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Question - In 2019 operations started with a balance in Accounts Receivable of $60,000 and a credit balance in Allowance for Doubtful Accounts of $5,000. The company has $400,000 in sales on credit during the year and collected cash of $360,000.
Make a journal entry if uncollectible accounts are predicted at 2% of credit sales for the year.
What is the balance in the Allowance for Doubtful Accounts at the end of Year 2 after making the entry in part A.?
Make a journal entry if uncollectible accounts are predicted to be 10% of the final ending accounts receivables balance?
Display the balance sheet presentation for accounts receivable and other related accounts after making the entry in part C
After writing off an account of $4,000 as uncollectible, the company receives a payment of cash in full. What entries would the company make as a result of this collection?
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: - Explain the goals and uses of special journals.
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.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
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, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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