Answer:
The cash that was received from collections of accounts receivable is $872,600
Explanation:
Cash collections
= Begining A/R balance + Credit Sales - Ending A/R balance - write-offs
= $240,000 + $945,000 - $300,000 - $12,400
= $872,600
Therefore, The cash that was received from collections of accounts receivable is $872,600
Answer:
The answer is: Quantitative easing
Explanation:
Quantitative easing is a type of monetary policy in which the central bank purchases predetermined quantity or amount of government securities or other financial assets to increase the supply of money, encourage lending and investment and inject liquidity into the economy. It is a unconventional monetary policy which is used when the standard expansionary monetary policy is ineffective and during low or negative inflation.
<u>Therefore, the given policy is known as </u><u>Quantitative easing.</u>
Answer:
Jesse's Investment
<em>Journal Entries to record in the Partnership accounts
</em>
Account Titles Debit Credit
Accounts Receivable $46,500
($50,000 - $3,500)
Equipment(Agreed Price) $58,000
Allowance for Doubtful Debts $2,000
Jesse Capital Account $102,500
(Balancing Figure)
Tim's Investment
<em>Journal Entries to record in the Partnership accounts </em>
Account Name Debit Credit
Cash $21,000
Inventory (At Agreed price) $48,000
Tim Capital $69,000
I Think it’s a b or d it should be I Think it should help Try Those 3 options and see if it works
Answer:
$17,000
Explanation:
Data provided in the question
Suffered amount in damage = $17,500
Book value of the truck = $40,000
And, the deductible amount = $500
So, the amount reimbursement by his policy is
= Suffered amount in damage - the deductible amount
= $17,500 - $500
= $17,000
We simply applied the above formula so that the reimbursed amount could arrive
