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lara [203]
3 years ago
10

Snow​ productions, inc. reports a balance of​ $28,000 in accounts receivable and​ $3,450 in the allowance for uncollectible acco

unts. what is the net realizable value of the​ receivables?
Business
1 answer:
pochemuha3 years ago
5 0

On a company's balance sheet, accounts receivable is naturally stated as "accounts receivable, net." Meaning, accounts receivable minus the value of the allowance for doubtful or uncollectible accounts is equals to net realizable value. So for the problem, $28,000 - $3450 = $24,550 is the NRV.

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Using the following information, what is the amount of gross profit?​
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Answer:

Gross profit= $54,700

Explanation:

Giving the following information:

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<u>First, we need to calculate the cost of goods sold:</u>

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

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3 0
3 years ago
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Answer:

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The next step is to dtermine the value of non -controling interest in teh net income of Ramirez.

Non-Controlling Interest in Net Income = NCI percentge x Net Income

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Answer:

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