Plants and Algae Need Phosphates for Growth

question 35

Essay

Plants and algae need phosphates for growth. Many fish and other animals feed on aquatic plants and algae. Why, then, is an excess of phosphates in the water (eutrophication)harmful to the organisms in a lake?

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Definitions:

Adjusting Entry

An accounting entry made at the end of a period to allocate income and expenditure to the correct accounting period.

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or disposal, reflecting the net cash inflow that would be received if the goods were sold.

Bad Debt Expense

An expense reported on the income statement, representing the estimated amount of receivables that will not be collected.

Maturity Value

The amount that will be paid to the holder of a financial instrument at its maturity date, including both the principal and any accrued interest.