glass in terms of jeans) that would allow both Sweden and Italy to gain from trade is 8 pairs of jeans per pane of stained glass because 8 pairs is more than 4 pairs, which will be attractive to ITALY and is less than 10 pairs which is a cheaper cost for SWEDEN.
Answer:
"Zero point zero zero zero three five four"
Explanation:
When you say the numbers after the decimal, you read each digit separately.
This is opposed to the number before the decimal, where you read the numbers together. (For example, 45.56 is forty-five point five six).
"Chapter 13" form of bankruptcy allows a debtor with a regular income to extinguish his or her debts from future earnings or other property over a period of time.
<h3>What is chapter 13 form?</h3>
An individual with steady income may alter their debts under this chapter of the Bankruptcy Code. Generally three to five years, Chapter 13 enables a debtor to maintain their assets while paying down their debts.
The benefits of filling chapter 13 form:
- You might be able to extend the time you pay off your debt, lower the amount you pay each month, or give up a piece of property you're paying off.
- Additionally, after you successfully finish a Chapter 13 repayment plan, certain creditors can no longer require full payment from you.
To know more about bankruptcy, here
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Unearned revenues are general revenues that Liabilities created when a customer pays in advance for products or services before the revenue<span> is earned
If a client pay us for our service in advance, we now have an obligation to provide services that we must fulfill in the future.
In accounting, we could consider this obligation as a liability which will be recorded in credit when it increased.
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