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2 years ago

The main output of qualitative risk analysis is updating the

1 answer:

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The main output of qualitative risk analysis is updating the risk register with the probability, influence, score, and comments. Based on the scores and your urgency assessment, prioritize your threat. Some risks will demand further analysis, and those goes into the quantitative threat analysis process.

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Adelphi Company purchased a machine on January 1, 2017, for $70,000. The machine was estimated to have a service life of ten yea

mestny [16]

Answer:

Loss on Sale of Non-Current Asset is -$5,672.

Explanation:

The key points to remember here are:

We compare Carrying Value (Cost - Accumulated Depreciation) with Selling Price to calculate gain/loss.
Adelphi Company has used the machine for 4 years. So, deduct the depreciation of 4 years from the Cost of Machine.
Double-Declining Rate is calculated as (1/10)*(2) = 20%. Multiply this rate with the Carrying value of each year to get the depreciation figure for next year.

I've attached a screenshot of my workings, I hope it will help you better understand the scenario. Thanks!

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2 years ago

erry, a partner in the JSK partnership, begins the year on January 1, 2011 with a capital balance of $20,000. The JSK partnershi

Ludmilka [50]

Answer:

Check the explanation

Explanation:

The amount of interest<u><em> (Which is calculated as a fraction or percentage of a loan (or savings) balance that is being paid to the borrower on a periodic basis for the privilege of making use of their money. The sum is typically quoted as an annual rate, but the interest can be calculated for some periods that are longer or shorter than one year.)</em></u> that will be attributed to Jerry for the year 2011 which is supposed to point toward his profit distribution for the year can be seen I the attached image below.

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2 years ago

Beta Corporation wrote off $100,000 due from a specific client in March 2011. However, this client was able to make a Partial pa

Otrada [13]

Answer:

Option D Allowance for noncollectable Accounts.

Explanation:

The bad debt recovery recording is a two step process.

Step 1 Reverse the entry of bad debt with the amount received

Dr Trade Receivable $40,000

Cr Bad debts $40,000

Step 2 Now record the receipt of amount as a reduction in trade receivable and increase in cash asset.

Dr Cash $40,000

Cr Trade Receivables $40,000

The only account unconsidered here was Allowance for the noncollectable account.

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3 years ago

Rolfes Company purchased merchandise on account from a supplier for $7,500, terms 1/10, n/30. Rolfes Company returned $1,200 of

Blababa [14]

Answer:

$6,237

Explanation:

The computation of the cash required for the payment is shown below:

= Merchandise amount - return and allowances - discount

= $7,500 - $1,200 - $63

= $6,237

The discount = (Merchandise amount - return and allowances) × discount rate

= ($7,500 - $1,200) × 1%

= $63

Simply we consider the items i.e merchandise purchase amount, returned merchandise amount and the discount given amount

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2 years ago

Under what circumstance would agency conflict be most likely to increase? When owners are very close to the business. When owner

IRINA_888 [86]

Answer:

When owners are separated from the business

Explanation:

Agency conflict arises when ownership is separated from management and management have to take decision to maximize wealth of owner instead of themselves.

Hence when owners are separated from the business is the correct answer.

7 0

2 years ago