Answer:
Decision : It is not good invest as it offers at $925 whereas your bank deposit cost $893.16 for same return.
Explanation:
Detailed calculations are carried out in the attachment below.
This sounds like the Tentative phase according to Ginzberg. It sounds like Libby is between 11 and 17 as well learning what she likes.
Answer:
B) The relationship between the unemployment and the inflation rates
Explanation:
Answer and Explanation:
The preparation of a comparitive income statement, with vertical analysis, stating each item for both years as a percent of sales is prepared below with the help of the attached spreadsheet:-
The formula that we have used is shown below:-
Gross profit percent = Gross profit / Sales revenue
Cost of goods sold percent = Cost of goods sold / Sales revenue
and in a similar way operating expenses items.
Answer:
The net realizable value of Accounts Receivable at year end is simply $18,100 ($20,600 - $2,500).
Explanation:
When there was a writeoff, the Company would have debited the allowance account to credit accounts receivable to the tune of $2,400. Also, the additional bad debt expense of $3,500 recorded would have been a debit to bad debt expense and credit to the allowance account. These are all events that transpired during the year. <u>Balance in the allowance account is therefore $1,400 - $2,400 + $3,000 = $2,500.</u>
Note that the ending balance of accounts receivable of $20,600 was only given in the question, which means that when the writeoff happened, the accounts receivable would have been reduced during the year. To arrive at the net realizable value, we do not need to consider the writeoff anymore, just simply back out the allowance for doubtful accounts balance from the accounts receivable.
