Business

29 July, 04:14

On december 31, 2016, the end of larry's used cars' first year of operations, the accounts receivable was $54,500. the company estimates that $1,200 of the year-end receivables will not be collected. accounts receivable in the 2016 balance sheet will be valued at:

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “On december 31, 2016, the end of larry's used cars' first year of operations, the accounts receivable was $54,500. the company estimates ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

One of your customers is delinquent on his accounts payable balance. you've mutually agreed to a repayment schedule of $500 per month. you will charge 1.40 percent per month interest on the overdue balance.

What are the characteristics of products that are most suitable to be carried in finished-goods inventory retail stores?

After the amount due on a sale of $23,900, terms 1/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment for a cash refund. The cost of the merchandise returned is $14,340. a.

A corporate bond was quoted yesterday at 102.16 while today's quote is 102.19. What is the change in the value of a bond that has a face value of $3,000?

Shown below are selected data from the financial statements of the Supreme Company. (Dollar amounts are in millions, except for the per share data).

New Questions in Business

Sundance Systems has the following transactions during July. July 5 Purchases 56 LCD televisions on account from Red River Supplies for $3,300 each, terms 3/10, n/30. July 8 Returns to Red River two televisions that had defective sound.

Landow Company uses variable costing for internal purposes and wants to restate income to that of absorption costing for external reporting purposes. Landow's income under variable costing is $630,000.

The students in Mrs. Reed's English class are reading the same $760$-page novel. Three friends, Alice, Bob and Chandra, are in the class. Alice reads a page in $20$ seconds, Bob reads a page in $45$ seconds and Chandra reads a page in $30$ seconds.

Which of the following would not be included in calculating the incremental cash flow for a project? The firm expects sales of the new product to be $5,000,000 per year.

The type of uncertainty that is in operation when an entrepreneur takes a gamble on an as yet non-existent market is called ambiguity. True False