allowance for uncollectible accounts to be reported in the balance sheet of V company: Estimated Uncollected Accounts Details Total Amount ($) Percentage Considered Uncollectible (%) Allowance for Doubtful Debts Accounts ($) A B C D 0 – 30 Days Past Due 60‚000 5% 3‚000 31 – 60 Days Past Due 4‚000 10% 400 Over 60 Days Past 2‚000 70% 1‚400 Total 66‚000 4‚800 Therefore‚ the amount of allowance for uncollectible accounts to be reported in the balance sheet of V Company is $4‚800. E8-11 1. Compute the
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Analysis of balance sheet and profit and loss account The whole industry that we have developed considers three companies. Confidence‚ Lafarge surma and the other one is Heidelberg cement. Considering the four year balance sheet and income statement we have got the account for the whole industry. In the horizontal and vertical analysis of the balance sheet we can get the picture of the overall industry. The company Heidelberg cement is increasing its Current Asset account not in terms of receivables
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A company has the ability to enter into a contract‚ can sue and be sued in its own name‚ has the right to own land or property‚ and also enjoy perpetual succession. As a company‚ they have the ability to enter into a contract which meant they can make contract with its own shareholders within the company. Any contract made between company and its members are not illegal due to the principle of separate legal entity. As what we have seen in the case of Saloman v Saloman‚the company can borrow money
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Drew Peterson Is it really murder if no one can prove it? Drew Peterson was put on trial for the death of his third wife Kathleen Savio‚ who was found‚ drowned in her bathtub. Although this was a shocking case‚ initially he was found innocent. Drew Peterson was also put on trial for the disappearance of his fourth wife Stacy Peterson. Although most people are convinced that Drew killed Stacy‚ no evidence has come up to prove it. Although no evidence has been found‚ in many ways Drew Peterson
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Trading‚ Profit & Loss Account and Balance Sheet….9 5. Comments on the Performance of the Business…….10 6. Explaining the Limitation of Comparison…………...….12 7. References………………………………………………..……………..13 (A) Compute the following amounts: (I) Average Stock: Average stock = opening stock + closing stock / 2 = $22‚000 + $14‚000 /2 = $36‚000/2 = $18‚000. Explanation: Here‚ in the top of the example‚ we are given the opening stock of the company is $22‚000. Also saying that
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Nancy Drew Mystery Stories: Nancy’s Mysterious Letter By: Carolyn Keene Chapter 1 In chapter one Nancy and some of her friends were coming back from the Red Gate Farm. On there way home they saw an elderly mail carrier named Ira Nixon. So they stop to talk to him in this conversation Ira say that Nancy had a letter from somewhere in London. So Nancy invited Ira for some hot coca at her house. So as Ira is at Nancy’s house he was ready to leave so when he is going he notices that his mail
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Carey Mulligan stepped out for the first time since giving birth at a screening of her new film “Suffragette” held on the opening night of the 2015 BFI London Film Festival at Odeon Leicester Square. She was smiling alongside her costars on Wednesday‚ October 7 in London‚ England. The 30-year-old actress was joined on the carpet by her co-stars. That includes Meryl Streep and Helena Bonham Carter‚ as well as Geena Davis. Carey posed for photographers and hid her post-baby body in a flattering‚ close-fitting
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the following independent situations‚ compute net accounts receivable. a. Accounts Receivable has a balance of $14‚000. The Allowance for Uncollectible Accounts has a credit balance prior to adjustment of $300. An aging schedule prepared on December 31 reveals $1‚100 of uncollectible accounts. b. Accounts Receivable has a balance of $25‚700. The Allowance for Uncollectible Accounts has a debit balance prior to adjustment of $400. An aging schedule prepared on December 31 reveals
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inger Mariah Carey was born March 27‚ 1970‚ in Huntington‚ Long Island‚ New York‚ to Alfred Roy Carey‚ a Venezuelan aeronautical engineer; and Patricia Carey‚ a voice coach and opera singer. Has two older siblings: a brother‚ Morgan‚ and a sister‚ Alison. Carey is known as one of the top "pop divas" of the 1990s‚ having sold more than 80 million albums worldwide. Her voice spans more than five octaves and she writes most of her own music. Carey’s parents divorced when she was 3 years old. She stunned
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New Balance Company (Minor Assignment 2) Table Content 1.0 Introduction 2 2.0 Marketing Segmentation 2 2.1 Demographic 2 2.2 Geographic 3 2.3 Psychographic 3 2.4 Behavioral 4 3.0 Targeting 4 4.0 Positioning 5 1.0 Introduction Footwear industry in China was lucrative‚ since there was an increasingly number of people buying brand shoes and increasing franchising opportunities‚ most shoes companies are
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