Business, 25.06.2019 15:00, tamiyahtapp
Chan company’s year-end unadjusted trial balance shows account receivable of $215,000, allowance for doubtful accounts of $105 (credit), and credit sales of $975,000. uncollectibles are estimated to be 0.5% of annual credit sales. chan records its bad debts expense for that estimate on december 31. on the following february 1, chan decides that the $580 account of p. park is uncollectible and writes it off as a bad debt. on june 5, park unexpectedly pays the amount previously written off. prepare the journal entries for these transactions.
Answers: 1
Business, 21.06.2019 14:00, AgentPangolin
Take it all away has a cost of equity of 10.63 percent, a pretax cost of debt of 5.33 percent, and a tax rate of 35 percent. the company's capital structure consists of 71 percent debt on a book value basis, but debt is 31 percent of the company's value on a market value basis. what is the company's wacc?
Answers: 2
Business, 22.06.2019 12:00, ddaaaeeee3503
Which of the following is one of the advantages primarily associated with a performance appraisal? (a) it protects employees against discrimination on the basis of race. (b) it motivates employees to work on their shortcomings. (c) it encourages employees to play the role of the whistle-blower. (d) it accurately measures the resources of the firm.
Answers: 2
Business, 22.06.2019 12:20, Tierriny576
If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation
Answers: 3
Chan company’s year-end unadjusted trial balance shows account receivable of $215,000, allowance for...
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