Determine the accounts receivable balance

Assignment Help Accounting Basics
Reference no: EM13155543

At December 1, 2010, Orear Company's Accounts Receivable balance was $1,200. During December, Orear had credit sales of $5,000 and collected accounts receivable of $4,000. At December 31, 2010, the Accounts Receivable balance is ??

Reference no: EM13155543

Questions Cloud

Estimating diluted earnings per share : What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2011
Briefly offer an ezplaination that can resolve that dilems : one of your econ classmates is puzzled by how the wealth effect is a reason for not only the downward sloping nature of aggregate demand (AD) schedule, but also for shifts in the AD curve. Briefly offer an ezplaination that can resolve that dilems..
Transformation of quartz at high pressure and temperature : We find coesite and stishovite in shocked Coconino Sandstone at meteor Crater. We infer that coesite and stishovite formed from the transformation of quartz at high pressure and temperature.
What is the corrosponding saving function : Suppose you have estimated the consumption function as C=250=0.90Yd where Yd is disposable income. what is the corrosponding saving function?
Determine the accounts receivable balance : At December 1, 2010, Orear Company's Accounts Receivable balance was $1,200. During December, Orear had credit sales of $5,000 and collected accounts receivable of $4,000. At December 31, 2010, the Accounts Receivable balance is ??
What group of monerans are an important source of o2 : List the dining characteristics of Kingdom Monera. What is the common name for the largest group of Monerans? What group of Monerans are an important source of O2?
What policy action could it posibaly take now : If the goverment of Langkawi decides that it cannot wait for the economy to self-correct in the long-run, what policy action could it posibaly take now? what trade offs,if any, will it have to be prepared to make in term of economic outcomes?
Debit-credit equipment-consolidated financial statements : Calculate the amount to be debited or credited for equipment during the preparation of the 2008 consolidated financial statements.
Calculate the ph of the solution : Consider the titration of 50.0 mL of 0.217 M HN3 (Ka = 2.6 x 10-5) with 0.183 M NaOH. Calculate the pH of the solution after the addition of 29.6 mL of NaOH solution.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Willing to invest to ensure additional loss

If Rumper Company decides to rework the ratchers, how much should the company be willing to invest to ensure that no additional loss occurs on the sale of the ratchers?

  Income tax results of partnership formation

Bill contributes property (adjusted basis of $60,000; fair market value of $80,000) in exchange for his partnership interest. Which of the following statements is true concerning the income tax results of this partnership formation?

  How might the nature of the business affect your decision

Imagine you are preparing a business s cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision?

  How much gain must troy recognize on his home

Troy (single) purchased a home in Hopkinton, Massachusetts, on April 6, 2005, for $300,000. He sold the home on October 6, 2012, for $320,000.

  What was the fixed overhead spending variance

Each unit requires 20 minutes of direct labor. If 13,200 units were produced, what was the fixed overhead spending variance?

  Retained earnings and net of tax

At the beginning of 2008, a decision was made to change to the straight-line method of depreciation for this equipment. Assuming a 30% tax rate, the cumulative effect of this accounting change on beginning retained earnings, net of tax, is

  What is corporate governance

What is Corporate governance and outline brief history of corporate governance - Prepare an essay on Corporate\IT governance and internal control.

  What percentage interest in the pool

What percentage interest in the pool is held by the town and the school district? Show the entry in the Investment Trust Fund to record the School District's investment in the pool.

  Net cash from operating activities

Why may net cash flow from operating activities on the cash flow statement be different from the amount of net income reported on the income statement?

  Determining amount of fixed manufacturing overhead

Compute the amount of fixed manufacturing overhead that would be expensed in the current year if full absorption costing is used. Compute the amount of fixed manufacturing overhead that would be expensed in the current year if variable costing is u..

  Determine the amount of cost of goods sold

On January 1, 2001, raw materials inventory included direct materials with a cost of $20,000. During the year, the firm purchased direct materials costing $50,000. At year-end, the account included direct materials, with a cost of $5,000.

  Determining fair market price for the stock

A particular common stock has an annual cash dividend of $2 per share and is predicted to have a market value of $30 per share 5 years from now. Assuming a discount rate of 10%, a fair market price for the stock today is:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd