Answer:
$154,000
Explanation:
The computation of the net amount receivable is shown below:
Beginning balance of Accounts Receivable = $150,000
Add: Credit sales made = $600,000
Less: amount collected = $590,000
Less: accounts written off = $4,000
Gross balance in Accounts Receivable =$156,000
Now
Beginning balance in the Allowance for Doubtful Accounts= $6,000
Less: Accounts written off adjusted $4,000
Ending balance = $2,000
So,
Net Accounts Receivable is
= $156,000 - $2,000
= $154,000
Answer:
The Peter's Group originated four years ago, and since then, the company has grown each year. Management has focused on making sure that the organization's strategic goals cascade down through the organization so that the employees can work together in pursuit of common ends. Peter's Group is using aligned goals in their organization.
Explanation:
Aligned goals is what organizations do in order to gather all the forces towards the achievement of common objectives.
Answer:
$444,000
Explanation:
current earnings and profits = (taxable income - income taxes) - meals expense + tax exempt income = ($600,000 - $155,000) - $3,000 + $2,000 = $444,000
Disallowed expenses are expenses made by an individual or company that the IRS doesn't allow to be deducted, e.g. meals. Tax exempt income is income that is not taxed by the IRS, e.g. DRD includes at least 70% of dividends received.
Deferred gains or unearned revenues are considered a liability and are not included in the income statement.
