MA129 Study Guide - Final Guide: Accounts Receivable
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MA129 Full Course Notes
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Ar : sales r & a [(,600,000 - ,000) x 2%: ar % sales method (b) ,000 (,500,000 x 3%) The balance in the allowance for doubtful accounts is irrelevant. % ar method (a) total estimated bad debts. [,300 + ,000] (c) allowance for da (d) ar. Interest revenue (,000 x 12% x 2/12) (a) don co. ,000 x 12% x 2/12 = . Jean co. ,800 x 11% x 1/12 = 44. (b) july 1 cash (,000 + ) 6,120. Interest revenue (,800 x 11% x 2/12) Interest receivable 75 (,000 x 9% x 1/12) Bat chapter 9 ar/nr test review solutions. = 23 days (b) becker milk"s short-term liquidity has improved slightly year over year. The current and acid test ratios both increased. However, the ratios are both below conventional standards and should be a concern. The receivables turnover is higher and the collection period is shorter (both marginal improvements).
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