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Salsk061 [2.6K]
2 years ago
8

At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $192,800 and in Allowance for Doub

tful Accounts of $8,520 (credit). During the period, it had net credit sales of $722,500 and collections of $708,940. It wrote off as uncollectible accounts receivable of $7,972. However, a $3,275 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $22,740 at the end of the period. (Omit cost of goods sold entries.) Collapse question part (a - d) (a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (c) Prepare the entries to record the recovery of the uncollectible account during the period. (d) Prepare the entry to record bad debt expense for the period.
Business
1 answer:
Delicious77 [7]2 years ago
3 0

Kingbird Corp

A.

Dr Account Receiveable $722,500

Cr Sales Revenue $722,500

B.

Dr cash $708,940

Cr Account receivable $708,940

C.

Dr Bad debt expense $14,220

($22,740-$8,520)

Cr Allowance for Doubtful Account $14,220

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All reports required to can be found online at sec.gov.
earnstyle [38]

Answer:

Twitter's amended S-1 filing

Maximum estimated capital expenditures in 2013:

= $98 million

Explanation:

Twitter's capital expenditures in 2013 can be estimated by subtracting the  long-term or non-current assets of 2012 from 2013.

The 2013 long-term assets (Property and equipment, net) are worth $284,024,000

The 2012 long-term assets (Property and equipment, net) are worth  $185,574,000

The capital expenditure in 2013 =       $98,450,000

The implication is that Twitter added to (or increased) its property and equipment by $98,450,000, which represent new capital expenditures in 2013.

Twitter filed SEC Form 1-A (S-1) with the Securities and Exchange Commission (SEC) when it was seeking exemption for registration requirements for its public offerings as an "emerging growth company,"  as  it is "allowed by the federal securities laws to elect to comply with certain reduced public company reporting requirements for future filings."

8 0
2 years ago
On January 1, Year 1, Boston Group issued $100,000 par value, 5% 5-year bonds when the market rate of interest was 8%. Interest
maks197457 [2]
Would have to say the answer is B
8 0
2 years ago
explain why the percentage of poeple with $300,000 or more increase so substantially across the age groups​
Tpy6a [65]

Because in <u>accumulation of wealth, older people have an advantage</u>.

Explanation:

Older people tend to have more money simply because:

<u>1. they have had longer careers and hence are expected to have better salaries with better positions</u>

<u>2. they have had more time to save up capital and invest.</u>

Every age group chronologically is more able to collect money in their working years. Young people starting their careers are less likely to be able to accumulate wealth to have a worth that much.

8 0
2 years ago
The earnings and dividends of Nsuala Computer Co. are expected to grow at an annual rate of 15 percent over the next 4 years and
Blizzard [7]

Answer:

$11.36

Explanation:

Data provided in the question:

Annual growth rate for 4 years = 15% = 0.15

Growth rate after 4 years = 8% = 0.08

Current dividend paid, D0 = $0.50 per share

Required rate of return = 14% = 0.14

Now,

Dividend paid for the next year = Current dividend × ( 1 + growth rate )

Thus,

Do = $0.50

D1 = $0.50 × ( 1 + 0.15 ) = $0.575

D2 = $0.575 × ( 1 + 0.15 ) = $0.661

D3 = $0.661  × ( 1 + 0.15 ) = 0.7604

D4 = $0.7604  × ( 1 + 0.15 ) = $0.8745

D5 = $0.8745  × ( 1 + 0.08 )  = $0.9444

Therefore,

Current Price = [ ₀⁴∑ (Dividend ÷ (1 + r )ⁿ) ] + [ D5 ÷ ( r - g ) ] ÷ (1 + r)⁴

Here,

n is the year

r is the required rate of return

thus,

= $0.575 ÷ (1 + 0.14) + $0.661 ÷ (1.14)² + $0.7604 ÷ (1.14)³ +$0.8745 ÷ (1.14)⁴ + [ ($0.9444 ÷ (0.14 - 0.08)) ] ÷ 1.14⁴

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Karo-lina-s [1.5K]

Answer:

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Evidence-based management is a critically thought-provoking approach to decision making. This practice has the following principles: treat your organization as an unfinished prototype; <em>no brag, just facts; see yourself and your organization as outsiders do; evidence‐based management is not just for senior executives; like everything else, you still need to sell evidenced‐based management; if all else fails, slow the spread of bad practices; and questioning what happens when people fail? </em>

In front of a problematic situation, the "if all else fails, slow the spread of bad practices" is used when the consequence of an action is likely to be negative, but usually represents an order in the relationship of a principal-agent. The agent then carries out the necessary procedure as slowly as possible to prevent an unexpected reaction.

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2 years ago
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