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Write My Essay For Me- BUS FPX 4062 Assessment 3 Template.
Part 1: Receivables Reporting
Problem 1
(Net income x Est awful Debt price) – Allowance for doubtful money owed = lousy Debt rate (825,000 x 0.02) – 3,500.00 = $thirteen,000.00
Problem 2
Debts Receivable – payments Uncollectable = internet Realizable value 962,5 hundred – ninety nine,000 = $863,5 hundred.00
Problem 3
1, one hundred fifty-five,000 x .half of of = 17,325
17,325 + nine,350 + 4,4 hundred – 16,5 hundred = 14,575
Balance, Allowance for dubious money owed as of Dec 31, 2018: $14,575.00
Problem 4
Forty-six, two hundred – 13,2 hundred + 522,5 hundred = 555,5 hundred
Balance, AR (an awful lot masses a good deal less dft accts) as of Dec 31, 2018: $555,5 hundred.00
Problem 5
Dubious debts = 451,000 x zero.02 = 9,020
Allowance for doubtful money owed = 15,4 hundred + 9,020 = 24,420 terrible rate, 2018 = $24,420.00
Part 2: Inventory Issues
Problem 1
Rate of stock= listing charge (1 – First reasonable deal price) (1 – second bargain rate) 330,000 (1 – 0.15) (1 – zero.1) = 252,450
Price of stock: $252,450
Problem 2
Stock = starting inventory + Purchases 605,000 + 37,950 = 642,950
Inventory: $642,950.00
Problem 3
Because no date used to be as quick as soon as related to the devices issued or offered, the periodic (in place of perpetual) stock approach should be assumed.
Part 4: Depreciating Plant Assets
BUS FPX 4062 Assessment 3 Template
a) Depreciable Base Computation
- forty, forty – 750 = 39,650
1. at once-line method for 2018:
- 39,650 / eight = 4,956
2. Sum-of-the-years’-digits for 2018:
- 1 + 2 + three + four + five + 6 + 7 + 8 = 36
- 39,650 x (5 / 36) = five,507
- right now-line technique for 2019:
- 39,650 x (4 / 36) = 4,406
3. Double-declining balance for 2018:
- (1/eight) x 2 = 0.25
1. (40,4 hundred x zero.25) = 10,a hundred
- (40,4 hundred – 10, one hundred) x 0.25 = 7,575
- (30,3 hundred – 7,575) x zero.25 = 5,681
1. (22,725 – five,681) x 0.25 = 4,261
b) at once-line depreciation will result in considerably lower depreciation within the early years and is usually encouraged by Jody Scott.
a. supporting statistics:
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