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3 years ago

G why is the future value always more than the present value?

1 answer:

3 0

The future value is always more than the present value because the value of the dollar can be higher in the next day. plus it can be adding the interest in the future value.

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what do people mean when they say that it is better to balance the economy than to balance the budget?

hammer [34]

I guess because the economy falling apart and the budget keeps going up.

7 0

3 years ago

On June 1, 2018, Perfect Performance Cell Phones sold $ 17,000 of merchandise to Ashton Trucking Company on account. Ashton fe

inn [45]

Answer:

See answers and explanation below.

Explanation:

1. Journalize the transactions for High Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold.

Date Details Dr ($) Cr ($)

1 Jun. 18 Account receivable 17,000

Sales revenue 17,000

To record sales to Ashton Trucking Company on account.

15 Jul. 18 Cash 6,000

Account receivable 6,000

To record cash received from Ashton Trucking Company.

5 Sep. 18 Bad debt 11,000

Account receivable 11,000

To record accounts receivable from Ashton written off.

5 Mar. 19 Account receivable 11,000

Bad debt 11,000

To record transfer of bad bad back toaccounts receivable.

5 Mar. 19 Cash 11,000

Account receivable 11,000

To record cash received from Ashton Trucking Company.

2. What are some limitations that High Performance will encounter when using the direct write-off method?

a. It is not in line with the matching principle. This is because bad debt expenses will not be reported in the same period they are incurred and might not be realized as bad expenses until the following period.

b. It can cause inaccurate balance sheet as it does give the actual amount of accounts receivable of a company.

c. It method of recording violates GAAP and financial statements does to present the actual financial performance of the business.

d. It overstates accounts receivable as the full amount of amount owed to the company from credit sales will be reported as accounts receivable.

6 0

3 years ago

Countries that are partly industrialized but extract profits from poor countries to pass on to core countries are called?

Alenkasestr [34]

Semiperipheral countries. they have traditional values and institutions.

<h3>What is Semi-periphery countries?</h3>

According to world-systems theory, the industrialising, primarily capitalist countries that are situated halfway between the periphery and the core countries are the semi-periphery countries, also known as merely the semi-periphery.
Semi-periphery countries are frequently situated physically between core and peripheral regions as well as between two or more competing core regions.
They have organisational traits with both core countries and periphery countries.

<h3>What do you mean by semi-peripheral regions?</h3>

Semi-peripheral areas in world systems theory are those that are situated halfway between the core and the peripheral.
The organisational structure of these nations or areas is made up of both core and peripheral nations, and they are frequently situated geographically between two or more core nations.

Learn more about Semi-periphery countries here:

brainly.com/question/16191479

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5 0

1 year ago

Some hoodlums who have been earning money by stealing copper pipes and cable and selling them to recyclers are driving around on

icang [17]

Answer:

Yes they have

18 U.S. Code § 32 (a) Clause 3

Explanation:

With aviation being such a sensitive field that requires a lot of oversight, Congress enacted rules to punish aviation crimes which means that such crimes fall under Federal jurisdiction and as this crime is a crime against an aviation facility, it is a Federal crime.

The crime in question here falls under US. Code 32 - Destruction of aircraft or aircraft facilities under subsection (a)3 which talks about damaging an air navigation facility and how this can endanger the safety of flights en route.

Their punishment would be either a fine, imprisonment of not more than five years or both.

4 0

3 years ago

Rules that prevent the creation and behavior of are called antitrust laws.

iVinArrow [24]

To prevent monopolies. The law was also created to make competition in the market place.

6 0

3 years ago

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