User Account

All Pages

What was the position of trade receivables at the end

Assignment Help Financial Accounting
Reference no: EM132789772

Question - At the beginning of 2020, the balance of Accounts Receivable was ISK 19,000. During the year, sales amounted to ISK 189,000. and cash sales were ISK 78,000. Trade receivables in the amount of ISK 162,000. were collected during the year. In addition, ISK 1,275 was collected. which had previously been recorded as verifiably lost claims. Based on the above transactions, what was the position of trade receivables at the end of 2020?

a. 124,000 kr.

b. 122,725 kr.

c. 46,000 kr.

d. 44,725 kr.

Reference no: EM132789772

Questions Cloud

Discuss how you use the method in your daily life : Discuss how you use this method in your daily life, providing specific examples. For instance, how would you use the scientific method if you find that your.
What is the revenue recognized under accrual accounting : On September 1 of the current year, What's the revenue recognized under accrual accounting? What's the revenue recognized under case-basis accounting?
What is the size of the final payment : The payment of $682 is due at the end of each month. If the interest rate compounded annually is 3.99%, what is the size of the final payment
How groups and group members respond to conflict : For your "Complete" assignment, you are to write a comprehensive APA analysis paper including knowledge you gained from the Read and Attend throughout.
What was the position of trade receivables at the end : At the beginning of 2020, the balance of Accounts Receivable was ISK 19,000. What was the position of trade receivables at the end
Why ifrs requires the segregation of complex property : Why IFRS requires the segregation of complex property, plant, and equipment assets into components and provide an example of an asset
Technology role in early childhood education : What are your views on technology's role in early childhood education now? How have your views changed since starting this course?
What is the expected unit sales decrease : The short-run elasticity of demand for chicken breasts is measured by the National Chicken Council to be « 5 20.75.
What the overhead applied to each unit of product : Nole, Inc., manufactures and sells two products, What the overhead applied to each unit of Product W8 under activity-based costing is closest to

Reviews

Write a Review

Financial Accounting Questions & Answers

  Create a flowchart or logic diagram

Create a flowchart or logic diagram to represent the flow of transactions from the raising of purchase order to cash payment

  Evaluate the three proposals for expansion

On October 1, 2015, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting services, computer system installations, and custom program development. Evaluate the three propos..

  Question paul company had 112000 shares of general stock

question paul company had 112000 shares of general stock outstanding during 2013.paul also had 10000 share of

  How much is the residual income

Direct fixed costs totaling $100000. The company's operating assets total $1000000, and its required return is 10%. How much is the residual income?

  Calculate the taxable income and tax loss

Calculate the taxable income/tax loss and the current tax liability (if any) for the financial year ended 30th June 2019. journal entry to recognise the current

  What is the value of the company

Tool Manufacturing has an expected EBIT of $83,000 in perpetuity and a tax rate of 25 percent. What is the value of the company

  Forecast the abnormal earnings

Suppose that as you finish a valuation exercise on January 1, 20X1, using the abnormal earnings model, you forecast the abnormal earnings to be $50 at the end of 20X6. From that point, an abnormal earnings is expected to grow at 2 percent. The discou..

  What is the yield to maturity

What is the yield to maturity? Round your answer to two decimal places. What is the yield to call? Round your answer to two decimal places

  Calculate the amount to be reported as research

Calculate the amount to be reported as research and development expense by Oakville on its income statement for 2020. Assume the equipment

  Illustrate what is the minimum price that company should set

Assume if PowerPunch sells for $7.25 per bottle, how much profit does the company earn per bottle of PowerPunch that it sells? Illustrate what is the minimum price that the company should set per bottle of SlimLife?

  Determine if the cash-generating unit is impaired

Pearl Landscaping Limited has determined that its lawn maintenance division is a cash-generating unit under IFRS.

  The net present value for project

Question # 1:  Zellars, Inc. is considering two mutually exclusive projects, A and B. Project A costs $75,000 and is expected to generate $48,000 in year one and $45,000 in year two.  Project B costs $80,000 and is expected to generate $34,000 in yea..

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