Business, 27.01.2021 19:00 jackson5637
BE8-3 At the end of 2011, Tatham Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. On January 24, 2012, it is learned that the
company’s receivable from Nardin Inc. is not collectible and therefore management authorizes a write-off of $4,300.
(a) Prepare the journal entry to record the write-off.
(b) What is the cash realizable value of the accounts receivable (1) before the write-off
and (2) after the write-off?
BE8-4 Assume the same information as BE8-3 and that on March 4, 2012, Tatham Co.
receives payment of $4,300 in full from Nardin Inc. Prepare the journal entries to record
this transaction.
BE8-5 Lynch Co. uses the percentage of receivables basis to record bad debts expense
and concludes that 2% of accounts receivable will become uncollectible. Accounts receivable are $400,000 at the end of the year, and the allowance for doubtful accounts has a
credit balance of $2,800.
(a) Prepare the adjusting journal entry to record bad debts expense for the year.
(b) If the allowance for doubtful accounts had a debit balance of $900 instead of a credit
balance of $2,800, prepare the adjusting journal entry for bad debts expense.
Answers: 1
Business, 21.06.2019 22:10
Uestion 7 you hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. the portfolio beta is equal to 1.12. you have decided to sell a coal mining stock (b = 1.00) at $5,000 net and use the proceeds to buy a like amount of a mineral rights company stock (b = 2.00). what is the new beta of the portfolio?
Answers: 3
Business, 22.06.2019 00:40
Gdonald was unhappy that his company did not provide good transport facilities. he found it very strenuous to drive to work on his own, and this eventually led to job dissatisfaction. hence, he recommended ways to solve this problem. according to the evln model, this information suggests that donald's main reaction to job dissatisfaction was:
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Business, 22.06.2019 16:50
According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses
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Business, 22.06.2019 19:30
Oz makes lion food out of giraffe and gazelle meat. giraffe meat has 18 grams of protein and 36 grams of fat per pound, while gazelle meat has 36 grams of protein and 18 grams of fat per pound. a batch of lion food must contain at least "46,800" grams of protein and 70,200 grams of fat. giraffe meat costs $1/pound and gazelle meat costs $2/pound. how many pounds of each should go into each batch of lion food in order to minimize costs? hint [see example 2.]
Answers: 1
BE8-3 At the end of 2011, Tatham Co. has accounts receivable of $700,000 and an allowance for doubtf...
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