If a company reports a receivable denominated in Euros (€) and the $US weakens vis-à-vis the Euro: Group of answer choices The company will accrue the gain in its financial statements as of the reporting date, even before the receivable is collected. The company will accrue the loss in its financial statements as of the reporting date, even before the receivable is collected. The company will not report the change in the relative value of the receivable until the receivable is collected. The company will recognize the increase in the $US value of the receivable on its balance sheet as of the statement date, but the unrealized gain will not be recognized in its income statement until the receivable is collected.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)