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Sergio [31]
3 years ago
13

When using the allowance method for accounting for bad debts, accounts receivable is reported on the balance sheet at the expect

ed net realizable value. When a particular receivable from a customer ultimately is determined to be uncollectible and is written off, the recording of this event will
Business
1 answer:
Minchanka [31]3 years ago
4 0

Answer:

Have no effect on net realizable value

Explanation:

Net realizable value is the value of accounts receivable less any allowance for bad debts. This amount is reported in the balance sheet. Under allowance method, if a particular receivable is uncollectible, then the amount is reduced from both accounts receivable and allowance for bad debts. As such, there is no effect on the net realizable value as both the accounts are reduced by the amount that is uncollectible.

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The notes to a recent annual report from Weebok Corporation indicated that the company acquired another company, Sport Shoes, In
navik [9.2K]

Answer:

$221,500

Explanation:

The computation of the amount of the goodwill is shown below:

Goodwill = Acquiring value - fair market value of all assets

where,

Acquiring value = $502,000

And, the fair market value of all assets is

= Account receivable market value + inventory market value + fixed assets market value + other assets market value

= $35,000 + $183,000 + $46,500 + $16,000

= $280,500

So, the goodwill is

= $502,000 - $280,500

= $221,500

3 0
3 years ago
An investor purchases a stock for $39 and a put for $0.55 with a strike price of $32. The investor sells a call for $0.55 with a
Archy [21]

Answer:

The maximum profit and loss for this position is $3 and -$7 respectively

Explanation:

The computations are shown below:

For maximum profit:

= Strike price at the sale - stock price + put price - call price

= $42 - $39 + $0.55 - $0.55

= $3

For maximum loss:

= Strike price at purchase - stock price + put price - call price

= $32 - $39 + $0.55 - $0.55

= -$7

Simply we take the difference between the strike price ,and the stock price and after that the put and call price are adjusted

3 0
3 years ago
The three-letter code that summarizes your three strongest career types is called your
lorasvet [3.4K]
I think it's called the Holland code.
8 0
3 years ago
Read 2 more answers
If people believe their rights are being violated, they have the right to a fair and impartial hearing. This reflects the basic
igor_vitrenko [27]

Answer:

I believe its C

7 0
3 years ago
Steve has an option with a payoff profile that depicts a line that is constant at zero up until some point after which the line
ICE Princess25 [194]

Answer:

D) Sold a call option

Explanation:

From the question, we are informed about Steve, who has an option with a payoff profile that depicts a line that is constant at zero up until some point after which the line slopes downward. In this case the type of action did Steve take to obtain this profile is Sold a call option.

a call option can be regarded as a kind of derivatives contract that enable the a call option for those that want to purchase stock or financial instrument the right to buy it at a specific price but not obligation. When a call option is sold, then the buyer is given the opportunity to buy the stock at a particular price with expeiration. The price is known as "strike price".

4 0
3 years ago
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