Geisel, Inc. reported net sales revenue of $515,000 in 2018 and $627,000 in 2019. The company’s ending net receivables were $127,000 during 2017 and $124,000 during 2018. At December 31, 2019, the company had Accounts Receivable of $159,000 and an unadjusted debit balance in its Allowance for Doubtful Accounts account of $1,900. The company reported Bad Debt Expense of $11,350 during 2018. Required: Determine the net receivables at December 31, 2019. Calculate the receivables turnover ratio for 2018 and 2019. Calculate the days to collect for 2018 and 2019.
Answers: 1
Business, 21.06.2019 22:20
On january 1, jackson, inc.'s work-process inventory account showed a balance of $ 66,500. during the year, materials requisitioned for use in production amounted to $ 70,500, of which $ 67,700 represented direct materials. factory wages for the period were $ 210,000 of which $ 187,000 were for direct labor. manufacturing overhead is allocated on the basis of 60% of direct labor cost. actual overhead was $ 116,050. jobs costing $ 353,060 were completed during the year. the december 31 balance in work-process inventory is
Answers: 1
Business, 21.06.2019 22:30
Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand
Answers: 2
Business, 22.06.2019 05:30
In most states, a licensee must provide a(n) of any existing agency relationships to all parties
Answers: 3
Business, 22.06.2019 15:10
You want to have $80,000 in your savings account 11 years from now, and you’re 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
Geisel, Inc. reported net sales revenue of $515,000 in 2018 and $627,000 in 2019. The company’s endi...
History, 11.02.2020 07:47
Mathematics, 11.02.2020 07:47
Mathematics, 11.02.2020 07:48
Biology, 11.02.2020 07:48
Mathematics, 11.02.2020 07:49
Chemistry, 11.02.2020 07:50
Mathematics, 11.02.2020 07:50
Arts, 11.02.2020 07:52
Advanced Placement (AP), 11.02.2020 07:57
Mathematics, 11.02.2020 08:00
Biology, 11.02.2020 08:00
Mathematics, 11.02.2020 08:00
Social Studies, 11.02.2020 08:01
Mathematics, 11.02.2020 08:01