Following is a list of credit customers along with their amounts owed and the days past due at December 31. Also shown are fiveclassifications of accounts receivable and estimated bad debts percent for each class.Percent uncollectible01%1 to 303%Days Past Due31 to 605%61 to 908%Over 9012%CustomerBCC CompanyLannister CompanyMike PropertiesTed ReevesJen SteffensAccountsReceivableDays Past Due$ 5,200122,20006,2001071,1003,20072391. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate theestimated balance for the Allowance for Doubtful Accounts.2. Assuming an unadjusted credit balance of $220, record the required adjustment to the Allowance for Doubtful Accounts.Complete this question by entering your answers in the tabs below.Required 1 Required 2Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate theestimated balance for the Allowance for Doubtful Accounts.Estimated balance for Allowance for Doubtful Accounts

1.Estimated balance for allowance for doubtful accounts$1,1702.DateAccount TitleDebitCreditDec…

Answered: Following is a list of credit customers…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 1 :- (a) What is meant by an amortizing security? (b) What are the three components of the cash flow for an amortizing security? (c) What is meant by a cash flow yield? (Please solve all three parts)
ASSETS LIABILITIES Total Reserves $3,000,000 Deposits $10,000,000 Loans $7,000,000 Total $10,000,000 Total $10,000,000 (C) What is the maximum amount of money that can be created by this bond transaction?
7
The Johnson Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. End of current year End of prior year Net sales revenue (all credit) $800,000 Cost of goods sold $504,000 Gross profit $296,000 Selling/general expenses $184,000 $ 32,000 Interest expense Net income Current assets $ 80,000 $71,000 $329,000 Long-term assets Total assets $400,000 Current liabilities $56,000 Long-term liabilities $ 84,000 Common stockholders' equity $260,000 Total liabilities and stockholders' equity $400,000 Inventory and prepaid expenses account for $28,000 of the current year's current assets. Average inventory for the current year is $12,000. Average net accounts receivable for the current year is $32,000. There are 40,000 shares of common stock outstanding. Total dividends paid during the current year were $60,000. The market price per share of common stock is $25. What is the company's current ratio for the current…
Develop short definitions for the following terms: balance sheet, income statement, and fundamental accounting equation
Question 4 Part E: You have decided to invest in a project to build and run a production line for a friend. Your friend has specified that the production line needs to last forever, and will always be operational. The associated costs for the project are shown in the table below. How much should you charge your friend now for the production line in order to build and maintain the perpetual project? Interest rate is 6%. Costs Initial Cost Annual Operating & Maintenance Costs Amount $175,000 $10,000 $80,000 Year incurred Year O Per year, forever Major Maintenance Costs First in year 5, then every 5 years forever Question 4 Part E: Provide the cost for the project. Enter your answer in the form 123456
Liability payments of $482, $317, and $499 each due to be paid in 2, 5 and 7 years from now, respectively. Asset cash-flow consists of Aj and A2 in 4 year and 6 years from now, respectively. If the yield curve of for all maturities is 11%, find Aj and A2 that ensures an Asset-Liability matching. (a) What is the value of A¡? (b) What is the value of A2?
Explaining the riskiness of each bond Issuer Face Value Coupon Rate Rating Quoted Price Years until Maturity Sinking Fund Call Period Nominal YTM Effective YTM Ranking 4= highest ABC Energy $1,000 5% AAA $703.10 20 Yes 3 8.0001% 8.1601% 1 ABC Energy $1,000 0% AAA $208.30 20 Yes NA 7.9997% 8.1597% 2 TransPower $1,000 10% AA $1,092 20 Yes 5 9.0001% 9.2026% 3 Telco Utilities $1,000 11% AA $1,206.40 30 No 5 8.9998% 9.2023% 4 Question: Make an analysis based on the table given below. Also, explain thoroughly why we need to rank and explain the riskiness of each bond.
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if X AND Y are two partner, the income ratio are 1:2 respectively if net income for 2019 was 36,000 what are the share of Y partner from net income Select one: а. 12,000 b. 24,000 с. 18,000 d. 16,000
Jennifer, a CFP® practitioner meets with new clients, Max and Alicia, for the first time. She reviews their overall financial and estate planning goals, and their list of current assets. Max and Alicia have the following assets: Max’s 401(k) $250,000 - Alicia is the beneficiary Alicia’s 403(b) $520,000 – Max is the beneficiary House owned as TbyE valued at $350,000 Vacation home Max inherited with his sister Ava as JTWROS valued at $500,000 Mutual fund account owned as TIC valued at $700,000 Bond portfolio owned JTWROS valued at $600,000 Max and Alicia have two children – Doug and John. Doug is single and has no children. John was killed in a car accident last year, leaving two children, Tammy and Denise. Max and Alicia ask Jennifer several questions about their estate planning. Assuming Max predeceases Alicia and Alicia does not change her will, what is the amount that Tammy will inherit at Alicia’s death? Select one: a. $1,235,000 b. $1,110,000 c. $617,500 d. $605,000
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

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