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dsp73
1 year ago
11

Cash may not include:

Business
1 answer:
wel1 year ago
4 0

Cash may not include <u>accounts receivable</u>. The Option C is correct.

<h2>What is Cash?</h2>

Cash means a money in the physical form of currency such as banknotes and coins. In accounting, cash is a current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately.

The amount of the adjustment for uncollectible accounts would be $14,060. The Option D is correct.

<h2>What is an uncollectible accounts?</h2>

An accounts uncollectible refers to those receivables, loans or other debts that have virtually no chance of being paid. An account may be called an uncollectible for many reasons such as debtor's bankruptcy, an inability to find the debtor, fraud on the part of the debtor or lack of proper documentation to prove that debt exists.

The adjustment for uncollectible accounts is computed as follows:

= (Accounts receivable * Rate of uncollectible accounts) - Allowance for uncollectible accounts

= ($246,000 x 6%) − $700

= $14,760 - $700

= $14,060

Read more about uncollectible accounts

brainly.com/question/20597051

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The second one

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3 years ago
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Answer:

The answer is option C. She may immediately sell the bonds but it is unclear how much money they will sell for.

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She may immediately sell the bonds but it is unclear how much money they will sell for.

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Selling a bond before it's maturity date can either be beneficial or detrimental. This depends on the value of the bond at the time of sale. If at the time of sale the bond would have gained value, then the bond will sell at a higher price than when it was bought. On the other hand, if the bond at the time of sale has lost value, then the bond will sell at a lower price than the price which it was bought.

In our case, the best option for Andrea would be to sell the bonds immediately, since she really needs the cash. If it happens that at the point at which she sells the bonds they will have gained value, then she will have more than $5,000 cash, however, if at the point she decides to sell the bonds they will have lost value, then she will have less than $5,000 depending on how much value was lost from the time she bought the bonds and the time she sold the bonds.

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The term ___________ is a popular way to describe the recession-expansion pattern followed by the economy.
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