User Account

All Pages

Determine the amount of revenue earned on account

Assignment Help Accounting Basics
Reference no: EM132465543

Question 1: X Co. had a $3,400 ending balance in accounts receivable on December 31, Year 4. During Year 4, the company earned $62,200 of revenue on account and collected $63,100 cash from accounts receivable. Based on this information alone, determine the amount of the beginning balance in accounts receivable.

Question 2: X Co. had a $9,700 beginning balance in accounts receivable on January 1, Year 4. During Year 4, the company earned $99,700 of revenue on account. The ending balance in accounts receivable was $10,300. Based on this information alone, determine the amount of cash collections from accounts receivable.

Question 3: X Co. had a $22,000 beginning balance in accounts receivable on January 1, Year 4. During Year 4, the company collected $109,000 of revenue on account. The ending balance in accounts receivable was $21,300. Based on this information alone, determine the amount of Revenue earned on account.

Reference no: EM132465543

Questions Cloud

What is amount of total liabilities at the end of the year : If total assets decreased $90,000 and stockholders' equity increased $117,000 during the year, what is the amount of total liabilities at the end of the year?
Discuss risk methodologies used in capital budgeting : Discuss risk methodologies used in capital budgeting. Do you believe that there was sufficient financial information to make a solid decision on what to do
What is the present value of the proposed service : Question: What is the present value of the proposed service of the machine?
What happened to net working capital during year : What happened to net working capital during the year? (Enter your answer in millions rounded to 1 decimal place.)
Determine the amount of revenue earned on account : The ending balance in accounts receivable was $21,300. Based on this information alone, determine the amount of Revenue earned on account.
Using better inventory control systems : Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $5.7 million. The equipment will be depreciated
What would be the balance of the lease obligation : Pearson's incremental borrowing rate was 9%. What would be the balance of the lease obligation on January 1, 2017, for financial reporting after lease payment
Determine the amount of the ending balance in accounts : Cash from accounts receivable. Based on this information alone, determine the amount of the ending balance in accounts receivable.
Free cash flow valuation : You are evaluating the potential purchase of a small business with no debt or preferred stock that is currently generating ?$42,800 of free cash flow

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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