The correct answer is The U.S. currency has a predictable value.
Explanation: The reason why the United States has a fiduciary monetary system is because they has a predictable value in the future.
Answer:
c.The result is based on either a percentage of sales or an analysis of receivables
Explanation:
Generally, companies will choose between two approaches under the allowance method.
Percentage of Sales: Using historical data, a company examines the relationship between sales and uncollectible accounts receivable. If there is a fairly stable relationship between the two, a company will use the historical Uncollectible Accounts / Credit Sales ratio to estimate the bad debts expense in the current period.
This method is sometimes referred to as the income statement approach.
Percentage of Accounts Receivable: Using historical data, a company examines the relationship between accounts receivable and uncollectible accounts. Companies will oftentimes increase the accuracy of these estimates by looking at their aging schedule for patterns, rather than using a composite (or total) of their receivables
This method is sometimes referred to as the balance sheet approach
Answer:
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Explanation:
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This continent (apart from Europe) was Africa. It is also referred to as "scramble for Africa" in which the European countries (England, France, Portugal, Italy, Germany) were fighting each other over land in Africa.
