Business, 12.12.2019 23:31 natalie2sheffield
At the end of the first year of operations, yolandi company had $900,000 in sales and accounts receivable of $350,000. xyz’s management has estimated that 1.5% of sales will be uncollectible. for the end of 2019, after the adjusting entry for bad debts was journalized, what is the balance in the following accounts:
1. bad debt expense:
2. allowance for doubtful accounts:
3. for the end of 2019, what is the company's net realizable value?
Answers: 1
Business, 22.06.2019 23:30, cici170
Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.
Answers: 1
Business, 23.06.2019 10:00, kelsgoat22
Brody and tanya recently sold some land they owned for $150,000. they received the land five years ago as a wedding gift from brody's aunt jeanette. she had already given them cash equal to the annual exclusion during that year. aunt jeanette purchased the land many years ago when the property was worth $20,000. at the time of the gift, the property was worth $100,000 and aunt jeanette paid $47,000 in gift tax. what is the long term capital gain on the sale of the property
Answers: 3
At the end of the first year of operations, yolandi company had $900,000 in sales and accounts recei...
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