The following information relates to Jay Co.'s accounts receivable for 2004:Accounts receivable, 1/1/04$650,000Credit sales for 20042,700,000Sales returns for 200475,000Accounts written off during 200440,000Collections from customers during 20042,150,000Estimated future sales returns at 12/31/0450,000Estimated uncollectible accounts at 12/31/04110,000What amount should Jay report for accounts receivable, before allowances for sales returns and uncollectible accounts, on December 31, 2004
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Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine
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Business, 22.06.2019 22:00
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What happens when the government finances a job creation project through taxes and borrowing?
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The following information relates to Jay Co.'s accounts receivable for 2004:Accounts receivable, 1/1...
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