User Account

All Pages

What is the estimated realisable value of account receivable

Assignment Help Financial Management
Reference no: EM132368063

Question

HRH'S balance sheet of 30 June 2011 shows a motor vehicle at a cost price of $72,000 less accumulated depreciation of $36,000. Depreciation is calculated on a straight-line basis. If the vehicle had a useful life of 6 years at the time of purchase and a residual value of $6,000. What is its carrying amount on 1 July 2013.

Question

Are the balances for Johnson Co at 12 December:

Accounts Receivable $23

452 Allowance for Doubtful

Debts 1 252 $22 200

If an account for $300 is written off on 15 December what is the estimated realisable value of Accounts Receivable after the write-off?

Reference no: EM132368063

Questions Cloud

Demonstrate understanding of content presented in articles : Demonstrate understanding of the content presented in the articles. Include a critical assessment of the sources. Do not simply include a summary.
Discuss implications of professional nursing integrity : Describe the relationship between the AACN Essentials and your new-found knowledge about Patient Centered Care. Are there opportunities for you to improve?
VPN is the right solution for protecting network perimeter : What are the main reasons why a VPN is the right solution for protecting the network perimeter? Do they also provide protection for mobile devices?
Current employer to use encryption to reduce vulnerabilities : How you would advise your current employer to use encryption to reduce the vulnerabilities of their data at rest,
What is the estimated realisable value of account receivable : If an account for $300 is written off on 15 December what is the estimated realisable value of Accounts Receivable after the write-off?
Reported by major malware containment vendor : Using a Web browser, perform some research on a newer malware variant that has been reported by a major malware containment vendor.
What is the total assets for the william delivery services : At the end of the first month of operations for William delivery services the business had the following accounts.Accounts receivables $1100;prepaid insurance.
The global ramification of information technology : The global ramification of information technology and challenges faced by the organization using and developing information technology across the globe.
Journalize the transaction on the books of both companies : Cullumber Company buys merchandise on account from Riverbed Company. The selling price of the goods is $1,350, and the cost of the goods is $950.

Reviews

Write a Review

Financial Management Questions & Answers

  Use stock index futures contracts and t-bills

Use stock index futures contracts and T-bills, construct a portfolio to invest $150M in the market portfolio for one month.

  Spot and forward premia from foreign exchange dealer

Consider the following quotes for USD/SGD (amount of SGD per 1 USD) spot and forward premia from a foreign exchange dealer. As an importer, you want to hedge your 1-year foreign exchange exposure by selling the USD forward. Apply the theories of exch..

  Analyze the strengths and weaknesses of the company

Analyze the strengths and weaknesses of the company and write a report either recommending or not recommending purchase of the company stock.

  About the advertising message

Image you are the marketing manager for a U.S. manufacturer of disposable diapers. Your firm is considering entering the Brazilian market. Your CEO believes the advertising message that has been effective in the United States will suffice in Brazil. ..

  Assume the government imposes additional requirements

Assume the government imposes additional requirements on non-producing wells that are still production capable.

  What is the npv of this investment

If your cost of capital is 9.0%, what is the NPV of this investment?

  What is the beta of each of the stocks

Consider the following information: Stock Return if Market Return Is: Stock –10% +10% A 0 +20 B –20 +20 C –30 0 D +15 +15 E +10 –10 What is the beta of each of the stocks?

  Explain what relevance this has for risk management

The liability of those who own a corporation is limited to their investment, while proprietors and general partners have unlimited liability for the obligations of their business. Explain what relevance this has for risk management.

  Anticipated sales increase related to marketing campaign

Mama Italiano Sauce is in the process of preparing a production cost budget for May. Using this information, prepare a budget for May stating the total amount for the May budget. Assume the budget will increase to 23,500 jars of sauce reflecting anti..

  Equires an initial fixed asset investment

Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $1,860,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worth..

  What is the present value of the free cash flow projected

What is the present value of the free cash flow projected during the next 3 years?

  What is the price of stock today

The risk-free rate is 2% and the return on the market is 9%. If the company’s beta is 0.9, what is the price of the stock today?

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