Li Company has the following account balances:
Determine the net realizable value of Li's accounts receivable.
What will be an ideal response?
$70,900
Net realizable value = Accounts receivable of $76,000 ? Allowance for doubtful accounts of $5,100 = $70,900
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Paragraphs in a persuasive message are typically long in order to achieve the writer's persuasive purpose
Indicate whether the statement is true or false
Which sentence expresses numbers correctly?
A) You can receive a 25% discount if you order by the end of the month. B) You can receive a twenty-five percent discount if you order by the end of the month. C) You can receive a 25 percent discount if you order by the end of the month.
Boothe Company established a petty cash fund of $200 on January 3. At January 28, the fund contained cash of $112 and receipts for the following payments.Office Supplies$29Postage33Freight-out payments24On January 28, the petty cash fund was replenished.Required:Record in general journal format the entries to:a) Establish the fundb) Record the disbursements and replenish the fund
What will be an ideal response?
Odin Avionics makes aircraft instrumentation
Its basic navigation radio requires $90 in variable costs and $2,000 per month in fixed costs. Odin sells 30 radios per month. If the company further processes the radio, to enhance its functionality, it will require an additional $25 per unit of variable costs, plus an increase in fixed costs of $800 per month. The current sales price of the radio is $260. The marketing manager is sure that Odin can charge a higher sales price for the improved version. At what sales price level would the new, improved radio begin to improve operating earnings? (Round to the nearest whole dollar.) A) at a sales price higher than $312 B) at a sales price of $260 C) at a sales price lower than $260 D) at a sales price of $375