Answer:
Disallowed loss = 1428.57
Explanation:
given data
Units total cost
17 Apr, 09 1500 20000
8 Dec, 14 -750 -5000
2 Jan, 15 250 1750
2 Jan, 15 50 1000
solution
we get here Broward realized and recognized loss that is
The loss or gain on sale (5000 - 20000 ÷ 2) -5000
Allowed loss (750 ÷ 1050) × 5000 3571.43
Disallowed loss 1428.57
Answer:
The net income is $59,000
Explanation:
Please refer to the attached file for calculation.
Answer: Offer incentives to Customers to reduce Collection time.
Explanation:
Hanson’s Furniture Store should work to reduce the amount of time it takes to collect payments from customers. It takes them over 2 months to collect payments on average and compared to a payables payment in 30 days that's quite troublesome.
They should therefore work to reduce their Receivables Collection time.
One way they can do that is to offer incentives such as trade discounts. A popular one would be the 2/10, net 30 rule. This means that the customer would get a 2% discount if they pay in 10 days or else they will pay the full amount in 30 days. This incentive can go a long way in reducing Payables collection periods.
Answer: Chen has 90 days after he receives his "right-to-sue"letter from the EEOC to sue his employer in federal court
Explanation:
From the question, we are informed that The Equal Employment Opportunity Commission (EEOC) investigated Chen's complaint of workplace discrimination against his employer and sent him a notice stating that it found no reasonable cause for his complaint.
Chen's next step if he wants to pursue the claim is that Chen has 90 days after he receives his "right-to-sue"letter from the EEOC to sue his employer in federal court.
