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3 years ago

Q 8.6: what happens if the amount of uncollectible account expense is overstated at year end?

1 answer:

7 0

<span>What happens if the amount of uncollectible account expense is overstated at year end? Net accounts receivable with be understated.

If one aspect of the expensive account is overstated the other will be understated typically to make up for the incorrect documentation of money somewhere. To find the net receivables you subtract the allowance for doubtful accounts from the gross amount of accounts receivable outstanding.
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The following information concerning a proposed capital budgeting project has been provided by Jochum Corporation: Click here to

Mekhanik [1.2K]

Answer:

Correct option $170,803

Explanation:

Consider the following calculation

NPV = -168000 - 24000 + ((640000 - 466000 - 42000)*(1 - .35)+42000)*PVAF(12%, 4 years) - 55000*PVF(12%, 3 year) + 24000*PVF (12%, 4 year)

= -192000 + 127800*3.03735 - 55000*.71178 + 24000*.6355

= 172.277

3 0

3 years ago

Under which circumstances is it permitted to share an unclassified draft document

ryzh [129]

The circumstances upon which it is permitted to share an unclassified draft document is:

"when the document is approved for public release."

According to regulations guiding business operations, it can share an unclassified draft document if and when it is approved for public sharing.

At this point, individuals may share such documents outside of DoD.

Hence, in this case, it is concluded that an individual is permitted to share unclassified draft documents with a non-DoD professional discussion group.

Learn more here: brainly.com/question/17635504

4 0

3 years ago

You are considering how to invest part of your retirement savings.You have decided to put $400,000 into three stocks: 61% of th

Vikki [24]

Answer:

a. Number of shares of GoldFinger = 61%*400000/24

Number of shares of GoldFinger = 10166.6667

Number of shares of Moosehead = 24%*400,000/73

Number of shares of Moosehead = 1315.0685

Number of shares of Venture Associates = (1 - 61% - 24%) * 400,000/9

Number of shares of Venture Associates = 15% * 400,000/9

Number of shares of Venture Associates = 6666.6667

New value of the portfolio = 10166.6667*$43 + 1315.0685*$67 + 6666.6667*$6

New value of the portfolio = $437,166.6681 + $88,109.5895 + $40000.0002

New value of the portfolio = $565,276.2578

b. The return that the portfolio earn is = ($565,276.2578 - $400,000) / $400,000 = $165,276.2578 / $400,000 = 0.4131906445 = 41.32%

c. Weight of Goldfinger is now = (10166.6667*$43) / $565,276.2578

= $437166.6681 / $565,276.2578

= 0.7734

= 77.34%

Weight of Moosehead is now = (1315.0685*$67) / $565,276.2578

= $88109.5895 / $565,276.2578

= 0.15587

= 15.59%

Weight of Venture is now = 100% - 77.34 - 15.59%

= 7.07%

5 0

3 years ago

The 10% bonds payable of Yano Company had a net carrying amount of $950,000 on December 31, 2020. The bonds, which had a face va

soldi70 [24.7K]

Answer: 63,000

Explanation: First, take the carrying value of the bonds at the market interest rate (bond interest expense) and subtract bond interest paid to find the amortized amount: carrying amount is $950,000 with an effective interest rate of 12%.

However, interest is paid semiannually, so all interest rates should be adjusted for semiannual payments: the bond interest expense is $950,000 X 12% x 1/2 = $57,000.

The bond interest paid is the face value x stated interest rate x time period or ($1,000,000 x 10% x 1/2) or $50,000.

The amortized amount is $7,000 ($57,000 – $50,000). The new carrying amount is then $950,000 + $7,000 = $957,000.

Then find the repurchase price $1,000,000 X 1.02 = $1,020,000.

Finally, subtract the purchase price from the carrying amount: $1,020,000 - $957,000 = $63,000 loss on retirement of bonds.

5 0

2 years ago

Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000

Sedaia [141]

Answer:

$75,000

Explanation:

Given that,

Unit selling price = $50

Unit variable costs = $35

Fixed costs = $125,000

current sales = 10,000 units

Contribution margin per unit:

= Selling price per unit - unit variable costs

= $50 - $35

= $15

Change in Operating income if sales increase by 5,000 units:

= Increase in sales × Contribution margin per unit

= 5,000 units × $15

= $75,000

3 0

3 years ago