Answer:
To obtain the same returns, the interest rate in the United States should be 7.5%.
Explanation:
Since $ 1.58 dollars is equal to $ 1 euro, the difference between both currencies arises from the following calculation:
1 = 100
1.58 = X
((1.58 x 100) / 1) = X
158/1 = X
158 = X
Therefore, a euro is worth 58% more than a dollar is worth.
Thus, if the investment in Europe has an interest rate of 4.75%, to obtain the same return in dollars, an interest rate of 58% must be obtained, that is:
4.75 x 1.58 = X
7.5 = X
Thus, to obtain the same returns, the interest rate in dollars should be 7.5%.
Answer:
$67.50
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Using the percentage of sales method, estimated bad debt for the year
= 1.5% × $4500
= $67.50
Answer:
Keep records of your recommendations and a written response from Eric
Explanation:
From the question, we are given an instance of a client, Eric,who is interested in purchasing an industrial property to start a new business. I have recommended that soil, air, and water testing be done, but Eric is on a tight budget and doesn’t feel these tests are necessary. In this case, I should Keep records of my recommendations and a written response from Eric. Since he's trying to invest by buying the property, then a record of all recommendation must be kept as as well as all expenses with the knowledge of accounting. And since this is a contract it should be in written form to be formal.
