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Natasha2012 [34]
3 years ago
11

Estimating Allowance for Doubtful Accounts

Business
1 answer:
sp2606 [1]3 years ago
5 0

Answer:

Allowance for doubtful accounts    $ 106106 using the aging method

Explanation:  

<u>Evers Industries </u>

<u>Estimate of Allowance for Doubtful Accounts </u>

                          Balance         Not Past    Past Due  (days)

                                                    Due          (1-30)   (31-60)   (61-90)  (Over 90)

Total

Receivables        1,124,500   607,400   233,000  121600   96500   66000

Percentage

<u>Uncollectible                            1%             3%           12%         30%      75%     </u>

Allowance for                         6074          6990      14592     28950  49500

doubtful accounts    106106

<em>We multiply each percent with the amount given and then add them all to get the total which is $106106 based on aging method.</em>

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992 candy bars must be sold to maximize revenue.

<h3>What is revenue?</h3>
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To find how many candy bars must be sold to maximize revenue:

The price of a candy bar is determined by the quantity sold:

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If the candy bar's price is p(x), the revenue function is:

  • R(x) = p(x) · x = 124 · x - x²/16

Find the solution of R'(x) = 0 to maximize R(x):

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  • 124 -  x/8 = 0
  • x = 992

Therefore, 992 candy bars must be sold to maximize revenue.

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The correct question is given below:
If the price of a candy bar is p(x) cents then x thousand candy bars are sold. The price p(x) = 124-(x/16). How many candy bars must be sold to maximize revenue?

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The demand for money decreases sharply.

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Galvatron Metals has a bond outstanding with a coupon rate of 6.1 percent and semiannual payments. The bond currently sells for
Eva8 [605]

Answer:

After tax cost of debt is 4.16%

Explanation:

The yield on the debt which is pre-tax cost of debt can be computed using the rate formula in excel, which is given as follows:

=rate(nper,pmt,-pv,fv)

where nper is the number of coupon payments,this is calculated as 19*2 since it has a semi-annual coupon interest

pmt is the periodic coupon payment  6.1%/2*$2000=$61

pv is the current price of the bond which is $1933

fv is the face value repayable on redemption $2000

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=3.20%

This is semi-annual yield , annual yield is 3.20%*2=6.40%

After tax cost of debt=6.40%*(1-t)

where t is the tax rate at 35%=0.35

after tax cost of debt=6.40%*(1-0.35)

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