The total gains from trade are 66 dishes of pasta and 66 pizzas an hour.
Explanation:
A calculation of the net income from trade is the amount of the surplus of the customer and the earnings of the manufacturer or, more generally, the enhanced efficiency of the specialization of production with the subsequent export.
Trade gains can also apply to the net benefits of reducing barriers to trade, such as import tariffs, for a region.
To measure the income, take the price at which you sell the investment and deduct from it the price you originally charged for it. Now that you've got the income, split the income by the original value of the investment. Finally, subtract the response by 100 to adjust the percentage of your investment.
Answer:
$53,000
Explanation:
Data given in the question
Beginning Accounts Receivable = $26,000
Credit Sales = $130,000
Collections of credit sales = $87,000
Write-offs = $16,000
So
As we know that
Ending Accounts Receivable = Beginning Accounts Receivable + Credit Sales - Collections of credit sales - Write-offs
= $26,000 + $130,000 - $87,000 - $16,000
= $53,000
Answer: Please refer to the explanation below for the full answer.
Explanation: The allowance for doubtful debts acts as a holding account for any accounts in the Accounts Receivable that might not be collected. In other words any accounts that are written off as bed debts will be removed from this account.
Reasons why this account can become very large in relation to the Accounts receivable are:
1. An incorrect or high percentage may be used to estimate accounts that may be written off as bad debts. This can lead to an unnecessarily high allowance for doubtful debts account.
2. There might be an error in the overall calculations done.
3. A large amount of old bad debts that have not been removed from this account may still be sitting in the account.
4. Fraud
Although we do not have access to the chapter, we can provide a generalized answer in that people can still be motivated to buy watches today as an accessory from a fashion standpoint.
<h3>What are some motivations today for purchasing a watch?</h3>
In this digital age, watches are no longer purchased mainly for their functional aspects given that smartphones can more than suffice. However, as all marketing for watches will prove, the principal motivation for watches today is fashion. Watches now serve as an accessory to complete any outfit, and as is the case with diamonds, a more expensive watch will occupy the role of a lucrative accessory, drawing the desired attention.
Therefore, we can confirm that people can still be motivated to buy watches today as an accessory from a fashion standpoint.
To learn more about fashion visit:
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