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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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The complete question is given in the explanation box below and the solutions to the problem is shown in the pictures attached herewith accordingly. Thank you.

Explanation:

a. Determine the degrees of freedom for this test.

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6 0
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The following information relates to the manufacturing operations of the IMH Publishing Corporation for the year:Beginning Endin
LenKa [72]

Answer:

Raw materials purchased = $111,000

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given data

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Raw materials inventory     $47,000                        $50,000

Finished goods                     58,000                          50,000

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solution

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Raw materials purchased + beginning raw material = ending Raw materials + Raw materials used    ...................1

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6 0
3 years ago
Which of the following scenarios illustrates the law of demand?
Genrish500 [490]

Answer:

Option B is correct.

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In order to answer this question correctly, we first need to understand the law of demands.

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Option B is the most relevant to the Law of Demand which says that Kathleen eats more steak when the price is low. It means when the price is low, the quantity of steak demanded is higher in Kathleen's case. Furthermore, Kathleen eats less when the price is high. It means, when the price of steak is higher then the quantity of steak demanded from Kathleen is low.

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3 0
3 years ago
thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
oksian1 [2.3K]

Answer:

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Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as <u><em>how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.</em></u>

The strategy decision making about the industry and competitive conditions involve evaluating the prices, buyer sensitivity to the prices, serviceability & frequency.

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