Answer:
Explanation: from the above question, the inability of management to collect any outstanding debt from a customer after a particular time frame is termed a bad debt and it can be written off the books of the company.
From the question above, management determined that it will not be able to collect the $1,200 owed to it by one of its customers.
To write this amount off the books,
Debit : Account receivable $1,200
Credit: bad debit written off $1,200
The bad debt written off is an expense account where the amount uncollectible is expensed from the books of the company.
The answer is true. Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort.
In the world of finance, investing is done in order to profit from the asset being put to use. A gain (profit) or loss realised through the sale of a home or investment, unrealized capital value (or loss), investment income like dividends, interest, or rental income, or a mix of capital gain and income may all be included in the return. The return may also include foreign exchange profits or losses.
To learn more about Investments, click here.
brainly.com/question/15353704
#SPJ4
Answer:
Present value Discount rate 7% Discount rate 0%
Cash stream A $1,217.11 $1,500
Cash stream B $1,239.27 $1,500
Explanation:
Since there is two cash stream i.e A and B and we have to find out the present value of each cash stream through a discount rate of 7% and 0%
The workings are shown in the attached spreadsheet
Plus the discount factor is computed by
= 1 ÷ (1 + rate) ^ years
For Year 1 = 1 ÷ 1.07^1 = 0.9345794393
For Year 2 = 1 ÷ 1.07^2 = 0.8734387283
and so on
Answer:
a. no salutations
Explanation:
the main feautures of a memorandum are;
- no inside address (address of the addressee)
- no complimentary close
- no salutations and most often
- the signature of the sender is omitted
a. Situational needs
b. Functional needs
c. Social needs
d. Psychological needs
e. Knowledge needs
Answer:
b. Psychological needs
Explanation:
-Situational needs are the ones that are related to the customer's environment, place and time.
-Functional needs are the basic ones people need to be able to live.
-Social needs refer to the need people have to relate to the others.
-Psychological needs refer to things pople need for their well-being and being able to function properly.
-Knowledge needs refers to the ones related to learning new things.
According to this, the need the buyer is expressing is a psychological need because your prospect says that they are interested in the product because it is the one best suited for a particular task. The prospect could be able to buy a similar product from someone else but as they consider this as the best one, buying it will make them feel good.
