This is one of those things that you can answer in multiple different ways. I believe you would either say to talk with you team member away from the group to see if that changes anything but second I'd probably find a fair compromise.
Option A. 300000.
The four main ways to account for inventory are specific identification, first in first out, last in first out, and weighted average methods.
The retail inventory method is an accounting method used to estimate the value of a store's merchandise. The retail method provides the ending inventory balance for a store by measuring the cost of inventory relative to the price of the merchandise.
The FIFO method is the most popular inventory method because it's the one that most closely matches the actual movement of inventory for most businesses. This method assumes that the first products you acquired will be the first that are sold.
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The relation between economic growth and energy use can be best described by the increased energy use leads to increased economic growth.
So, Option A is the right answer.
How do energy use and economic growth relate to each other?
There is a direct relationship between usage of energy and economic growth, that means, if energy usage rises, then economic growth also rises. On the contrary, if energy usage falls, then economic growth also falls.
The developed nations are having abundant resources which leads to more satisfaction among the public due to which they use more energy and finally impacted an increase in the overall economic growth of a country. The less-developed nations face a lot of struggle in satisfying the people due to having insufficient resources which result in the usage of lesser energy and ultimately created a decreasing impact on the economic growth.
Therefore, energy use and economic growth are interlinked with each other.
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Answer:
$87.816
Explanation:
First you have to calculate the Oustanding receivables, that you can calculre with the next formula:
Oustanding receivables= Accounts recivable- Allowance for doubtful accounts
Oustanding receivables= 1.492.000 - 28.400
Oustanding receivables= 1.463.600
Now that you have the result have to multiply by the 6% to calculate the bad debt.
Bad debt = 1.463.600* 6%= $87.816
its the bad debt of Thompson Corporation's
