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Naddik [55]
3 years ago
13

At the beginning of the current period, Shamrock Corp. had balances in Accounts Receivable of $187,800 and in Allowance for Doub

tful Accounts of $9,630 (credit). During the period, it had net credit sales of $860,400 and collections of $687,720. It wrote off as uncollectible accounts receivable of $7,381. However, a $2,859 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,070 at the end of the period.
Required:
a. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.
b. What is the net realizable value of the receivables at the end of the period?
Business
1 answer:
nignag [31]3 years ago
6 0

Answer:

See below

Explanation:

The net realizable values are as follows

ai For accounts receivables

Ending balance of account receivables = Beginning balance of account receivables + Credit sale - Collections uncollectible amount

= $187,800 + $860,400 - $687,720

= $360,480

aii For allowance for doubtful debt

= Beginning balance + Previously written off amount - Uncollectible amount + Bad debt expense

= $9,630 + $2,859 - $7,381 + $18,412

= $23,070

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Answer:

Explanation:

I think your question is missed of key information, allow me to add in and hope it will fit the original one. Please have a look at the attached photo.

Given:

  • Cost $71 per linear foot
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Let X is the the length

Let Y is the width

From the photo, we can see that

(4X + 6Y)*71 = 34080

<=> (4X + 6Y) = 480

<=> Y = 80 -  \frac{2}{3}X

The are of the rectangular industrial warehouse:

A(X) = 3Y*X

<=> A(X) = 3(80 -  \frac{2}{3}X )X

<=>A(X) = (240-2X)X = 240X - 2X^{2}

So A'(X) = 240 - 4X

Let A'(X) = 0, we have:

240 - 4X = 0

<=> X = 60

=> Y =(80 -  \frac{2}{3}X ) = 80 -  \frac{2}{3}*60 = 40

So the dimension to maximize total area is: 60 in length and 40 in width

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