During the period, bad debts are written off in the amount of $14,500. Journal entry of the given transaction will be as follows.
Bad debt account will be debited and debtors account will be credited by $14500.
One of the most typical types of bad debt is credit card debt. Lenders issue credit cards, which let you make purchases on credit. These credit cards frequently have exorbitant interest rates that can soon become out of control.
Bad debt costs are typically listed on the income statement as a sales and general administrative expenditure. Accounts receivable on the balance sheet are reduced when bad debts are recognized, but firms still have the right to collect money if the situation changes.
Learn more about bad debts here
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So, let's see: if you invested 100 dollars into something, then with a return of 8%, you would have 108 dollars after a year.
An inflation of 103 % means that those 100 dollars are now equivalent to 103 - but you have more than this, 108 dollars! so You have more money and your purchasing power increased.
Answer:
compitition of the bussiness
CC stands for carbon-copy, and will include anyone in the CC field on the same email as people in the TO field.
While the rules on CC are not set in stone, usually it is used to keep people in the loop without expecting them to reply. So you might send an email about an appointment to your HR person who will reply, and just CC your boss so they know about the appointment.
Answer:
The percentage change in nominal GDP from 2013 to 2014 was 4.29%
The percentage change in real GDP from 2012 to 2013 was 1.48%
The percentage change in real GDP from 2012 to 2013 was higher than the percentage change in real GDP from 2011 to 2012. FALSE
Explanation:
In order to calculate this we just have to calculate the percentages with a rule of thirds:
To calculate the first one we use the nominal GDP which is the GDP with the current market value:
To calculate the change in real GDP we use the values adapted to a pre-agreed monetary value, in this case the dollar at 2009:
To calculate the 2011 to 2012 we insert the values:
So with this we know that it is wasn´t higher the percentage change from 2012-2013, than that of 2011-2012