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Marianna [84]
4 years ago
8

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $726,887 and Allo

wance for Doubtful Accounts has a balance of $23,312. What is the net realizable value of accounts receivable?
Business
1 answer:
In-s [12.5K]4 years ago
4 0

Answer:

$703,575

Explanation:

The computation of the net realizable value of accounts receivable is shown below:-

Net realizable value of accounts receivable = Accounts Receivable -  Allowance for doubtful accounts

= $726,887 - $23,312

= $703,575

So, for computing the net realizable value of accounts receivable we simply applied the above formula.

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Wickland company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $108,000.
Murrr4er [49]
The machines' second-year depreciation under the straight-line method is $26,500.
To determine the depreciation amount using the straight-line method, we have to consider the machine's useful life only as the depreciation basis. The formula used for the calculation is: (Asset value-salvage value)/asset's useful life.
5 0
3 years ago
Bill is a single taxpayer and is 38 years of age. In 2018, his salary is $28,000 and he has interest income of $1,500. In additi
butalik [34]

Answer:

a. $29,500

b. $28,100

c. $12,000

d. $16,100

Explanation:

The computation is shown below:

a. Gross income

= Salary + interest income

= $28,000 + $1,500

= $29,500

b. Adjusted gross income

=  Gross income - deductions for adjusted gross income

= 29,500 - $1,400

= $28,100

c. The standard deduction or itemized deduction for the year 2018 is $12,000

d. Taxable income

= Adjusted gross income - standardized deductions

= $28,100 - $12,000

= $16,100

8 0
3 years ago
Decision Point: Choosing Your Shake's Packaging You've selected the formula for the turmeric shake. You now need to decide on th
lions [1.4K]

Answer:

Drink pouch

Explanation:

The Drink pouch will the best best choice for the packaging of the turmeric shake. It is 12 ounce drink pouches that are fitted with screw tops which are resealable, lightweight and portable. The pouches are inexpensive to purchase.

It is the best choice as the customers wants the packaging style that offers them the convenience in storage as well as in consumption. The drink pouches are designed such that it can be resealed and the lightweight of packaging material is convenient to carry places. Also the cost of the drink pouch is 12 ounce which  keeps the production cost low, that preserves in the Fine Fettle's profit margin.

7 0
3 years ago
A city Enterprise Fund was awarded an operating grant during the fiscal year. Assuming qualifying costs were incurred during the
Anvisha [2.4K]

Answer:

the Correct Answer is " Non-operating revenues"

Explanation:

A city Enterprise Fund got a working award during the monetary year. The Enterprise Fund will report this award on the announcement of incomes, costs, and changes in net situation as Non-operating revenues. However, Non-operating revenues is the segment of an association's salary that is gotten from exercises not identified with its center business activities. It can incorporate things, for example, profit salary, benefits or misfortunes from ventures, just as additions or misfortunes brought about by outside trade, and resource compose downs.

3 0
3 years ago
In what way does the strategic alliance between gm and lyft allow gm to hedge against uncertainty?.
san4es73 [151]

The strategic alliance between GM and Lyft allows GM to hedge against uncertainty by giving GM access to the market of the future, increasing its market innovation.

Through this strategic alliance, GM demonstrates innovation in its processes by investing in a car rental market, as there is an expectation that in the future there will be a drastic reduction in private cars.

<h3 /><h3>What is a strategic alliance?</h3>

Corresponds to an agreement between two or more companies, where there is an independent partnership for sharing organizational resources, such as technology, market and knowledge.

Therefore, through the partnership with Lyft, GM is already entering an innovative and expanding market, developing its positioning strategy for the future.

Find out more about strategic alliance here:

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6 0
2 years ago
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