Answer:
$510,560
Explanation:
AFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
- A = assets = $4,000,000
- S = sales = $7,600,000
- L = liabilities that vary according to sales level = $450,000 + $450,000 = $900,000
- Δ Sales = change in sales = $9,120,000 - $7,600,000 = $1,520,000
- PM = profit margin = 4%
- FS = forecasted sales = $9,120,000
- d = payout ratio = 70%
AFN = ($4,000,000/$7,600,000) x ($1,520,000) - ($900,000/$7,600,000) x ($1,520,000) - (4% x $9,120,000 x (1 - 70%)) = $800,000 - $180,000 - $109,440 = $510,560
Answer:
$2000 (Debit)
Explanation:
Opening balance = $22000 (Credit)
LESS: Actual Bad debt = 24000 (Debit)
Closing Balance = 2000 (Debit)
Three reasons that the Protectionist offer to support their position
is as follows: Imposing tariffs, campaign to support use of countries own
produced products, and controlling the exchange rate in their country. This policies
and reasons help their country to protect their own goods and will help their
economy rise.
Answer:
Financial Accounting Standards Board
Explanation: