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An analysis of the accounts receivable balance of $8702 on the records of Jorgenson, Inc., on December 31 reveals the following:
Accounts from sales of the last three months (appear to be fully collectible): $7460
Accounts from sales prior to October 1 (of doubtful value): 1312
Accounts known to be worthless: 320
Dishonored notes charged back to customers' accounts: 800
Credit balances in customers' accounts: 1190
(a) what adjustments should be made?
(b) how should the various balances be shown on the balance sheet?
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In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).
Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.
Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.
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This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.
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