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1 year ago

1) How many common shares are outstanding on each cash dividend date?

Business

1 answer:

zubka84 [21]1 year ago

5 0

Answer:

595,000

Explanation:

add all that up ad get your answer because it addition

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Monty Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,800 Allowance for

creativ13 [48]

Answer: The following journal entries apply:

a) Debit Bad debt expense $32,727.6

Credit Allowance for doubtful accounts $32,727.6

b) Debit Bad debt expense $37,017.6

Credit Allowance for doubtful accounts $37,017.6

Explanation: All the sales revenue are on credit to the tune of $806,700, however, there was sales return and allowance of $51,060, which has to be deducted from credit sales to arrive at the net credit sales of $755,640. This amount would be added to the accounts receivable of $132,800 to arrive at the total accounts receivable of $888,440.

a) 4% of $888,440 is $35,537.6. With credit balance of $2,810 in allowance for doubtful accounts, bad debt expense (addition) is $32,727.6 ($35,537.6 - $2,810).

b) 4% of $888,440 is $35,537.6 and there is a debit balance of $1,480 in allowance for doubtful accounts, bad debt expense (to reinstate allowance account to $35,537.6) is $37,017.6 ($35,537.6 + $1,480).

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3 years ago

Option 4: Threats Based on your own experiences shopping at Target and Walmart and the research you conducted: Identify 1-2 poss

Makovka662 [10]

Answer:

File is attached below

Explanation:

Download txt

6 0

3 years ago

Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have the

Nookie1986 [14]

The trial balances of the Cobras Incorporated as of the given date and position will tally a balance of $62,400.

<h3>What is a trial balance?</h3>

A table that contains all the debit and credit balances from all the ledger books of accounts of a business organization as on a given date is known as the trial balance of such organization.

The trial balance has been attached in the image for better understanding of the concept for the learners. Please refer to the same for more insights.

Hence, the concept of trial balance has been explained above.

Learn more about trial balance here:

brainly.com/question/15059786

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2 years ago

Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identified two

Ostrovityanka [42]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

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3 years ago

Assuming the expectations theory is the correct theory of the term structure, calculate the interest rates in the term structure

Trava [24]

Answer:

The plot of the yields is attached.

Explanation:

i) 6%, 7%, 8%, 7%, 6%

Interest rate on 1 year maturity = 6%/1 = 6%

Interest rate on2 year maturity = (6%+7%)/2 = 6.5%

Interest rate on 3 year maturity = (6%+7%+8%)/3 = 7%

Interest rate on 4 year maturity = (6% + 7% + 8% + 7%)/4 = 7%

Interest rate on 5 year maturity = (6% + 7% + 8% + 7% + 6%)/7 = 6.8%

ii)6%, 5%, 4%, 5%, 6%

Interest rate on 1 year maturity = 6%/1 = 6%

Interest rate on 2 year maturity = (6% + 5%)/2 = 5.5%

Interest rate on 3 year maturity = (6% + 5% + 4%)/3 = 5%

Interest rate on 4 year maturity = (6% + 5% + 4% + 5%)/4 = 5%

Interest rate on 5 year maturity = (6% + 5% + 4% + 5% + 6%)/5 = 5.2%

3 0

3 years ago