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Anastasy [175]
3 years ago
8

The accounts receivable balance is $1,000,000. After adjustment, the allowance for doubtful account balance is $40,000. Net Sale

s were $12,000,000 and COGS was $8,000. What is the net realizable value of the receivables?
Business
2 answers:
lesya [120]3 years ago
6 0

Answer:

The net realizable value from receivables is $960,000

Explanation:

Net realizable value of accounts receivable as the name indicates is the amount of cash that be reasonably realized from the balance of accounts receivable the company has.

The net realizable value is usually the value of accounts receivable less estimated allowance for doubtful account.

The net realizable value from the receivables is computed thus:

Accounts receivable balance            $1,000,000

Allowance for doubtful account          ($40,000)

net realizable value of receivables   $960,000

larisa86 [58]3 years ago
3 0

Answer:

$960,000

Explanation:

The net realizable value is the total cash that the company will expect to receive from their accounts receivable. The net realizable value (NRV) can be determined by:

NRV = total accounts receivable - allowance for doubtful accounts = $1,000,000 - $40,000 = $960,000

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EleoNora [17]

Answer: One-third

Explanation:

The impact of technology in our everyday life cannot be understated. Technology has made life easier by simplifying our work lives and personal lives. In the restaurant industry, technological terms such as artificial intelligence, mobile apps, smart devices etc are now common in the industry.

Technology helps in making work easier. This can be noticeable in knowing the food cost percentage of a restaurant. Through technology, the food cost percentage of a restaurant can now be known in one third of the time used before technology came into place.

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2 years ago
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An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 9% yields, what yield must municipals
Mkey [24]

Answer:

after tax yield on corporate bonds  = 6.3 %

Explanation:

given data

federal plus state tax bracket = 30%

corporate bonds  yields = 9%

solution

we get here yield that must municipals offer for the investor is express as

after tax yield on corporate bonds = corporate bonds  yields × ( 1 - federal plus state tax bracket  )   ......................1

put here value and we will get

after tax yield on corporate bonds = 9% × ( 1 - 30% )

after tax yield on corporate bonds = 0.09 × ( 1 - 0.30 )

after tax yield on corporate bonds  = 0.063

after tax yield on corporate bonds  = 6.3 %

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2 years ago
Which three factors decrease because of protectionism? competition job security domestic production goodwill with trade partners
ludmilkaskok [199]

answer:

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jenyasd209 [6]

Answer:

The correct answers are,

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  • -Ladonna is self-employed and meets with customer dinner office to provide Financial advice ​

Explanation:

financial advisory is an important aspect in the business world and is important for the companies and start ups to smartly and effectively utilize their finances.

most of the time, those who are in the profession of "financial advisory" are carefully monitored by regulatory bodies such as the securities and exchange commissions and related professional body.

in this scenario, investment officers and stock brokers are shown, all fall under the category of advisers.

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madreJ [45]

If real GDP is $200 billion, full employment GDP is $400 billion, and the marginal propensity to consume is 0.75, then Congress should-----

increase government purchases by spending by $50 billion.

What is marginal propensity?

In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.

Full employment:

is an economic situation in which all available labor resources are being used in the most efficient way possible. Full employment embodies the highest amount of skilled and unskilled labor that can be employed within an economy at any given time.

Learn more about real GDP:

brainly.com/question/24156212

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