The administration of upstream and downstream association's with providers and clients to convey better incentive at less cost than the inventory network all in all.
Amount will be recognized as net accounts receivable on the balance sheet as of November 30-- $2730
Explanation:
First of all, the order received from Tinley High School has not been delivered by the end of November ,hence the value of the order is irrelevant for the purpose of calculating net accounts receivable at the end of November.
However, out of the goods of $3080 sold to Palos Middle School,$350 worth has been returned as defective,leaving a balance of $2730 ($3080-$350).
For Palos to be entitled to the discount of 2% they should have made payment by 24th November,which never happened,as a result the accounts receivable stay at $2730.
What Is Net Receivables?
Net receivables are the total money owed to a company by its customers minus the money owed that will likely never be paid. Net receivables are often expressed as a percentage, and a higher percentage indicates a business has a greater ability to collect from its customers.
How do you calculate net accounts receivable?
You calculate net receivables by subtracting allowance for doubtful accounts from accounts receivable (A/R) on the balance sheet. The formula is A/R – allowance = net receivables.
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It is not true that all governments have an "agricultural inventory", incentives are simply granted to produce in the field. This only benefits producers, who can sell their products at a lower price. The poorest can only access it by being an active part of the production process (sale-purchase).
Answer:
$19,500
Explanation:
Given that,
Bob's outside basis in Freedom, LLC, = $10,000
One-fourth share of the LLC's debt = $2,500
Bob's 704(b) capital account = $17,000
Tom bought Bob's LLC interest = $17,000
Tom's outside basis be in Freedom, LLC:
= Amount paid for interest + share of LLC’s Debt
= $17,000 + $2,500
= $19,500
The answer is settling on morally revise business choices.