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PolarNik [594]
3 years ago
12

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible

accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 2% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2017, accounts receivable were $596,000 and the allowance account had a credit balance of $60,000. accounts receivable activity for 2018 was as follows:
Business
1 answer:
mestny [16]3 years ago
3 0

The accounts receivable = 596,000 + 60,000 (we add because allowance account had a Credit )

Accounts receivable at the end of 2018 = $656,000


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The following planned figures have been developed by a buyer for next month: sales = $25,000; reductions = $1,500; BOM stock = $
sweet [91]

Answer:

The planned purchases are given as  $34,500 while the value of OTB is $28,900

Explanation:

The Planned purchases is given as

Planned Sales + Planned Markdowns + Planned End of Month Inventory - Planned Beginning of Month Inventory = Planned Purchases

So here the planned sales are 25000

The planned Reductions are 1500

The End of Month inventory is 88000

The Beginning of Month Inventory is 80000 So the value is given as

25000+1500+88000-80000= Planned Purchases

Planned Purchases =34500

The OTB is given as

OTB=Planned Purchases-Commitment

OTB=34500-5600

OTB=28900

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3 years ago
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2 years ago
Sealed Bidding is appropriate when discussion/negotiations are required to determine price and delivery terms?
denpristay [2]

Answer:

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Suppose Rina earns $550 per week working as a doctor for the Medical Clinic. She uses $9 to buy a box of aspirin at Pillmart Pha
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Answer:

Identify whether each of the following events in this scenario occurs in the resource market or the product market.Event - Resource Market - /Product Market

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2. Bob spends $225 to purchase medical services from the Medical Clinic.

Purchase of services In the product market. Bob(families)  purchase from a Firm

3. Cho earns $600 per week working for the Medical Clinic

Resource market. Families offer their labor to firm in exchange of cash

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c. The aspirin Cho receives The firm provide with output

Explanation:

A flow of goods or dollars from the firm (Medical Clinic) into the household:

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5 0
1 year ago
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