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3 years ago

A. Calculate the total estimated bad debts on the below information.

Business

1 answer:

Rudik [331]3 years ago

5 0

Answer:

The answer is below;

Explanation:

b. Allowance for Doubtful Accounts Dr.$4,000

Bad Debts Cr.$4,000

c. Bad Debt Expense Dr.$5,000

Account Receivable Cr.$5,000

d. 1)Account Receivable Dr.$5,000

Bad Debt Expense Cr.$5,000

2)Cash Dr.$5,000

Account Receivable Cr.$,5000

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3 years ago

On December 31, 2017, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $102,049, accepting $40,000 do

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Answer:

Loan Amortization Table is attached with this answer, please find it

Explanation:

First of all we calculate the Loan Payment per period

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3 years ago

Seattle Health Plans currently uses zero-debt financing. Its operating profit is $6 million, and it pays taxes at a 23 percent r

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Answer: ROE increases by 56.5% to 102.7%

Explanation:

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2 years ago

The market value of Fords' equity, preferred stock and debt are $ 6 billion, $ 2 billion, and $ 12 billion, respectively. Fo

aniked [119]

Answer:

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Explanation:

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WACC = Cost of equity x Weight of Equity + Cost of Debt x Weight of Debt + Cost of Preference Stock x Weight of Preference Stock

Remember to use the After tax cost of debt :

After tax cost of debt = Interest x (1 - tax rate)

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Cost of equity = Return from Risk free security + Beta x Risk Premium

= 4.00 % + 1.8 x 8.00%

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3 years ago