Answer:
a) Net income of $35,800
b) Net income of $45,000
c) Net loss of $23,000
d) Net income of $23,950
Explanation:
Net income is the difference between the revenue and expense.
Where revenue is more than expense, we have a net income otherwise, a net loss.
a) Net income = $71,300 - $35,500
= $35,800
b) Net income = $220,500 - $175,500
= $45,000
c) Net loss = $149,000 - $172,000
= - $23,000
d) Net income = $198,150 - $174,200
= $23,950
Accounts receivable, net of the allowance for doubtful accounts is called net realizable value.
<h3>What is net realizable value?</h3>
Net realizable value is the method of knowing the value of asset that is held as inventory. The purpose of this method is to avoid overstating or understating the value of an goods in inventory.
The net realizable value is the result of deducting the costs incurred in selling the goods from its selling price.
Hence, accounts receivable, net of the allowance for doubtful accounts is called net realizable value.
Learn more about net realizable value here : brainly.com/question/794345
Answer:
This is called:
Trade Restriction
Explanation:
Outsourcing to foreign markets can cripple domestic industries, increase local unemployment, and impose trade imbalance. To check excessive outsourcing, the federal government imposes tariffs. Such a trade restriction is considered necessary within the domestic economy. But it may be regarded as a restriction of free trade within the international community.
Answer:
Disposable Income
Explanation:
dis·pos·a·ble in·come
/dəˈspōzəbəl ˈinˌkəm,dəˈspōzəbəl ˈiNGˌkəm/
Learn to pronounce
noun
income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.
"the rents of tenants in work reached 21 percent of disposable income"
Answer:
The price of this car=$13,015.925
Explanation:
Given data:
Amount each year=$2,500
Time period=7 years
interest rate=8%
Required:
The price of this car=?
Solution:
The Formula we are going to use is:
Where:
PV is the price of car i.e present value
A is the payment made each year
n is the time period in which payments are paid
r is the interest rate
A=$2,500, r=8%=0.08, n=7
The price of this car=$13,015.925
