Answer:
$39,220
Explanation:
The maturity value of the note receivable on June 30, 2012
= Principal + Interest
= $40,000 + $40,000 x 6%
= $40,000 + $2,400
= $ 42,400
The note is discounted on September 30, 2011. Time period remaining to go till maturity as on September 30, 2011
= 12 - 3 months ( July, Aug and Sep)
= 9 months.
Amount of deduction
= $ 42,400 x 10% x 9/12
= $ 3,180
Finally, the Cash received by Ireland will be
= Maturity value - Discount
= $42,400 - $ 3,180
= $39,220
Given:
Current ratio: 2.65
acid test ratio: 2.01
current liabilities: $45,000
Current ratio = current asset / current liabilities
2.65 = current assets / 45,000
2.65 * 45,000 = current assets
119,250 = current assets
Acid test ratio = (current assets - stocks) / current liabilities
2.01 = (current assets - stocks) / 45,000
2.01 * 45,000 = current assets - stocks
90,450 = current assets - stocks
119,250 - 90,450 = 28,800 is the dollar amount of merchandise inventory.
Listed on the statement are an EFT rent collection of $440, a service charge of $7, NSF checks totaling $50, and a $23 charge for printed checks.
<h3>What is
statement?</h3>
Frequently used in the field of project management is a statement of work (SOW). The work demand for a project is described in narrative form. For a vendor offering services to the client, it specifies project-specific tasks, products, and deadlines. Standard regulatory and governance terms and conditions, together with specific criteria and price, are usually included in the SOW. A master service agreement or request for proposals frequently have it as an essential annex (RFP).
For the hardware or software solutions outlined in the request for proposals, numerous statement of work document template formats and styles have been developed. Many businesses develop their own specialized or generalist SOWs that are specifically tailored to meet the requests and proposals they typically receive.
To learn more about statement from the given link:
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Answer:
$10,000
Explanation:
Net Credit Sales $250,000
Allowance for Doubtful Accounts $250,000*4%=$10,000
Bad Debt Expense will be $10,000
Bad Debt Expense Dr.$10,000
Allowance for Uncollectible Cr.$10,000
This is international strategy.
hope this helps!
