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Umnica [9.8K]
3 years ago
10

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?
Business
1 answer:
frosja888 [35]3 years ago
6 0

Answer:

$230,000

Explanation:

Given:

Trade accounts receivable = $250,000

Uncollected accounts = $20,000

Computation:

Total Amount Of Risk = (Trade Account receivable - Uncollected Accounts)

=( $250,000 - $20,000)

= $230,000

No , Any financial loss danger off-balance sheet resulting from registered accounts or receivable notices not include in it.

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Explanation:

The following information can be derived from the question:

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FV = $200(1 + 0.1)

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Under IRS regulations, a gain or loss upon current disposition of an asset is first considered to be long term if the asset has
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over 1 year

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Your grandmother tells you a dollar doesn't go as far as it used to. She says the " purchasing power" of a dollar is much less t
Harrizon [31]

Answer:

See below

Explanation:

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An increase in prices means that the dollar will buy fewer goods and services than it could previously. A high inflation rate means prices are increasing at a fast pace. The dollar will buy fewer goods, which translates to dollar weakening.

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To learn more about GDP, please check: brainly.com/question/15225458

#SPJ1

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