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Question - Lokalalo has plenty of customers, who because of the nature and price of the work these customers are typically given a month to pay for the work. At 31 August 2020, Lokalalo has $1,500,000 in accounts receivable. Lokalalo anticipates that 10% of their customers will default and not pay at all.
You are a student studying BUS 114 and have been approached by Paulo Jr. the managing director to answer his following questions.
What value will the accounts receivable (debtors) be recorded for in the balance sheet on 31 August and why?
cost classification into rampd design production marketing distribution customer service.classify each cost item of
Calculate the company's overall return on investment (ROI). Also, calculate the com- pany's overall economic value added amount. (Assume a weighted-average cost of capital of 10%.
GreenUp, a calendar year, accrual basis taxpayer, provides landscaping installation and maintenance services to its customers. In August 2016, GreenUp contracted with a university to renovate its lawns and gardens. How much revenue should GreenUp re..
What amount of cash disbursements for insurance would be reported in Nagel's 2021 net cash provided by operating activities presented on a direct basis
The allowance method of accounting for bad debt is GAAP acceptable which accounting principles supports using the allowance method of accounting for bad debt?
You are the Vice-President of Mayan Corporation, a financing company, would you invest in the municipal bonds or the corporate bond?
The plant and equipment had a further 5-year life and is depreciated on a straight line basis. The differences between carrying amounts and fair value on acquisition date are adjusted on consolidation. Geraldton Ltd uses the partial goodwill metho..
Use the BOP analysis to briefly discuss how the operating cycle data relate to the amount of working capital and the current and acid-test ratios.
Are the annual reports in compliance with the conceptual framework and AASB standard requirements and you need to use extracts from the annual reports to support your analysis.
If Sweet uses the effective-interest method, determine the amount of interest expense to record if financial statements are issued on October 31, 2017
Compute cost of goods sold and ending inventory, using each of the following methods:- Specific unit cost, Weighted-average cost - First-in, first out cost.
The principal investment amount at the same time that the stock was purchased, forward at forward exchange rate of £0.60/$1.00. The dollar rate of return would
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