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grigory [225]
3 years ago
6

Hello! can you pls help me with this question?

Business
1 answer:
Lerok [7]3 years ago
8 0

Answer:

It sure

Explanation:

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Mr. Renaldo purchased 30 acres of undeveloped ranch land 10 years ago for $935,000. He is considering subdividing the land into
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Accoints payable ledger contains all of the balance sheet and income tstatmeent accounts true or false
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A call option on Barry Enterprises stock has a market price of $12. The stock sells for $23 a share, and the option has an exerc
tresset_1 [31]

Answer:

the exercise value of the option is $5.50

Explanation:

The computation of the exercise value of the option is given below:

= Sale value of the stock - exercise price of the option

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= $5.50

Hence, the exercise value of the option is $5.50

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3 years ago
Bad Debt Expense is considered __________.a. an avoidable cost in doing business on a credit basis. b. an internal control weakn
horsena [70]

Answer:

c. a necessary risk of doing business on a credit basis.

Explanation:

Bad debt is an amount that is owed to a creditor , which will not be paid back . Bad debt expense could be as a result of company who took a loan and is not able to pay back due to bankruptcy.

Before bad debt expense occur in a business, management often make provisions for such debt. Provision for bad debt expense is an amount set aside to cushion the effect of debts that are likely not to be paid back.

It therefore means that bad debt expense is a necessary risk of doing on a credit basis.

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