Business, 05.07.2019 06:10 aschunyhung

The following information pertains to tara co.'s accounts receivable on december 31, year 4 days outstanding amount estimated % uncollectible 0‐60 $120,000 1% 61‐120 90,000 2% over 120 100,000 6% $310,000 during year 4, tara wrote off $7,000 in receivables and recovered $4,000 that had been written off in prior years. tara's december 31, year 3, allowance for uncollectible accounts was $22,000. under the aging method, what amount of allowance for uncollectible accounts should tara report on december 31, year 4?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 12:30

Rossdale co. stock currently sells for $68.91 per share and has a beta of 0.88. the market risk premium is 7.10 percent and the risk-free rate is 2.91 percent annually. the company just paid a dividend of $3.57 per share, which it has pledged to increase at an annual rate of 3.25 percent indefinitely. what is your best estimate of the company's cost of equity?

Answers: 1

Answer

Business, 22.06.2019 20:00

Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396

Answers: 3

Answer

Business, 22.06.2019 20:20

Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900

Answers: 1

Answer

Business, 23.06.2019 08:00

If consumers start to believe they need a product, what is likely to happen? a. the demand becomes less elastic. b. the demand becomes more elastic. c. the supply decreases. d. the price decreases.

Answers: 1

Answer

You know the right answer?

The following information pertains to tara co.'s accounts receivable on december 31, year 4 days out...

Questions