Answer:
The net realizable value of the accounts receivable immediately after the writing-off the uncollectible is $26,900
Explanation:
The formula to compute the net realizable value of accounts receivable is:
Net realizable value = Balance of accounts receivable - Balance in the Allowance for Doubtful Accounts
= $30,600 - $3,700
= $26,900
The amount of uncollectible which is written off will not be deducted from the balance of accounts receivable as this amount is already included in Allowance for doubtful account.
Answer: B: The trend toward hiring temporary workers is up
Explanation: A temporary help agency could be explained as an establishment which offers workers to its client's for temporary use or need. The client notifies the agency of its need for temporary workers and the agency does as required. The temporary help agency business could be seen as a good business to establish due to the rising demand for temporary workers by organization in other to reduce the number of permanent personnel their payroll. This logic ensures that these organizations reduce the cost of salaries and benefits of their employees.
Asking the speaker to repeat a phrase
Answer:
Private Property - The right of private persons and firms to obtain, control, employ, dispose of, and bequeath land, capital, and other property.
Freedom of enterprise - The freedom of firms to obtain economic resources, decide what products to produce with those resources, and sell those products in markets of their choice.
Mutually agreeable - Economic transactions willingly undertaken by both the buyer and the seller because each feels that the transaction will make him or her better off.
Freedom of choice - The freedom of resource owners to dispose of their resources as they think best; of workers to enter any line of work for which they are qualified; and of consumers to spend their incomes in whatever way they feel is most appropriate.
Self-interest - What each individual or firm believes is best for itself and seeks to obtain.
Competition
- The presence in a market of independent buyers and sellers who compete with one another and who are free to enter and exit the market as they each see fit.
Market - An institution that brings buyers and sellers together.
