Answer: Japan has the higher real interest rate.
Explanation:
Japan:
Nominal interest rate = 5%
Inflation rate = 2%
Real interest rate = Nominal interest rate - Inflation rate
= 5 - 2
= 3%
United States:
Nominal interest rate = 7%
Inflation rate = 6%
Real interest rate = Nominal interest rate - Inflation rate
= 7 - 6
= 1%
∴ Japan has the higher real interest rate.
Companies persisted for so long because business managers kept a good readout way for governors
Answer:
a. First calculate the adjusting entry to record allowance.
Uncollectible for the year is;
= (303,000 * 1%) + (42,000 * 5%) + (17,000 * 15%) + (8,000 * 40%)
= $10,880
Adjusting entry = Uncollectable amount - Credit balance on allowance
= 10,880 - 4,200
= $6,680
DR Bad Debt Expense $6,680
CR Allowance for Doubtful accounts $6,680
b.
Current Assets:
Accounts Receivable $370,000
Less: Allowance for doubtful accounts ($10,880)
$359,120
Current Liabilities
Customers Overpayments $5,100
The current liability above arises from the credit balance of $5,100 in the Accounts receivable account. Accounts Receivable should have a debit balance so if a credit balance occurs it is an overpayment by a customer.
The job specification for the job that we have here is: requires strong oral communication
<h3>What is a job specification?</h3>
This is the term that has to do with all of the physical qualities that a person would need to have in order to have them qualified to do well in a given job.
The specification helps to tell all of the qualities that the person needs to have. In the question that we have here, the quality that the candidate is to have is the ability to be able to communicate well.
Others are based on experience and the qualification that the candidate possesses.
Read more on job specification here: brainly.com/question/4677114
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Complete question
'While performing a job analysis, Lilia, the human resource manager, wrote the following job description and job specification: "Entry level accountant. Responsible for general ledger accountability, (GAAP), financial reporting and analysis, and other special projects as assigned. Requires strong oral and written communication. This is a full-time, entry-level position. Candidate must have a two-year degree or equivalent work experience; recent college grad with B.S. in accounting or finance." What is the job specification for this position?
Multiple Choice
requires strong oral and written communication.
two-year degree or equivalent work experience; recent college grad with B.S. in accounting or finance
entry-level accountant
full-time employee
Answer:
Doing a financial statement analysis.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Financial statement analysis can be defined as the process of analyzing, estimating and reviewing the financial statements of a business firm or organization in order to make better economic decisions and profits in the future.
Hence, when creditors, managers, and investors look at expenses as a percentage of revenue, they are doing a financial statement analysis.
