Answer:
Amount of net income would be $28,050
Explanation:
First year:
Sales = $260,000
Write off = $4,000
Reported net income = $28,600
Second year:
Sales = $312,00
Write off = $4,800
Reported net income = $31,200
Amount of net income if the allowance method had been used, and the company estimated that 1-3/4% of sales would be uncollectible:
= $28,600 + $4,000 – ($260,000 × 1-3/4%)
= $28,600 + $4,000 - $4,550
= $28,050
The correct answer is On the market.
<span>After decreasing Nominal & Real GDP, the Federal Reserve will engage in Contractionary Monetary Policy. The answer is letter B. IF the Federal Reserve increases the amount of monetary growth, the economic theory shows that it will decrease in the short run but will increase eventually in the long run from their initial value.</span>
Direct financing occurs when you request for a loan from the same lender—typically a bank or other financial institutions.
In the case of direct financing, you will be given your particular loan or interest rate and informed of the total amount you must pay at the dealership. The adaptability and customizability of direct financing are two of its main benefits. Before or after shopping, you can submit as many loan applications as you like. Plus, when you deal with a lender directly, you have complete control over the procedure.
The fact that direct financing typically requires more time is one drawback. Additionally, make sure to conduct some research to identify your best options.
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