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emmasim [6.3K]
3 years ago
8

A company that uses the allowance​ method, writesminusoff a receivable of $ 6 comma 000. Prior to the journal​ entry, the credit

balance in the Allowance for Uncollectible Accounts was $ 19 comma 432 and Accounts Receivable were $ 2 comma 005 comma 000. After the entry to writeminusoff the receivable is​ made, the net realizable value of Accounts Receivable will​ be: _______
Business
1 answer:
o-na [289]3 years ago
3 0

Answer:

The net realizable value of Accounts Receivable = 1,985,538

Explanation:

The journal​ entry will be: Allowance for Uncollectible Accounts (Debit - Decreased) 6,000 and Accounts Receivable (Credit - Decreased) 6,000.

After the journal​ entry the credit balance in the Allowance for Uncollectible Accounts will be: 2,005,000 - 6000 = 1,999,000, and the debit balance in Allowance for Uncollectible Accounts will be: 19,462 - 6,000 = 13,462.

Then net realizable value of Accounts Receivable will be: 1,999,000 - 13,462 = 1,985,538.

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Using the categories of liquidity, profitability and operations management describe which ratios would be used and why to determ
NNADVOKAT [17]

The ratio that is mostly used to determine whether or not a loans officer at the bank would loan a business money is known as the debt-to-equity ratio.

<h3>What is the debt-to-equity ratio?</h3>

This refers to the ratio that allows to measure of the relative contribution of the creditors and shareholders or owners in the capital employed in business.

The debt-to-equity ratio provides an insight into a company's use of debt. When the company have a high D/E ratio, it is considered a higher risk to lenders and investors because it suggests that the company is financing a significant amount of its potential growth through borrowing.

Therefore, the ratio that is mostly used to determine whether or not a loans officer at the bank would loan a business money is known as the debt-to-equity ratio.

Read more about debt-to-equity ratio

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8 0
1 year ago
Poe Company is considering the purchase of new equipment costing $80,000. The projected net cash flows are $35,000 for the first
Dmitriy789 [7]

Answer:

NPV = $23,773.65

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $-80,000

Cash flow each year for 1 and 2 = $35,000

Cash flow each year for 3 and 4 = $30,000

I = 10%

NPV = $23,773.65

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

4 0
3 years ago
The government of Diarmina recently passed a law that requires foreign companies to partner with Diarminian companies if they wa
baherus [9]

Answer:

C) policy uncertainty

Explanation:

  • Policy uncertainty is the class of economic risks associated with the irregular economic policy of a particular country's government. Policy uncertainty discourages investment and increases the investment risk factor of the economy.
  • This can come from the regime's volatile and unpredictable monetary or fiscal policy or unpredictable regulatory framework.

so correct answer is C) policy uncertainty

5 0
3 years ago
Compute the requested value. Choose the correct answer.
Deffense [45]
The answer is <span>155.53

</span><span>The cost is $138.25. This is 100%.
The </span>desired markup is 12.5%. Let x be the price after t<span>he desired markup. x is 112.5% (100% + 12.5% = 112.5%).

Again:
</span>$138.25 is 100%
x is 112.5%

Make the proportion:
$138.25 : 100% = x : 112.5%
x = $138.25 * 112.5% : 100%
x = $155.53
3 0
4 years ago
Read 2 more answers
This year, State A raised revenues by increasing its general sales tax rate from 5 percent to 6 percent. Because of the increase
Zielflug [23.3K]

Answer:

a. $2,600,000

b. $2,500,000

Explanation:

The computation is shown below:

a. The additional revenue raised by State A is

= Revenue after applying the tax rate - initial revenue after applying the tax rate

where,

Initial revenue after applying the tax rate = $800 million × 5% = $40 million

And, the Revenue increased after applying the tax rate is

=  $710 million × 6%

= $42.6 million

So, the additional revenue is

= $42.6 million - $40 million

= $2,600,000

b. The additional revenue raised by State Z is

= Sales tax rate × service volume

= 5% × $50 million

= $2,500,000

7 0
3 years ago
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