Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Phillip, Inc. reports the following aging schedule for accounts receivable at December 31, 2015.
Days Outstanding 0 - 30 31 - 60 61 - 90 Over 91
Amount $87,500 $13,500 $9,300 $2,400
Probability of collection 98% 68% 30% 5%
During 2015 gross sales were $250,000. Eighty five percent of gross sales were credit sales. Management estimates that 5% of credit sales will be uncollectible. The current balance in the Allowance for Doubtful Accounts is $10,500 (credit) on December 31, 2015 prior to recording the bad debt expense adjustment. What amount of bad debt expense should Phillip record at the end of 2015 using the Accounts Receivable Aging method?
Identify three potential sources of return to mutual fund investors and briefly discuss how each could affect total return to shareholders.
retail firms are at risk that their inventory will become obselete. what can a firm do to minimize this risk? what
briar tek has fixed costs of 700000. selling price per unit is 180 and variable cost per unit is 110.a how many units
Identify the performance obligations in the contract. Determine the transaction price. Allocate the transaction price to separate performance obligations.
Prepare an income statement for the year 2004 using the multiple-step form. Common shares outstanding for 2004 total 40,550 (000 omitted).
market rates of interest had fallen to 8%, and Bonnie is considering selling the bonds. Calculate the market value of Bonnie's bonds on August 1, 2016
Compute the estimated amount of uncollectible accounts based on the above classification by age groups
janes medical equipment company manufactures hospital beds. its most popular model deluxe sells for 5000. it has
roland company uses special strapping equipment in its packaging business. the equipment was purchased in january 2011
working capital winston electronics reported the following information at its annual meetings. the company had cash and
Why is a knowledge of accounting concepts and terminology useful to anyone in a business activity? Is there a difference between bookkeeping and accounting? Discuss.
Determine the consolidation worksheet entries in the following year, assuming the inventory is on-sold, and explain the adjustments on a line-by-line basis.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd