Blackhorse productions, inc., used the aging of accounts receivable method to estimate that its allowance for doubtful accounts should be $20,150. the account had an unadjusted credit balance of $10,200 at that time. the appropriate bad debt adjustment was recorded. later, an account receivable for $1,200 was determined to be uncollectible and was written off. required: for each transaction listed above, indicate the amount and direction (+ for increase or − for decrease) of effects on the financial statement accounts and on the overall accounting equation. (enter any decreases to assets, liabilities, or stockholders equity with a minus sign.)
Answers: 3
Business, 22.06.2019 23:20
Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?
Answers: 3
Business, 23.06.2019 00:50
Aproduction department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending work in process inventory. the units in ending work in process inventory were 50% complete with respect to both direct materials and conversion costs. calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Answers: 3
Business, 23.06.2019 00:50
On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was:
Answers: 3
Business, 23.06.2019 02:30
Driving would be more pleasant if we didn't have to put up with the bad habits of other drivers. a newspaper reported the results of a valvoline oil company survey of 500 drivers in which the drivers marked their complaints about other drivers. the top complaints turned out to be tailgating, marked by 24% of the respondents; not using turn signals, marked by 19%; being cut off, marked by 15%; other drivers driving too slowly, marked by 12%; and other drivers being inconsiderate marked by 5%.
Answers: 1
Blackhorse productions, inc., used the aging of accounts receivable method to estimate that its allo...
Mathematics, 29.01.2021 03:00
Mathematics, 29.01.2021 03:00
History, 29.01.2021 03:00
English, 29.01.2021 03:00
Mathematics, 29.01.2021 03:00
Mathematics, 29.01.2021 03:00
History, 29.01.2021 03:00
English, 29.01.2021 03:00
Advanced Placement (AP), 29.01.2021 03:00
Mathematics, 29.01.2021 03:00
Mathematics, 29.01.2021 03:00