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Ratling [72]
3 years ago
15

What happens if the amount of uncollectible account expense is overstated at year end?

Business
1 answer:
sergiy2304 [10]3 years ago
4 0

Answer: The correct answer is "A : Net Accounts Receivable will be understated.".

Explanation: If the amount of uncollectible account expense is overstated at year end the Net Accounts Receivable will be understated.

because it had been estimated that a larger amount of accounts receivable would not be possible to collect, but at the end of the year it turned out that more accounts could be collected than was believed possible.

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Answer:

The future value in 5 years is $3,184.87  

Explanation:

The figure is arrived by calculating the future of the yearly total service of $600($3*200) by using applicable annuity factor for each of the years from year 1 to 5.

The annuity factor for each year is calculated as (1+r)^n, where r is the rate of return of 2% and the n the year in which the service fee relates to.

Kindly find attached for detailed computations.

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Fairfax Pizza borrowed 745,000 dollars to build a new restaurant for 745,000 dollars. The decision to spend 745,000 dollars on t
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