User Account

All Pages

What is the amortized cost of accounts receivable

Assignment Help Accounting Basics
Reference no: EM133037777

Question - An entity provided the following information for the current year: Accounts receivable - January 1 P12,000,000 Credit sales 10,000,000 Collection from customers, excluding recovery of accounts written off 6,000,000 Accounts written off as worthless 100,000 Sales return 500,000 Recovery of accounts written off 50,000 Estimated future sales returns on December 31 1,150,000 Estimated uncollectible accounts on December 31 per aging 1,300,000. What is the "amortized cost" of accounts receivable on December 31?

Reference no: EM133037777

Questions Cloud

What do you expect the price of these bonds : If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In three years? In eight years? In 12 years
Challenging market issue : JUSTIFYING your answer with professional facts and arguments, and giving an example of a specific corporation that has encountered this challenge.
Jack welch leadership case : GE's Two Decade Transformation: Jack Welch's Leadership Case. Read the case and answer the following:
What amount will Ana receive : Residual profits shall be divided in the ratio of 2:2:6 to Adah, Ana and Ara. What amount will Ana receive if the net income earned is P 470,000
What is the amortized cost of accounts receivable : Estimated uncollectible accounts on December 31 per aging 1,300,000. What is the "amortized cost" of accounts receivable on December 31
What amount should be reported as compensation expense : In Josh's 2020 income statement, what amount should be reported as compensation expense pertaining to the options
COVID 19 Pandemic : With looks to the COVID 19 Pandemic there are several theories floating around as to how it began, how we navigate as a society etc.
Public Health policy : Is it necessary in the United States to impose a COVID-19 vaccine requirement, with distinct requirements for adults and children?
Pragmatic Bureaucrat leadership style : Compare and contrast the "Pragmatic Bureaucrat" leadership style to the "Shakedown" leadership style.

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