Answer:
January 24, 2022, Madonna Inc.'c account is written off
Dr Allowance for doubtful accounts 4,245
Cr Accounts receivable 4,245
the cash realizable value of the accounts receivable account:
- before the write off = $653,700 - $24,200 = $629,500
- after the write off = ($653,700 - $4,245) - ($24,300 - $4,245) = $629,500
The net balance of the account does not change because the allowance for doubtful accounts is a contra asset account that already decreased the accounts receivable balance.
Answer:
C. It results when the free market equilibrium quantity is higher than the optimal equilibrium quantity.
D. The open access to common resources results in their depletion through overuse.
Explanation:
The tragedy of the commons is a problem in economics that could be arise at the time when an individual reject the society well being for the personal motive. It would result in excess consumption and the depletion of the resources
So as per the given options, the option c and option d is to relevant as it directly linked to the meaning of the tragedy of the commons
Answer:
There are numerous estimates an organization can embrace to elevate the guidelines of inside controls, anyway not many of those are counted as under -
1. Due Diligence - nearly everybody would propose it yet the usage contrasts from organization to organization. The term incorporates wide exercises for example from improving nature of inner review to upkeeping of money related records and so on. Keeping a mind existing and old venture example would positively help in examining the reaction of speculations according to winning economic situation. Disservices of the procedure incorporate involvement of extra labor and cost.
2. Picking right Investment firms as well as Fund Manager - In the intricate business showcase which wins today, seeing the correct person appears as a troublesome activity. It is significant that we cautiously study not just the speculation designs and ensuing returns of the Investment firms/Fund Manager yet in addition foundation, capabilities and past legitimate records to show up at appropriate person for reasonable occupation. At times we pick a distrustful yet a fair person, which may prompt penance in momentary gains yet particularly in retirement assets with long haul objectives, security of assets accept need.
3. Choosing the money related items - Today there are various budgetary items accessible in the market, a significant number of them offer extravagant returns however the objectives of such monetary items must be re-adjusted to the objectives of the organization and its representatives. For the organization a nice return over since a long time ago run with high level of security is the target with regards to retirement reserves. The budgetary item should have a suitable blend of obligation, value and fluid assets and especially the part of obligation must increment with the age of a worker which will guarantee security of assets when he achieves superannuation. Drawback significantly remembers loss of profits because of less speculation for value during the last phases of vocation.
Answer:
PV= $35,217,78
Explanation:
Giving the following information:
Future value= $2,500,000
Number of periods= 63 years
Interest rate= 7% compounded annually
<u>To calculate the value of the prize today, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 2,500,000 / (1.07^63)
PV= $35,217,78
1.C.$15,345
2.c.23.61%
3.c. United States
4.false
5.B. Social Security
6.d. spending that must be authorized by Congress each year
7.d. raising payroll Texas or raising benefits
8.D.States increase taxes to fund education.
9.A.the money supply and interest rates that automatically increase or decrease along with the business cycle.
10.
