1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
creativ13 [48]
3 years ago
13

In its December 31 balance sheet, Butler Co. reported trade accounts receivable of $250,000 and related allowance for uncollecti

ble accounts of $20,000. What is the total amount of risk of accounting loss related to Butler's trade accounts receivable, and what amount of that risk is off-balance sheet risk?A. Risk of accounting loss: $0; Off-balance sheet risk: $0B. Risk of accounting loss: $230,000; Off-balance sheet risk: $0C. Risk of accounting loss: $230,000; Off-balance sheet risk: $20,000D. Risk of accounting loss: $250,000; Off-balance sheet risk: $20,000
Business
1 answer:
slava [35]3 years ago
4 0

Answer:

B. Risk of accounting loss: $230,000; Off-balance sheet risk: $0

Explanation:

Accounting loss occurs due to credit provided and the market risk associated with it, already the company has provided for $20,000 un-collectible debts, now the company can have maximum of $250,000 - $20,000 = $230,000 of loss.

Talking about off-balance sheet loss, it will be zero, as off-balance sheet loss occurs only when there is some statutory or non-statutory obligation attached to any of the assets, which is not stated in accounts. Since no obligation is attached for receiving such amount from accounts receivables.

Thus, correct answer is

B. Risk of accounting loss: $230,000; Off-balance sheet risk: $0

You might be interested in
In the production of textiles, women would gather and clean the fibers. Once these were complete, the next step would be to ____
svlad2 [7]

Answer: The correct answer is "b. comb and sort the fibers.".

Explanation: Once these were complete, the next step would be to <u>comb and sort the fibers.</u>

The first step was to gather and clean the fibers and then comb and classify the fibers according to their nature.

8 0
4 years ago
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a red
Ilya [14]

Answer:

$5.74

Explanation:

Q* = 2DS / H[1-(d/p)]

Q² = 2DS / H[1-(d/p)]

S = (Q²)(H)[1 - (d/p) / 2D

Setup cost S = (200^2)*(10)*(1 - (100/800)) / 2*30,500

Setup cost S = 40000*10*0.875 / 61000

Setup cost S = 350000 / 61000

Setup cost S = 5.737704918032787

Setup cost S = $5.74

3 0
3 years ago
Becky hunter is an accountant employed by faf enterprises. recently she has spent much of her time working on defining measures
boyakko [2]
<span>Becky is a private accountant whose work is mainly with managerial accounting. Managerial accounting is a process o identifying, measuring, analyzing, interpreting, and communicating information in order to achieve the goals of an organization. Another name for managerial accounting is cost accounting.</span>
7 0
3 years ago
As a result of monetary policy of the Fed, the dollar appreciated and the amount of exports decreased. Which of the following Fe
vodka [1.7K]

Answer:

D. A Fed sale of bonds to brokers and banks.

Explanation:

The sale of bonds to banks and brokers is a contractionary open market policy. Its objective is to check inflation by slowing down the rate of economic growth. When the Fed offer bonds to the markets at a higher interests rate, banks will prefer to buy the bonds than lending out money to household and firms.

Producers rely on banks to fund their operations. If they cannot obtains loans for production and growth, their output decreases. A decrease in output results in reduced exports.  Low production of US goods means a reduced supply to the international market. It means international buyers will be competing for fewer US products. As the markets compete for the few available products, they push the demand for the dollar up, causing it to appreciate in value.

6 0
3 years ago
A manufacturing department has 50,000 EUP for units completed and transferred out and 4,500 EUP for units in ending inventory. M
ludmilkaskok [199]

Answer:

Value of closing inventory = $ 28,125.00

Explanation:

To value inventory, we multiply the cost per equivalent unit of production (cost per EUP) by the the number of equivalent units(EUP)  for each of the cost element.

So the value of the closing inventory, is determined as follows:

Value of inventory = cost per E.U.P × number of E.U.P

Material = $2.50 × 4,500 = 11,250.00

Labour and overhead= $3.75 × 4,500 =  16,875.00

Total amount of work in progress

= 11,250 + 16, 875

= $ 28,125.00

6 0
4 years ago
Other questions:
  • 3. A large hotel wants to relocate some of its parking area. Your company, ABC Contractors, would submit a ___
    12·2 answers
  • If the goal is to cut the total amount of smoke in half in the neighborhood, what isthe cost-effective way to do this?
    15·1 answer
  • what is the economic term for the practice of assigning small parts of a complicated job to individual workers who sepcialize in
    14·1 answer
  • Mellow Co. depreciates a $12,000 asset over five years, using the straight-line method with no salvage value. At the beginning o
    7·1 answer
  • Coronado Industries incurred the following costs for 68000 units: Variable costs $408000 Fixed costs 392000 Coronadohas received
    5·1 answer
  • Mary makes monthly deposits of $450 at the end of each month over 25 consecutive years to support her retirement. If the account
    12·1 answer
  • select the department of defense's (dod's) decision-support system that this statement describes: "This system uses milestones t
    9·1 answer
  • On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware
    5·1 answer
  • Patricia Ness is a lawyer specializing in employment law. Her clients showed her that the right-to-work laws create many problem
    6·1 answer
  • Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $131,750.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!