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3 years ago

A country's exports minus its imports during a period are:

1 answer:

6 0

Balance of Trade: A country's exports of goods and services minus its imports of goods and services. Trade Deficit: Occurs when a country's exports of goods and services are less than its imports of goods and services in a given period.

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You have been running a landscaping business called Trim Grass for about two years. You have developed a special blend of grass

Verdich [7]

Answer:

2222

Explanation:

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3 years ago

A manufacturer of lawn care equipment has introduced a new product. The anticipated demand is normally distributed with a mean o

Serjik [45]

Answer:Expected profit = $2657a

Explanation:

5 0

4 years ago

Galvin has deposited $879 in a savings account that earns interest at a rate of 1.8% compounded quarterly.what will the account

Tju [1.3M]

$1,130.28

Formula is A = P (1 + [r/n])^(nt)

A= 879 (1+ [.018/4])^(4*14)

A= 879 (1.0045)^56

A= $1,130.28

A = future total amount

P = principle (amount initially deposited)

r = the annual interest rate (decimal)

n = times that interest is compounded per year (quarterly is 4 times per year)

t = number of years

3 0

4 years ago

Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the

aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

3 0

3 years ago

At year-end (December 31), Chan Company estimates its bad debts as 0.50% of its annual credit sales of $823,000. Chan records it

Rudiy27

Explanation:

The journal entries are as follows

On December 31

Bad debt expense Dr $4,115 ($823,000 × 0.50%)

To Allowance for doubtful debts $4,115

(Being the bad debt expense is recorded)

On Feb 01

Allowance for doubtful debts Dr $412

To Account receivable $412

(Being the uncollectible amount is recorded)

On June 5

Account receivable $412

To Allowance for doubtful debts Dr $412

(Being the uncollectible amount is recorded)

On June 5

Cash Dr $412

To Account receivable $412

(Being the cash received is recorded)

5 0

3 years ago