User Account

All Pages

What sunland bad debt expense would be

Assignment Help Accounting Basics
Reference no: EM132622687

Sunland Company prepared an aging of its accounts receivable at December 31, 2020 and determined that the amount expected to be collected was $898500. Additional information is available as follows:

Allowance for uncollectible accounts at 1/1/20-credit balance $102,000
Accounts written off as uncollectible during 69000
Accounts receivable at 12/31/20 976500
Uncollectible accounts recovered during 2020 14700

Problem 1: For the year ended December 31, 2020, Sunland's bad debt expense would be

Option 1: $78000.

Option 2: $47700.

Option 3: $30300.

Option 4: $69000.

Reference no: EM132622687

Questions Cloud

What effect did accounting for the note have on gannon : What effect did accounting for the note have on Gannon's net earnings for 2019, 2020, 2021, and its retained earnings at the end of 2021, respectively?
Weights of stocks a and b in the optimal risky portfolio : What are the weights of stocks A and B in the optimal risky portfolio P and What is the standard deviation of the return on portfolio P?
Explain the role of a politician and a voter : Explain the role of a politician, a voter, an activist, and a lobbyist in the public policy change process. The response must be typed.
How much you have invested in risk free asset : A) If you place a stop-loss order to sell at $23 on a stock currently selling for $26.50 per share, what is likely to be the minimum loss you will experience
What sunland bad debt expense would be : For the year ended December 31, 2020, Sunland's bad debt expense would be? Sunland Company prepared an aging of its accounts receivable at December 31, 2020
Discuss old age and baby boomer : Discuss old age and the baby boomer. Explain some of the barriers to patient education of the elderly and discuss their special needs.
Create the first section of your policy change proposal : Using the Unit 3 Assignment instructions and grading rubric, create the first section of your policy change proposal and post it here in the body of the message
What is the rate of return from ali baba stock : You are bearish on Ali baba's stock and decide to sell short 100 shares at the current market price of $50 per share.
Standard deviation of the rate of return : 1. Consider the following information about a risky portfolio that you manage, and a risk-free asset: Expected return= 15%, standard deviation = 20%, r f =5%.

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