During 2022 windsor, inc. had sales on account of $734000, cash sales of $312000, and collections on account of $516000. in addition, they collected $9900 which had been written off as uncollectible in 2021. as a result of these transactions the change in the accounts receivable indicates a
a. $533000 increase.
b. $218000 increase.
c. $53 increase.
d. $208100 increase.

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?