User Account

All Pages

What is the net realizable as of December

Assignment Help Accounting Basics
Reference no: EM132535788

Question - After the December 31, 2019 adjusting journal entries have been posted, Sinclair Enterprises has the following account balances (all accounts have normal balances):

Account Title Account Balance

Accounts Receivable $154,000

Allowance for Bad Debts $4700

Bad Debts Expense $8000

Required - What is the net realizable as of December 21, 2019?

A) $158,700

B) $146,000

C) $141,300

D) $149,300

Reference no: EM132535788

Questions Cloud

Discuss other viewpoints or opposing viewpoints to program : Describe whether the program is effective and offer evidence to support your rationale. Discuss other viewpoints or opposing viewpoints to the program.
Calculate the return on equity at december : The company has profit of $79,000 in 2013 and paid $85,000 in dividends. Calculate the return on equity at December 31, 2013
Discuss thoughts on the inclusion of american indian history : Discuss your thoughts on the inclusion of American Indian history and culture, in the Black Hills of South Dakota, at the Mount Rushmore National Memorial
Discuss the data that matters to the executives : Based on the company you have identified for your Final Paper, discuss 1) the data that matters to the executives in that industry, 2) who, within that industry
What is the net realizable as of December : Accounts Receivable $154,000 and Allowance for Bad Debts $4700. What is the net realizable as of December 21, 2019
Discuss each of the stages in the change framework : Discuss each of the stages in the change model/framework. Describe how you would apply each stage in your proposed implementation.
Determine the profit before income tax : The company has a 20% tax rate and has previously accrued $25,000 in income taxes. Determine the profit before income tax and the income tax expense
What the importance or usefulness of hr metrics : What The importance and/or usefulness of HR metrics. What main point(s) about HR metrics does each author make? Do you agree? Why or why not?
How many shares are authorized at the end : The market price of the shares was $16 at the time of the sale. How many shares are authorized at the end of 2013

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