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Ipatiy [6.2K]
3 years ago
8

Craig graduated from college and got his first job. He rented an apartment and purchased new furniture, appliances, and a televi

sion. What risk does he face?
Business
1 answer:
stich3 [128]3 years ago
3 0
Essa pergunta está meio genérica; pois o termo "RISCO" pode ter diferentes interpretações;.

Admitindo que Craig comprou de maneira parcelada, ele corre o risco de perder o Emprego e não conseguir pagar as prestações. Negativando assim o seu nome.

Também podemos pensar em riscos mecânicos, como trompadas em móveis e choques elétricos.

Também existem os riscos relacionados a segurança pública; Craig corre o risco de ser assaltado ou ter  o apartamento arrobado.

Além desses, existem inúmeros riscos a mais: risco de vida; risco de repetir de ano; etc
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Solstice Company determines on October 1 that it cannot collect $60,000 of its accounts receivable from its customer, P. Moore.
djverab [1.8K]

Answer and Explanation:

The journal entry is shown below:

Bad debts expense Dr $60,000  

        To Accounts receivable $60,000

(Being the written off amount is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the account receivable as it reduced the assets

So for correcting posting and recording we passed accurate entry

4 0
3 years ago
Define working capital. How is working capital computed?
Phoenix [80]

Working capital is calculated by subtracting current liabilities from current assets shown on a company's balance sheet. Current assets include cash, accounts receivable and inventories. Current liabilities include accounts payable, taxes, wages and accrued interest.

Working capital is calculated by subtracting current assets from a company's current liabilities. For example, if a company has current assets of $100,000 and current liabilities of $80,000, its working capital is $20,000.

To calculate the working capital requirement, the following formula can be used: Working Capital (WC) = Current Assets (CA) – Current Assets (CL).

Learn more about working capital here:brainly.com/question/19804046
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8 0
1 year ago
Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their no
allochka39001 [22]

Answer:

                                           Trial Balance

                                                     <u>Debit</u>               <u>Credit</u>

Land                                             53000

Accounts Receivable                  5400

Cash                                              3200

Prepaid Rent                                6700

Accounts Payable                                                 3600

Deferred revenue                                                  1950

Common Stock                                                      33000

Retained earnings                                                 21250

Service Revenue                                                   24700

Salaries expense                          7500

Supplies expense                       <u>  8700  </u>            <u>              </u>

Totals                                            84500               84500                    

Explanation:

The trial balance has been made in the answer section.

3 0
2 years ago
54) Marika is a senior journalist at a news agency. She goes on a temporary leave for six months and travels around different pa
yKpoI14uk [10]

The answer is: Sabbatical

Sabbatical refers to a paid leave given to employees in order to study or travel. The term sabbatical is taken from the bible (where God rest on the seventh day after working for six days). Because of this, some companies only granted a sabbatical only if they already dedicated their life for the company for 7 years.

8 0
3 years ago
INVESTOR Corp. was interested in investing in bonds and, on 01/01/2012 purchased 8% bonds dated January 1, 2012. These bonds had
seropon [69]

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
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