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marta [7]
3 years ago
15

Before year-end adjusting entries, Marigold Corp.'s account balances at December 31, 2020, for accounts receivable and the relat

ed allowance for uncollectible accounts were $1430000 and $87400, respectively. An aging of accounts receivable indicated that $128000 of the December 31 receivables are expected to be uncollectible. What is the net realizable value of accounts receivable after adjustment is made?
Business
1 answer:
svetlana [45]3 years ago
4 0

Answer:

$1,302,000

Explanation:

To calculate the net realizable value of accounts receivable we have to subtract the value of accounts receivables aging report from total accounts receivable = $1,430,000 - $128,000 = $1,302,000

The accounts receivables aging report lists unpaid clients' invoices and unused credit memos.

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Explain how public disclosure is used as a tool to prevent market failures.
deff fn [24]

Answer:

The correct answer is Provide info that people want.

Explanation:

Externalities are caused when the production or consumption of a good or service has a cascading effect that is not purely reflected in its price and therefore there is no appropriate compensation to be paid for it. If the price does not include the true costs of the good or service there will be a market failure. Importantly, externalities can be positive or negative. To prevent refusals, governments must add certain taxes to assets to cover their social cost.

4 0
3 years ago
​Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information r
Lera25 [3.4K]

Answer:

Collection from Customers =$487,000

Explanation:

Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance

=97000+$519,000-$65,000

=$487,000

7 0
3 years ago
One of the departments at Yolo Industries has entered into a 9 year lease for a piece of equipment. The annual payment under the
Darya [45]

Answer:

PV= $22,677.03

Explanation:

Giving the following formula:

Number of periods (n)= 9 years

Annual payment (A)= $3,800

Discount rate (i)= 12%

<u>First, we will calculate the future value of the payments using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

FV= {3,800*[(1.12^9) - 1]} / 0.12 + {[3,800*(1.12^9)] - 3,800}

FV= 56,147.49 + 6,737.7

FV= $62,885.19

<u>Now, the present value:</u>

PV= FV / (1 + i)^n

PV= 62,885.19 / (1.12^9)

PV= $22,677.03

5 0
3 years ago
A whole life insurance policy in which premiums are reduced for an initial period (e.g. 3 years) and are higher thereafter is an
sp2606 [1]
<span>This is an example of modified life policy. In modified life cycle, the premium differs at different stages of life. In the initial period, the person is fit and healthy and hence the premiums are low while at the later stage, a person develops various kinds of diseases and hence accordingly the premiums are increased at a later stage to compensate for that.</span>
3 0
3 years ago
Using the ______ approach to expatriate compensation, the organization continues to pay the individual at a rate equivalent to t
vodomira [7]

Answer:

Balance sheet approach

Explanation:

As the name suggests, the balance sheet is the statement which followed the accounting equation i.e.

Total assets = Total liabilities + total stockholder equity

It is to be used for set the compensation for the people who live outside their native country that we called expatriate. Its motive to protect the purchasing power while on the duty

Also, in this the organization gives the rate that is equal to the salary given in the home country also the allowances are provided to balance their standard of living

3 0
4 years ago
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