User Account

All Pages

Percentage of sales and percentage of receivables

Assignment Help Accounting Basics
Reference no: EM1358496

What is the difference between using the percentage of sales and percentage of receivables method for calculating doubtful accounts? Is it appropriate to use a hybrid of the percentage of sales and the percentage of receivables methods of calculating? Do generally accepted accounting principles allow for using both methods at the same time? Why?

Reference no: EM1358496

Questions Cloud

Assume you invested of your wealth in the market portfolio : Assume you invested 90% of your wealth in the market portfolio and the remainder of your wealth in the shares in the law firm
Multimodal treatment study of children with adhd : What is the Multimodal Treatment Study of Children with ADHD? What are the major findings of this study so far?
Borrowing funds to meet customer requirements and debt : Based on your calculations what is the minimum estimate that your organization should provide on your proposal to the customer and why is this so?
Explain five steps to reduce network costs : Are there any additional steps that are not on this list? Which of these do you feel have the largest impact on a given network project?
Percentage of sales and percentage of receivables : What is the difference between using the percentage of sales and percentage of receivables method for calculating doubtful accounts? Is it appropriate to use a hybrid of the percentage of sales and the percentage of receivables methods of calculat..
What is the x-coordinate relative to its firing point : An electron moves at a speed of 480m/s perpendicular to the direction of the uniform magnetic field of 1 T. What is the radius of the electron's circular orbit in units of nanometers (1 m = 109 nm)
Sustainability within the manufacturing industry : impact and improve positive impact and sustainability of the environment and resources. Research and find at least four appropriate references.
Lockbox and concentration banking : Anthony Marino, CFO of Thousand Years Corporation, is evaluating two alternatives of float management: lockbox and concentration banking. The average number of daily payments to lockboxes is 250 with the average size of each payment at $7,500.
Causes and treatment of add or adhd : Is there a simple test to diagnose ADD/ADHD? What is involved in the diagnostic process? Can you provide me with some good links for further research on the causes and treatment of ADD/ADHD?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Generally accepted accounting principles

Determine that the financial statements present fairly in accordance with generally accepted accounting principles.

  Manufacturing and customer cost hierarchy

Use a selected company or your current work environment to identify at least one cost or expense that would fit under each of the following categories:

  Meaning of a favorable variance and an unfavorable variance

Prepare a memorandum - Does Cost of Goods Sold decrease or increase when concluding a favorable variance? Does gross margin increase or decrease when a favorable variance is closed to Cost of Goods Sold? Describe.

  Accounts receivable-bad debt journal entries

Prepare example journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods.

  Financing sources city enterprise fund

A city's Enterprise Fund issued revenue bonds with a face value of $10,000,000-the Enterprise Fund will report total other financing sources in the amount of

  Distinguish-debt security and equity security

Distinguish between a debt security and an equity security.

  Calculate amount of cash and marketable securities

Using Excel show all formulas for following: Firm has current assets of 100 million and current liabilities of 50 million and goes belly-up.

  Examine successes-problems of multinational enterprises

Analyze the successes and problems of multinational enterprises (MNEs) in exploiting opportunities in emerging markets.

  Authoritative auditing literature

You've been asked to write down a memo explaining the process and address concerns by using citations from authoritative auditing literature.

  Balanced scorecard and perspectives on performance

Make notes on the following two items to help your manager to understand their meaning: The balanced scorecard and its perspectives on performance

  Advanced accounting-journal entries

Prepare all journal entries in all funds and the GCA and GLTL accounts to record the following transactions and events.

  Journal entry to record the change in accounting principle

Wertz Corporation decided at the beginning of 2010 to change from the completed-contract method to the percentage-of-completion method for financial reporting purposes.

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