The criteria of determining the carrying value of accounts receivables.

Question

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Answer 1

Question

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

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Answer 2

Question

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

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Answer 3

Question

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

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Answer 4

Question

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

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Answer 5

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

Answer 6

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

Answer 7

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

Answer 8

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

Answer 9

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

Answer 10

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

Answer 11

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

Answer 12

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

Answer 13

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

Answer 14

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

Answer 15

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

Answer 16

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Answer 17

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Answer 18

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Answer 19

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The criteria of determining the carrying value of accounts receivables.

The criteria of determining the carrying value of accounts receivables.

Factors influencing managerial decision in estimation of amount of collectible receivables.

Percentage of trade receivables to total assets. Given information: Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454. Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

Percentage of the allowance for uncollectible accounts to total trade receivables. Given information: Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185. Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

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Chapter 9 Solutions

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.