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3 years ago

A company has the following aging schedule of its accounts receivable with the estimated percent uncollectible:______.

Business

1 answer:

vodomira [7]3 years ago

4 0

Answer: $14,000

Explanation:

Estimated Uncollectible = (4% * 175,000) + ( 10% * 40,000) + ( 30% * 10,000) + (60% * 5,000)

= 7,000 + 4,000 + 3,000 + 3,000

= $17,000

The credit balance on the Allowance account will be used to account for some of the uncollectibles. The remaining amount will be the year-end adjusting entry;

= 17,000 - 3,000

= $14,000

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Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are trading at well below par value.

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Answer:

$508.63

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For this question, we use the Present value formula that is reflected in the attached spreadsheet. Kindly find it below:

Provided that

Given that,

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2 years ago

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2 years ago

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%

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3 years ago

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s344n2d4d5 [400]

The buyer's agent is responsible for following up on issues identified in the inspection report to ensure that they are addressed.

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Learn more about buyer's agent here:

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