Homework Answers
Option D--------- Debt to Equity Ratio
Debt to Equity Ratio is an example of maintenance test. since Debt to Equity Ratio is leverage ratio which measures company's debt in relation to its wholly owned funds. Company is required to maintain certain debt to equity Ratio otherwise high ratio implies high risk, lot of debt used for finance growth.
Add Answer to:
The following is an example of a maintenance test Multiple Choice An estimate of allowance for...
Multiple Choice Question 99 Under the allowance method of accounting for uncollectible accounts, O allowance for...
Multiple Choice Question 99 Under the allowance method of accounting for uncollectible accounts, O allowance for Doubtful Accounts is closed each year to Income Summary. the cash realizable value of accounts receivable is greater before an account is written off than after it is written off. O bad Debt Expense is debited when a specific account is written off as uncollectible. O the cash realizable value of accounts receivable in the balance sheet is the same before and after an...
Which of the following is not true about the Allowance for Doubtful Accounts? Multiple Choice It...
Which of the following is not true about the Allowance for Doubtful Accounts? Multiple Choice It is debited when uncollectible accounts are written off. It is credited when bad debts expense is estimated and recorded. It is used instead of reducing accounts receivable directly. It is a contra asset account. It is a liability account.
Multiple Choice Question 113 Blue Spruce Corp. uses the percentage-of-receivables method for recording bad debt expense....
Multiple Choice Question 113 Blue Spruce Corp. uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $400000 and credit sales are $1600000. Management estimates that 6 % of accounts receivable will be uncollectible. What adjusting entry will Blue Spruce Corp. make if the Allowance for Doubtful Accounts has a credit balance of $4000 before adjustment? Bad Debt Expense 16000 Accounts Receivable 16000 Bad Debt Expense 20000 Allowance for Doubtful Accounts 20000 Bad Debt Expense 8000...
Multiple Choice Question 84 Vaughn Company uses the percentage ot receivables method for recording bad debt...
Multiple Choice Question 84 Vaughn Company uses the percentage ot receivables method for recording bad debt expense. The accounts receivable balance is 5599000 and credit sales are $2640000. Management estimates that 3% of accounts receivable will be uncollectible. What adjusting entry will Vaughn Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $5200 credit balance before adjustment? 0 Bad Debt Expense 17970 Accounts Receivable 17970 Bad Debt Expense 12770 Allowance for Doubtful Accounts 12770...
An example of a covenant related to a loan agreement is: Multiple Choice Minimum times interest...
An example of a covenant related to a loan agreement is: Multiple Choice Minimum times interest -earned Minimum debt to equity Minimum days in Accounts payable Maximum EBITDA margin
Build a table/schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts. Please...
Build a table/schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts. Please write the journal entry required to record the full allowance for bad debt needed. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $28,947 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year. Build a table and establish the correct Allowance: Number of Days...
Just wanted to check the answers.Upvote guranteed !!! Multiple Choice Identify the choice that best completes...
Just wanted to check the answers.Upvote guranteed !!!
Multiple Choice Identify the choice that best completes the statement or answers the question. 1. The Parks Department had a year-end review of Accounts Receivable an uncollectible percentages revealed the following: ccounts Receivable and estimated 1-30 days 31-60 days 61-90 days $69,000 $30,000 $12,500 1.9% 13% 32.8% 3900 uloo Amounts over 90 days past due are written off. The credit balance in the Allowance 10 Doubtful Accounts was $1,600. The Bad Debt...
evendustries uses the allowance method of AR to estimate their allowance for doubtful accounts Ever Industries Esti...
evendustries uses the allowance method of AR to estimate their allowance for doubtful accounts Ever Industries Estimate of Albance for Doubtful Account Days Post Due Days Post Due Net Pest Due Days Past Due Balance Days Post Due Over 90 Totalrechables 1,145,200.00 610.60000 236 000 DO 61-90 106,300.00 119,400 DO 22.300.00 20% un collectible 6.0% Allowance for doubt accounts Based on the above aging, determine their needed allowance for doubtful accounts If their current Allowance For Doubtful Accounts has a...
please help with all these accouting multiple choice problems! Ev Alv Times New... 12A AAav BIUvab...
please help with all these accouting multiple choice problems!
Ev Alv Times New... 12A AAav BIUvab x x Aveva Paragraph Styles Sensitivity 6. An aging of a company's accounts receivable indicates that $9,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $2,400 credit balance, the adjustment to record bad debts for the period will require a A) debit to Bad Debt Expense for $9.000. B) debit to Allowance for Doubtful Accounts for $6,600. C) debit to...
PART A The allowance for credit losses account is classified as Multiple Choice a contra-revenue account....
