When a company collects the face value of a long-term investment in bonds at maturity, _______

During 2017 sales on account were $866000 and collections on account were $522000. Also during 2017 the company wrote off $42500

Komok [63]

Answer:

There is a change of $27,500 (decrease)

Explanation:

Cash realizable value is the amount of money that the company expects to receive from their accounts receivable after deducting all uncollectible accounts.

First, we must compute the change in gross accounts receivable from the transactions happened during the year.

Sales on account less collections less write-offs = change in Gross accounts receivable.

$866,000 - ($522,000 + $42,500) = $301,500 (increase in gross accounts receivable)

Finally, we can now compute the change in cash realization value by deducting uncollectible accounts to gross accounts receivable.

$301,500 - $329,000 = ($27,500)

4 0

4 years ago

A person who has not worked in six months and has given up looking for work is officially classified as unemployed. true false

just olya [345]

True they belong to the bracket of unemployed citizens and are dependent on the working force or are consuming their savings

8 0

3 years ago

Consumption Ratios Zapato Company produces two types of boots: vaquero and vaquera. There are four activities associated with th

Alexxandr [17]

Answer:

Explanation:

The formula to compute the consumption ratio is shown below:

Consumption ratio = Activity driver amount ÷ Total amount of activity driver

For Cutting hours

Vaquero = ($2,190) ÷ ($2,190 + $5,400)

= ($2,190) ÷ ($7,590)

= 0.29

Vaquera = ($5,400) ÷ ($2,190 + $5,400)

= ($5,400) ÷ ($7,590)

= 0.71

For Assembly hours

Vaquero = ($2,850) ÷ ($2,850 + $4,650)

= ($2,850) ÷ ($7,500)

= 0.38

Vaquera = ($4,650) ÷ ($2,850 + $4,650)

= ($4,650) ÷ ($7,500)

= 0.62

For Inspection Hours

Vaquero = ($940) ÷ ($940 + $2,430)

= ($940) ÷ ($3,370)

= 0.28

Vaquera = ($2,430) ÷ ($940 + $2,430)

= ($2,430) ÷ ($3,370)

= 0.72

For Rework hours

Vaquero = ($150) ÷ ($150 + $450)

= ($150) ÷ ($600)

= 0.25

Vaquera = ($450) ÷ ($150 + $450)

= ($450) ÷ ($600)

= 0.75

6 0

3 years ago

Which of the following is true of the capital requirement? Check all that apply.

Nina [5.8K]

Answer:

1st and 2nd options are correct.

Its intended goal is to protect the interests of those who hold equity in the bank.
The amount of capital required depends on the type of assets the bank holds.

Explanation:

Capital requirement for a financial institution, such as a bank is the amount of capital they need to pay off their liabilities. Every bank has a reserve ratio which is a small part of total deposits that is enforced upon banks to fulfill all the liabilities. The intended goal of capital is to protect and preserve the interest of depositors and equity holders. Similarly, the reserve ratio of bank substantially depends upon the type of assets bank holds, for liquid assets, the capital requirement is more as compared to liquid assets. Since more liquid asset means that a bank can convert them into cash instantly which is why the capital requirement is less for liquid assets.

5 0

3 years ago

A registered representative completes the firm's standard options worksheet for a customer to illustrate the potential profits a

skelet666 [1.2K]

Answer:

Explanation:

The customer must receive the latest Option Disclosure Document. Prior to the first use, the option worksheet must have been approved by the firm's designated Registered Option Principal

The option disclosure document (ODD) is a publication issued by the Options Clearing Corporation (OCC) that serves as an important guide for options traders. The detailed document, formally titled Characteristics & Risks of Standardized Options, is extremely necessary for beginner options traders.

6 0

3 years ago

When a company collects the face value of a​ long-term investment in bonds at​ maturity, ________.

When a company collects the face value of a long-term investment in bonds at maturity, ________.