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trasher [3.6K]
3 years ago
6

Identify any errors in the following partial balance sheet. The interest receivable should be __________________________________

__. The allowance for doubtful accounts should be ____________________________________.
WORD BANK
- added to the notes receivable
- deducted from accounts receivable
- reported separately as a current asset
- shown on the income statement as revenue

Business
1 answer:
Usimov [2.4K]3 years ago
8 0
The interest receivable should be reported separately as a current asset. The allowance for doubtful accounts should be deducted from accounts receivable.
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Abc company is hesitant about entering ukraine, because the country has been experiencing social unrest in recent years. Based o
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The answer is<u> "political risk".</u>


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7 0
3 years ago
Amanda's Interior Design has credit sales of $783,000, costs of goods sold of $418,000, and average accounts receivable of $107,
posledela

Answer:

The 50.30 days are required to take its credit customers to pay for their purchases.

Explanation:

For computing the average collection period, we have to use the formula of the average collection period.

Average collection period = Average accounts receivable ÷ Credit sales × total number of days in a year

= $107,900 ÷ $783,000 × 365

= 0.13780 × 365

= 50.30 days

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The cost of goods sold is irrelevant. Thus, it is not considered in the computation part.

Hence, 50.30 days are required to take its credit customers to pay for their purchases.

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3 years ago
The trading principle formulated by adam smith maintained that:
erma4kov [3.2K]
The correct answer is D. Absolute cost differences regulate the immediate basis for trade
Absolute gain is the ability of a country, separate, company or region to make a good or service at a lower cost per unit than the cost at which any other individual produces that same good or service.
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3 years ago
Determine how each scenario impacts the capital stock, including the effect of depreciation, if applicable. a. A salesperson dro
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Answer:

the answer is B.)

Explanation:

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3 years ago
Ai​ Lun, a management trainee at a large New Yorkdashbased ​bank, is trying to estimate the real rate of return expected by inve
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Answer:

Ai​ Lun estimate that  real rate would be 1%

Explanation:

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Inflation rate  is given by the rising of the consumer prices =2%

So,  

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3 years ago
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