Answer:
finance , social life , academics and personal life
Amount will be recognized as net accounts receivable on the balance sheet as of November 30-- $2730
Explanation:
First of all, the order received from Tinley High School has not been delivered by the end of November ,hence the value of the order is irrelevant for the purpose of calculating net accounts receivable at the end of November.
However, out of the goods of $3080 sold to Palos Middle School,$350 worth has been returned as defective,leaving a balance of $2730 ($3080-$350).
For Palos to be entitled to the discount of 2% they should have made payment by 24th November,which never happened,as a result the accounts receivable stay at $2730.
What Is Net Receivables?
Net receivables are the total money owed to a company by its customers minus the money owed that will likely never be paid. Net receivables are often expressed as a percentage, and a higher percentage indicates a business has a greater ability to collect from its customers.
How do you calculate net accounts receivable?
You calculate net receivables by subtracting allowance for doubtful accounts from accounts receivable (A/R) on the balance sheet. The formula is A/R – allowance = net receivables.
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Answer:
I don't think I can do that for me but its not my fault I'm sorry
Answer: Real GDP is not influenced by price changes, but nominal GDP is
Explanation:
Gross Domestic Product is the amount of final goods and services that a country produces domestically within a certain period which is usually a year.
There is Real GDP and Nominal GDP.
Real GDP is Nominal GDP adjusted for inflation while Nominal GDP is GDP for the year with current prices.
When Inflation occurs, it can have the effect of overstating the growth of an economy because it values the final goods higher than the previous period even if the economy may not have grown.
Real GDP is better therefore because it removes this inflationary effect (price change) thereby allowing us to see if indeed the Economy has grown and is producing more by standadizing the prices across the periods being compared.
