Business, 14.10.2020 14:01, katielloyd
Estimating Uncollectible Accounts and Reporting Accounts Receivable LaFond Company analyzes its accounts receivable at December 31, and arrives at the aged categories below along with the percentages that are estimated as uncollectible. Age Group Accounts Receivable Estimated Loss % 0-30 days past due $80,000 1% 31-60 days past due $20,000 2 61-120 days past due $14,000 5 121-180 days past due $6,000 10Over 180 days past due $4,000 25 Total accounts receivable $ 124,000 The unused balance of the allowance for uncollectible accounts is $450 on December 31, before any adjustments.(a) What amount of bad debts expense will LaFond report in its income statement for the year? (b) Use the financial statement effects template to record LaFond's bad debts expense for the year. Balance Sheet Transaction Record bad debt expense Cash Asset + Noncash Assets = Liabilities + Contributed Capital + Earned Capital Income Statement Revenue - Expenses = Net Income (c) What is the balance of accounts receivable on it December 31 balance sheet?
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Business, 22.06.2019 06:30, coralaguilar1702
73. calculate the weighted average cost of capital (wacc) based on the following information: the equity multiplier is 1.66; the interest rate on debt is 13%; the required return to equity holders is 22%; and the tax rate is 35%. (a) 15.6% (b) 16.0% (c) 15.0% (d) 16.6% (e) none of the above
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Business, 22.06.2019 21:00, neylabaker7489
In a transportation minimization problem, the negative improvement index associated with a cell indicates that reallocating units to that cell would lower costs. truefalse
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Business, 23.06.2019 00:00, amanquen35
How do the percentages of the 65 customer satisfaction ratings in that actually fall into the intervals [formula62.mml ± s], [formula62.mml ± 2s], and [formula62.mml ± 3s] compare to those given by the empirical rule? do these comparisons indicate that the statistical inferences you made in parts b and c are reasonably valid? (round your answers to the nearest whole number. omit the "%" sign in your
Answers: 2
Estimating Uncollectible Accounts and Reporting Accounts Receivable LaFond Company analyzes its acco...
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