User Account

All Pages

What is the balance of accounts receivable at december

Assignment Help Accounting Basics
Reference no: EM132789941

The data below are for Music Corporation for 2017:

Accounts receivable-January 1, 2017 $236,000

Credit sales during 2017 $820,000

Collections from credit customers during 2017 $590,000

Customer accounts written off as uncollectible during 2017 $8,000

Allowance for doubtful accounts-January 1, 2017 $8,700

Estimated uncollectible accounts based on an aging analysis $9,600

Problem 1: What is the balance of Accounts Receivable at December 31, 2017?

a.$466,000

b.$458,000

c.$336,000

d.$448,400

Reference no: EM132789941

Questions Cloud

What is an example of opportunity cost : Why type of decision was made? What was another alternative that could have been made? Discuss how scarcity influenced the decision.
How much total interest revenue will comfort shoes recognize : The terms are 12 months and 8% annual interest. How much total interest revenue will Comfort Shoes recognize for the year ended December 31, 2017?
Draw a graph of the marginal cost curve : Let's pretend the market for Soda is for all intents and purposes a monopoly in our fictional country the Republic of Stark. Stark soda has an overwhelming mark
What is university h new profit at the equilibrium : Imagine a university H that is the monopoly in the market for art degrees, with cost function C(Q) = 25Q^2 + 360. Imagine the inverse demand function
What is the balance of accounts receivable at december : What is the balance of Accounts Receivable at December 31, 2017? Customer accounts written off as uncollectible during 2017 $8,000
Calculate consumer surplus and producer surplus : Suppose a price floor is set at P = 5 and the government buys the surplus. Calculate the new consumer surplus and producer surplus.
What changes would you recommend ?and why : GDP is the sum of all income earned in a country during a year.?Alternatively,?it can be thought of as the value of all production in an economy during a year.
What effect will write-off have on quaint : What effect will this write-off have on Quaint's 2017 net income and balance sheet totals assuming the allowance method is used to account for bad debts?
Explain what motivates you to make the choices : To what extent do you personally make purchasing choices based on a company's social responsibility, brand, or reputation? Explain what motivates you to make.

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