Answer:
124,300
Explanation:
Finished goods is the inventory which is completed during the period and is ready to be sold out. Finished goods is a part of available for sale inventory of a company. Crane corporations finished goods inventory on the year end December 31 is 124,300. This is calculated as follows,
Finished goods inventory = Beginning Work in process - Materials added - Ending work in process .
Finished goods inventory = $14,600 + $126,400 - $16,700
Finished goods inventory = 124,300
Answer:
Given that,
Credit balance of allowance for uncollectible accounts = $2,700
Future uncollectible = $13,500
We need to deduct the credit balance from the amount of future uncollectible.
Bad debt expense:
= Future uncollectible - Credit balance of allowance for uncollectible accounts
= $13,500 - $2,700
= $10,800
Therefore, the journal entry is as follows:
Bad debt expense A/c Dr. $10,800
To allowance for doubtful debts $10,800
(To record the allowance for uncollectible accounts)
The most negative classification which the freight forwarding could receive is:
<h3>What is Negative Classification?</h3>
This refers to the use of models to find out the predicted outcome which is in the negative class.
With this in mind, we can see that because in the high market share, there is the presence of strong technical know how and can produce high-quality products at low cost, then the most negative classification which the freight forwarding could receive is average business.
Read more about negative classification here:
brainly.com/question/13734308
Answer:
c. When held in isolation, Stock A has more risk than Stock B
Explanation:
Beta is the measurement of Company`s business risk. Therefore, a higher beta shows a higher risk and a lower beta shows lower risk.
Answer:
7%
Explanation:
nominal interest rate = real interest rate + expected inflation rate
nominal interest rate = 5% + 2% = 7%
Usually the nominal interest rate has four major components:
- real interest rate: the net interest rate received by a lender or an investor
- inflation rate: the general rise in the prices of goods and services, as inflation increases, the purchasing power of a currency decreases
- liquidity risk premium: usually collateralized loans include a liquidity risk premium since not all assets can be easily converted to cash.
- credit risk: possibility of the borrower defaulting the loan
