Answer:
Ophelia Inc.
Assuming that the company utilizes the allowance method, Ophelia should record a(n):
decrease in Accounts Receivable
Explanation:
This means that the accounts receivable will be credited while the allowance for doubtful accounts is debited to record the decreased value. The Patton Inc. account may not be recovered fully. However, the amount of the decrease depends on the amount that can be recovered from Patton. Thereupon, the accounts receivable will first be credited with the cash recovered with the corresponding debit entry in the Cash account.
knowing how to work with heavy machinery
Answer:
Make your list at the same time everyday so it becomes a bit Be specific of what needs to be done
Explanation:
hopes this helps :)
Answer:
Reverse mortgage
Explanation:
Reverse mortgage is a type of loan in which a borrower from 62 years and above is able take part of their home equity without the need to pay monthly mortgage. This type of loan is majorly for older home owners who do not have sufficient monthly income, this type of loan can be a source of additional monthly income.
In other words, the home owner is able to get cash from borrowing against his/her home equity without selling the home. This type of mortgage loan doesn't have to be repaid until borrower wants to leave the home. Hence, the home can only be foreclosed if the borrower wants to leave the home without paying back the loan.
Answer:
rate of inflation during the year was 14%
Explanation:
we know here Jake loaned Elwood = $5000
time = 1 year
rate = 10 %
rate = 4 %
so here we can say this will happen when actual inflation rate is high as compare to expected inflation rate
and we have given 10 % inflation rate need and
it was high by 4 % of fewer good
so rate is total 14%
so correct answer rate of inflation during the year was 14%
