Arizona company reported accounts receivable of 21200000 at

Assignment Help Accounting Basics
Reference no: EM13606979

Arizona Company reported accounts receivable of $21,200,000 at the end of its 2009 fiscal year. This amount was net of an allowance for doubtful accounts of $1,456,000. During 2010, Georgia sold $72,300,400 of merchandise on credit. It collected $48,520,555 from customers. Accounts valued at $2,125,000 were written off as uncollectible during 2010. Arizona's management estimates that 8% of the year-end accounts receivable balance will be uncollectible.

  1. What amount will Arizona report for accounts receivable? Show your computations to earn credit.
  2. What is the balance for the allowance for doubtful accounts at the end of 2010? (round to whole numbers). Show computations to earn credit.
  3. What is the doubtful accounts expense for 2010? Show computations to earn credit.

Reference no: EM13606979

Questions Cloud

A spherical water drop 140 um in diameter is suspended in : a spherical water drop 1.40 um in diameter is suspended in calm air owing to a downward-directed atmospheric electric
An anatomy teacher hypothesizes that the final grades in : an anatomy teacher hypothesizes that the final grades in her class are distributed as 10 as 23 bs 45 cs 14 ds and 8 fs.
Vest corporation sells and issues 100 shares of its 10 par : vest corporation sells and issues 100 shares of its 10 par value common stock as 11 per share. show how this
Caldwell company produces three varieties of iron ore xy : caldwell company produces three varieties of iron ore xy amp z from joint processing of raw mineral iron. the amount of
Arizona company reported accounts receivable of 21200000 at : arizona company reported accounts receivable of 21200000 at the end of its 2009 fiscal year. this amount was net of an
What is the angular radius of the first dark ring for a : consider light from a helium-neon laser 632.8 nanometersstriking a pinhole with a diameter of 0.175mm . at what angle
Compute the lift l and drag d experienced by the aircraft : the 30 mg aircraft is climbing at the angle theta15 with a thrust t of 180 kn. at the instant shown its speed is 300
Draw a graph level output on the vertical axis and time on : draw a graph level output on the vertical axis and time on the horizontal axis. if the long-run trend line of economic
A psychologist wants to determine if there is a linear : a psychologist wants to determine if there is a linear relationship between the number of hours a person goes without

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd