Answer:
B) False
Explanation:
When the terms of trade improve, it means that a country is actually selling more goods and services to foreign countries than the total amount of goods and services it is importing from foreign countries. For every dollar that a country is exporting, it is importing less than 1 dollar. But this improvement in the terms of trade will actually result in an appreciation of the domestic currency. This means that for every dollar that you export, you will be able to import more goods from foreign countries.
Answer:
The correct answer is letter "B": There is no general rule for when an account becomes uncollectible.
Explanation:
Accounts Uncollectible represent any form of debt as a result of sales on credit that are likely not to be paid. Before classifying debt as uncollectible there is an unset timeframe that may go by.
At first, the sale on credit is considered an account receivable with a payment promise usually of 30 or 90 days. If three month passes but no payment is received, the account is considered aged receivables but if more time goes through without payment, the account then is labeled as doubtful.
Doubtful accounts become allowances if the company decides to take care of the payment of the debt with its own profit. <em>There is no set rule when an account receivable becomes uncollectible. It relies on the judgment of the firm.</em>
Answer:
okkkkkkkkkkkkkkkkkkkkkkkk
Answer:
a. asset (A)
b. liabilities (L)
c. equity (E)
d. asset (A)
e. liabilities (L)
f. equity (E)
g. equity (E)
h. liabilities (L)
Explanation:
A Balance sheet shows the balance of assets, liabilities and equity at the reporting date.
Assets are economic resources controlled by the entity such as equipment and cash.
Liabilities are obligation that arise such as wages payable and tax payable.
Equity is the residue after deducting liabilities from assets. it represents the owners contribution through equity and retained income.
Soft Serve ice cream has been around since the 1930's, with a large milk base proteins to achieve the desired soft texture. This style of ice cream is characterized by light flavor and rich creamy texture. To make soft serve ice cream you will need a combination of whole milk, heavy cream, sugar, salt, dry ice and your desired flavorings. You will need to blend the core ingredients together then churn in the crushed dry ice to achieve the desired texture. You can mix in a variety of fresh fruits in the blending process, and you can also juice them prior to the churning process.
