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Computation of doubtful expenses for the year ended.
a. Based on the aging of its accounts receivable at December 31, Pribob Company determined that the net realizable value of the receivables at that date is $760,000 additional information is as follows: Accounts receivable at December 31 $880,000 Allowance for doubtful accounts at January 1 $128,000(Cr) Accounts written off as uncollectible during the year 88,000 Pribob doubtful accounts expense for the year ended December 31 is ................?
b. On september1, Riva Co assigns specific receivables totaling $750,000 to pacific Bank as collateral on a $625,000, 12 percent note. Riva Co will continue to collect the assigned accounts receivable. Pacific also assessed a 2 percent service charge on the total accounts receivable assigned. Riva Co is to make monthly payments to pacific with cash collected on assigned accounts receivable. Collections of assigned accounts during September totaled $260,000 less cash discounts of $3,500. What amount is owed to pacific by Riva Co. for September collections plus accrued interest on the note to September 30?
Hazel and Cedric feel that investors would be more willing to invest in the company if they received a large quantity of shares for what might appear to be a obargain?? price.
Make an income statement and a retained earnings statement for the month of June and a balance sheet at June 30, 2007 and Briefly explain whether the company's first month of operations was a success.
What were the total dividends paid to shareholders during the most recent year and Determine of total dividends paid to shareholders during the most recent year.
analysis of unfavorable income variance.the markley division of rosette industries manufactures and sells patio chairs.
Create a contribution margin format income statement
What is the probability that the storage unit complex will take between 20 and 25 days to construct?
The firm earned 423,300. The partners to share income by providing annual salary allowances of 39,000 to kim. 34,000 to tere. and 46,000 to josh. Granting 10 percent interest on the partners beginning capital investements and sharing the remainder..
Define distributions to owners and provide examples of this type of transaction. Illustrate what financial statement element other than equity is typically affected by distributions?
Create a master budget for the three-month period ending June 30. Include the subsequent detailed budgets sales budget, by month and in total
What would be the following the RNOA of the subsequent company?
Classic Corporation borrowed $90,000 from the bank on November 1, 2012. The note had an 8 percent annual rate of interest and matured on April 30, 2013. Interest and principal were paid in cash on the maturity date. Illustrate what amount of inter..
What is the probability of making a loss on (i) Product A? (ii) Product B? (e) What is the probability of making a profit on (i) Product A? (ii) ProductB?
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