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3 years ago

"fundamental disequilibrium," its government choose not to devalue its currency. a likely consequence of this would be

1 answer:

6 0

If the Government choose not to devalue its currency, The total exports of that nation will be most likely to be decreased.
When a currency of a nation is too high, other nation wouldn't have enough purchasing power to do transactions with our nation, making us forced to close many international trade relationship that could kill several economic sectors in the country.

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Using the following information: 12/31/17 Accounts receivable $526000 Allowance (35700 ) Cash realizable value $490300 During 20

yawa3891 [41]

Answer:

The change in the cash realizable value from the balance 12/31/17 to 12/31/18 was $37,840 increase.

Explanation:

Cash realizable value of accounts receivable is simply the amount that is deemed recoverable after factoring the portion that is uncollectible.

The effects of the transactions during the year are as follows:

Sales on account:

Debit Accounts receivable $145,400

Credit Sales revenue $145,400

(To recognize the sales on account)

Collections on account:

Debit Cash $100,000

Credit Accounts receivable $100,000

(To recognize collections on account)

Write-off:

Debit Allowance for doubtful accounts $3,960

Credit Accounts receivable $3,960

(To recognize write-off of outstanding accounts receivable)

Therefore, the effects of the foregoing journals on Accounts receivable are: $526,000 + $145,400 - $100,000 - $3,960 = $567,440.

As at 12/31/18, cash realizable value would be $567,440 - $39,300 = $528,140. The change in the cash realizable value from the balance at 12/31/17 to 12/31/18 was therefore $528,140 - $490,300 = $37,840 (increase).

7 0

3 years ago

Assume that we are in the MM world. Health and Wealth Company is financed entirely by common stock that is priced to offer a 12

Levart [38]

Answer:

13%

Explanation:

the new cost of equity = old cost of equity + [(debt / equity) x (old cost of equity - cost of debt)]

the new cost of equity = 12%+ [(20 / 80) x (12% - 8%)] = 12% + 1% = 13%

Since we are in the MM world, taxes do not exist, therefore they are not included in the equation.

7 0

3 years ago

An important rule of budgeting is:

son4ous [18]

Answer:

A. Those responsible for complying with budgets must participate in budget preparation.

Explanation:

An important rule of budgeting is those responsible for complying with budgets must participate in budget preparation.

4 0

3 years ago

The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u

jenyasd209 [6]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

5 0

3 years ago

On December 31, management had determined that it would not be able to collect the $1,200 owed to it by one of its customers. On

mario62 [17]

Answer:

a. Journal entries to record the reinstatement of the account receivable

Account Title and Description Debit Credit

Account receivable account $600

Allowance for Doubtful Accounts account $600

(Reinstatement of the account receivable)

b. Journal entries to record the receipt of cash

Account Title and Description Debit Credit

Bank Account $600

Account receivable account $600

(Receipt of cash)

5 0

3 years ago