Answer:
True
Explanation:
It's True because you have to deduct from the total Accounts Receivable the balance in the Cr Allowance for Uncollectible Accounts estimated.
The company estimate that 2% of the total Credit Sales will be uncollectible, which is, $4,000, if we deduct this value of the balance of accounts receivable of $38,000, we have a Net Realizable Value of Accounts Receivable of $34,000
Credit Sales $ 200,000
Cr Allowance for Uncollectible Accounts $ 4,000
Dr Accounts receivable $ 38,000
Net Realizable Value of Accounts receivable $ 34,000
Answer:
An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit pension plan pays retirees 2.3% of the average wage times the years of service. The employee can expect to receive __$1,380_____ per year upon retirement.
Explanation:
a) Data and Calculations:
Average wage = $60,000
Number of years worked in the firm = 28 years
Defined benefit pension plan rate = 2.3%
Annual defined benefit pension plan = $1,380 ($60,000 * 2.3%)
Total benefit to be received = $38,640 ($1,380*28) or ($60,000 *28 * 2.3%).
b) This employee is expected to receive the total benefit of $38,640 for serving the firm for 28 long years under the defined pension plan, given the plan rate of 2.3% of the average wage.
Answer:
The utilization of the given topic is summarized throughout the below section.
Explanation:
- Event-driven programming language shall be used if the software doesn't somehow monitor the sequential order of such occurrence.
- The software circulation or activity was mostly directly guided to an external mechanism like a consumer or client (e.g. a GUI), a whole other method (e.g. a customer or a server).
<u>Included in the GDP of the U.S</u>:
- Honda assembly and sale of cars in the U.S.
- Old Navy purchases mannequins to display clothes
<u>NOT included in the GDP of the U.S:</u>
- Sales of wheat to Mrs. Baird's Bakery.
- Resale of used textbooks to college students.
- GM's assembly and sale of cars in Mexico.
- Ocean Spray purchases plastic to make bottles.
<u>Explanation</u>:
Gross Domestic Product (GDP) helps in measuring the production of goods and services in the country. The economic growth of the country is estimated by observing the GDP. One way to increase GDP is by increasing the literacy rate of the country.
Based on the given goods, the following can be included in the GDP of United States of America:
Assembly and sale of cars by Honda company in America.
Mannequins are purchased by Old Navy to display clothes.
Answer:
downward because quantity demanded is lower when the price to borrow money is higher.
Explanation:
In this scenario, loanable funds will be treated like other commodities in the market. As per the law of demand, demand for a product is inversely related to its price. An increase or decrease in price results in demand moving in the opposite direction. A demand curve represents the relationship between demand and price. It is downward sloping and shows the quantity demanded at various prices.
The interest rate is the price of a loan. It is the cost of borrowing money. A high-interest rate makes a loan expensive, thereby discouraging borrowers from borrowing. At Low-interest rates, loans become affordable and attractive to firms and households. Lenders are likely to issue more loans when interest rates are low.
