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Readme [11.4K]
3 years ago
12

Most businesses periodically remove bad accounts from their books true or false

Business
1 answer:
Mashutka [201]3 years ago
5 0

Answer: false

Most businesses remove or write off bad accounts but not periodically. By periodically means, it occurs at regular times which bad accounts are not. Accounts are considered bad accounts if they remained uncollectible after many months.

The entry to write off consists of 1) a credit to Accounts Receivable to remove it, and 2) a debit to Bad Debts Expense to report it.


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Assume the spot exchange rate for the Hungarian forint is 267.767 HUF. Also assume the inflation rate in the United States is 1.
Margarita [4]

Answer: 283.322 HUF

Explanation:

Following the information given in the question, the following can be deduced:

Spot rate = 267.767

Foreign currency interest rate (rf) = 1.6%

Home currency interest rate (rh) = 3.5%

Number of years (n) = 3

Therefore, the expected exchange rate 3 years from now will be calculated as:

= Spot × (1+(rh - rf))^n

= 267.767 × [1 + (35% - 16%)]³

= 267.767 × [1 + (0.035 - 0.016)]³

= 267.767 × 1.0581

= 283.322 HUF

Therefore, the expected exchange rate 3 years from now will be 283.322 HUF.

3 0
3 years ago
Lindsay took out a(n) to purchase her new home. she used in the form of the property to back the loan. lindsay also paid money i
Andre45 [30]

The bank will most likely be filled with the following:

  • Mortgage loan
  • Collateral
  • Down payment
  • Seize her home.

<h3>What is a loan?</h3>

A loan is a sum of money, borrowed from a financial institution usually a bank or credit union to meet certain obligations.

The following statement should be considered:

  1. Lindsay took out a Mortgage Loan to purchase her new home.
  2. She used collateral in the form of the property to back the loan.
  3. Lindsay also paid money in advance. This is known as a Down payment.
  4. If Lindsay does not make her loan payments on time, the bank will most likely seize her home.

Learn more about loan here : brainly.com/question/12481147

Hence, the bank will most likely be filled with Mortgage loan, collateral, Down payment, seize her home.

#SPJ1

5 0
2 years ago
The parts of the process cost summary include:______.
Volgvan

Answer:

  • b. costs charged to departments.
  • c. cost assignment and reconciliation.
  • d. equivalent units of production

Explanation:

In Process costing, the company involved is producing a large amount of goods and services that are exactly the same. In order to assign costs therefore, the company will assign costs to all the products instead of individually.

Costs would be charged to various departments because they produce the goods so the entire department cost has to be assigned and reconciled with with the department that produce the goods. When the company only managed to partially complete the production of a good, they will still have to assign costs and so use equivalent units of production to do so.

6 0
3 years ago
What should be the performance and size of low end in capsim?
Ronch [10]
READING BUT NOT BORING OR NOT LAME BUT GOOD
5 0
3 years ago
Consider the WACC formula, if the required rate of return on preferred stock increases, holding all else equal, the WACC increas
Mashutka [201]

Answer: True

Explanation:

The Weighted Average Cost of Capital (WACC) calculates the cost of capital to a company for the means of capital it uses to finance operations. It is based on the cost and the weight of the various capital types.

Formula is;

<em>= Cost of Equity * %Equity + Cost of debt * %Debt * ( 1 - Tax rate) + Cost of Preferred Stock * %Preferred stock</em>

The required rate of return on preferred stock is the same as the Cost of Preferred Stock. From the formula it is shown that if this rate increases, holding all else equal, total WACC will increase.

3 0
3 years ago
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