The data presented below for Pharma Corp is for the year ended December 31, 2015: Sales (100% on credit) $1,400,000 Sales returns 30,000 Accounts Receivable (December 31, 2015) 170,000 Allowance for Doubtful Accounts [Cr. Balance] (Before adjustment at December 31, 2015) 1,300 Estimated amount of uncollectible accounts based on aging analysis 14,000 See the data for Pharma Corp If Pharma Corpuses
the aging of accounts receivable approach to estimate its bad debts, what will be the net realizable value of its accounts receivable after the adjustment for bad debt expense?
a. $140,000
b. $156,000
c. $167,000
d. $184,000
b
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Companies can set more stringent quality requirements for their suppliers by ______.
a. implementing a comprehensive supplier certification program b. requiring vendors to obtain ISO certification c. terminating suppliers if they supply certain percentage of defective input d. not outsourcing any raw material purchases
Liability to Third Parties. Lee Stegemoller was a union member who insulated large machinery between 1947 and 1988. During his career, he worked for a number of different companies. Stegemoller primarily worked with asbestos insulation, which was used
on industrial boilers, engines, furnaces, and turbines. After he left a work site, some of the asbestos dust always remained on his clothing. His wife Ramona, who laundered his work clothes, was also exposed to the dust on a daily basis. Allegedly, as a result of this contact, she was diagnosed with colon cancer, pulmonary fibrosis, and pleural thickening in April 1998. The Stegemollers filed a suit in an Indiana state court against ACandS, Inc, and thirty-three others, contending among other things that the asbestos originated from products attributable to some of the defendants and from the premises of other defendants. Several defendants filed a motion to dismiss the complaint, asserting that Ramona was not a "user or consumer" of asbestos because she was not in the vicinity of the product when it was used. Should the court dismiss the suit on this basis? Explain.
Government services are provided to citizens via ________
Fill in the blank(s) with correct word
Use the following information for Meeker Corp. to determine the amount of equity to report.
Cash $70,000 Buildings 125,000 Land 205,000 Liabilities 130,000 A) $390,000. B) $140,000. C) $20,000. D) $530,000. E) $270,000.