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valkas [14]
3 years ago
7

On December 31, 2016, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,800. The company e

stimates that $1,700 of the year-end receivables will not be collected. Accounts receivable in the 2016 balance sheet will be valued at:
rev: 09_29_2014_QC_54890

$55,500.

$1,700.

$52,100.

$53,800.
Business
1 answer:
Jobisdone [24]3 years ago
8 0

Answer:

$52,100

Explanation:

Given that,

Larry's Used Cars' first year of operations, the accounts receivable = $53,800

Company estimates that year-end receivables will not be collected = $1,700

Accounts receivable in the 2016:

= First year accounts receivables - Year end receivables not collected

= $53,800 - $1,700

= $52,100

Therefore, the accounts receivables in the 2016 balance sheet will be valued at $52,100.

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Ray started out with one small print shop. His business has grown so much that he now has two other branches across town. Ray ha
agasfer [191]

Answer:

D. economies of scale

Explanation:

A. empowerment.  When the employees are given the means, oportunity and responsability they are more productive, this may play a role in this, but it's not what the example is about

B. unity of command. This would require that, in the example, Ray would keep command of the three locations, also, this is not what the example is about

C. bureaucracy. This would mean a set of rules to guide action, again, not what the example is about

D. economies of scale. This is the answer, this means that, when achieved,the greater the quantity, lower the costs

7 0
3 years ago
Read 2 more answers
Mayer Biotechnical, Inc., develops, manufactures, and sells pharmaceuticals. Significant research and development (R&D) expe
dem82 [27]

1. Alice's treatment of the equipment as <u>useful</u> for five years, would increase <u>before-tax earnings</u> by <u>$24,000</u>, as opposed to expensing the equipment cost.

2. The ethical dilemma facing Alice in determining the treatment of the $30 million equipment purchase involves creating a <u>wrong impact</u> in financial reporting.

<h3>What are ethical dilemmas in accounting?</h3>

Some of the ethical dilemmas in financial accounting include:

  • Conflict of interest
  • Confidentiality
  • Impacts of financial reporting.

Thus, Alice faces the ethical dilemma of making a <u>wrong impact in financial reporting</u> based on the treatment of the $30 million equipment purchase.

Learn more about handling ethical dilemmas in accounting at brainly.com/question/14864299

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6 0
2 years ago
Visual aids summarize main ideas and key points.T or F
ANEK [815]
The answer would be A) True.
8 0
3 years ago
After years of using a mass marketing strategy, Digital Print Shops has responded to new competition from national chain stores
Kisachek [45]

Answer:

The answer to this question is B. Niche marketing

Explanation:

Niche marketing involves identifying and exploiting a small segment of a larger market by developing products to suit it. identifying and exploiting a small segment of a larger market by developing products to suit it.  

A niche market cater for  the unique demands that aren't being addressed by mainstream providers.  Organisations  pursue niche markets as a way to build loyalty and revenue with a largely-overlooked audience.

We can therefore conclude from the explanation in the questions as regards the activities of Digital Print Shops that it using a Niche marketing strategy

Hence the answer is B. Niche marketing

4 0
4 years ago
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Corristan Company purchased equipment and incurred these costs: Cash price $24,000 Sales taxes 1,200 Insurance during transit 20
galben [10]

Answer:

$25,400.

Explanation:

International Accounting Standard 16 states that any Property, Plant, and Equipment should be initially recognized at a cost that includes all the costs that are necessary to bring the asset to its working condition. Example of such costs include:

- Purchase Price.

- Delivery Charges.

- Sales Taxes Paid, if any.

- Deduct Discounts, if any.

- Installation Costs.

- Dismantling Cost.

- Any other Directly Attributable Costs.

The standard further states that any periodic cost should be written-off to Profit or Loss as incurred. Such costs include Maintenance Costs. These are the costs that are not necessary to bring the asset to its intended use.

So in this case, the cost that should be capitalized is $25,400 (24,000 + 1,200 + 200).

Note: The insurance costs of $400 has been capitalized because it was incurred for Transit Purposes and before the asset was prepared for use.

5 0
3 years ago
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