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Tems11 [23]
4 years ago
14

The Miller Company earned $133,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivabl

e and allowance accounts. During Year 2, Miller collected $87,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account. The net realizable value of Miller's receivables at the end of Year 2 was:
Business
1 answer:
horsena [70]4 years ago
4 0

Answer:

The net realizable value of Miller's receivables at the end of Year 2 was:  $42,010

Explanation:

Open a Trade Receivable Account as follows :

Debits :

Revenue $133,000

Totals      $133,000

Credits:

Cash        $87,000

Balance   $46,000

Totals      $133,000

Note that Allowance for Doubtful debts is estimated at 3% of the Company`s Sales on Account

Allowance for Doubtful debts = $133,000 × 3%

                                                 = $ 3, 990

<u>Net realizable value of Miller's receivables</u>

Trade Receivable Balance                $46,000

Less Allowance for Doubtful Debts    $3,990

Trade Receivables                              $42,010

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LuckyWell [14K]

Answer:

substantial business between Jean and Honi through Honi's website.

Explanation:

Jurisdiction of a court is the limit of its authority in in various proceedings such as cases, appeals, suits, and so on.

Normally state courts have jurisdiction when transactions occurred physically within the state.

However in this scenario where Honi's website can be accessed by residents of that state, a suit can be brought against her if there is substantial business between Jean and Honi through Honi's website.

7 0
3 years ago
Llano’s stock is currently selling for $50.00. The expected dividend one year from now is $1.50, and the dividend growth rate is
FinnZ [79.3K]

Answer:

correct option is c) 10%, 3%, 7%

Explanation:

given data

currently selling = $50.00

expected dividend = $1.50

dividend growth rate  = 7%

solution

we get here Required return that is express as

Required return = (expected dividend ÷ Current price) + Growth rate  ...........1

put her value and we get

Required return = \frac{1.5}{50} + 0.07

Required return = 10%

and

now we get Dividend yield that is express as

Dividend yield = Dividend ÷ Current price    ...........2

put here value we get

Dividend yield = \frac{1.5}{50}

Dividend yield = 3%

and

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so correct option is c) 10%, 3%, 7%

4 0
4 years ago
Which of the following events would be likely to increaseincrease the supply of​ money?
geniusboy [140]

Answer:

D. The Fed decreases the discount rate relative to the federal funds rate.

Explanation:

The discount rate is the interest rate charged by the Central bank when commercial banks borrows funds from it.

When the discount rate is lowered, excess reserves increase and money supply increases.

The reserve requirement is the amount of deposits of commercial banks that should be kept as reserves. The higher the reserve requirement, the lower the money supply.

If banks hold more excess reserves, money supply falls.

An open market sale decreases money supply while an open market purchase increase money supply.

I hope my answer helps you.

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kiruha [24]

Answer:

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So this growth strategy would be considered in the given case

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3 years ago
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