Answer:
d.No effect on the expenses of the current period.
Explanation:
In the case when the credit balance of the allowance for doubtful debt more than the bad debt amount i.e. written off
So the entry for writing off against the allowance would result in no effect on the expense for the present period
As the bad debt expense is debited and the allowance for doubtful debt would be credited therefore the option d is correct
Answer:
Inferior good
Explanation:
An inferior good is a good for which demand rises when income falls and demand falls when income rises.
on the other hand, Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
<span>Business organizations I bet. Hope this helps. :)</span>
Answer:
single-amount payment $925,160
Explanation:
Given data:
Amount $100,000
Rate 6%
interest semi annually 3%
Number of period 5
Lumpsum Payment 

calculation for PVAF
PVAF @ I,N 
[email protected] 3%,5 
=4.58
Lumpsum Payment =202000*4.58
=925160