Entries by Munene david

Can you help me clarify the problem below. Any help is greatly appreciated.

May 5, 2020 in /by

Can you help me clarify the problem below. Any help is greatly appreciated. Ocean Pines Company had net income $475,000. They also had depreciation expense of $200,000, an increase or (decrease) in accounts receivable of $50,000, and an increase or (decrease) in inventory of $-35,000. Ocean Pines prepares their Statement of Cash Flows using the […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

1) Alpha Company sells goods to customers who use Worldwide Express

May 5, 2020 in /by

1) Alpha Company sells goods to customers who use Worldwide Express nonbank credit cards. Credit card sales on July 15, 2016 amounted to $25,000 and were subject to a 3.5% credit card company collection fee. Alpha Company collected payment from Worldwide Express on July 21. What amounts should be recorded for the following accounts for the July […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Alpha Company uses an allowance method for recording bad debts

May 5, 2020 in /by

Alpha Company uses an allowance method for recording bad debts. On July 15, 2016 Alpha Company was advised of the bankruptcy of the Broken Corporation and wrote off their $7,000 of accounts receivable. Suddenly, on August 25, 2016 Broken won the Maryland State Mega Millions. Without warning, on August 26, Alpha Company received in full the […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Alpha Company has the following account balances information for fiscal

May 5, 2020 in /by

Alpha Company has the following account balances information for fiscal year 2015 & 2016 (all balances are normal): 1. What is the FY 2016 accounts receivable turnover ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word times. (Example 1.123 would be entered 1.1 times) 2. […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"