Answer:
Option (D) is correct.
Explanation:
Given that,
In 2016,
Allowance for doubtful accounts = $7.2 million
Total accounts and other receivables, net = $486.6 million
In 2015,
Allowance for doubtful accounts = $9.3 million
Total accounts and other receivables, net = $520.2 million
Therefore,
Company’s current gross accounts and other receivables at the end of 2016:
= net receivable(2016) + allowance for doubtful(2016)
= $486.6 + $7.2
= $493.8
Answer:
d. 10.6% higher
Explanation:
Given that;
Real GDP = $13.2 trillion
Nominal GDP = $14.6 trillion
GDP deflator = (Nominal GDP/Real GDP)× 100)
Hence,
GDP deflator = (14.6 / 13.2 ) × 100
GDP deflator = 110.6%
Thus,
= 110.6 - 100
= 10.6% higher
Please help me! This is due tomorrow and I really need some help! Thank you.
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