C is the answer
Hope this helps
Answer:
$493.8
Explanation:
Since the 2016 financial statements of Leggett & Platt, Inc. includes the following information in a footnote. (in millions) 2016 2015 Allowance for doubtful accounts $ 7.2 $ 9.3 Total accounts and other receivables, net $486.6 $520.2
Therefore the company’s current gross accounts and other receivables at the end of 2016 is
Net Total accounts and other receivables, net $486.6
Allowance for doubtful accounts ..........................<u>...$ 7.2</u>
Gross accounts and other receivables................<u>$493.8</u>
<u>The gross accounts and other receivables will be the amounts before making any allowances for doubtful accounts</u>
Answer: $237070
Explanation:
The amount that Novak should report as its December 31 inventory will be:
Inventory in hand = $190,000
Add: Goods bought from Pelzer Corporation = $25,170
Add: Cost of goods sold to Alvarez Company = $21900
Total = $237070
The amount that Novak should report as its December 31 inventory will be $237070
Answer:
b. From a commercial market into a reseller market.
Explanation:
It is a commercial marketing following the fact that the marketing organization defines success primarily in terms of financial gain.
This financial gain is the same reason for expansion.
Supplying to other stores who will in turn sell to others makes it a reseller market.
Answer:
$3760
Explanation:
Calculation to determine the December 31 balance in Bad Debt Expense
Using this formula
Bad debt expense = Credit sales × Uncollectible percentage
Let plug in the formula
Bad debt expense= $94,000 × 4%
Bad debt expense= $94,000 × 0.04
Bad debt expense= $3760
Therefore the December 31 balance in Bad Debt Expense will be $3760
