Answer:
Explanation:
provision For Doubtfull Accounts Yr.3
Opening Bal. = 3,750
For the Year (215000*2%) = 4300
Write-off = -2100
Closing Balance (3750+4300-2100) = 5950
Account Recievable For Yr.3
Opening Bal. = 61000
Sales For the Year (215000*2%) = 215000
Provision For the Year = -4300
Cash Recived from Debtors = 218000
Closing Balance = 53700
Net Realizable Value of Recievables
Closing Debtors = 53700
Closing Provision = -5650
Net Realizable Value = 47750
C) Collectible Amount
Provision For the Year = 4300
Previously writte of recoverred = -500
Total bad debts for the year = 3800
Nirav recently opened a savings account offering 2% annual compound interest, this means that Nirav will earn the same amount of interest each year for four years.
<h3>What is a saving account?</h3>
An account at a retail bank is formally called as a savings account. This is a type of account that person granted a person that his money is safe in a particular bank. Refer to the image below for the complete question.
The given case tells about that <u>what would be the impact</u> of savings account offering 2% annual compound interest on Nirav, then he will earn the same amount of interest compounded each year for four years.
Learn more about the interest, refer to:
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Answer:
Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:
1) Foreign investors will avoid the country.
2) Money losses value very fast causing an increase in the prices of goods and services.
3) The economy becomes unstable making the the government leaders to loose credibility.
Explanation:
The type of inflation that gets as high as 8% or 10% is called Galloping inflation.
Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:
1) Foreign investors will avoid the country.
2) Money losses value very fast causing an increase in the prices of goods and services.
3) The economy becomes unstable making the the government leaders to loose credibility.
Answer:
They last for a certain period of time
Explanation:
Typically Certificates of Deposit are offered if the set amount is deposited and kept through the stated amount of time. (The length of the CD can be anywhere from 18 months to 3 years [most popular]) When the money is removed short of the stated time period a penalty is taken from the value of the CD.
Answer:
(E). Project
Explanation:
A <u>project</u> based organization structure is one that is created when an organization has projects to implement. This structure is <u>used to ensure the projects are run separately and smoothly, and do not interfere with each other.</u>
Each <u>project manager supervises or coordinates his team members</u> with the goal of accomplishing the objectives of the project within a given period of time.
