Which bank has the best rating, which bank has the qualifications you want in a bank
Answer:
d. there will be both a debit and a credit to accounts receivable.
Explanation:
Bad debt is defined as the portion of accounts receivable that is considered to be lost and is written off as a loss to the business within a given period.
When a bad debt is written off it impacts directly on the profit of the business.
If an account has been collected after previously being written off, there will be a credit to accounts receivable to show an increase in a recievable by the business.
Also there is a debit to accounts receivable to show that the recovered funds has been moved to profit or revenue account of the business.
Answer:
The rate of return on the investment is 10.79% per year
Explanation:
The rate of return on the bond can be calculated using the future value formula, which is given as :
FV=PV*(1+r)^N
FV future value is the value of investment at redemption at $25000
PV is the current price of the bond now at $4,850
r is the rate of return on the bond which is unknown
N is th number of years the bond matures which is 16 years
25000=4,850*(1+r)^16
divide both sides by 4850
(25000/4850)=(1+r)^16
divide the exponential on both sides by 16
(25000/4850)^1/16=1+r
1.107930178
=1+r
r=1.107930178
-1
r=0.10793
r=10.79%
Answer:
B. a change in the money supply changes real variables but not nominal variables
Explanation:
Money neutrality is an economic theory that says that money supply only affects nominal varabmles but not real variables.
