Answer: b.when the payments for merchandise are to be made.
Explanation:
Credit terms refers to the payment terms which are mentioned on the invoice when a good is bought.
Credit terms are terms for when payments for merchandise are to be made. Credit Terms are made during sales on account. The credit term shows the discount rate tahts offered to the costumer and the time limit that the creditor is expected to pay.
The amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913
<h3>What is bad debts expenses?</h3>
Bad debt are debts owned to a business which cannot be recovered. Here, the customer has chosen not to pay this amount.
Computation of amount to be debited to Bad Debts Expense:
= Accounts Receivable, debit balance of $97,800 * 3% of outstanding accounts receivable at the end of the current year
= $97,800 * 3%
= $2,934
Then,
= $2,934 - $1,021
= $1,913
Hence, the amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913
Learn more about bad debts expenses here : brainly.com/question/18568784
Answer:
See explanation section.
Explanation:
Requirement 1
General Electric (GE) is always helping people with a variety of modern technology. Therefore, its main aim is to focus on technology that assists the world with a faster data collection medium. The company is converting its business towards technology. With the help of Jet engines and oil-refining material, it can generate electric power. The cloud-based software changed the whole company. Now, the company is monitoring only about technology to become a successful software servicing company.
Requirement 2
As the future of the world is getting modernized, General Electric company is focusing on software and the Internet of Things. GE is trying to take its customers base from traditional on-site manufacturing to digital software-based operations. The launch of sensor-generating data has revolutionized the success. Using cloud-based data make the company more productive and reliable. The overall thinking towards the future is superlative.
Requirement 3
General Electric company launched Predix in 2015 to accumulate data. The three decisions to use Predix are -
1. As Predix can operate on each cloud infrastructure, it can provide sensor and analyze the data quite quickly.
2. Since Predix is a high standard cloud-based protocol, it enables customers to join quickly to the mechanical market.
3. With the help of Predix, each customer can adjust the size and range of the current levels of use to understand their requirements.
Requirement 4
People like to use from all over the world, General Electric (GE) equipment. They also like to mix that equipment with other companies' equipment to produce a high-qualified machine. As people are using more GE equipment with others, it is discussing the customers to handle the GE related equipment for a permanent basis. Therefore, it is becoming a software company.
Answer:
The correct answer is (E) continued to pour money into the stock market in the belief that the American economy was
Explanation:
Inflation can affect cash flows to a greater or lesser extent, depending on their nature. Thus inflation could affect sales prices more, or costs. The entrepreneur generally fights inflation trying to reduce costs and maintain competitive prices, but he can not against generalized inflation in the economy, and consequently his cash flows could be, in real terms, increasingly lower, by the loss of the power to buy money. In this way, inflation encourages investments with rapid recovery and that require less capital investment.
Answer: The real GDP per person grew by 8%. Option C is the correct option
Explanation:
To calculate the real GDP per person, we have to calculate the real GDP growth rate in respect to the growth in population and deflator rate, then multiply it with the GDP growth.
GDP deflator = Nominal GDP ÷ Real GDP
The nominal GDP which includes the addition of population will grow by 4% since the population growth was 4%
GDP deflator increase by 6%
Therefore;
Real GDP = 4% ÷ 6% = 0.66667
THE REAL GDP PER PER PERSON
12% × 0.66667 = 8.00004%
Therefore the the real GDP per person is 8%, which is less than what he said.
