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Vandross Company has recorded bad debt expense in the pat at a rate of 1.5% of net sales. in 2014, Vandross decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $400,580 instead of $296,250. In 2014, bad debt expense will be $140,180 instead of $92,220. If Vandross's tax rate is 25%, what amount should it report as the cumulative effect of changing the estimated bad debt rate?
what are the financial techniques used to evaluate capital projects in an organization? with respect to the
Prepare the journal entries that Kramer Corporation should record for these transactions and events. Please show me the calculations.
you are the manager of an accounting department and would like to hire another managerial accountant to focus on
Evaluate the 24 month and 36 month lease option and make a recommendation on which is the best option for AMG.
baumgardner companys bank statement from last national bank at august 31 2010 shows the following information.balance
The non controlling intrest shares of Float Corp. are not actively traded. What is the total amount on goodwill recognized at the date of acquisition?
If a company is determining the present value of the minimum lease payments under a lease, what interest rate should be used as the discount rate using IFRS?
The financial statements of the Nelson Manufacturing Company reports net sales of $500,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the receivables turnover ratio for Nelson..
a firm can use three different production technologies with capital and labor requirements at each level of out as
the estimated factor sensitivities of terranova energy to fama-french factors and the risk premia associated with those
if kasper produces a single product and sells it at 200 per unit. he variable cost of the product is 120 per unit an
Compute the break-even point
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