PART A The allowance for credit losses account is classified as Multiple Choice a contra-revenue account. a contra-equity account. a contra-asset account. a contra-expense account. PART B An analyst notes that ABC Inc.’s allowance for credit losses as a percentage of year-end accounts receivable has changed. Which of the following would not be a plausible explanation for the change? Multiple Choice ABC’s management is using the allowance for credit losses to “manage” earnings. The company ages its receivables and the...
Multiple Choice Question 99 Under the allowance method of accounting for uncollectible accounts, O allowance for Doubtful Accounts is closed each year to Income Summary. the cash realizable value of accounts receivable is greater before an account is written off than after it is written off. O bad Debt Expense is debited when a specific account is written off as uncollectible. O the cash realizable value of accounts receivable in the balance sheet is the same before and after an...
Multiple Choice Question 113 Blue Spruce Corp. uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $400000 and credit sales are $1600000. Management estimates that 6 % of accounts receivable will be uncollectible. What adjusting entry will Blue Spruce Corp. make if the Allowance for Doubtful Accounts has a credit balance of $4000 before adjustment? Bad Debt Expense 16000 Accounts Receivable 16000 Bad Debt Expense 20000 Allowance for Doubtful Accounts 20000 Bad Debt Expense 8000...
Multiple Choice Question 84 Vaughn Company uses the percentage ot receivables method for recording bad debt expense. The accounts receivable balance is 5599000 and credit sales are $2640000. Management estimates that 3% of accounts receivable will be uncollectible. What adjusting entry will Vaughn Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $5200 credit balance before adjustment? 0 Bad Debt Expense 17970 Accounts Receivable 17970 Bad Debt Expense 12770 Allowance for Doubtful Accounts 12770...
An example of a covenant related to a loan agreement is: Multiple Choice Minimum times interest -earned Minimum debt to equity Minimum days in Accounts payable Maximum EBITDA margin
Build a table/schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts. Please write the journal entry required to record the full allowance for bad debt needed. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $28,947 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year. Build a table and establish the correct Allowance: Number of Days...
Just wanted to check the answers.Upvote guranteed !!!
Multiple Choice Identify the choice that best completes the statement or answers the question. 1. The Parks Department had a year-end review of Accounts Receivable an uncollectible percentages revealed the following: ccounts Receivable and estimated 1-30 days 31-60 days 61-90 days $69,000 $30,000 $12,500 1.9% 13% 32.8% 3900 uloo Amounts over 90 days past due are written off. The credit balance in the Allowance 10 Doubtful Accounts was $1,600. The Bad Debt...
evendustries uses the allowance method of AR to estimate their allowance for doubtful accounts Ever Industries Estimate of Albance for Doubtful Account Days Post Due Days Post Due Net Pest Due Days Past Due Balance Days Post Due Over 90 Totalrechables 1,145,200.00 610.60000 236 000 DO 61-90 106,300.00 119,400 DO 22.300.00 20% un collectible 6.0% Allowance for doubt accounts Based on the above aging, determine their needed allowance for doubtful accounts If their current Allowance For Doubtful Accounts has a...
please help with all these accouting multiple choice problems!
Ev Alv Times New... 12A AAav BIUvab x x Aveva Paragraph Styles Sensitivity 6. An aging of a company's accounts receivable indicates that $9,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $2,400 credit balance, the adjustment to record bad debts for the period will require a A) debit to Bad Debt Expense for $9.000. B) debit to Allowance for Doubtful Accounts for $6,600. C) debit to...
Most questions answered within 3 hours.
-
Wildhorse Company follows the practice of pricing its inventory
at the lower-of-cost-or-market, on an individual-item
basis....
asked 33 minutes ago -
3. (10 pts) You grow a corn crop that yields 150 bushels ac-1,
with the following...
asked 21 minutes ago -
7. The term Six Sigma refers to:
Select one:
a. The control limits established in a...
asked 31 minutes ago -
For the following reaction: A(g) + 2 B(g) ⇌ 2 C(g) Calculate the
equilibrium constant K...
asked 33 minutes ago -
Which of the following best describes tidal volume? options:
1.The amount of oxygen in the air...
asked 50 minutes ago -
1. Smaller cost distortions occur when the traditional systems'
single indirect-cost rate and the activity-cost-driver rates:...
asked 58 minutes ago -
Using either a FMECA approach or some other appropriate RCA
tool, identify five risk treatment actions...
asked 58 minutes ago -
If for a test the P-value is between 0.0025 and 0.005, what
conclusion can you draw?...
asked 1 hour ago -
Using Python. Write a function clean2(aList) that takes a list
of integers aList as argument, and...
asked 1 hour ago -
Intrapreneurship is defined as the
development of an enterprise culture with an existing (Nandan,
2009). An...
asked 1 hour ago -
QUESTION 1 Tamiflu is a drug used to treat influenza. A study
found that Tamiflu reduced...
asked 1 hour ago -
Which of the following would be less likely to be used to
allocate factory overhead when...
asked 1 hour ago