Answer:
[(Accounts receivable at the beginning of the year + $138,000) - $144,000] - cash realizable value at the beginning of the year
Explanation: The question is incomplete but just apply the missing figures: [(Accounts receivable at the beginning of the year + Sales on account - Collections on account - write off) - bad debt] - cash realizable value at the beginning of the year
[(Accounts receivable at the beginning of the year + $390,000 - $230,000 - $22,000) - $144,000] - cash realizable value at the beginning of the year
<span>The value of ownership built up in a home or property that represents the current market value of the house less any remaining mortgage payments. This value is built up over time as the property owner pays off the mortgage and the market value of the property appreciates.</span>
Answer:
The correct answer is A. In promoting free trade, the author seems to be supporting fair and responsive standards to reduce trade barriers.
Explanation:
Free trade is trade that is not regulated by tariffs, import quotas or other similar trade policy measures. The opposite of free trade is protectionism.
The vast majority of economists in the scientific community are in favor of free trade, stating that it has a positive impact on economic growth and the level of development, while protectionism has a negative impact on growth and the level of wealth.
Free trade exists among other EU member states. It is also possible to consider trade within a country as free trade. The countries with the lowest tariffs as a share of total foreign trade are industrial countries such as the EU countries, Canada and Australia. However, these apply very high tariffs on agricultural products and textiles. Developing countries in Latin America, Africa and Asia have higher tariffs.
To solve this probem, let us dissect this step by step.
First: Latimer company borrows $50,000 from the bank
In the perspective of Latimer company, the amount of
$50,000 can already be considered as cash on hand since they are the one
borrowing money and they already have it. So we can see that it actually
increases the asset or expense account of Latimer company. However, it may be
an asset or a cash on hand yet it is a debt. Therefore this is called as debit
cash.
So the record is: Debit Cash for $50,000
Second: Latimer company signs a note that will be paid in
three months
We can see that the note is still to be paid, hence it is
called “payable”. Since it decreases the asset of the company, it is called a
credit. The complete description to record would then be: Credit Notes Payable
for $50,000
Combining the first and second parts, the complete company
record is:
Debit Cash for $50,000 and Credit Notes Payable for $50,000
Answer:
No, Anne can't do this.
Explanation:
Anne is acting as an agent which means there's a principal -agency binding contract and underlies the laws and duties that Anne has to perform keeping in her mind. Anne's duty is to act for the benefit of the principal i.e. owner of Marshall mechanical contractors ,such a duty is called fiduciary duty. A duty based on trust and loyalty.
So if Anne were to go and buy the land using confidential information and acting against her duties levied on her by law ,it would be a violation of fiduciary duty .