Which of the following is a severe and long-lasting economic downturn that is worse and deeper than a recession?

In 2017, almost ________ of americans only used a mobile device to access the internet.

melisa1 [442]

Woo chick chin dry scary chick shy rii su do do tbh Gm tan Gn yum

4 0

1 year ago

The expense recognition (matching) principle, as applied to bad debts, requires: Multiple Choice That bad debts not be written o

Charra [1.4K]

Answer:

The use of the allowance method of accounting for bad debts.

Explanation:

We use the allowance method to match the expected ad debt with the sales or account receivables which generates.

As sales of a givne month can be declared uncollectible after several month using a direct method we are putting the burden of the uncollectible in another accounting period while leaving the one which did that sale untouched.

The allowance makesthe expense in the same time period thus, it follows the recognition principle.

5 0

3 years ago

Read 2 more answers

A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $14,000 eac

Alchen [17]

Answer:

Ans. the rate of return of this invesment is 3.5278% annual.

Explanation:

Hi, what we need to do here is to find the future value of all six payments, beginning when the child turns 12, which will end when he turns 17. One year later (when the child turns 18) he will receive $25,000 per year, for the next 4 years. This is the equation that we need to use (and solve for "r").

$\frac{A_{1}((1+r)^{6}-1) }{r} =\frac{A_{2}((1+r)^{4}-1) }{r(1+r)^{4} }$

Where:

A1=$14,000

A2=$25,000

So, everything should look like this

$\frac{14,000((1+r)^{6}-1) }{r} =\frac{25,000((1+r)^{4}-1) }{r(1+r)^{4} }$

As you can see, this would take forever to solve, so what we have to do is to use MS Excel, we have to use the "Goal Seek" function. Please check the MS Excel spread sheet attached to this answer.

Please use this function with the following parameters.

Set Cell: G7

To Value: 0

By changing cell: G2

Ans. 3.5278%

Best of luck.

Download xlsx

5 0

3 years ago

Which economist most supported the idea that poor workers would

Alla [95]

Thomas Robert Malthus is the economist who supported it the most

6 0

3 years ago

Read 2 more answers

Q 1.7: A small business owner has decided to form a ______________ after deciding that she wants to maximize revenue, minimize t

Vadim26 [7]

Answer:

Sole proprietorship

Explanation:

A sole proprietorship is a business form of an organization in which there is only a single owner who operates and controls the business. The main motive of every organization is to maximize revenue, minimize losses and taxes. Also it has unlimited liability

Therefore in the given situation, the sole proprietorship would be the appropriate and the same is to be considered

6 0

3 years ago