Answer:
For people, it opens up a world of opportunities, reduces the burden of disease and poverty, and gives greater voice in society. For nations, it opens doors to economic and social prosperity, spurred by a dynamic workforce and well –informed citizenry able to compete and cooperate in the global arena
Answer:
True
Explanation:
The property rights are the rights that are given the authority to use or sell the property resources which fully depend upon the ownership criteria.
It should be legally owned by any person whether such a person is an individual or its a company or government.
The example of the property rights would be intangible or tangible i.e building, patents, land, copyrights, and other intellectual properties.
Answer:
Accounts receivable $361,000 debit
Allowance for uncollectible accounts $560 debit
Net Sales $806,000 credit
0.4% of credit sales are uncollectible = 0.4% x $806,000 = $3,224
adjusting entry:
December 31, 202x
Dr Bad debt expense 3,224
Cr Allowance for doubtful accounts 3,224
Allowance for doubtful accounts is a contra asset account that reduces accounts receivable.
Answer:
Total= $13,221.52
Explanation:
Giving the following information:
Deposited $3,200 in an account two years ago and is depositing another $5,000 today.
A final deposit of $3,500 will be made one year from now.
Interest expense= 4.85% compounded annually.
We need to calculate the final value of each deposit using the following formula:
FV= PV*(1+i)^n
First deposit= 3,200*(1.0485^5)= $4,055.01
Second deposit= 5,000*(1.0485^2)= $5,496.76
Third deposit= 3,500*(1.0485)= $3,669.75
Total= $13,221.52
Answer:
d
Explanation:
to calculate gross profit for a given accounting period
