User Account

All Pages

What amount should it report as the cumulative effect

Assignment Help Accounting Basics
Reference no: EM131758515

Windsor Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In 2017, Windsor decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $396,600 instead of $301,700. In 2017, bad debt expense will be $130,400 instead of $93,450. If Windsor's tax rate is 29%, what amount should it report as the cumulative effect of changing the estimated bad debt rate? (Do not leave any answer field blank. Enter 0 for amounts.)

Reference no: EM131758515

Questions Cloud

Consequences of unskilled immigrants on the american economy : List and briefly discuss 3 positive and 3 negative consequences of unskilled immigrants on the American economy for each scenario shown below:
Describe the truman doctrine or the marshall plan : Describe The Truman Doctrine or The Marshall Plan. Do not forget to cover the who, what, when, where, and significance of the term you wrote about.
What relationship does president eisenhower draw : What relationship does President Eisenhower draw between events in the modern Civil Rights Movement and the goals of the US in waging the Cold War (Document 3)?
Unskilled immigrants working in the american economy : List three related issues as it directly relates to unskilled immigrants working in the American economy and this overall issue on low-skilled immigrants.
What amount should it report as the cumulative effect : If Windsor's tax rate is 29%, what amount should it report as the cumulative effect of changing the estimated bad debt rate
Technology on the negotiation in a one thousand : Analyze the implications of globalization and technology on the negotiation in a one thousand fifty to fourteen hundred-word paper.
Assuming behrend occupies the building : Assuming Behrend occupies the building, record the real estate acquisition using the accounting equation format
What is the separation of powers doctrine : What is the separation of powers doctrine? Who did the Founders use to create such a system of government? How is this related to checks and balances?
Unskilled immigrants hurt the american economy : List 5 stakeholder groups and briefly explain each group's likely position on the issue and the potential impacts to each group resulting

Reviews

Write a Review

Accounting Basics Questions & Answers

  Nicoles getaway spa ngs purchased a hydrotherapy tub system

nicoles getaway spa ngs purchased a hydrotherapy tub system to add to the wellness programs at ngs. the machine was

  Sole proprietorship to blue corporation

Five years ago, Eleanor transferred property she had used in her sole proprietorship to Blue Corporation for 1,000 shares of Blue Corporation in a transaction that qualified under § 351.

  Why and how would you suggest the selection be done

Why, and how would you suggest the selection be done, if not? What is Sarbanes Oxley ACT (SOX) position on peer review?

  In the month of june jose heberts beauty salon gave 4000

in the month of june jose heberts beauty salon gave 4000 haircuts shampoos and permanents at an average price of 30.

  Calculate the amount of after-tax cash flow available to

shawn bates was working to establish a business enterprise with four of his wealthy friends. each of the five

  A division can sell externally for 40 per unit its

a division can sell externally for 40 per unit. its variable manufacturing costs are 15 per unit and its variable

  Continuation of a business entity

The assumed continuation of a business entity in the absence of evidence to the contrary is an example of the accounting concept of:

  Describe the costing method

Prepare journal entries for the following transactions using your choice of costing method (i.e. either FIFO, LIFO, or Weighted Average).

  Prepare the appropriate journal entries

Prepare the appropriate journal entries for the above transactions for Crane Corporation.

  Equipment account and credit

Donated equipment for which the fair value has been determined should be recorded as a debit to the appropriate equipment account and a credit to:

  On march 25 2014 patton company sold merchandise on

on march 25 2014 patton company sold merchandise on account10000. the applicable sales tax percentage is 8.5. record

  Information about earning per share

For 2010, Skresso Co. reported $3.64 of earnings per share of common stock. During 20011 the firm had a 4% common stock dividend.

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