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On January 1, Year 2, the Accounts Receivable balance was $32,200 and the balance in the Allowance for Doubtful Accounts was $4,

AlexFokin [52]

Answer:

$28,200

Explanation:

The computation of the net realizable value of account receivable is shown below:

As we know that

Net realizable value is

= Account receivable balance - balance in the Allowance for Doubtful Accounts

= $32,200 - $4,000

= $28,200

we simply deduct the allowance from the account receivable balance so that net realizable value could arrive

3 0

3 years ago

You have just taken out a $ 25 comma 000 car loan with a 6 % APR, compounded monthly. The loan is for five years. When you make

Alex Ar [27]

Answer:

You question is missing some data.so i am adding a sample question matching the above conditions.i hope it will help.

You have just taken out a $15,000 car loan with a 8% APR compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go towards the interest? (Dont round intermediate steps to six decimal places)

Round answers to nearest cent

Explanation:

Please find attached file for complete answer solution and explanation of same question.

6 0

3 years ago

Japan's remarkable recovery in the twenty-five years following World War II was a result of which of the following activities?

USPshnik [31]

After the thrashing of Japan in World War II, the United States drove the Allies in the occupation and recovery of the Japanese state. In the vicinity of 1945 and 1952, the U.S. possessing strengths, drove by General Douglas A. MacArthur, sanctioned across the board military, political, monetary, and social changes.

8 0

3 years ago

On January 1, Year 1, the Diamond Association issued bonds with a face value of $300,000, a stated rate of interest of 6 percent

lara31 [8.8K]

Answer:

A) $21,068

B) $1,525.24

C) $280,457.24

Explanation:

The amount of the discount = face value - market value = $300,000 - $278,932 = $21,068

Amount of interest recognized on December 31, year 1 = ($278,932 x 7%) - ($300,000 x 6%) = $19,525.24 - $18,000 = $1,525.24

Carrying value of the bond liability = $278,932 + $1,525.24 = $280,457.24

6 0

3 years ago

Danaher Woodworking Corporation produces fine furniture. The company uses a job-order costing system in which its predetermined

sukhopar [10]

Answer:

a. Calculate the predetermined overhead rate based on capacity.

predetermined overhead rate = $26,190 / 279 hours = $93.87 per hour

b. Calculate the manufacturing overhead applied.

applied manufacturing overhead = $93.87 per hour x 240 hours = $22,528.80 ≈ $22,529

c. Calculate the cost of unused capacity.

cost of unused capacity = (279 hours - 240 hours) x $93.87 per hour = 39 x $93.87 per hour = $3,660.93 ≈ $3,661

or

$26,190 - $22,529 = $3,661

3 0

4 years ago