Discuss what is the balance of accounts receivable

Assignment Help Accounting Basics
Reference no: EM131773073

The data below is for Music Corporation for 2015-Account receivable - Jan. 1 2015 $236, 000; Credit sales during 2015 $820,000; C0llections from credit customers during 2015 $590,000; Customer accounts written off as uncollected during 2015 $8000; allowance for doubtful accounts - Jan, 1, 2015 $8700, Estimated uncollected accounts based on an aging analysis $9,600. Refer to the data for Music Corporation. What is the balance of Accounts Receivable at December 31, 2015?

Reference no: EM131773073

Questions Cloud

Describe community development issue facing tourism industry : Describe two community development issues facing the tourism and hospitality industries in the region you have chosen, in addition to over-tourism.
Discuss the information about anole company : the information about Anole Company. Anole's total stockholders' equity reported on the balance sheet at December 31, 2015
Against capital punishment : What are some of the arguments used for and against capital punishment? (You may want to complete some additional research to add to your knowledge).
Should the role of the criminal profiler be expanded : How can this perception be changed to accurately reflect the realities of both serial killer investigations and criminal profilers?
Discuss what is the balance of accounts receivable : What is the balance of Accounts Receivable at December 31, 2015
Explain the strengths of quantitative and qualitative data : There are many ways that nurses and researchers can obtain information and data. Quantitative and qualitative data both have their strengths and weaknesses.
Representative on a high-profile b2c e-commerce project : You have been asked to act as the security representative on a high-profile B2C e-commerce project. After examining the requirements provided
Develop a vision statement for the organization : Develop a vision statement for this organization. When developing a vision statement, be mindful of the module readings and lecture materials.
Discuss what will be reported with respect to the bonds : If the accounting year for Frank ends at December 31, 2015, what will be reported with respect to the bonds on that date

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.

  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!

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