Acompany ages its accounts receivables to determine its end of period adjustment for bad debts. at the end of the current year, management estimated that $34,500 of the accounts receivable balance would be uncollectible. prior to any year-end adjustments, the allowance for doubtful accounts had a debit balance of $1,000. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
Answers: 3
Business, 21.06.2019 16:20
Kinkead inc. forecasts that its free cash flow in the coming year, i.e., at t = 1, will be â$10 million, but its fcf at t = 2 will be $20 million. after year 2, fcf is expected to grow at a constant rate of 4% forever. if the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?
Answers: 2
Business, 21.06.2019 22:20
If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false
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Business, 22.06.2019 01:00
Awidower devised his fee simple interest in his residence as follows: âto my daughter for life, then to my oldest grandchild who survives her.â at the time of the widowerâs death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughterâs son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelleyâs case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?
Answers: 2
Business, 22.06.2019 15:10
You want to have $80,000 in your savings account 11 years from now, and youâre prepared to make equal annual deposits into the account at the end of each year. if the account pays 6.30 percent interest, what amount must you deposit each year? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers: 1
Acompany ages its accounts receivables to determine its end of period adjustment for bad debts. at t...
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