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Elza [17]
3 years ago
6

What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet?

As trade notes and accounts receivable if they otherwise qualify as current assets. As assets but separately from other receivables. As offsets to capital. By means of footnotes only.
Business
1 answer:
kiruha [24]3 years ago
5 0

Answer:

As assets but separately from other receivables.

Explanation:

When a company lends money to its employees, managers or affiliated companies, or sells goods or services to them, it must report those accounts or notes receivables in a separate account than normal transactions carried out with external customers. This happens because the transactions must be verifiable to check if they were legal and followed the proper procedures, and at what price or interest rate were they carried out. E.g. a corporation that lens $10 million to its CEO at 1% interest rate is not doing things properly and that transaction should be reversed and proper interest rates must be charged.  

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Ierofanga [76]
Four investment alternatives are hedge funds, futures, stocks, and bonds. If you are looking for more: mutual funds, annuities, and real estate are others.
5 0
3 years ago
Read 2 more answers
A stock has an average expected return of 9.7 percent for the next year. The beta of the stock is 1.34. The T-Bill rate is 5.2%
givi [52]

Answer:

3.4%

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

9.7 = 5.2 + 1.34(x - 5.2)

9.7 - 5.2 =  1.34(x - 5.2)

3.35 = x - 5.2

4 0
3 years ago
Assume that Robin's checking account at Folsom Bank has a balance of $2,000. If Robin withdraws $200 of cash from the bank's ATM
astra-53 [7]

Answer:

c

Explanation:

because he got out 200 from his bank

4 0
3 years ago
Planning: Assessing Audience Needs [LO-2] For each communication task that follows, write brief answers to three questions: Who
Mice21 [21]

Answer:

a. Audience’s: Appliance producer  

Audience’s general mentality towards subject: The apparatus maker must treat this on need, as lawful results are related with it  

Audience’s has to know: The objective that has occurred in the installment procedure and the purpose for the postponement  

b. Audience’s: Smartphone shoppers and devotees  

Audience’s general mentality towards subject: The customers will pay attention to the promotion on the off chance that they have a prerequisite for a cell phone. The general fans will be worried about the one of a kind highlights of the contribution  

Audience’s has to know: The highlights offered and the cost at which the item will be accessible  

c. Audience’s: Top administration  

Audience’s general disposition towards subject: The top administration must be interested to comprehend the target behind the proposition of combining 4 deals locales into 2  

Audience’s has to know: The target of the proposition and the advantages that the organization may procure from it  

d. Audience’s: Citizens in the area  

Audience’s general demeanor towards subject: The individuals needing such administrations will be energized with the decreased rates. The individuals not having any such prerequisite, won't give it much thought  

Audience’s has to know: The rate in decrease of cost just as the rundown of administrations offered in that cost  

e. Audience’s: Hiring supervisor of organization  

Audience’s general mentality towards subject: The enlisting supervisor will show intrigue on the off chance that he has an opportunity for comparable profile  

Audience’s has to know: The ranges of abilities and skills of the candidate and the properties, which makes him not the same as the others  

f. Audience’: Accounting directors  

Audience’s general demeanor towards subject: The bookkeeping supervisors will esteem the correspondence, as it is very basic for their work  

Audience’ has to know: The administrations offered by the counseling firm and the value charged by them

8 0
3 years ago
During its first year of operation Mazer Manufacturing Company produced 2,000 units of inventory and sold 1,800 units. Mazer inc
Crazy boy [7]

Answer:  The amount of gross margin Mazer would report if the company uses absorption costing is $1350.

Explanation:

Given that,

Mazer Manufacturing Company produced = 2,000 units of inventory

Units Sold = 1,800 units

Variable product cost = $4 per unit

Fixed manufacturing overhead cost =  $2,500

Sales price of the products = $6 per unit

Fixed manufacturing cost per unit = \frac{Total\ cost}{units\ produced}

= \frac{2500}{2000}

= $1.25 per unit

Unit Product cost under Absorption costing = Variable product cost + Fixed manufacturing cost per unit

= 4 + 1.25

= $5.25

∴ Gross margin under Absorption costing = Sales Revenue - Cost of goods sold

= Units sold × sales price - Units sold × Unit Product cost under Absorption costing

= 1800 × 6 - 1800 × 5.25

= 10800 - 9450

= $1350

5 0
3 years ago
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