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Leto [7]
3 years ago
13

Kentucky Supply Co., which had no beginning balance in its Accounts Receivable and Allowance for Doubtful Accounts, earned $80,0

00 of revenue on account during 2014. During 2014, the company collected $64,000 of cash from its Accounts Receivable. Kentucky estimates that it will be unable to collect 2% of revenue on account. The amount of net realizable value of receivables on the December 31, 2014 balance sheet would be:
Business
1 answer:
serg [7]3 years ago
5 0

Answer:

$14,400 is the correct answer.

Explanation:

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sdas [7]

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Management is the dynamic process of getting things done by others with the goal of achieving a common goal effectively and efficiently. All functions, from planning to organization, personnel allocation, management, and generalization, are essential for the smooth execution of management in an organization.

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3 0
2 years ago
In the economy of Ukzten in 2010, consumption was $6000, exports were $1000, GDP was $10,000, government purchases were $2000, a
Blababa [14]

Answer:

I= $1,600

Explanation:

We have to clear Investment from the GDP formula:

GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ Net exports (exports-imports)

I=GDP-G-C-(X-M)

The problem gives this information:

GDP: $10,000

G: $2,000

C: $6,000

X: $1,000

M: $600

I= $10,000-$2,000-$6,000-($1,000-$600)

Investment in 2010=$1,600

7 0
3 years ago
Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled,
Svetradugi [14.3K]

Answer:

The total amount of administrative cost to the Accounting Department is $ 14,900.

Explanation:

In order to calculate the total amount of administrative cost to the Accounting Department, first we need to calculate the Utilization Ratio of the particulars, using the following formua:

Utilization Ratio=(Total amount particular/Utilised by accounting department)

Hence, the Utilization Ratio of Administration costs =(50/280)

                                                                                    =0.178

             the Utilization Ratio of Maintenance fee =(12,000/36,000)=0.33

             the Utilization Ratio of Utilities=(12,000/36,000)=0.33

Therefore, the total amount of administrative cost to the Accounting Department=(0.178×$50,000)+(0.33×$12,000)+(0.33×$6,000)

                  =$8,900+$4,000+$2,000

                  =$14,900

6 0
4 years ago
New Products pays no dividend at the present time. Starting in Year 3, the firm will pay a dividend of $.25 per share for two ye
maksim [4K]

Answer:

$3.56

Explanation:

Please see attachment .

8 0
4 years ago
Brian is a truck driver who delivers products throughout Massachusetts. His friend Chris is a traffic planner for the same state
Bond [772]

Answer:

a

Explanation:

7 0
3 years ago
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