The net realizable value of accounts receivable is $684,204
Explanation:
- To calculate subtract the doubtful-accounts allowance from the total accounts receivable. The result will be the net realizable value of accounts receivable.
- accounts receivable = $703,938
- doubtful-accounts = $19,734.
- the net realizable value of accounts receivable =
- accounts receivable ± doubtful-accounts
- Therefore, the net realizable value of accounts receivable is $684,204
Answer:
The answers are:
- Cr Accounts receivable $4,000
- Dr $3,332 Cash
- Dr $68 Sales discount
- Dr $600 returned merchandise (damaged)
Explanation:
The credit terms of 2/10, n/30 means that if Hannah Company pays within ten days, they will get a 2% discount, or they have thirty days to pay the full receipt.
Hannah's check should be for:
($4,000 - $600) x 0.98% = $3,400 x 0.98% = $3,332
Arter Company should record the following entries:
Cr Accounts receivable $4,000
Dr $3,332 Cash
Dr $68 Sales discount
Dr $600 returned merchandise (damaged)
Answer:
False
Explanation:
The rules and regulations set for vaccine production and it result to lower costs of the does not contribute to shorted of vaccines, rather the tightened regulations helps in the production of more vaccines, at a cheaper or lower prices, and also makes it available for many instead of having shortage in the supply. So it is false.
Answer:
The answer is: E) None of his salary can be excluded from gross income because Hank must reside overseas for the entire year
Explanation:
According to the IRS's Foreign Earned Income Exclusion (and Requirements) a US citizen can claim up to $105,900 (in 2019) of his gross income to be excluded from gross income in the US only if that person resided in the foreign country for at least 330 days in the last year.
