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2 years ago

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After the accounts are adjusted and closed at the end of the fiscal year, accounts receivable has a balance of $340,000 and allo

wance for doubtful accounts has a balance of $51,000. what is the net realizable value of accounts receivable

1 answer:

bija089 [108]2 years ago

3 0

340,000-51,000=$289,000

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Net income $160,000 Preferred dividends $10,000 Shares of common stock outstanding 20,000 Market price per share of common stock

Luden [163]

Answer:

The company's earnings per share on common stock is $7.50

Explanation:

Given data

Net income N = $160,000

Preferred dividends D = $10,000

common stock outstanding C = 20,000

Market price P = $35 / share

to find out

earnings per share on common stock is

solution

we will find earning per share that is given by

Earnings per share = (net income - preferred dividend ) / common stock outstanding

so now put all these value in this equation we get

Earnings per share = ( 160,000 - 10,000 ) / 20,000

Earnings per share = ( 150,000 ) / 20,000

Earnings per share = 7.5

so The company's earnings per share on common stock is $7.50

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3 years ago

Discuss the importance of customer service from

Svetach [21]

Answer:

Explanation:

cheating money. In order to feed this pile of mouths to eat, and at the same time pump water from the whole fraud line, Guo Wengui makes every effort to create identity and cheat money. In order to make a show, even big and small swindlers were sent to Poland to "save the refugees", claiming to call Hercules transport plane to transport the refugees out of Ukraine. As a result, after the swindlers arrived in Poland in a group, there were more cameras than transport planes, more publicity materials than medical products, and even huge billboards were erected in refugee camps to "take down CCP" 24 hours a day, which made refugees unable to rest normally, forcing them to cut the wires of billboards. The UNHCR staff can't stand this kind of behavior, not only forbidding them to make a show in front of the bus that transports refugees, but also directly reprimanding their "political rescue" activities. But think about it, too. The revolution of breaking the news calls itself "volunteers take the lead", but how many of them are volunteers who really do things, and how many of them are "volunteers" who are thinking about fishing for the wrong door, taking profits, climbing the high position and cutting leeks?

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1 year ago

An increase in property value is called

vaieri [72.5K]

Answer:

An increase in property value is called appreciation.

8 0

1 year ago

Read 2 more answers

A debt-free firm has total sales of $22,980, costs of $14,715, and depreciation of $6,045. What is the operating cash flow at a

Fantom [35]

Answer:

$7,754.4

Explanation:

Given the above information, first we need to calculate profit before tax

Profit before tax = Total sales - Cost of goods sold - depreciation

= $22,980 - $14,715 - $6,045

= $2,220

Profit before tax = $2,220

Tax rate = 23%

Then, we will calculate

Net profit before tax

= Profit before tax × ( 1 - tax rate)

= $2,220 × ( 1 - 23%)

= $1,709.4

Then,

Operating cash flow

= Net profit + depreciation

= $1,709.4 + $6,045

= $7,754.4

7 0

2 years ago

When a company receives an interest-bearing note receivable, it will A. debit Notes Receivable for the maturity value of the not

Mkey [24]

Answer:

B. debit Notes Receivable for the face value of the note.

Explanation:

Whenever a note is receivable, it is an asset as the amount will be collected in the future, that is with exchange of such asset there is a benefit defined in terms of cash to be received by the the company.

Therefore, it will be a debit and not the credit.

Whenever a notes receivables with interest bearing element is received then the asset is carried at face value, that is recorded at face value.

As the interest to be received is part of income and not asset, therefore, notes receivables will be recorded at face value.

The correct option is:

B. debit Notes Receivable for the face value of the note.

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3 years ago