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WITCHER [35]
2 years ago
8

Ophelia Inc. just learned that Patton Inc., one of its customers with an outstanding accounts receivable balance, filed for bank

ruptcy. Assuming that the company utilizes the allowance method, Ophelia should record a(n): Multiple choice question. increase in Sales Revenue decrease in Accounts Receivable increase in Accounts Receivable increase in Allowance for Doubtful Accounts decrease in Sales Revenue
Business
1 answer:
wlad13 [49]2 years ago
4 0

Answer:

Ophelia Inc.

Assuming that the company utilizes the allowance method, Ophelia should record a(n):

decrease in Accounts Receivable

Explanation:

This means that the accounts receivable will be credited while the allowance for doubtful accounts is debited to record the decreased value.  The Patton Inc. account may not be recovered fully.  However, the amount of the decrease depends on the amount that can be recovered from Patton.  Thereupon, the accounts receivable will first be credited with the cash recovered with the corresponding debit entry in the Cash account.

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Assume that the interest rate on borrowings in south korea is 1 percent, but the interest rate on deposits in british banks is 7
Vikentia [17]

<u>The trader involved is in carry trade. </u>

<u> </u>

Further Explanation:

Carry Trade: It is defined as a strategy that is used in trading which involves borrowing money at a lower rate of interest and investing in an asset that gives a higher rate of return. It involves borrowing money in a currency that is having a low rate of interest and convert the borrowed sum of money into other currency. The amount is then placed in a deposit in the currency that offers a high-interest rate. It invests in the assets like bonds, stocks, real estate, or commodities that are designated in the other currency.

The two risks that are involved in carry trade are the risk of decline in the price of the assets in which investment is made and exchange risk. This is common in the Foreign exchange market.

<u> Therefore, the trader is involved in carry trade. </u>

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Answer details:

Grade: High School

Subject: Economics

Chapter: Types of trade

 

Keywords: the interest rate, South Korea, 1 percent, deposits in British banks, 7 percent, a trader, 1 million South Korean won, British pounds, deposits in a British bank, carry trade, trade involved in, FX market.

5 0
2 years ago
Even though Carol shows sociability aggression apathy , she lacks responsibility self-esteem honesty
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Sounds like she needs a meeting with her supervisor and hr director. Any privilege of being paid comes with responsibility to the job role and team members, where she'll be held accountable for her deliverables by her boss.
8 0
3 years ago
In its income statement for the year ended December 31, 2022, Whispering Winds Corp. reported the following condensed data. Oper
vagabundo [1.1K]

The Multiple Income Statement is $127,000.

<h3>Multiple Income Statement</h3>

Multiple Income Statement For the Year Ending Dec. 31, 2022

Particulars Amount ($)

Net sales 2,199,000

Less: Cost of goods sold 1,255,000

Gross profit 944,000

(2,199,000-1,255,000)

Less: Operating expenses 719,000

Operating income 225,000

(944,000-719,000)

Other revenue:

Interest revenue 32,000

Other expenses and losses:

Interest expense 70,000

Add: Loss on disposal of plant assets 16,000

Total other expenses and losses 86,000

(70,000+18,000)

Income before tax  171,000

(225,000+32,000-86,000)

Less: Income tax expense 44,000

Net income 127,000

(171,000-44,000)

Therefore the Multiple Income Statement is $127,000.

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5 0
2 years ago
Sally Fuller is a buyer for GWA publishing company. Her job is to purchase supplies and services for the printing of technical m
nignag [31]

Answer:

B. Pass-through scheme.

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Pass-through Billing: Pass-through billing schemes occur when a provider, such as a physician or hospital, pays a laboratory to perform their tests and then files the claims as though they had performed the tests themselves.

8 0
3 years ago
Elizabeth Kennedy sells beauty supplies. Her annual demand for a particular skin sparkle is 17,000 units. The cost of placing an
elena-s [515]

Answer:

The minimum cost will be "$214085".

Explanation:

D = 1700 units \\\\S =  \$ 50 \\\\H=  20%\\

i) When quantity = 1-1500,  price = $ 12.50 , and holding price is $12.50 * 20 %= $2.50.

ii) When quantity = 1501 -10,000,  price = $ 12.45 , and holding price is $12.45 * 20 %= $2.49.

iii) When quantity = 10,0001- and more,  price = $ 12.40 , and holding price is $12.40 * 20 %= $2.48.

EOQ= \sqrt{\frac{2DS}{H}} \\\\EOQ1= \sqrt{\frac{2\times 17000\times 50}{2.50}} \\\\EOQ1=824.62 \ \ \ or \ \ \ 825\\

EOQ2= \sqrt{\frac{2\times 17000\times 50}{2.49}} \\\\EOQ1=826.2T \ \ \ or \ \ \ 826\\

EOQ3= \sqrt{\frac{2\times 17000\times 50}{2.48}} \\\\EOQ3=827.93 \ \ \ or \ \ \ 828\\

know we should calculate the total cost of EOQ1 and break ever points (1501 to 10,000)units

total \ cost = odering \ cost + holding \ cost + \ Annual \ product \ cost\\\\total_c  = \frac{D}{Q} \times S +  \frac{Q}{2} \times H + (p \times D) \\\\T_c  = \frac{17000}{825} \times 50+  \frac{825}{2} \times 2.50 + (12.50 \times 17000)\\\\T_c = 1030 .30 +1031.25+212500\\\\T_c =$ 214561.55\\\\

T_c  = \frac{17000}{1501} \times 50+  \frac{1501}{2} \times 2.49 + (12.45 \times 17000)\\\\T_c = 566.28 +1868.74+211650\\\\T_c =$ 214085.02 \ \ \ or \ \ \  $ 214085\\\\

T_c  = \frac{17000}{10001} \times 50+  \frac{10001}{2} \times 2.48 + (12.40 \times 17000)\\\\T_c = 84.99+ 12401.24+210800\\\\T_c =$ 223286.23 \\

The total cost is less then 15001. So, optimal order quantity is 1501, that's why cost is = $214085.

5 0
3 years ago
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