Answer: Option D
Explanation: In the given case, southwestern has been displayed as an american organisation . Therefore, it cannot employ any non citizen who do not have proper kind of paper work done that is needed by the authorities of the country.
Hence, the geographic advantages regarding employment does not mean anything in front of the legal formalities and rules that resides in the economic area.
Answer:
$238,600
Explanation:
Firstly, we need to compute the amount of bad debt
= Credit sale × Bad debt expense
= $2,000,000 × 2%
= $40,000
The adjusted balance of allowance will be the addition of unadjusted balance of allowance account and the bad debt expense
= $21,400 + $40,000
= $61,400
The , the balance will be :
Accounts receivables = $300,000
Less: Allowance for doubtful account = ($61,400)
Net realizable value of account receivable = $238,600
Consumers pay less in interest, meaning more money to spend. It creates a ripple effect of increased spending throughout the economy
A chart of accounts is a listing of all accounts used by a company. The listings are numbered in no particular order but show all of the accounts the company uses to help run theirs. Each lets you know whether it has a debit or credit monetary effect on the business and an explanation of exactly what the account purpose is.
