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At the end of the current year, Accounts Receivable has a balance of $700,000; Allowance for Doubtful accounts has a credit balance of $5,500; and net sales for the year total $3,500,000. Bad debt expense is estimated at 1/2 of 1% of net sales.Determine (a) the amount of the adjusting entry for uncollectible accounts; (b) the adjusted balances of Accounts Receivable, Allownaces of Doubtful Accounts; Bad Debt Expense; and (c) the net realizable value of accounts receivable.

Question:At the current year, Accounts Receivable has a balance of $700,000; allowance for DoubtfulAccounts has a credit balance of $5,500; and net sales for the year total $3,500,000. Bad debt…

 

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write my assignment 18680

[1] Spot RUB per one USD = 56.8139; one-year RUB interest rate = 7.75%; one-year USD interest rate = 1.75%. Answer with True or False:

a. The two-year forward exchange rate is RUB per one USD 63.119

b. The one-year RUB forward discount is 5.57%

c. The RUB is a premium currency because F > S

d. Both the spot and the forward rate are quoted European style

[2] Three months ago, Bank C bought 170 contracts of April 2018 short-term interest rate futures at a price of 98.20. The contract expires today, and the spot short-term interest rate is 2.35%. Answer with True or False:

a. Total profit USD 233,750

b. Profit per contract USD 1,375

c. Total loss USD 233,750

d. Loss per contract USD 1,375

[3] The March 2018 USD per one RUB contract trades at 0.01970 (contract size = RUB 2,500,000). The March 2018 USD per one EUR contract trades at 1.2030 (contract size = EUR 125,000). A trader who wishes to take a Long March RUB/Short March EUR position with a neutral view on the USD should use the following hedge ratio:

a. 3 RUB contracts per 1 EUR contract

b. 1 RUB contract per 3 EUR contracts

c. 1 RUB contract per 1 EUR contract

d. None of the above

[4] Spot USD per one GBP = 1.4165; one-year GBP interest rate = 3.50%; one-year USD interest rate = 1.75%. Answer with True or False:

a. The one-year forward exchange rate is GBP per one USD 0.7181

b. The one-year forward exchange rate is USD per one GBP 1.4409

c. The one-year forward exchange rate is USD per one GBP 1.3925

d. The one-year forward exchange rate is GBP per one USD 0.6940

e. The British pound trades at a forward discount to the US dollar.

f. The British pound trades at a forward premium to the US dollar.

 

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write my assignment 679

Problem 3-1A Identifying adjusting entries with explanations LO C3, P1For each of the following entries, enter the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters more than once.)A. To record receipt of unearned revenue.B. To record this period’s earning of prior unearned revenue.C. To record payment of an accrued expense.D. To record receipt of an accrued revenue.E. To record an accrued expense.F. To record an accrued revenue.G. To record this period’s use of a prepaid expense.H. To record payment of a prepaid expense.I. To record this period’s depreciation expense.

 

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write my assignment 10297

For the Case Study, you will provide a brief overview of the case, analyze the information, and draw a conclusion.

Do not use bullets, timelines or graphs. You need to synthesize the information in your words. No excessive spacing or quotations. throughout without excessive spacing between paragraphs. See the APA Publication Manual 6th ed. A minimum of 4 scholarly references should be used. Cite inside the test and at the end

Please save name your documents as follows: last name_wk4. For example, Jones_wk4

The study will briefly describe the events leading to the incident, legal considerations, analysis of the information, and a conclusion. You may select from the following case studies:

1) Sandy Hook, Elementary School, New Town Conn. or

2) *Any School/Campus active shooter incident you select. Incident must be cleared by your instructor by the end of week #2.

* Please refrain from researching the Virginia Tech or Columbine incidents since you will be addressing the incidents in discussion forum

 

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