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allsm [11]
3 years ago
14

g Oregon Corp. prepares its financial statements annually and has a calendar year end. The adjusted trial balance ( NO MORE ADJU

STING ENTRIES ARE NEEDED) shows the following balances at December 31, 2019 (all accounts have normal balances): December 31, 2019 General Ledger Balances: Bad debt expense $ 100,000 Accounts Receivable 2,000,000 Allowance for Doubtful Accounts 300,000 What amount would be reported on Oregon Corp's balance sheet as the NET accounts receivable (the cash realizable value) at December 31, 2019
Business
1 answer:
Semmy [17]3 years ago
5 0

Answer:

$1,700,000

Explanation:

The computation of the NET accounts receivable (the cash realizable value) at December 31, 2019 is shown below:

= Account receivable - allowance for doubtful debts

= $2,000,000 - $300,000

= $1,700,000

By deducting the allowance for doubtful debts from the account receivable we can get the net account receivable or the cash realizable value

Therefore we ignored the bad debt expense

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Expenses for a Pizza restaurant include raw material for pizza at $4.00 per slice, $116.00 as monthly rental and $45.00 monthly
ruslelena [56]

Answer:

The restaurant earned a profit of $1145.56 which is approximately $1146

Explanation:

the formula is given as:

Q x (sale price – material cost) – ( rental + insurance)/day - loss

Q = 200

Sale price = $10

Material cost = $4

rental = $116

insurance = $45

lost sale expense = $4

day = 25

increased demand = 212

= 200(10 - 4) - (116 + 45)/25 - (212 - 200)4

= 200(6) - 6.44 - 48

= 1200 - 6.44 - 48

= $1145.56

<em>This is approximately $1146</em>

3 0
4 years ago
A change in which of the following will NOT shift the demand curve for hamburgers? the price of hot dogs the price of hamburgers
Arlecino [84]

Answer: The price of hamburgers

Explanation: Shift in demand curve refers to the situation when there is an increase or decrease in demand for a commodity, due to the factors other than change in price of that commodity. These factors include change in price of related goods, change in consumer preference or income etc.

Thus, from the above we can conclude that the right answer is price of hamburgers.

6 0
3 years ago
An animated reconstruction of the plane crash was used in a trial as ____ illustrating the effects of extremely dangerous cross
alexandr1967 [171]
An animated reconstruction of the plane crash was used in a trial as DEMONSTRATIVE EVIDENCE, illustrating the effects of extremely dangerous cross winds on the plane.
Demonstrative evidence refers to physical objects, such as graphs, pictures, models, etc, which are used to clarify the facts for how an accident occurred. It is useful in establishing the facts of an occurrence.
5 0
3 years ago
Suppose that a researcher discovers that a measure of the total amount of debt in the U.S. economy over the past twenty years wa
ArbitrLikvidat [17]

Not necessarily. Although the total amount of debt has predicted inflation and the business cycle better than M1 or M2, it may not be a better predictor in the future.

<h3><u>What is inflation?</u></h3>
  • Price increases, or inflation, can be thought of as the gradual loss of purchasing power.
  • The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
  • A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage.
  • Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
  • The objective of measuring inflation is to determine the overall effect of changes in price for a variety of goods and services.

Without some theoretical reason for believing that the total amount of debt will continue to predict well in the future, we may not want to define money as the total amount of debt.

Know more about inflation with the help of the given link:

brainly.com/question/15692461

#SPJ4

3 0
1 year ago
Can I get the answer and explanation to attached question please?
lord [1]

The value of the holdings of Megahurtz International Car Rentals at year end is CA$176,923.08

The value of the holdings if the real went up against the dollar is $266, 667. 67.

<h3>How to find the value of the holdings?</h3>

The exchange rate before the real declined was:

= 270,000 / 200, 000

= 1.35 real per dollar

The new exchange rate after the Real declined was:

= 1.35 x 1.3

= 1.755 Real per dollar

The value of the holdings at year end in Real will therefore be:

= 270, 000 x 1.15

= 310, 500 Real

In Canadian dollar this is:

= 310, 500 / 1.755

= CA$176,923.08

The new exchange rate as a result of the Real increasing in value is:
= 1.35 x (1 - 16% increase in value)

= 1.134 Real per dollar

The value of the holdings at year end would therefore be:

= 270,000 x (1 + 12% earning)

= 302, 400 Reals

In Canadian Dollar this is:

= 302, 400 / 1.134

= CA$266, 666. 67

Find out more on the value of holdings at brainly.com/question/15352363

#SPJ1

7 0
1 year ago
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