B. When it is due to be paid within one year.
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Answer:
B) increases in spending to fight a recessionary gap may occur too late.
Explanation:
Time lags refers to the time that passes between making a decision and implementing the decision. For example, the FED announces its intention to increase or decrease their interest rate with a lot of anticipation, and sometimes it would be better if they just did it.
Politicians are famous for talking a lot and doing very little, and that happens in every country in the world. During recessions words aren't needed, actions are needed. The problem is that many times words are abundant and actions are scarce. A small problem that is not dealt swiftly and properly can become a huge problem.
Answer:
$72,600
Explanation:
Ending balance of the account receivable can be calculated by adding credit sales in beginning balance and deducting any account receivable written-off.
As we have the ending balance of account receivable, we need to calculate credit sales by following formula:
Account receivable Ending Balance = Account receivable Beginning Balance + Credit Sales - Bad Debt - Ending Balance
$320,000 = $260,000 + Credit Sales - $12,600
$320,000 = $247,400 + Credit Sales
Credit Sales = $320,000 - $247,400 = $72,600
