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
svlad2 [7]
3 years ago
12

On January 1, Year 1, the Accounts Receivable balance was $20,100 and the balance in the Allowance for Doubtful Accounts was $1,

700. On January 15, Year 1, an $490 uncollectible account was written-off. What is the net realizable value of accounts receivable immediately after the write-off?
Business
1 answer:
wel3 years ago
4 0

Answer:

$18,400

Explanation:

A/R                                                               $20,100

Less: Allowance for doubtful accounts         ($1,700)

net realizable value of A/R                             $18,400    

The write off amount is already included in allowance for doubtful accounts on provision basis therefore it can't be separately deducted again.                                                

You might be interested in
The company paid $35,000 cash in dividends to the owner, jen rogers. the entry needed to close the dividends account is:
Oxana [17]
The entry needed to close the dividend account is "Debit: Retained earnings $35,000 and credit: dividend expense $35,000" based on the journal transaction. The dividend is a portion of a company's earnings which be shared by the company to the investor as the return for their investment. This entry will decrease the retained earning balance.
8 0
3 years ago
Read 2 more answers
While shopping for back-to-school clothes, Josie uses apps on her smartphone to comparison shop, and to obtain coupons and fashi
fenix001 [56]

Answer: The answer would be d-technological

Explanation:

5 0
3 years ago
Samantha is an employee at a bank and uses a username and password to login to her computer. She ensures that she keeps these cr
V125BC [204]
2 - Confidentiality  is your answer
4 0
3 years ago
A company hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: D
Kaylis [27]

Answer:

8%

Explanation:

The formula to compute the cost of common equity under the DCF method is shown below:

= Current year dividend ÷ price + Growth rate

where,

Current year dividend is $2

Price is $40

And, the growth rate is 3%

Now put these values to the above formula  

So, the cost of equity would equal to

= $2 ÷ $40 + 3%

= 0.05+ 0.03

= 8%

6 0
4 years ago
How does supporting fair trade help consumers?
Soloha48 [4]
Fair trade in smaller territories e.g the carribean islands, support customers in the way that the goods are duty free and exporting and importing is cheaper because no fee is needed for the government of either islands. That's how it works here where I live in the eastern Caribbean.
6 0
4 years ago
Read 2 more answers
Other questions:
  • Select the first and last steps in the decision-making process. Identify the decision to be made. Gather information and data. S
    8·2 answers
  • If natural monopolies are regulated to produce where there is a normal profit, they produce where Group of answer choices price
    13·1 answer
  • Stan read an ad in the newspaper which said that the jackpot for picking the six winners in the dog race on the last night of th
    15·1 answer
  • Maria, a senior accountant in an insurance company, has a 2-year-old son who needs her frequent attention. In order to spend mor
    11·1 answer
  • An open-end fund has a net asset value of $12.70 per share. It is sold with a front-end load of 8%. What is the offering price?
    7·1 answer
  • Why is it important to know to know how much is in your checking account ?
    15·1 answer
  • Sushi corp. purchased and installed electronic payment equipment at its drive-in restaurants in san marcos, tx, at a cost of $51
    15·1 answer
  • If your liquid assets equal $15,000 and your total current debts equal $50,000, your liquidity ratio is:
    9·2 answers
  • A performance appraisal based on the number of cars sold or percentage of defects on an assembly line is an example of a(n) ____
    15·1 answer
  • Read the following statements and decide in which one you think it is ?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!