Question: Note 30 discusses credit risk faced by the company What
Note 30 discusses credit risk faced by the company. What is the credit risk that CAE faces? What are the economic consequences to CAE of not managing its credit risk well? What steps does (should) the company take to minimize its credit risk? Is it possible to eliminate the credit risk CAE faces? Explain. How does the company account for the existence credit risk?
Answer to relevant QuestionsThe second paragraph under accounts receivable in Note 1 explain that CAE is involved in a program in which can sell some of its accounts receivable. What's the maximum amount CAE can receive under the program? Why do you ...Explain and give examples of the following types of inventory:a. Raw materialsb. Work-in-processc. Finished goodsd. Supplies Why is it necessary to count inventory when a perpetual inventory control system is used? Explain. Why is it necessary to count inventory when a periodic inventory control system is used? Explain.At the 2017 year-end inventory count, some inventory is counted twice (the count shows more inventory than is really there). What is the impact of double-counting inventory on the 2017 and 2018 financial statements? Explain.The following information is provided for Heatherton Inc. (Heatherton):On October 31, 2018, Heatherton sold 4,800 units of inventory to customers.Required:Identify which inventory costs would be expensed in October 2018 and ...
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