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VARVARA [1.3K]
3 years ago
8

On January 1, Year 1, the Accounts Receivable balance was $30,600 and the balance in the Allowance for Doubtful Accounts was $3,

700. On January 15, Year 1, an $1,070 uncollectible account was written-off. What is the net realizable value of accounts receivable immediately after the write-off?
Business
1 answer:
Radda [10]3 years ago
6 0

Answer:

The net realizable value of the accounts receivable immediately after the writing-off the uncollectible is $26,900

Explanation:

The formula to compute the net realizable value of accounts receivable is:

Net realizable value = Balance of accounts receivable - Balance in the Allowance for Doubtful Accounts

                                 = $30,600 - $3,700

                                 = $26,900

The amount of uncollectible which is written off will not be deducted from the balance of accounts receivable as this amount is already included in Allowance for doubtful account.

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Inessa05 [86]
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8 0
3 years ago
Buffalo Corporation issues $630,000 of 9% bonds, due in 11 years, with interest payable semiannually. At the time of issue, the
katen-ka-za [31]

Answer:

the issue price of the bonds is $593,177

Explanation:

The computation of the issue price of the bonds is shown below:

Particulars                  Amount          PV factorat 5%      Present value

Semi-annual interest $28,350              11.68959              $331,400

Principal                     $630,000            0.41552               $261,778

Total                                                                                     $593,177

hence, the issue price of the bonds is $593,177

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3 years ago
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4 years ago
The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: East West Sales $
Ainat [17]

Answer:

The correct answer is loss of $155,000.

Explanation:

According to the scenario, computation of the given data are as follow:-

West division’s net operating income if it’s continue = ($15,000 - $75,000)

= -$60,000

We can calculate the net operating income if west discontinue by using following formula:-

West division’s net operating income if it’s discontinue = Net Operating Income - Allocated Common Corporate Cost

= ($15,000 - 170,000)

= -$155,000  (Negative shows loss).

Hence, Loss of $155,000.

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3 years ago
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Answer:

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In this case, Neil must use an effort program of variable reason, considering that if he wants to create an operant behavior in a subject, he can administer the reinforcing stimulus only when the subject performs a certain number of times the behavior in question, for example every three times ; In this case, there is a fixed ratio reinforcement program. If instead you prefer to administer the booster when the subject performs a variable number of behaviors (for example, sometimes every three behaviors, sometimes every two, sometimes every four), you will have a variable ratio booster program.

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