Business, 15.11.2019 04:31 imello51

At the end of 2016, nash's trading post, llc has accounts receivable of $635,600 and an allowance for doubtful accounts of $23,140. 1. on january 24, 2017, it is learned that the company’s receivable from madonna inc. is not collectible and therefore management authorizes a write-off of $4,210. 2. on march 4, 2017, nash's trading post, llc receives payment of $4,210 in full from madonna inc.
required:
1. prepare the journal entry to record the write-off.
2. what is the cash realizable value of the accounts receivable before the write-off and after the write-off?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:30

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Answers: 1

Answer

Business, 22.06.2019 15:20

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

Answers: 3

Answer

Business, 23.06.2019 01:30

Why would adjusting the money supply be expected to increase economic growth during a recession? a) increasing the money supply will encourage more saving. b) increased money supply will encourage more spending and investment. co) decreased money supply will encourage more spending and investment. d) recession is caused by too much

Answers: 3

Answer

Business, 23.06.2019 02:40

Rate of return, standard deviation, coefficient of variation personal finance problem mike is searching for a stock to include in his current stock portfolio. he is interested in hi-tech inc.; he has been impressed with the company's computer products and believes hi-tech is an innovative market player. however, mike realizes that any time you consider a technology stock, risk is a major concern. the rule he follows is to include only securities with a coefficient of variation of returns below 1.07. mike has obtained the following price information for the period 2015 through 2018:hi-tech stock, being growth-oriented, did not pay any dividends during these 4 years. a. calculate the rate of return for each year, 2015 through 2018, for hi-tech stock. b. assume that each year's return is equally probable and calculate the average return over this time period. c. calculate the standard deviation of returns over the past 4 years. (hint: treat this data as a sample.) d. based on b and c determine the coefficient of variation of returns for the security. e. given the calculation in d what should be mike's decision regarding the inclusion of hi-tech stock in his portfolio?

Answers: 3

Answer

You know the right answer?

At the end of 2016, nash's trading post, llc has accounts receivable of $635,600 and an allowance fo...

Questions