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3 years ago

Colin listed his assets and liabilities on a personal balance sheet.

Business

2 answers:

nata0808 [166]3 years ago

8 0

Answer:

Explanation:

sergij07 [2.7K]3 years ago

4 0

Explain why the president has to be

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A company that uses the allowance method, writesminusoff a receivable of $ 6 comma 000. Prior to the journal entry, the credit

o-na [289]

Answer:

The net realizable value of Accounts Receivable = 1,985,538

Explanation:

The journal entry will be: Allowance for Uncollectible Accounts (Debit - Decreased) 6,000 and Accounts Receivable (Credit - Decreased) 6,000.

After the journal entry the credit balance in the Allowance for Uncollectible Accounts will be: 2,005,000 - 6000 = 1,999,000, and the debit balance in Allowance for Uncollectible Accounts will be: 19,462 - 6,000 = 13,462.

Then net realizable value of Accounts Receivable will be: 1,999,000 - 13,462 = 1,985,538.

3 0

3 years ago

In risk management, what does risk evaluation involve?

Annette [7]

In risk management, risk evaluation involve Risk resolution. The evaluation process is carried out by management.

Risk is the threat of things going wrong or having a negative impact on the operations of the organization. The risk can be of many types including and not limited to audit risk, control risk, credit risk, business risk, inherent risk, financial risk and more.

Risk is evaluated by the management to minimize the effects and mitigate the risk. There are several steps that are performed to analyze the risk and many ways are there to lower the effects of risk.

Risk resolution is the management strategies to analyze the risk and the best ways to mitigate the effects. Transfer the risk, avoid the risk by changing the decision, reduce and accept.

Learn more about Risk at brainly.com/question/27247805

#SPJ1

4 0

2 years ago

Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $70,000 and $3,600, r

tatyana61 [14]

Answer:

Uncollectible account expense $8,600

Explanation:

The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:

Allowance account - Beg year 2 $3,600 Credit

Written off account $6,600 Debited by

Unadjusted balance in Allowance account $3000 Debit

Adjusted balance required in Allowance account $5,600 Credit

Uncollectible account expense $8,600

6 0

3 years ago

It is January 2nd. Senior management of Digby meets to determine their investment plan for the year. The current long-term debt

atroni [7]

Answer:

A) Total investment for Digby will be $2,518,806

D) Long term debt will increase from $33,862,062 to $34,888,934

Explanation:

The current Long-term debt is $33,862,062

Digby issues new shares of 50,000 with stock price $20.54.

50,000 shares * $20.45 = $1,027,000

Assets of Digby will rise by,

Assets / Equity = 2.45

Assets / $1,027,000 = 2.45

Assets = 2.45 * $1,027,000

Assets = $2,516,150

6 0

3 years ago

Read 2 more answers

The basic premise of ______ is that firms should establish objectives and evaluate strategies on criteria other than using only

mart [117]

Answer:

D, balanced scorecard

Explanation:

A balanced scorecard is a management strategy in which managers are able to assess the amount of job done by employees under their area of control.

It also helps to see whatever complications or success that are as a result of the job done by the employees.

A balance scorecard involves the satisfaction of customers by how much time, quality of service, performance of service, among other things. Also, the balance scorecard is helps to focus on some other important roles that could affect customer satisfaction.

Cheers.

3 0

3 years ago