1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
borishaifa [10]
3 years ago
8

Funn Company's account balances at December 31, 2020, for accounts receivable and the related allowance for uncollectible accoun

ts were $1,500,000 and $90,000, respectively. An aging of accounts receivable indicated that $125,000 of the December 31 receivables are expected to be uncollectible. The accounts receivable amount expected to be collected after adjustment is A. $1,285,000. B. $1,410,000. C. $1,465,000. D. $1,375,000.
Business
2 answers:
strojnjashka [21]3 years ago
6 0

Answer:

D. $1,375,000

Explanation:

Funn Company's

(NRV of receivables= Receivables- Ending receivable uncollectible

ADA =$1,500,000−$125,000

= $1,375,000

Therefore the accounts receivable amount expected to be collected after adjustment is $1,375,000.

Free_Kalibri [48]3 years ago
3 0

Answer:

D. $1,375,000.

Explanation:

Funn Company's

Account balances

At December 31, 2020,

Accounts receivable       $1,500,000

Allowance for uncollectible accounts  $90,000

Bad Debts December 31                $125,000

When the allowance for uncollectible method is used only the allowance for uncollectibles is deducted for the accounts receivable for financial statements  

 $1,500,000 -  $90,000=$ 1410,000

But as the Bad debts ( uncollectibles) is higher than the allowance for uncollectibles the bad debts will be deducted from the accounts receivables.

The allowance of uncollectibles will be raised to the amount of bad debts.

so the  the accounts receivable amount expected to be collected after adjustment  is $1,500,000 -  $125,000=$ 1375,000

You might be interested in
Julia
Nat2105 [25]

Answer:

good morning I hope you l I e for the update on the answer to the answer to the question on the answer to the question on the answer to the question on the answer to the question on the

4 0
2 years ago
Level of education and income earned are generally_
ivanzaharov [21]
Hi there

The Connection Between Education<span>, </span>Income<span> Inequality, and Unemployment. ... Basically, the higher the </span>education level<span>, the higher the </span>income<span>. For example, people with professional degrees </span>earned<span> 6x as much as people who did not graduate from high school (in 2009: $128,000 vs. $20,000).
</span>
i hope this helps.
4 0
3 years ago
Value of Operations Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 for the
Musya8 [376]

Answer:

Value of Operations Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 for the next 2 years, respectively; after the second year, FCF is expected to grow at a constant rate of 10%. The company's weighted average cost of capital is 18%. What is the terminal, or horizon, value of operations

 Terminal value   = $1,783,333.33

Explanation:

Terminal value = FCF3/(WACC � g2)

FCF3 = FCF2 x 1.07 = $100,000 x 1.07 ? $107,000

      = $107,000/(.13 - .07)

      Terminal value = $1,783,333.33

8 0
3 years ago
you are driving lyou are driving on a two-lane highway behind a large vehicle that you want to pass to ensure you can see ahead
Paha777 [63]

Answer: You should wait until the road is straight and completely clear of cars, obstructions, animals, etc before passing.

Hope this helps!   :)

Explanation:

7 0
3 years ago
Suppose that the demand for steel in Japan is given by the equation Qd S = 1200 – 4PS + PA + PT, where QS is the quantity of ste
timurjin [86]

Answer: See explanation below for answer.

Explanation:

a) In equilibrium the quantity supplied will equal the quantity demanded in all three markets. Algebraically this implies:

Qd S = Qs S

Qd A = Qs A

Qd T = Qs T

Substituting in the given curves implies:

1200 - 4PS + PA + PT = 4PS

1200 - 4PA + PS + PT = 4PA

1200 - 4PT + PS + PA = 4PT

Solving the first equation for PT and substituting into the second equation implies:

1200 - 4PA + PS + (8PS - PA - 1200) = 4PA

9PS = 9PA

Cancel 9 on both sides, we have:

=> PS = PA

Substituting these results into the third equation implies:

1200 - 4(8PA - PA - 1200) + PA + PA = 4(8PA - PA - 1200)

=> 10800 = 54PA

=> PA = 200

At:

PA = 200

PS = 200

PT = 200

The equilibrium quantities are:

QA = 800

QS = 800

QT = 800

b) Substituting the new supply curve for steel into the equilibrium condition, we have:

1200 - 4PS + PA + PT = PS

1200 - 4PA + PS + PT = 4PA

1200 - 4PT + PS + PA = 4PT

Again solving for PT in the first equation and substituting into the second equation, we have:

1200 - 4PA + PS + (5PS - PA - 1200) = 4PA

=> 6PS = 9PA

=> PS = 1.5PA

Substituting these results into the third equation, we have:

1200 - 4(5(1.5PA) - PA - 1200) + 1.5PA + PA = 4(5(1.5PA) - PA - 1200)

=> 10800 = 49.5PA

=> PA = 218.18

At:

PA = 218.18

PS = 327.27

PT = 218.18

At these prices, the equilibrium quantities are:

QA = 872.72

QS = 327.27

QT = 872.72

The shift in the supply of steel raises the equilibrium price for all three goods, lowering the equilibrium quantity of steel and raising the equilibrium quantities of aluminum and titanium. This last effect comes as a result of the demand curves for aluminum and titanium increasing in response to the shift in the steel supply curve.

c) Returning to the original equilibrium, this shift in the demand for aluminum implies:

1200 - 4PS + PA + PT = 4PS

1500 - 4PA + PS + PT = 4PA

1200 - 4PT + PS + PA = 4PT

Solving the first equation for PT and substituting into the second equation, we have:

1500 - 4PA + PS + (8PS - PA - 1200) = 4PA

=> 9PS + 300 = 9PA

=> PS = PA - 33.33

Substituting these results into the third equation, we have:

1200 - 4(8(PA - 33.33) - PA - 1200) + (PA - 33.33) + PA = 4(8(PA - 33.33) - PA - 1200)

=> 12900 = 54PA

=> PA = 238.89

At:

PA = 238.89

PS = 205.56

PT = 205.56

At these prices, the equilibrium quantities are:

QA = 955.56

QS = 822.24

QT = 822.24

An increase in the demand for aluminum will raise the equilibrium prices and quantities in all three markets. The price and quantity in the steel and aluminum industries increase because as the price of aluminum rises, the demand for steel and titanium increases.

5 0
3 years ago
Other questions:
  • 5. Many tax professionals and advisors recommend adjusting your W-4 allowances so that...
    14·2 answers
  • Carver Packing Company reports total contribution margin of $72,000 and pretax net income of $24,000 for the current month. In t
    15·1 answer
  • If a company is funded by a government grant is it A. For profit buisiness B. Non profit orginization C. Bankrupted buisiness D.
    15·1 answer
  • Suppose Canada produces only smartphones and tablets. The resources that are used in the production of these two goods are not s
    9·1 answer
  • Francois pays a lot of attention to the environment outside his company, staying alert for long-run opportunities and problems a
    13·1 answer
  • Klapper Company claimed a tax deduction which was uncertain when it was deducted in 2018 but is relatively certain of receiving
    11·1 answer
  • Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year:
    8·1 answer
  • Bethany needs to borrow $10,000. She can borrow the money at 6% simple interest for 5 yr or she can borrow at 5% with interest c
    11·1 answer
  • g Lawson Manufacturing Company has the following account balances at year end: Office supplies $ 4,000 Raw materials 27,000 Work
    6·1 answer
  • Differentiate between bad debt and doubtful debt​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!