_______ strategies involve developing and selling new products to people who are already purchasing the firm's existing product

A company has the following balances on December 31, 2018, after year-end adjustments: Accounts Receivable = $62,500; Allowance

Dovator [93]

Answer:

the net realizable value of accounts receivable $56.300

Explanation:

To calculate the net realizable value of accounts receivable is necessary to deduct from Account Receivable the total credit amount of the Allowance for Uncollectible Accounts.

The Debit value of Accounts Receivable minus the credit balance of Allowance for Uncollectible Accounts gives the Net Value of Accounts receivables.

8 0

3 years ago

Mahogany inc. is a consulting firm. it reports its results on a cash-basis with a fiscal year ending june 30th. mahogany perform

Dimas [21]

If these are the missing choices:
A : the Securities and Exchange Commission, income principle
B : GAAP, revenue recognition principle
C : GAAP, expense recognition principle
D : the IRS, tax principle 

My answer is: B : GAAP, revenue recognition principle

The cash-basis is not in accordance with GAAP, and mahogany is in violation of the REVENUE RECOGNITION PRINCIPLE.

GAAP refers to Generally Accepted Accounting Principle.

It is stated that income must be recognized when it is earned not when cash is received. Because the company is using cash-basis, they will only report income earned on July 12 when they received the money not when they earned it which is before their fiscal year ending June 30.
They should recognized receivables from customers before closing the books for the fiscal year.

6 0

3 years ago

3. Columbia Corporation deposited $2,000 in an account that pays 12% interest annually. If the interest is compounded continuous

dangina [55]

Answer:

should be the letter B. $22,046

8 0

3 years ago

How are you avalon23413?

Orlov [11]

Answer:

im great

Explanation:

8 0

3 years ago

Read 2 more answers

Cash flows of two mutually exclusive projects are as follows. Project A costs $80,000 initially and will have a $15,000 salvage

son4ous [18]

Answer:

C. The present worth of project A is -$143,252.17

Explanation:

Present worth can be calculated using a financial calculator

For method A ,

Cash flow in year 0 = $80,000

Cash flow in year 1 and 2 = $30,000

Cash flow in year 3 = $30,000 - $15,000 = $15,000

I = 10%

Present worth= $ 143,335.84

For method B,

Cash flow in year 0 = $120,000

Cash flow in year 1 and 2 = $8, 000

Cash flow in year 3 = $8,000 - $40,000 = $-32,000

I = 10%

Present worth = $130,157.78

Method b would is chosen because it worth less.

To find the present worth using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

4 0

4 years ago