User Account

All Pages

Determine the net realizable value of accounts receivable

Assignment Help Accounting Basics
Reference no: EM13511618

J. B. Bucks owns a department store that has a $45,000 balance in Accounts Receivable and a $3,000 credit balance in Allowance for Bad Debts.

1. Determine the net realizable value of the accounts receivable.

2. Assume that an account receivable in the amount of $400 was written off using the allowance method. Determine the net realizable value of the accounts receivable after the write-off.

Reference no: EM13511618

Questions Cloud

Describe the third-period alkali metal : Refer to the periodic table and select the symbol of the element that fits each of the following descriptions: a) the group IVA/14 semimetal in the fourth period.
Possibility of general price-level adjustments : Use of historical costing including the possibility of general price-level adjustments. Why do you think he has made this choice?
Estimate the force on the wall : A 0.3 kg ball traveling at 5 m/s strikes a wall and rebounds elastically, the collision took 0.02 seconds. What is the Impulse? What is the force on the wall
Find the temperature of water when it comes to equilibrium : At a party,3.00kg of ice at-4.20°C is added to a cooler holding 30 liters of water at 20.0°C. What is the temperature of the water when it comes to equilibrium
Determine the net realizable value of accounts receivable : Assume that an account receivable in the amount of $400 was written off using the allowance method. Determine the net realizable value of the accounts receivable after the write-off.
Estimate the final equilibrium temperature of the system : Suppose0.430kg of water initially at39.0°C is poured into a 0.300 kg glass beaker having a temperature of 25.0°C. Calculate the final equilibrium temperature of the system
Describe tablets for reduction of stomach acid : Assuming that a particular individual's stomach contains 1 quart of 0.1 M HCl, and that an antacid tablet contains as its active ingredient 500 mg of calcium carbonate, what would the final pH of this individual's stomach contents be after taking ..
Definitions of postulates-concepts and principles : How do the definitions of postulates, concepts, and principles differ - are the examples of postulates, principles, and concepts consistent with their definitions?
What extent does the urban and the rural poor groups : To what extent does the urban and the rural poor groups of the developing world have some control over their own destinies? And to what extent are they at the mercy of other groups-local, national, or international interest, for good or ill?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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