Answer:
The balance of uncollectible accounts after the adjustment will be $15,000
Explanation:
On December 31, the balance of the accounts receivable is $300,000 and on same data it is suggested that the 5% of the account receivable will be not be collected.
So, the balance of the uncollectible accounts will be computed as:
Uncollectible accounts = Account receivable balance × % which will not collected
where
Account receivable balance is $300,000
% which will not be collected is 5%
Putting the values above:
= $300,000 × 5%
= $15,000
NOTE: The allowance for uncollectible accounts of $1,000, already credited, so will not be considered again.
Answer:c. 12.0%
Explanation:Return on Investment (ROI) is a measure used by firms in order to determine how effective an investment is in terms of gains from its proceeds when compared to the amount invested .
Given
Yellowday Energy margin as 3%
turnover= 4.0 and sales as $50million,
we can calculate the ROI,Return on Investment , as the Profit margin multiplied by turnover
ROI = Profit Margin x Turnover
= 3% x 4.0
= 0.03 x 4.0
=0.12
0.12 x 100
= 12.0%
Answer:
Total= $77,300
Explanation:
Giving the following information:
lost, damaged, and stolen merchandise normally amounted to 5 percent of the inventory balance. On June 14, Essary's warehouse was destroyed by fire. Just before the fire, the accounting records contained a $136,000 balance in the Inventory account. However, inventory costing $16,900 had been sold and delivered to customers but had not been recorded in the books at the time of the fire. The fire did not affect the showroom, which contained inventory that cost $35,000.
Accounting record= 136,000
Normal Damaged merchandise= 136,000*0.05= 6,800 (-)
Sold inventory= 16,900 (-)
Showroom= 35,000 (-)
Total= $77,300
Answer:
he opened a car company for a better tommorow
