Answer:
Net worth is the value of all assets, minus the total of all liabilities. Put another way, net worth is what is owned minus what is owed. it can help you identify areas where you spend too much money
Answer:
Tabor
Write-off of Uncollectible:
The effect of a write-off of an uncollectible is that the Accounts Receivable is reduced by the amount of the write-off and the Uncollectible Expense is equally increased, which results in increased total expenses and reduced net income.
Explanation:
When a specific customer's account is identified as uncollectible, the journal entry to write off the account is:
1. A credit to Accounts Receivable (to remove the amount that will not be collected)
2. A debit to Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)
Answer:
ATTACHED ANSWER
Explanation:
The budget constrain will show all the possible consumption considering the price of both product X and product Y
We have to calculate at X = 0 X = 40 and Y = 0
if X = 0 this means we don't buy any product X so is all used to purchase Y 100/5 = 20 units
at 40 units of X we got 40 x 2 = 80 dollars leaving 20 for Y therefore 20/5 = 4
At X = 40 and Y = 4 we find the other budget constrain
Last if Y = 0
if the mass consumption of X is penalized we consume 20/3 = 6.67 more units leading to 46.67
while if it is encourage we consume 20/1 = 20 more units
leading to 60 units in total
Trade finance is an activity lending issuing letter or credit factoring export credit and insurance
Pretty sure its D. Hope it helps