the answer is b. Checking account
Answer: See explanation
Explanation:
a. The amount of the adjusting entry for uncollectible accounts will be:
= Estimated balance required in Allowance account - Unadjusted balance existing in Allowance account
= $14800 - $4000
= $10800
b. The adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense will be:
Account receivables = $440,000
Allowance for Doubtful accounts = $14,800
Bad Debt expense = $10800
c. The net realizable value of accounts receivable will be:
= Account receivables - Allowance for Doubtful accounts
= $440,000 - $14800
= $425200
Answer:
$156,000
Explanation:
Calculation to determine what The number of shares to be used in computing diluted earnings per share for the quarter is:
First step is to calculate the Net effect
Net effect=$27,000*$7/ $9 = $21,000
Net effect=$27,000k - $21,000
Net effect=$6,000
Now let calculate The number of shares to be used in computing diluted earnings per share for the quarter is
Numbers of shares =150,000 + 6,000
Numbers of shares= 156,000
Diluted EPS= 25,000/ 156,000
Answer:
Terminal depreciation based on square footage ( A )
Explanation:
The operating costs that the company will classify as unavoidable would be the Terminal depreciation based on square footage. this is because the terminal depreciation of the club is unavoidable whether the club is closed or opened. because the terminal depreciation is based on square footage and the coat of operating that space either as a club or expanding the seating area is unavoidable for the company,
Answer: $231,000
Explanation:
The budgeted cash receipts in October is:
= (85% * October sales) + (15% * September sales)
= (85% * 225,000) + (15% * 265,000)
= 191,250 + 39,750
= $231,000
