User Account

All Pages

What is the balance in Mott Road receivables account

Assignment Help Accounting Basics
Reference no: EM132617302

Question - Mott Road Corporation reported the following information at the end of 2018:

Credit sales $350,000

Sales returns 5,000

Accounts receivable (beg) 170,000

Cash collected 340,000

Write-offs 7,000

Required - What is the balance in Mott Road's receivables account at the end of 2018?

a. $173,000

b. None of the answers are correct

c. $175,000

d. $180,000

e. $168,000

Reference no: EM132617302

Questions Cloud

How do prepare income statement using variable costing : Hujan Renyai Sdn. Bhd. makes umbrella for the monsoon season. Prepare income statement using variable costing and absorption costing for year 1 and year 2
Compute the contribution margin ratio : Wang Co. manufactures and sells a single product that sells for $600 per unit; Compute the contribution margin ratio
Circumstances surrounding the 2007-2009 financial crisis : The circumstances surrounding the 2007-2009 financial crisis (cite specific aspects of the 2007-2009 financial crisis).
What is the subgame perfect nash equilibrium : Consider the version of the Prisoners' Dilemma shown in Figure 9.18.
What is the balance in Mott Road receivables account : Mott Road Corporation reported the following information at the end of 2018: What is the balance in Mott Road's receivables account at the end of 2018
How do classify the cost for cement manufacturing company : How do Classify the cost for cement manufacturing company referring to the annual report. Explain with an example on what are the cost elements
Support-procurement prices in pakistan from 1980-2019 : What are the wheat support/procurement prices in Pakistan from 1980-2019? Annual based data is required.
Analyze to what extent the organizations use ebp : In this Discussion, you will consider this adoption. You will examine healthcare organization websites and analyze to what extent these organizations use EBP.
Think of an action by a business organization : Think of an action by a business organization (sole proprietor, partnership, or corporation) that was legal but strikes you as wrong. What was it?

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