The accounts receivable balance for renue spa at december 31, 2017, was $61,000. also on that date, the balance in the allowance for doubtful accounts was $3,750. during 2018, $2,100 of accounts receivable were written off as uncollectible. in addition, renue unexpectedly collected $500 of receivables that had been written off in a previous accounting period. services provided on account during 2018 were $215,000, and cash collections from receivables were $218,000. uncollectible accounts expense was estimated to be 2 percent of the sales on account for the period. required organize the information in accounts under an accounting equation. based on the preceding information, compute (after year-end adjustment): (1) balance of allowance for doubtful accounts at december 31, 2018. (2) balance of accounts receivable at december 31, 2018. (3) net realizable value of accounts receivable at december 31, 2018. what amount of uncollectible accounts expense will renue spa for 2018?

Shrieves casting company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by sidney johnson, a recently graduated mba. the production line would be set up in unused space in the main plant. the machinery’s invoice price would be approximately $200,000, another $10,000 in shipping charges would be required, and it would cost an additional $30,000 to install the equipment. the machinery has an economic life of 4 years, and shrieves has obtained a special tax ruling that places the equipment in the macrs 3-year class. the machinery is expected to have a salvage value of $25,000 after 4 years of use. the new line would generate incremental sales of 1,250 units per year for 4 years at an incremental cost of $100 per unit in the first year, excluding depreciation. each unit can be sold for $200 in the first year. the sales price and cost are both expected to increase by 3% per year due to inflation. further, to handle the new line, the firm’s net working capital would have to increase by an amount equal to 12% of sales revenues. the firm’s tax rate is 40%, and its overall weighted average cost of capital, which is the risk-adjusted cost of capital for an average project (r), is 10%. define “incremental cash flow.” (1) should you subtract interest expense or dividends when calculating project cash flow?

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?

Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount