1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NARA [144]
3 years ago
7

Becky had net sales (all on account in 2014 of $600,000. at december 31, 2014, before adjusting entries, the balances in selecte

d accounts were: accounts receivable $750,000 debit, and allowance for doubtful accounts $1,500 debit. becky estimates that 3% of its net sales will prove to be uncollectible. what is the net realizable value of the receivables reported on the financial statements at december 31, 2014?
Business
1 answer:
olchik [2.2K]3 years ago
4 0
Given:
Net sales: 600,000
Accounts receivable: 750,000 debit
allowance for doubtful accounts: 1,500 debit
3% of the net sales will prove uncollectible

600,000 x 3% = 18,000

Net Realizable Value of the receivables to be reported on the financial statements at December 31,2014 is 733,500.

750,000 - 18,000 + 1,500 = 733,500




<span />
You might be interested in
Libraries and the registrar/bursar are examples of resources that
Nitella [24]

The correct option is B. Libraries and the registrar/bursar are examples of resources that may be accessible online.

You will converse with peers on the subjects covered in a session on the discussion board.

<h3>What are study resources?</h3>

Study aids are available to support students in achieving their academic and non-academic objectives. Making use of these beneficial hints can help you get the most out of your education. While balancing life as a student, time management and access to study materials is crucial.

Learning Materials Materials are things that are employed in the teaching of a subject. The "Primary Material Type" field and the "Secondary/Other Material Type" field definitions for the material types that can be chosen during upload are listed below.

The best choice is B. Online resources include the registrar/bursar and libraries, for instance.

Learn more about Study Resources here:

brainly.com/question/13378068

#SPJ1

7 0
1 year ago
The first step that any organization should take to manage the risk of employee communication is to develop and publicize​ a(n)
Y_Kistochka [10]
The first step ....................................... is to develop and publicize A SOCIAL MEDIA policy.
A social media policy refers to a corporate code of conduct which provides guidelines for the workers of a company who post contents on the internet either in their official or private capacity. It is also called social networking policy.
8 0
3 years ago
I sometimes start projectsThat I have difficulty finishing Disagree or agree
Naddik [55]

Answer:

agree lol

Explanation:

8 0
3 years ago
Read 2 more answers
Explain the changes in the allowance for doubtful accounts from 2013 through 2015. Does it appear that Hewlett-Packard increased
Nezavi [6.7K]

The amount that was to be receivable in the year 2015 decreased and the balance of  allowance for doubtful accounts also decreased.

<u>Explanation:</u>

According to the information that was given, the amount that was receivable in 2014 was 13,832 million where as in the year 2015 it was 13,363 millions. The ending balance of allowance for doubtful accounts in 2014 was 232 million and in 2015 it was 189 millions.

All this information shows that the accounts and the amounts in the accounts decreased from the year 2014 to year 2015.

7 0
3 years ago
Consumer protection laws are meant to
vredina [299]
Warn You About the Product before use
7 0
3 years ago
Read 2 more answers
Other questions:
  • ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April ex
    10·1 answer
  • A company borrows 100,000 today at 12% nominal annual interest. the monthly payment of a 5 year loan is most nearly:
    8·1 answer
  • Department A completed and transferred to finished goods a total of 60,000 units. Their ending inventory consisted of 40,000 uni
    10·1 answer
  • What are the five C's of credit?
    11·1 answer
  • Novak Corp. reported net income of $178,150 for 2022. Novak Corp. also reported depreciation expense of $36,430 and a loss of $5
    12·1 answer
  • Last winter, a guest at a nearby motel fell through the ice and was not rescued in time. The motel’s name was included in news c
    15·2 answers
  • How to start a business
    10·1 answer
  • Isabella is on temporary layoff from her factory job. If Isabella participated in the BLS survey she will be classified as?
    7·2 answers
  • In January of this year, Amazon bought a machine for $220,000. The machine has a useful life of 10 years and a salvage value of
    9·1 answer
  • Christopher is a licensed sales agent sponsored by Coastal Realty in Corpus Christi, Texas. Jose has been a real estate broker i
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!