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levacccp [35]
2 years ago
6

An analysis and aging of the accounts receivable of Yates Company at December 31 reveal these data:Accounts receivable $ 1,600,0

00Allowance for doubtfulaccounts per books beforeadjustment (credit) 100,000Amounts expected to becomeuncollectible 130,000What is the cash realizable value of the accounts receivable at December 31 after adjustment?a. $1,370,000b. $1,500,000c. $1,600,000d. $1,470,000
Business
1 answer:
saveliy_v [14]2 years ago
4 0

Answer:

d. $1,470,000

Explanation:

The computation of the cash realizable value of the accounts receivable is shown below:

= Ending balance of accounts receivable - credit balance of uncollectible amount

= $1,600,000 - $1,30,000

= $1,470,000

For finding out the cash realizable value, we deduct the credit balance of uncollectible amount from the ending balance of accounts receivable

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Answer:

True

Explanation:

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5 0
3 years ago
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A market supply schedule shows the relationship between <br><br><br> please!!!!!!
Phantasy [73]

Answer: A supply schedule is a table that shows the quantity supplied at different prices in the market. A supply curve shows the relationship between quantity supplied and price on a graph.

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2 years ago
Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income fo
Lady bird [3.3K]

Answer:

711,300

Explanation:

Net cash generated from operating activities can be calculated by deducting and adding back the cash and non-cash items respectively from the net income for the year. Such as depreciation will be added back in net income due to it is a non-cash expense

Net Income                                                                       624,000

Depreciation and amortization                                         87,000

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Increase in inventories                                                       (9,200)

Increase prepaid expenses                                                (8,500)

Increase in salaries payable                                              10,000

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7 0
3 years ago
Sumner sold equipment that it uses in its business for $31,800. Sumner bought the equipment a few years ago for $79,100 and has
-Dominant- [34]

Answer:

Sumner's has a loss of $-7750 from the sale of the equipment

Explanation:

Solution

Given that:

We compute the amount  of profit and loss, few steps will be taken which is given below:

Step 1: we compute the book value of the equipment which is shown below:

Book value = purchase price - depreciation claimed

= $79,100 -$39,550

= $39550

Therefore then book value is $39,550

Step 2: we calculate the amount of Sumner's gain or loss which is shown below:

The gain (loss) is = the value (sale) - book value

= $31,800 - 39550

= -7750

Therefore the loss from the sale of the equipment is -$7750

Which implies that Sumner's has a loss of $-7750

5 0
2 years ago
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Korvikt [17]

Answer:

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4 0
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