On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable,
Question:
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
You want an allowance balance of 5 103886 ...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
Question Posted:
Students also viewed these Financial Accounting questions
-
On December 31, 2014, Corotel Company's year-end, the unadjusted trial balance included the following items: Required 1. Prepare the adjusting entry needed in Corotel's books to recognize bad debts...
-
On December 31, 2014, Stilton Service Company's year-end, the unadjusted trial balance included the following items: Required 1. Prepare the adjusting entry on the books of Stilton Service Company to...
-
On December 31, 2017, Corotel Companys year-end, the unadjusted trial balance included the following items: Required 1. Prepare the adjusting entry needed in Corotels books to recognize bad debts...
-
BT is considering investing in government bonds. The current price of a P100 bond with 10 years to maturity is P88. The bonds have a coupon rate of 6% and repay face value of P100 at the end of the...
-
Insulation thickness for a furnace wall (Fig. 10B.6) a furnace wall consists of three layers: (i) a layer of heat-resistant or refractory brick, (ii) a layer of insulating brick, and (iii) a steel...
-
Think carefully and honestly about: (a) How you are perceived by other people generally and in particular your colleagues. (b) How confident are you in your own abilities? (c) To what extent do you...
-
With reference to Exercise 10.42, verify that the mean of the observed distribution is 1.6 , corresponding to \(40 \%\) of the cars requiring repairs. Then look up the probabilities for \(n=5\) and...
-
The Junior League of Yadkinville, California, collected recipes from members and published a cookbook entitled Food for Everyone. The book will sell for $ 18 per copy. The chairwoman of the cookbook...
-
The Royal Gorge Bridge in Colorado rises 321 m above the Arkansas River. Suppose you kick a rock horizontally off the bridge. The magnitude of the rock's horizontal displacement is 45.0 m. Find the...
-
A round bar ACB of length 2L (see figure) rotates about an axis through the midpoint C with constant angular speed v (radians per second). The material of the bar has weight density g. (a) Derive a...
-
Waddell Industries has computed that the proper balance for the Allowance for Doubtful Accounts at August 31 is $142,815. Assume that the allowance for doubtful accounts for Waddell Industries has a...
-
To begin your discussion, explain how transactions qualify as business expense deductions and provide examples. Based upon your knowledge of deductible business expenses and through research, address...
-
Complete and balance each of the following molecular equations, including phase labels, if a reaction occurs. Then write the net ionic equation. If no reaction occurs, write NR after the arrow. a....
-
It is known that when Y = 0, the amount of consumption = 1500, every time additional income occurs, 60% will be consumed. Yeq or equilibrium income = 400. Determine: a) The size of the MPC and MPS b)...
-
Write a program that 1) calculates perimeter/circumference and area for specific geometric plane figures and 2) calculates the volume and surface area of specific geometric solids. The program should...
-
When it gets hot outside, the level of crime increases. Using this statement, discuss the problems of trying to measure such a vague statement. Discuss the progression of moving from vague terms to...
-
Olga owns 400 shares of stock which she would like to have the right to sell at $25 a share. The 25 call option is quoted at $.45 bid, $.50 ask. The 25 put is quoted at $.60 bid, $.65 ask. How much...
-
Company S has developed an industrial endoscope available to explore inner part of the decrepit water pipes. It is possible to explore the inner part of the pipes putting the endoscope in a certain...
-
Give three examples of cost drivers in the airline industry that could apply to a particular flight.
-
The figure shows a bolted lap joint that uses SAE grade 8 bolts. The members are made of cold-drawn AISI 1040 steel. Find the safe tensile shear load F that can be applied to this connection if the...
-
A simple pendulum of length 20 cm and mass 5.0 g is suspended in a race car traveling with constant speed 70 m/s around a circle of radius 50 m. If the pendulum undergoes small oscillations in a...
-
A vertical spring stretches 9.6 cm when a 1.3 kg block is hung from its end. (a) Calculate the spring constant. This block is then displaced an additional 5.0 cm downward and released from rest. Find...
-
A block weighing 20 N oscillates at one end of a vertical spring for which k = 100 N/m; the other end of the spring is attached to a ceiling. At a certain instant the spring is stretched 0.30 m...
-
1) Explain how a Preschool program can help to bring a sense of belonging for the child? 2) It is important for a program to provide physical environments that are age-appropriate and that support...
-
Your company decided to organize a special dinner to appreciate all the employees and it has been proposed that the dinner to be held in the middle of December 2021. You have been appointed as the...
-
Select a two-dimensional image to analyze that is either a work of art (photograph, illustration, or painting) or an advertisement. What is the FTC analysis?Use the FTC palette to break down the...
Study smarter with the SolutionInn App