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NeTakaya
3 years ago
5

At the beginning of the current period, crane company had balances in accounts receivable of $192,800 and in allowance for doubt

ful accounts of $8,520 (credit). during the period, it had net credit sales of $722,500 and collections of $708,940. it wrote off as uncollectible accounts receivable of $7,972. however, a $3,275 account previously written off as uncollectible was recovered before the end of the current period. uncollectible accounts are estimated to total $22,740 at the end of the period. (omit cost of goods sold entries.) (a) prepare the entries to record sales and collections during the period. (b) prepare the entry to record the write-off of uncollectible accounts during the period. (c) prepare the entries to record the recovery of the uncollectible account during the period. (d) prepare the entry to record bad debt expense for the period. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (a) (to record sales) (b) (c) (to reinstate account previously written off) (d) link to text link to text determine the ending balances in accounts receivable and allowance for doubtful accounts. ending balance in accounts receivable $ ending balance in allowance for doubtful accounts $ link to text link to text what is the net realizable value of the receivables at the end of the period
Business
1 answer:
Ainat [17]3 years ago
6 0

This is too confusing

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In comparison with a financial statement prepared in conformity with generally accepted accounting principles, a managerial acco
adell [148]

Answer:

Be tailored to the specific needs of an individual decision maker.

Explanation:

A managerial account report is more likely to be tailored to the specific needs of an individual decision maker. This is usually In comparison with a financial statement prepared in conformity with generally accepted accounting principles,

The managerial account lays its focus on specific needs which the decision maker needs.

It doesn't do any of theses;

Focus upon the operating results of the most recently completed accounting period neither does it View the entire organization as the reporting entity.

7 0
3 years ago
Flitter reported net income of $25,500 for the past year. at the beginning of the year the company had $216,000 in assets and $6
Brut [27]

Answer:

There are two ways in which Return on Assets can be calculated depending on whether we consider Total assets at year-end or average total assets.

Return on Assets = \frac{Net Income}{Total Assets at year end}   1

                                                          or

Return on Assets = \frac{Net Income}{Average Assets}       2

Substituting the values in equation 1 we get,

Return on Assets = \frac{25500}{316000}

Return on Assets = \frac{25500}{316000}

Return on Assets = 0.080696203  or 8.07%

Substituting values in equation 2 we get,

Return on Assets = \frac{Net Income}{Average Assets}

Return on Assets = \frac{Net Income}{\frac{Assets at beginning + Assets at year end}{2}}

Return on Assets = \frac{25500}{\frac{216000 + 316000}{2}}

Return on Assets = \frac{25500}{266000}

Return on Assets = 0.095864662 or 9.58%

5 0
3 years ago
Những nhân tố ảnh hưởng đến hành vi mua hàng của người tiêu dùng là gì
sergey [27]

Nhận thức, động cơ, học tập, niềm tin và thái độ là tất cả các yếu tố tâm lý ảnh hưởng đến việc mua hàng của người tiêu dùng. Quá trình mọi người lựa chọn và giải thích thông tin để đưa ra quyết định mua hàng được gọi là nhận thức.

8 0
2 years ago
Apple anticipates it will sell 100,000 units in the coming year. It is considering investing in a new machine that will increase
Vilka [71]

Incomplete question. However, it would be inferred you want to know the requirements to calculate net income.

<u><em>Explanation</em></u>:

Remember, net income is total revenue minus total cost. Since Apple anticipates selling 100,000 units, if we assume the fixed cost to be $2,400 and the variable cost $34, and selling price unit is $150.

  • Total cost= 2400+ (34*100,000)= 3,400,000
  • Total Revenue= 150*100,000= $15,000,000
  • Net income= 15,000,000-3,400,000= $11,600,000

The Net income is therefore $11,600,000.

7 0
3 years ago
Jeremy is working on a spreadsheet. Which part of the information processing cycle will justify Jeremy's use of the spreadsheet
Tom [10]

Answer:

A

Explanation:

if its wrong than forsure d

7 0
3 years ago
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