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Reika [66]
3 years ago
11

On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts

Business
2 answers:
Brrunno [24]3 years ago
8 0

Answer: A

Explanation: Recieveable balance $18500, this is the cash inflow of the company

Allowance for doubtful accounts $1400 this is usually a percentage of money set aside from cash inflow for debts e.t.c.

Unaccountable account $400 usually debts

Receivable after deduction of allowance of doubtful accounts.

$18500 - $1400 = $ 17100

Allowance of doubtful accounts after deduction of debts

$1400 - $400 = $1000

Amount receivable immediately after write off

$17100 + $1000 = $18100

a_sh-v [17]3 years ago
5 0

Answer:

C. $17,100.

Explanation:

Before Write off

January 1, 2013 Accounts Receivable balance  $18,500

Less Allowance for Doubtful Accounts was <u>$1,400</u>

Estimated realizable accounts accounts receivable  $ 17,100

<em>The write off method does not affect the realizable value of the accounts receivable. Both assets and net income are affected in the period bad debts expense is predicted and recorded with an adjusting entry.</em>

After Write Off

Accounts Receivable                                 $ 18,100

Less Allowance for Doubtful Accounts was <u>$1,000</u>

Estimated realizable accounts accounts receivable  $ 17,100

Accounts Receivable                                                      $ 52,000

Less Net realized accounts accounts receivable  $   48,500

Uncollectibles  (bad debts)                                   $ 3,500

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Answer:

1. $260

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Explanation:

1. Calculation to determine the net cash provided by operating activities for the year

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Adjustments to reconcile net income to net cash provided by operating activities

Adjustment for non cash effects

Depreciation $82

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Change in operating assets & liabilities

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Decrease in inventory $58

Increase in prepaid expenses -$19

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Decrease in accrued liabilities -$24

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Therefore Using the indirect method the net cash provided by operating activities for the year is $260

2. Preparation of a statement of cash flows for the year

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Particulars Amount

$

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Net cash Flow from Investing activities (b) -$325

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Net Change in cash c=a+b+c -$25

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3 years ago
Suppose a commercial banking system has $40,000 of outstanding checkable deposits and actual reserves of $4,500. If the reserve
ludmilkaskok [199]

Answer: $50000

Explanation:

Based on the information that's been given in the question, firstly we need to calculate the excess reserves which will be:

= $4500 - (10% × $40000)

= $4500 - $4000

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Then, the money supply that's expanded will be:

= Excess reserve / Reserve ratio

= $5000 / 10%

= $5000 / 0.1

= $50000

Therefore, the answer is $50,000.

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3 years ago
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Answer:

Letter e is correct. All of the listed responses are parts of a sustainable economy.

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In a sustainable economy, people are much more aware of the preservation of nature's depleted resources, and the well-being of current and future generations, which induces companies to meet the demands of new conscious consumers by creating " green products "and the use of new technologies to reduce the negative impacts of production on the environment.

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There is more drama involved in unmet expectations.

The reason why customers are more likely to tell their friends about negative experiences with companies than positive ones is that humans often remember the hateful things said than the nice things

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Learn more at : brainly.com/question/11437477

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