User Account

All Pages

What bad debt expense would Dinty report

Assignment Help Accounting Basics
Reference no: EM132669780

Question - In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,200. During the year, Dinty wrote off $31,900 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,250,000, and cash collections from credit customers totaled $1,830,000. What bad debt expense would Dinty report in its first-year income statement?

Reference no: EM132669780

Questions Cloud

Would the goodwill method be used in this situation : How would this benefit the new partner? ABC partnership is already very profitable. Would the goodwill method be used in this situation
Discuss how your behavior was or was not reflective : Discuss how your behavior was or was not reflective of your original personal philosophy on recreation. Summarize your observations about your leisure choices.
What is AMV Debt ratio : AMV Company has the following details: Sales/Total assets 1.5x and Return on assets 3%. What is AMV Debt ratio
What is the amount of job costs : Job A3B was ordered by a customer on September 25. What is the amount of job costs added to WORK IN PROCESS INVENTORY during October
What bad debt expense would Dinty report : Credit sales for the year were $2,250,000, and cash collections from credit customers totaled $1,830,000. What bad debt expense would Dinty report
Discuss pros and cons of cloud-based backup operations : Discuss pros and cons of cloud-based backup operations. Discuss threats to an IT data center infrastructure and provide cloud-based solutions to mitigate the.
What did they contributed which formed canada today : Pre-history, described as the "period before Europeans made contact," is important because we should not only just learn from the records/ books that it written
Does writer make the barrier or issue clear in introduction : Review the draft capstone project paper assigned to you (from title page to reference page). Critique the draft by analyzing the content and providing extensive
What are pretax return on capital : What are "Pretax return on capital", "After tax return on capital", "Implied growth rate", "Cost of equity", "After tax cost of capital"

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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