What could mean above is that the events that is happening to Patricia's life is an opportunity. It is an opportunity for it enables a person to do the things he or she wants with the circumstances that has been given to him or her. It could be described in the scenario above as a global company approach her into selling her products to their shop in which it could make her reach the goal that she has always wanted.
Answer: $7,740
Explanation:
Given, At December 31, Accounts receivable = $238,000
Allowance for uncollectible accounts = 3% of (accounts receivable)
∴ Allowance for uncollectible accounts = 3% of ($238,000 )
=$(0.03 ×238,000) [3% = 0.03]
= $ (7140)
= $7,140
Allowance for uncollectible accounts (credit) before any adjustments= $600
The amount of the adjustment for uncollectible accounts = Allowance for uncollectible accounts + $600
= $7,140 + $600
= $7,740
Hence, The amount of the adjustment for uncollectible accounts would be: <u>$7,740.</u>
Answer:
Invnetory TurnOver 10
Average inventory 36.5
Explanation:
300,000 / 30,000 = 10
The company sales his inventory 10 times per year
In some cases, we are given with a beginning and ending inventory.
For those, we calculate the average inventory:
(beginning + ending)/2
365/10 = 36.5
The average the inventory age is 36.5 days
365 are the days of the year, and the inventory Turnover are the times per year the inventory is being sold.
we divide one fro manother to get a metric in days of how much the invneotry is in store before being sold.
Answer:
Explanation:
In finance, short selling (also known as shorting or going short) is the practice of selling assets, that have been borrowed from a third party with the intention of buying identical assets back at a later date to return to the lender.
So in the given scenario the investor would be at lose of
Selling price = 3.74 per bushel
Purchase price = 3.61 per bushel
therefore lose of $ 0.13 per bushel you need to pay off.
Answer:
Passive income is money earned on an investment, or work completed in the past that continues to make money without any additional effort. Active income, on the other hand, is money earned in exchange for performing a service. I would think active income is easier because it allows you to earn an income quickly and consistently. Passive income can take years to build.
Explanation:
