Answer:
$52,320.00
Explanation:
Income statement schedule for the year
year ended December 31, 2014
Expenses resulting from accounts receivable (400000*80%*3%+12720)
$22,320.00
Loss resulting from A/R sold (300000-270000) $30,000.00
Total Expenses $52,320.00
Answer:
=10%
Explanation:
Real GDP per capital is the GDP per individual in an economy. The formula for calculating real GDP per capital is
Real GDP per capital real GDP/ population
Last year real GDP per capital would be 907,500,000,000/ 3,300,000,000
=907,500/ 3,300
=275
the previous real GDP is 750,000,000,000/3,000,000
=750,000/3,000
=250
increase in GDP is 275-250= 25
Percentage increase
=25/250 x 100
=0.1 x 100
=10%
Solution:
Given,
Total assets = $6408000
Net income = $503000
Now , to calculate corrected amount for total assets and net income for the year :
503000 + 137000 = 640,000
The corrected amount for total assets and net income for the year : 640,000
Answer:
b.
Explanation:
Based on the information provided within the question it can be said that this is a liquidated damages clause if the amount is a reasonable estimate of the loss on a breach. This a safety feature placed in order to recover money lost on the negligence of the party that breached the contract, so that the other party does not suffer much loss.