Reference no: EM13754888
1. After the accounts are adjusted at the end of the year, Accounts Receivable has a balance of $215,000, Uncollectible Accounts Expense has a balance of $17,500, and Allowance for Doubtful Accounts has a balance of $12,500. What is the net realizable value of the accounts receivable?
2. Explain the meaning of the terms "tangible" and "intangible" and discuss how these terms are used in describing assets.
3. Discuss the advantages of establishing a line of credit
4. Robin Corporation accepted credit cards for $34,200 of services performed in October 2011.The credit card company charged a 3% service fee and paid Robin as soon as it received the credit card receipts. a) Prepare the general journal entry to record performance of the services. b) Prepare the general journal entry for collection of the receivable from the credit card company.
5. In January 2011, Rogers Co. purchased a machine that cost $85,000. The equipment is estimated to have a 5-year life and a salvage value of $15,000. a) Compute the amount of depreciation expense for 2011 and 2012 using the double declining balance methods. b) Compute the amount of MACRS depreciation for the above equipment for 2011 assuming the property is 5 year property and the MACRS percentage is 20%.
|
Net realizable value for accounts receivable
: 1. What is meant by the net realizable value for accounts receivable? 2. What is aging of accounts receivable, and how is it used to account for uncollectible accounts?
|
|
Matlab inline functions
: Consider g(t)=e^(-2t) cos?(πt)(u(t)-u(t-2.5)), use Matlab inline functions for the following questions
|
|
Government to become involved to protect consumers
: Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved t..
|
|
Multinational financial management
: Imagine that you work for a corporation that is doing very well in the domestic market. Compare and contrast the overall pros and cons of accessing global markets, and recommend whether or not the company should consider such expansion. Provide a ..
|
|
Net realizable value of the accounts receivable
: After the accounts are adjusted at the end of the year, Accounts Receivable has a balance of $215,000, Uncollectible Accounts Expense has a balance of $17,500, and Allowance for Doubtful Accounts has a balance of $12,500. What is the net realizabl..
|
|
Summarizes the of macroeconomic analysis
: Write a 750-word paper that summarizes the of macroeconomic analysis - history of your chosen ETF, in terms of U.S. dollars, by checking or entering the ETF call letters or ticker symbol in a financial search engine such as Yahoo! Finance.
|
|
Create a java class called student
: Create a Java class called student with the following instance variables: private String studentName
|
|
Create a class called employee
: Create a class called Employee that has the following attributes: Employee ID of type String, First name of type String, Last name of type String
|
|
The implied multiplier associated with the stimulus package
: If we assume that this growth resulted from the ARRA stimulus package, what was the implied multiplier associated with the stimulus package?
|