User Account

All Pages

How much is uncollectible-account expense

Assignment Help Accounting Basics
Reference no: EM131660754

Question - David Company had the following information in 2014.

Accounts receivable 12/31/14 - $14,000

Allowance for uncollectible account 12/31/14 - $900

Credit sales during 2014 - $37,000

Cash sales during 2014 - $16,000

Collections from customers on account during 2014 - $47,000

Uncollectible accounts are determined by the percent-of-sales method to be 4% of credit sales. How much is uncollectible-account expense for 2014?

A. $1480

B. $2120

C. $560

D. $900

Reference no: EM131660754

Questions Cloud

Describe quality planning and the quality management plan : Describe quality planning and the quality management plan.
Polycorp existing assets : 1. Polycorp's existing assets (projects) have a average beta of 1.2. The market risk premium is 5% and the risk free rate is 3%.
Assess current legal and ethical principles : Assess current legal and ethical principles and the application of such principles in healthcare practice.
What is your opinion on the current use of vaccinations : What is your opinion on the current use of vaccinations. How would you educate parents regarding the safety and effectiveness of vaccinations
How much is uncollectible-account expense : Uncollectible accounts are determined by the percent-of-sales method to be 4% of credit sales. How much is uncollectible-account expense for 2014
Time value of money calculations template : Resources: Microsoft® Office® 2013 Accessibility Tutorials, Microsoft® Excel®, Time Value of Money Calculations Template
Discuss personal liability of the directors to corporation : This loss is not covered by insurance. The corporation wants to hold directors Ellsworth, Green, and Morino liable. Ellsworth claims no liability.
Discuss nursing interventions for joe : State two (2) priority nursing concerns and related nursing interventions for Joe
Create weighted scoring model to determine grades : Create a weighted scoring model to determine grades for a course. Final grades are based on three examinations worth 20 percent,

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