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SashulF [63]
3 years ago
14

Vera has a key supplier for her business who was facing cash flow problems which would impair Vera's ability to get shipments of

key components for her production. Vera made a $10,000 loan to the supplier. Unfortunately the supplier filed for bankruptcy and has gone out of business without repaying Vera. Vera will be able to recognize a loss of A) $10,000. B) $3,000. C) $7,000. D) 0.
Business
1 answer:
never [62]3 years ago
5 0

Answer:

A) $10,000

Explanation:

Since in the question it is mentioned that for $10,000 the loan made to supplier and the supplier filed for bankruptcy and go out from the business without paying off any money

So in this case the loss would be $10,000 i.e equal to the loan amount amde to the supplier  as the non payment is also represents the bad debt and the same is allowed for the deduction

Hence, the first option is correct

 

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In 5-10 sentences, answer the Question; What is a Market Economy?
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Answer:

A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.Market economies range from minimally regulated free-market and laissez-faire systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides yet does not substitute the market for economic planning—a form sometimes referred to as a mixed economy.

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3 years ago
Which government agency is in charge of regulating the sale of stocks and bonds? A. The Securities and Exchange Commission B. Th
viva [34]

Answer:

A

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3 years ago
A machine with a cost of $130,000, accumulated depreciation of $85,000, and current year depreciation expense of $17,000 is sold
MissTica

Answer:

Option E: $40,000 - Cash from sale of Machine

Explanation:

Cash flow from Investing activities section of the cash flow statement should include cash received on the sale of property, plant & equipment, cash paid to acquire property, plant & equipment, cash paid for investments in or as loans to other companies and dividends received from any investments.

In case of sale of a Machine, $40,000 received on sale should be reported as source of cash in the cash flows from investing activities section.

3 0
3 years ago
Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of year 3, and $1,300 at the end
Ratling [72]

Answer:

$5837 approx

Explanation:

Amount = Principal(1\ +\ r)^{n}

Amount deposited at the end of year 1 would yield = $2500 (1\ +\ .09)^{4} = $2500 × 1.41158 = $3528.95

Amount deposited at the end of year year 3 would yield = $750 (1\ +\ .09)^{2} = $891.075

Amount deposited at the end of year 4 would yield = $1300 (1\ +\ .09)^{1} = $1417

Total deposit at the end of year 5 = $3528.95 + $891.075 + $1417 = $5837 approx.  

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2 years ago
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3 0
3 years ago
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