The statement that the percent sales method for estimating bad debts for a company, will only use those balances in the income statement is False.
<h3>What is the percent of sales method?</h3>
The percent of sales method is one of the methods that companies can use to estimate the bad debts that it expects in a given period. Bad debts refer to those Account Receivables that will not pay the company back even after they have taken goods or services on credit. In order to be able to use the percent of sales method, the sales of a company need to be known.
The sales that a company makes includes both the sales that the company made and the accounts receivable. The Accounts Receivables go to the Balance Sheet and Sales go to the Income Statement. This means that the Balance Sheet balances are used as well as Income Statement balances and not just the latter.
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Answer:
Production Possibility Frontier (PPF or PPC)
All points inside PPF are inefficient points. These points are attainable (e.g., point U), but they are not using the resources at the fullest.
Answer:
The correct answer is 8%.
Explanation:
According to the scenario, the computation of the given data are as follows:
Let 1 year Treasury securities = t
So, Four year Treasury = [(Yield of 3 years Treasury × No. of year) + ( t × No. of year)] ÷ Number of year
So, by putting the value, we get
6.5% = [(6% × 3) + ( t × 1)] ÷ 4
[(6% × 3) + t] = 6.5% ×4
t = 8%
So, the rate on 1-year Treasury securities three years from now is 8%.
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