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Andrews [41]
3 years ago
10

At the beginning of january of the current year, little mikey's catering ledger reflected a normal balance of $52,000 for accoun

ts receivable. during january, the company collected $14,800 from customers on account and provided additional services to customers on account totaling $12,500. additionally, during january one customer paid mikey $5,000 for services to be provided in the future. at the end of january, the balance in the accounts receivable account should be:
Business
1 answer:
ira [324]3 years ago
4 0
<span>The accounts receivable balance should be $44,700 which is calculated by starting with the current balance of $52,000, subtracting the $14,800 in collections (which lowers the balance), adding the $12,500 of additional debt (which raises the balance), then finally subtracting $5,000 for the money collected on a future debt.</span>
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7 0
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3 0
3 years ago
Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can
Gre4nikov [31]

Answer:

a.Georgeland has an absolute but not a comparative advantage in producing clothing.

Explanation:

A country has a comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.

A person has an absolute advantage in production if it produces more quantities of the good when compared with other countries.

Georgeland produces more quantities of both food and clothes when compared to Alland, so it has absolute advantage in both activities .

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The opportunity cost of georgeland producing food = 18 / 36 = 0.5

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the opportunity cost of producing food = 16 / 32 = 0.5

Neither countries don't have a comparative advantage in the production of either clothes of food bedside they have the same opportunity costs in both activities.

I hope my answer helps you

7 0
3 years ago
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Anarel [89]

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The most risky would be speculative stocks.

The order from least risky to most risky would be:

1. A rated bonds

2. Property

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4. Speculative stocks


3 0
3 years ago
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3 years ago
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