Answer:
A) Allowance method of accounting bad debts
Explanation:
Based on the allowance method, the bad debts should be calculated on either credit sales i.e. income statement method or receivable aging method i.e. balance sheet method. Also, the account receivable should be recognized at net realizable value
Therefore the allowance method of accounting bad debts is an answer
Answer:
$458,822
Explanation:
The formula to compute the future value is shown below:
Future value = Amount (1+i)^n -1 ÷ i)
where,
Interest rate = 8% ÷ 12 months = 0.6666%
And, the number of months = 35 years × 12 months = 420
Now put this value to the above formula
F = $100 × (1 + 0.6666%)^420 - 1 ÷ 0.6666%
After solving this,
the answer would be $458,822
Answer:
The price decreased in a 29%
Explanation:
For solving this problem we need to use a rule of three so imagine that the regular price ($75.99) represent a 100% because it is the total and represents the case for our calculations. Now we need to calculate which percentage does $53.99 represent for this we do a rule of three.
$75.99 --> 100%
$53.99 --> X (percentage that the new sell represents)
For solving this rule we have:
= 71%
This is the percentage that the new price represent, so to calculate the percentage decrease we should substract the total (100%) from the percentage the new price represent (71%) then we have:
Percentage decrease = 100% - 71% = 29%
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Answer:
A low price signals to consumers that they should buy a good
Explanation: