- debt settlement company
- company debt
- accounts receivable is
- buying goods and services
The net sales of a company is $315,000. The cost of goods available for sale is $295,000 and the gross profit percentage is 43%. What is the amount of ending inventory?
A. $133,875
B. $115,450
C. $100,450
D. $181,125
Assume the Mirtha Company had the following balances at year-end.
From the Balance Sheet 2012 2011
Accounts Receivable 1,720,200 1,370,920
Allowance for Doubtful Accounts (95,000) (79,000)
Accounts Receivable, Net 1,625,200 1,291,920
Assume the company recorded no write-offs or recoveries during 2012. What was the amount of bad debt expense reported in 2012?
A. $16,000.
B. $32,000.
C. $95,000.
D. $79,000.
A. $133,875
B. $115,450
C. $100,450
D. $181,125
Assume the Mirtha Company had the following balances at year-end.
From the Balance Sheet 2012 2011
Accounts Receivable 1,720,200 1,370,920
Allowance for Doubtful Accounts (95,000) (79,000)
Accounts Receivable, Net 1,625,200 1,291,920
Assume the company recorded no write-offs or recoveries during 2012. What was the amount of bad debt expense reported in 2012?
A. $16,000.
B. $32,000.
C. $95,000.
D. $79,000.
Accounting Homework HELP Needed PLEASE!!?
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