subject
Business, 28.06.2020 05:01 firenation18

During August2018,TexitCompany recorded the following:bulletSales of $ 113 comma 400($ 99 comma 000on account; $ 14 comma 400for cash). Ignore Cost of Goods Sold. bulletCollections on account, $ 87 comma 400.bulletWrite-offs of uncollectible receivables, $ 1 comma 760.bulletRecovery of receivable previously written off, $ 300.Requirements1.Journalize Texit'stransactions during August2018,assuming Texituses the direct write-off method.2.Journalize Texit'stransactions during August2018,assuming Texituses the allowance m

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:00
Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d.select short-term savings instruments to lock in earnings at a current high rates.
Answers: 1
question
Business, 22.06.2019 11:00
Zoe would like to be able to save for night courses at the local college. which of these would be a good way for zoe to make more money available for savings without dramatically changing her budget? economía
Answers: 2
question
Business, 22.06.2019 12:30
Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.
Answers: 2
question
Business, 22.06.2019 20:00
Ajax corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? a. 4.72b. 4.97c. 5.23d. 5.51e. 5.80
Answers: 1
You know the right answer?
During August2018,TexitCompany recorded the following:bulletSales of $ 113 comma 400($ 99 comma 000o...
Questions
question
Mathematics, 18.07.2019 02:00
question
History, 18.07.2019 02:00
question
Business, 18.07.2019 02:00
question
Social Studies, 18.07.2019 02:00
Questions on the website: 13722362