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Savatey [412]
3 years ago
6

Before year-end adjusting entries, Marigold Corp.'s account balances at December 31, 2020, for accounts receivable and the relat

ed allowance for uncollectible accounts were $1540000 and $91500, respectively. An aging of accounts receivable indicated that $123000 of the December 31 receivables are expected to be uncollectible. The accounts receivable amount expected to be collected after adjustment is
Business
1 answer:
kirza4 [7]3 years ago
6 0

Answer:

1,417,000

Explanation:

$123000 of the December 31 receivables is to be subtracted from $1540000 of the related allowance for uncollectible accounts

= $1540000 - $123000

= $1,417,000.

The accounts receivable amount expected to be collected after adjustment is $1,417,000

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Dmitriy789 [7]

Answer:

22.81%

Explanation:

The computation of the rate of return is shown below:

= (cash inflow ÷ total cost) - 1

where,

Cash inflow is $595,000

And, the total cost is

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Hence, the rate of return is 22.81%

Basically we applied the above formulas

4 0
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Kisachek [45]

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The goal " I will triple sales in my territory by the end of the next fiscal year." is lacking the criteria of been realistic because it doesn't seem achievable within a fiscal year.

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anzhelika [568]

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