Business, 25.10.2019 01:43, jessicad1198
Johnson company calculates its allowance for uncollectible accounts as 5% of its ending balance in gross accounts receivable. the allowance for uncollectible accounts had a credit balance of $30,000 at the beginning of 2021. no previously written-off accounts receivable were reinstated during 2021. at 12/31/2021, gross accounts receivable totaled $500,100, and prior to recording the adjusting entry to recognize bad debts expense for 2021, the allowance for uncollectible accounts had a debit balance of 55,000.
Answers: 3
Business, 22.06.2019 11:00, mmcdaniels46867
Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld
Answers: 2
Business, 23.06.2019 01:40, Dede6308
Which of the following statements is incorrect? select one: a. personal creditors have first claim on partnership assets. b. partnerships are subject to dual taxation. c. no law requires partners to create a written partnership agreement, but it's smart to do so. d. partnership has limited life and unlimited liability.
Answers: 3
Business, 23.06.2019 02:30, rosier2230
Astudent finds data on an internet site that contains financial information about selected companies. he plans to analyze the data and use the results to develop a stock investment strategy. what kind of data source is he using? what concerns might you have about drawing conclusions from this data set?
Answers: 1
Johnson company calculates its allowance for uncollectible accounts as 5% of its ending balance in g...
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