Answer:
c) credit to Accounts Receivable - ZRT.
f) debit to Allowance for Doubtful Accounts.
Explanation:
As for the information provided,
We know in allowance method, provision is created as and when there are doubtful debts, for which entry is
Bad Debts Expense Account Dr.
To Allowance for doubtful debts.
And when the bad debts are actually written off then,
The entry will reduce the balance of accounts receivables and that of allowance as well.
Entry will be:
Allowance for Doubtful debts A/c Dr.
To Accounts Receivables.
Thus, correct options shall be:
Option c) and f)
Revenues - Asset
Expenses - Liability
Answer:
It would take 36 months
Explanation:
Based on the information given we were told that the dealership offers to lease the Honda Accord for 36 months which means that if Nigel have make a choice to lease the Accord by entering into a contract with the dealership after which the lease amount is paid by Nigel each month for 36 months in a situation were the contract terms cannot be possibly carried out within a year, Based on the terms of this contract between Nigel and the Honda dealership the performance of the contract would take 36 months because the Honda Accord lease deal is 36 months and secondly the lease payment is made every month for 36 months.
save for the first year of college LONG TERM GOAL
complete the current semester with
good grades SHORT TERM GOAL
accumulate $2,000 before the
semester ends LONG TERM GOAL
pay off at least one of the three
outstanding bills LONG TERM GOAL
complete the project assigned in
place of an upcoming exam SHORT TERM GOAL
Answer:
a. 0.7%
Explanation:
The computation in the change in the real exchange rate is shown below:
Change in the real exchange rate = {(1 + change in nominal spot exchange rate) × (1 + change in the price level of euro-zone or foreign country)} ÷ (1 + change in the price level of US or domestic country) - 1
= {(1 + 7.5%) × (1 + -4%)} ÷ (1 + 2.5%) - 1
= {(1.075) × (0.96)} ÷ (1.025) - 1
= (1.032) ÷ (1.025) - 1
= 0.7%
