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MakcuM [25]
3 years ago
10

At the end of 2016, Sunland Company has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200.1.On J

anuary 24, 2017, it is learned that the company’s receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,245.
2.On March 4, 2017, Sunland Company receives payment of $4,245 in full from Madonna Inc.

Prepare the journal entries to record this transaction.
Business
1 answer:
Cloud [144]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
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Early in 2015, Mathew is analyzing shares of Janeff Corp. He expects the following dividends per share (end of year). 1. 2015: $
Svetllana [295]

He should pay no more than $66.68 per share

Explanation:

Given ,

1. 2015: $1.00

2. 2016: $1.25

3. 2017: $1.50

Earnings per share = $4.50

P/E ratio = 20

Required rate of return = 12%

Stock price per share expressed according to P / E ratio

P/E Ratio = Market Price per share ÷  Earnings per share  

20 = Market Price per share ÷ $4.50

Market Price per share = 20 × $4.50

Market Price per share = $90

Earn 12% of return

So here you discount to present value all the planned dividend and market price. use as discount factor here a necessary rate of return

present value of all amounts = 66.7

So, maximum amount that is paid to earn 12% return is $66.7

7 0
3 years ago
which statement regarding variable overhead variance analysis is true? multiple choice question. the variable overhead efficienc
galben [10]

The variable overhead efficiency variance uses exactly same inputs as direct labor efficiency variance statement regarding the variable overhead variance analysis is true.

<h3>What is variable overhead?</h3>

The varying production costs a business incurs while operating are referred to as "variable overhead." As industrial output changes, so do variable overhead expenses. Different from variable overhead are the general expenditures associated with administrative tasks and other operations that have predetermined budgetary requirements. Organizations need to understand variable costs clearly in order to prevent overspending, which can reduce profit margins. They will be able to precisely set prices for future products thanks to this. For businesses to succeed and stay in operation, they must invest money in the development and promotion of their goods and services. The term "overhead" refers to all costs related to operating a firm, such as managers, salespeople, and marketers for both the corporate office and the manufacturing plants.

To learn more about variable overhead, visit:

brainly.com/question/27993032

#SPJ4

6 0
10 months ago
Cristiano Ronaldo is comparing a manufacturing operation using regular lot-sizing and the same operation with a kanban/lean prod
Komok [63]

Answer:

On the off chance that we look at the absolute expense of stock in both the Kanban and standard parcel measuring technique, the complete expense of Kanban stock model will be not exactly ordinary part estimating. This is because of the way that the Kanban technique is a lean strategy and in this manner the abundance requesting of the stock is dodged and just the required quantitiy of the things is set. This decreases the stock administration and buy cost essentially making it less exorbitant than the normal parcel estimating.

4 0
3 years ago
The Pioneer Company has provided the following account balances: Cash $38,600; Short-term investments $4,600; Accounts receivabl
Artyom0805 [142]

Answer:

Total Current Assets      $ 100,800

Explanation:

The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)

Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset

Cash                                $  38,600

Short-term investments $     4,600

Accounts receivable      $    51,000

Supplies                        <u>  $     6,600  </u>

Total Current Assets      $ 100,800

4 0
3 years ago
A market researcher for a cable company is seeking to determine the number of households in a selected neighborhood that consist
diamong [38]

Answer:

Obtain census information available on the internet,

Explanation:

The number of households in the neighbourhood must have been captured during census and uploaded on the census board website or those of relevant agencies.

A visit to such websites to get the number of households in the neighbourhood of interest is very cost-efficient as the only thing that the market researcher needs to do is to have just internet subscription package which can be obtained for an extreme lesser fee when compared to paying the households visits, transporting to and fro and replenishing lost energy by buying food or taking energy drinks.

5 0
3 years ago
Read 2 more answers
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