Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Point 1: BBT corporation reports accounts receivable and beginning of the year of $89,500 and an allowance for uncollectible accounts of $7200. At the end of the year, accounts receivable one 97,600 and the allowance for uncollectible accounts reflected a balance of 8400. Credit sales for the year were $973,900. Credit terms are 2/10, n/30. which statement is correct?
Option A. The days sales in Accounts Receivable is $32, which is in line with credit terms.
Option B. The day sales in Accounts Receivable is 11, which is excellent.
Option C. The day sales in Accounts Receivable is 35, which is slightly high.
Option D. Can measure days sales in Accounts Receivable without knowing that amount of cash collected from customers during the year.
Post the adjusting entries to the general ledger. Prepare (A) an income statement, (B) a statement of owner's equity, and (C) a balance sheet.
on 31st december 2012 berclair inc. had 200 million shares of common stock and 3 million shares of 9 percent 100 par
Bridgeport Corporation purchased a truck at the beginning of 2017 for $62,000. The truck is estimated to have a salvage value of $2,480 and a useful life of 198,400 miles. It was driven 28,520 miles in 2017 and 38,440 miles in 2018. Compute depreciat..
Cool Globe Inc. entered into two transactions, as follows: Prepare the journal entries for these transactions.
After reading about what happened to Socrates and knowing what you know about politics.how confident are you in democracy? do you think it is ultimately the best governing system....why or why not?
The actual labor rate per hour for the month was $8.40. The company used a total of 980 labor-hours. What was the direct labor efficiency (usage) variance for the month?
Mark Hobson, a CGA and CIA, is an internal auditor employed by Comstock Industries. He is just completing an audit of the Avil Division conducted during the first five weeks of the year. Discuss how the ethical dilemma Mark faces might have been avoi..
Carl and Carla are a very wealthy retired couple in their late sixties and file a joint tax return. During 2016 they had AGI of $951000, all from investments and equals their net investment income. If they itemize, what is their taxable income for 20..
Moving forward, what is adjusted gross income (AGI). How do you calculate AGI
How does job-order costing apply to Washburn guitar? What are some examples of costs tracked during the manufacturing process? What are some examples of source documents used by Washburn in its process?
Lipe Company reports the following transactions: Jan 15 Issued 25, 000 shares of $5 par value common stock at $17 cash per share. Mar 31 Purchased 3, 000 shares of its own common stock at $20 cash per share. June 25 Sold 2, 000 shares of its treasury..
Compute the average cost per serving at each of the following monthly volumes: 1,500; 2,000; 3,000; and 5,000, and determine the monthly volume at which the average cost per serving is $1.00.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd