China should seek assistance from the IMF or International Monetary Fund. According to the IMF, it works to nurture global growth and economic steadiness by providing policy, information and financing the members, by working with developing states to help them reach macroeconomic stability and decrease poverty. The basis for this is that private international capital markets function poorly and many countries have inadequate access to financial markets. Such market imperfections, together with balance-of-payments financing, offer the reasoning for official financing, without which many countries could solitary correct large external payment imbalances through actions with adverse economic consequences. Also, the IMF provides alternate sources of financing.
Answer:
In the balance sheet the firm will disclosure the Account receivables for his net value that is after reducing the expected uncollectible amounts
The net A/r will be of 52,400
Explanation:
he company will do an adjusting entry to create a contra-asset account to represent the net amount of receivables:
bad debt expense 1,200 debit
allowance for doubful expense 1,200 credit
Now, it will use the allowance account to reduce the account receivables balance:
accounts receivables 53,600
allowance <u> (1,200) </u>
net 52,400
Assume that Ms. Sawyer's salary is $70,000, up from $60,000 last year, while the CPI is 120 this year, up from 100 last year. This means that Ms. Sawyer's real income has <u>decreased </u>since last year.
CPI is a statistical estimate generated from the price of a sample of representative items that are priced on a regular basis. Sub-indexes and sub-sub-indexes are calculated for different categories and subcategories of goods and services and are combined to create an overall index with weights that reflect the share of total consumer spending covered by the index.
This is one of several price indexes calculated by most National Statistics Bureaus. The annual rate of change in the CPI is used as an indicator of inflation. CPI can be used to index the actual value of wages, salaries and pensions (that is, to adjust for the effects of inflation).
Regulate the price. It then shrinks the monetary size to show the actual change in value. In most countries, the CPI, along with the census, is one of the most widely followed national economic statistics.
Learn more about CPI here: brainly.com/question/1889164
#SPJ4
Answer:
$19,200
Explanation:
Given
Cost of equipment = $72,000 Date of purchase = January 1, 2021.
Useful period = 5 years
Residual value = $6,000
Annual depreciation using straight line method
= ($72,000 - $6,000)/5
= $66,000/5
= $13,200
Annual depreciation using the double declining method
= $13,200 * 2
= $26,400
By December 31, 2022, 2 years depreciation would have been computed on the asset, hence
Book value at December 31, 2022 = $72,000 - 2($26,400)
= $72,000 - $52,800
= $19,200
Answer:
Explanation:
Step 1
Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want any specific sub-part to be answered then please submit that sub-part only or specify the question number in your message.
2
Compute the net present value to make decision for buying the new Backhoes or keeping the old
