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pashok25 [27]
3 years ago
14

Boulder Beaver Company had a $150,000 beginning balance in Accounts Receivable and a $6,000 credit balance in the Allowance for

Doubtful Accounts. During the year, credit sales were $600,000 and customers' accounts collected were $590,000. Also, $4,000 in worthless accounts were written off. What was the net amount of receivables included in the current assets at the end of the year, before any provision was made for doubtful accounts
Business
1 answer:
BabaBlast [244]3 years ago
4 0

Answer:

$154,000

Explanation:

The computation of the net amount receivable is shown below:

Beginning balance of Accounts Receivable = $150,000

Add: Credit sales made = $600,000

Less: amount collected  = $590,000

Less: accounts written off = $4,000

Gross balance in Accounts Receivable =$156,000

Now

Beginning balance in the Allowance for Doubtful Accounts= $6,000

Less: Accounts written off adjusted $4,000

Ending balance = $2,000

So,

Net Accounts Receivable is

= $156,000 - $2,000

= $154,000

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How does payroll withholding help a company's employees? (1-2 sentences. 2.0 points)
Rudiy27

Answer:

It helps them to get their money without attending to their work places

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3 years ago
Kris is considering taking her poutine food truck to the local wine festival to vend. She is pondering the amount of food to sto
marta [7]

Answer:

A.

Under the MaxiMax criteria, the best of the maximum payoffs of all the alternatives will be selected.

Maximum payoff under large stock = $22000

Maximum payoff under medium stock = $14000

Maximum payoff under small stock = $9000

The , best of above payoff is $22000, so large stock alternative will be selected.

B.

Under the MaxiMin criteria, the best of the minimum payoffs of all the alternatives will be selected.

Minimum payoff under large stock = -$2000

Minimum payoff under medium stock =$6000

Minimum payoff under small stock =$4000

The , best of the above payoffs is $6000, so medium stock alternative will be selected.

C.

Under equally likely criteria,

Expected payoff under the large stock = (22000 + 12000 -2000)/3 = $10666.67

Expected payoff under the medium stock = (14000 + 10000+6000)/3 = $10000

Expected payoff under the small stock = (9000+8000+4000)/3 = $7000

The maximum payoff is with the large stock alternative, then large stock alternative is selected.

D.

With the given probabilities,

Expected payoff under the large stock = (.3*22000 + .5*12000 -.2*2000) = $12200

Expected payoff under the medium stock = (.3*14000 + .5*10000+ .2*6000) = $10400

Expected payoff under the small stock = (.3*9000 + .5*8000 + .2*4000) = $7500

The maximum payoff is with the large stock alternative, then large stock alternative is selected.

E.

EVPI = EVWPI - EVWOPI

EVPI = (.3*22000 + .5*12000 + .2*6000) - 12200

EVPI = $1600

6 0
3 years ago
Which of the following statements about provider cost structure and financial risk is false
denis23 [38]

Answer to this Question is B): A provider’s cost structure has no impact on reimbursement risk.

(Its a false statement about cost structure and financial risk)

Explanation:

All of the given statements about cost structure and financial risk are true except the statement B. Provider can capitulate and reduce the expected risk by increasing the proportion of the fixed cost. Moreover, it can also reduce risk totally free of cost with the help of increasing the variable cost. The risk under capitation can be also reduced by increasing the number of capitulated members. Furthermore, the risk can also be reduced by increasing provider actuarial and cost measurement expertise. The only thing which is false here is that the provider's cost structure has no impact on the reimbursement risk at all in any way, that's why it should be the chosen answer.

6 0
3 years ago
Differentiate between norminal wages and real wages
ZanzabumX [31]

Answer:

A norminal wage is not adjusted for inflation and real wage is adjusted for inflation

4 0
2 years ago
if the interest rate on cds increase from 5% to 10% the opprunity cost of holding money will and the quanity demanded of money w
Blizzard [7]

Answer:

D. increase; decrease

Explanation:

In the case when the rate of interest on cds increased from 5% to 10% so here the opportunity cost of holding the money would also be increased while on the other hand the quantity demanded of the money would be decreased

Therefore as per the given situation the option D is corect

And, the rest of the options are wrong

5 0
3 years ago
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