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MrRa [10]
3 years ago
10

Chez Fred Bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. During 2

021, Chez Fred's credit sales and collections were $108,000 and $142,000, respectively. What was the balance of accounts receivable on January 1, 2021, if $130 in accounts receivable were written off during 2021 and if the allowance account had a balance of $930 on December 31, 2021?
Business
1 answer:
steposvetlana [31]3 years ago
7 0

Answer:

See below

Explanation:

Per the above information,

Ending account receivable balance = Beginning account receivable + Credit sales - Collections - Written off amount

$93,000 = Beginning account receivable + $108,000 - $142,000 - $130

$93,000 = Beginning accounts receivable - $34,130

Beginning accounts receivable = $93,000 + $34,130 = $127,130

So, the beginning account receivable would be;

The ending accounts receivable is computed as;

= $930 ÷ 1%

= $93,000

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Kipish [7]

Answer:

$15,000

Explanation:

Calculation for Usher Sports Shop’s cash flow from operations for 2018

Cash flows from investing activities $440,000

Less Cash flows from financing activities ($450,000)

Less Net change in cash and marketable securities ($25,000)

($625,000-$600,000)

Cash flow from operations for 2018 $15,000

Therefore Usher Sports Shop’s cash flow from operations for 2018 will be $15,000

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A and then d i’m pretty sure
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The fixed cost of a production system is $20,000, and the variable cost per unit product is $17. The product has a revenue of $2
dimaraw [331]

Answer:

Results are below.

Explanation:

Giving the following information:

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gtnhenbr [62]

Answer:

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Willingness to pay measures the value that a buyer places on a good or product. Thus, when this value is high, the customer would ultimately buy a product and vice-versa.

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Simply said, leadership involves taking chances and questioning the existing quo. Leaders inspire followers to take on new and improved goals.

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