McGraw Hill Connect, Chapter 9 Representationing assignment includes:
CHAPTER 9 HOMEWORK and CHAPTER 9 QUIZ completed online through McGraw Hill Connect condition with my credentials DUE NO LATER THAN Sunday, 04-21-2013
AS WELL AS:
Upload DOCUMENTS of Chapter 9 TEST submitted to me through homeeffect negotiate DUE NO LATER THAN Sunday 04-21-2013 —- SEE BELOW:
PROBLEM #1 – 25 points
At the outset of the year, Sonoran Park Equipment’s representations receivable et was $105,000 and the restitution ce obscure representations had a $1,950 praise. Sonoran’s sales in the exoteric year were $787,500, 80% of which were on praise. Collections on representation during the year were $502,000. Additionally, Sonoran wrote unpremeditated $3,000 of uncollectible representations during the year. It is affectd that 6% of the year object representations receivable are expected to be uncollectible.
Using the restitution ce unwell debts grounded on representations receivable aging arrangement, detail the register annals ce the affect of unwell debts. What is Sonoran’s catch realizable compute of representations at the object of the year?
A. Register Annals
Show effect here:
B. Catch Realizable Compute
PROBLEM #2 – 10 points
Good Day Service Center accepted a 120 day, 6% hush ce $50,000, aged April 12, 20XX from a customer on representation. Detail the (a) due age of the hush, (b) the manliness compute of the hush, and (c) the register annals to annals the voucher of the liquidation of the hush at manliness. Use a 360 day year.
PROBLEM #3 – 5 points
What is the dissonance among an representation receivable and a hush receivable?
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