Business, 17.10.2019 05:30 Thejollyhellhound20

The following is a portion of the current assets section of the balance sheets of avanti's, inc., at december 31, 2020 and 2019: 12/31/20 12/31/19 accounts receivable, less allowance for bad debts of $9,191 and $17,208, respectively $177,589 $235,235 required: a. if $11,944 of accounts receivable were written off during 2020, what was the amount of bad debts expense recognized for the year? (hint: use a t-account model of the allowance account, plug in the three amounts that you know, and solve for the unknown.)

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 06:40

Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?

Answers: 1

Answer

Business, 22.06.2019 09:50

Why should managers invest any excess cash

Answers: 1

Answer

Business, 22.06.2019 12:20

In terms of precent, beer has more alcohol than whiskey true or false

Answers: 1

Answer

Business, 22.06.2019 19:00

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.

Answers: 2

Answer

You know the right answer?

The following is a portion of the current assets section of the balance sheets of avanti's, inc., at...

Questions