Answer:
I am unsure of this answer
Explanation:
yes
Answer:
b. $ 16,940
Explanation:
First we need to determine the allowance for uncollectible accounts to be made for the year.
Allowance for uncollectible revenue is 1 % of revenue on account.
Revenue on account is $ 86,000 so the allowance for uncollectible accounts is $ 86,000 * 1 %= $ 860
The gross receivable value is amount of revenue on credit less the collections
Revenue on credit $ 86,000
Less: collections on account <u>$ 68,200</u>
Gross receivables $ 17,800
Less Allowance for uncollectible accounts <u> $( 860)</u>
Net Realizable value of receivables <u> </u><u>$ 16,940</u>
Answer:
Dollar value of points = $6,000
Explanation:
Dollar value of points = mortgage amount * points / 100
Dollar value of points = $400,000 * 1.5 / 100
Dollar value of points = $6,000
Answer:
$3,750
Explanation:
(142,500-100000)*50% = 21,250
25,000-21,250 = $3,750