Answer:
I would save a quarter of it for university, I would pay off and debt then I would invest in shares and donate to charity. also buy a car.
Explanation:
this is a personal based question so it's what you would spend the mil on. this is what I would spend it on.
Answer:
$19,600.
Explanation:
The prudence concept of Accounting, also known as Conservatism Principle, requires management to record loss if there is an expectation to incur it. This principle gave birth to the concept of Bad Debts. Companies estimate the amount of Accounts Receivable that will not be collectible by Aging. An expense is recorded in the Statement of Profit or Loss by the calculated amount, whereas a credit entry to match the debit is charged to Allowance for Doubtful Account which is a contra-asset account to Accounts Receivable.
Oriole has estimated that $25,500 (2% of 1.26 million) of receivables will be uncollectible. A debit entry for Bad Debts is recorded in P&L and a credit to it will be charged to Allowance for Doubtful Account. This contra-asset account already has a opening debit balance of $5,900, the balance after adjustment for bad debts will be $19,600 (25,500 - 5,900).
Answer:
The correct answer is letter "A": Sometimes recessions are close together.
Explanation:
Recessions are downturn economic periods that are declared after two consecutive quarters with negative results. Recessions are not necessarily long-term periods. They sometimes are two consecutive slowdowns in the overall economy that last six months that later are followed by an uptrend. In some other cases, it takes years until there is a sign of recovery. For instance, in the U.S. during the '70s and '80s, there were two consecutive recession periods.