Reference no: EM132789938
Problem 1: When a company discounts an interest-bearing note at a bank with recourse
a.the company is assured payment at maturity.
b.the company has a contingent liability from the time the note is discounted until its maturity date.
c.the bank assumes the credit risk on non-payment at the maturity date.
d.the company will receive the full amount of the note plus interest.
Problem 2: On November 2, 2017, Quaint General Store concluded that a customer's $400 account receivable was uncollectible and that the account should be written off. What effect will this write-off have on Quaint's 2017 net income and balance sheet totals assuming the allowance method is used to account for bad debts?
a.No effect on net income; no effect on total assets
b.Increase in net income; no effect on total assets
c.No effect on net income; decrease in total assets
d.Decrease in net income; decrease in total assets
|
What is university h new profit at the equilibrium
: Imagine a university H that is the monopoly in the market for art degrees, with cost function C(Q) = 25Q^2 + 360. Imagine the inverse demand function
|
|
What is the balance of accounts receivable at december
: What is the balance of Accounts Receivable at December 31, 2017? Customer accounts written off as uncollectible during 2017 $8,000
|
|
Calculate consumer surplus and producer surplus
: Suppose a price floor is set at P = 5 and the government buys the surplus. Calculate the new consumer surplus and producer surplus.
|
|
What changes would you recommend ?and why
: GDP is the sum of all income earned in a country during a year.?Alternatively,?it can be thought of as the value of all production in an economy during a year.
|
|
What effect will write-off have on quaint
: What effect will this write-off have on Quaint's 2017 net income and balance sheet totals assuming the allowance method is used to account for bad debts?
|
|
Explain what motivates you to make the choices
: To what extent do you personally make purchasing choices based on a company's social responsibility, brand, or reputation? Explain what motivates you to make.
|
|
How to determine the corporation taxable income
: The firm sold stock that had been owned for 2 years for $40,000; the original cost of the stock was $30,000. How to determine the corporation's taxable income
|
|
Propose one specific market access solution on the offense
: Represent an actual or hypothetical service company looking to enter a foreign market, or compete in its domestic market against international competitors.
|
|
When are consolidated financial statements prepared
: On February 1, 2017, Vermont Corp. pays $50,000, Assume that Vermont sells the Stream stock on May 20, 2017, for $53,000. In this case, Vermont recognizes a(n)
|