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Ray Of Light [21]
3 years ago
14

Karen Company had the following account balances prior to the write off of a $100 customer account:

Business
1 answer:
IRINA_888 [86]3 years ago
7 0

Answer:

A) $9,100, $9,100

Explanation:

Calculation for the net realizable value of the receivables before

Accounts receivable $9,500

Less Allowance for doubtful accounts 400

Net realizable value of the receivables BEFORE $9,100

Calculation net realizable value of the receivables after the write-off

Accounts receivable $9,500

Less Allowance for doubtful accounts 400

Net realizable value of the receivables AFTER $9,100

Therefore The net realizable value of the receivables before and after the write-off was

$9,100, $9,100

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Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted
grin007 [14]

Answer:

b. $5,870

Explanation:

Data given in the question

Cash balance per books, May 31 $5,400

Deposits in transit $375

Notes receivable and interest collected by bank $650

Bank charge for check printing $40

Outstanding checks $2,400

NSF check $140

The computation of the adjusted cash balance per books is shown below:

= Cash balance per books + Notes receivable and interest collected - Bank charges - NSF check

= $5,400 + $650 - $40 - $140

= $5,870

3 0
3 years ago
On January 1, 2017, Lynn Company borrows $3,000,000 from National Bank at 11% annual interest. In addition, Lynn is required to
CaHeK987 [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
Need help with # 10 please
Svetlanka [38]

Answer:

It would be both.

Explanation:

The income effect is the effect on real income when price changes - it can be positive and negative. As price falls, and assuming nominal income is constant, the same nominal income can buy more of the good - hence demand for this (and other goods) is likely to rise.

The substitution effect is the economic understanding that as prices rise — or income decreases — consumers will replace more expensive items with less costly alternatives.

6 0
4 years ago
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 15,000 uni
Leni [432]

Answer:

The capacity utilization rate for month of October is 72.83%.

Explanation:

FORMULA FOR CALCULATING CAPACITY UTILIZATION RATE -

= ACTUAL CAPACITY / MOST EFFICIENT CAPACITY

GIVEN INFORMATION -

Actual capacity for month of October - $10,925

Most efficient capacity - $15,000

Putting these values in formula -

= $10,925 / $15,000

= .7283

Now multiplying it by 100 to convert it in to percentage

= .7283 x 100

= 72.83%

4 0
4 years ago
In general, what is the relationship between a country’s ecological footprint and its overall standard of living? A. As the stan
Vesnalui [34]

Answer:

The correct option is A

Explanation:

As the standard of living increases, the ecological footprint also incraeses which means that both are positively co-related with each other.

The amount of assets that number of people or population requires in order to produce the natural resources for its consumption is basically Ecological Footprint. the ecological footprint measures the portion of nature that human takes. In order to sustain the livelihood, the carbon footprint attempts to find out the estimation of usage of resources by an individual.

4 0
4 years ago
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