The company reported accounts receivable

Assignment Help Accounting Basics
Reference no: EM131023355

a. Calistoga Produce estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $484,000 and $1,550 respectively, at December 31, 2015. During 2016, Calistoga's credit sales and collections were $324,000 and $310,000, respectively, and $1,870 in accounts receivable were written off.

Calistoga's 2016 bad debt expense is:

Reference no: EM131023355

Questions Cloud

Sales and cash collections from customers during the year : What is the balance in the allowance for sales returns account at the end of 2016?
Financial holding companies are : Financial holding companies are: Companies that hold a variety of different types of financial institutions. Are currently being regulated by the U.S. Office of the Comptroller of the Currency. Cannot hold both depository and non-depository financial..
What would this z be called in mathematics : Draw a line that represents the equation you wrote in 2.a. Does this line go through the 2 points you drew in part 3 a and b? Why or why not?
Difference between the cpi and the ppi : What is the difference between the CPI and the PPI?
The company reported accounts receivable : Calistoga Produce estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $484,000 and $1,550 respectively, at December 31, 2015.
About the spot price at production time : If you were risk-averse and deciding how much to forward on an item not yet produced, you are uncertain about the spot price at production time and the eventual size of the production. What would be a good approach to forward? IE. always sell forward..
Describe the market demand for passion fruit in banania : Using the information above to answer the following questions: Find the set of equations that describe the market (or aggregate) demand for passion fruit in Banania. Find the set of equations that describes the market (or aggregate) supply for passio..
Current book value using straight line depreciation : Kenta Electronics purchased a manufacturing plant four years ago for $9,000,000. The plant cost $2.000,000 per year to operate. Its current book value using straight line depreciation is $7,000,000. Based on this information, should Kenta replace the..
Calculating the cpi : What potential biases exist in calculating the CPI? What steps has the Bureau of Labor Statistics taken to reduce the size of the biases?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Juan purchases an annuity for 3480 dollars that will make

juan purchases an annuity for 3480 dollars that will make 18 annual payments the first to come in one year. if the

  Write down a 3-4 page apa format paper on how a company

write down a 3-4 page apa format paper on how a company might overstate performance and why it can occur. also discuss

  In december handy announced 202400 net income for 2013 and

1 on january 1 2013 nana company paid 100000 for 6200 shares of papa company common stock. these securities were

  Manufacturing overhead was applied to jobs worked on using

davis inc. uses a job order cost accounting system and keeps perpetual inventory records. the following transactions

  Church company completes these transactions and events

Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30).

  At what price would smith be indifferent between accepting

at what price would smith be indifferent between accepting and not accepting the order assuming that only financial

  The statement of cash flows using the indirect method

Prepare the operating activities section of the statement of cash flows using the indirect method.

  What is the periodic payment

Periodic Payment. Assume the same information as in Problem 13.6, except that now the annual payments are to be made at the beginning of the year. What is the periodic payment?

  One of the 2 questions i am having problem with the height

one of the 2 questions i am having problem with. the height in feet of a football as a function of time in seconds is

  Brarin corporation is a small wholesaler of gourmet food

brarin corporation is a small wholesaler of gourmet food products. data regarding the stores operations followsales are

  What amount would appear in the july selling

What is the budgeted factory labor costs for July? What amount would appear in the July selling, general, & administrative expense budget?

  Distinguish between a netbook computer and a laptop computer

Distinguish between a netbook computer and a laptop computer. Distinguish between a net top and desktop computer.

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!

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