Download Chapter 8 solution... Sales on credit cards that are not directly associated with a bank are reported as credit sales, not cash sales. This is evidenced by the decrease in the average collection period from 36. Accounts Receivable $315, 000 90, 000 60, 000 35, 000 $500, 000% Estimated Uncollectible 1% 4% 10% 20%. By allowing sales staff to assume the role of managing the credit function it appears that they have become too focused on sales without considering the quality of the sales and the ability of the customer to pay the receivable within a reasonable period of time. 29, 000 ($35, 000 - $6, 000) is the amount Hohenberger would record as bad debts expense. A company may prefer a note receivable because it gives a stronger legal claim to assets and normally includes interest. Interest Revenue $15, 000 x 4. 3) Other receivables include interest receivable, loans or advances to employees, and recoverable sales and income taxes. 1 Allowance for Doubtful Accounts..... Notes Receivable-Lough............... Dec. 1 Accounts Receivable-Jones.............. 10, 894 Notes Receivable........................... Accounting principles third canadian edition chapter 8 answers.com. Interest Revenue [10, 500 x 5% x 5/12]. D) $44, 250 [$42, 000 + $2, 250] (e).
Accounts and notes receivable are sometimes called trade receivables because they result from sales transactions and occur in the normal course of business operations. Positive working capital and a current ratio of greater than 1 is an indication that the company has good liquidity and will be more likely to be able to pay for the mixer. Bad Debts Expense............................................ 22, 870 Allowance for Doubtful Accounts................ [($255, 250 x 8%) + $2, 450]. The data contained in these files are protected by copyright. BYP 8-2 INTERPRETING FINANCIAL STATEMENTS (a) ($ in thousands). The essential features of the allowance method of accounting for bad debts are: (1) Uncollectible accounts receivable are estimated and recorded at the end of an accounting period, in order to match the bad debts expense against sales in the same accounting period in which the sale occurred. Under the percentage of receivables approach, the balance in the allowance for doubtful accounts is derived either (a) by applying a percentage estimate of bad debts to total receivables or (b) from an analysis of individual customer accounts. Given in text Inventory turnover. Sales Returns and Allowances......... Accounts Receivable..................... (c) Sep. Accounting principles third canadian edition chapter 8 answers pdf. 30 Accounts Receivable......................... Interest Revenue........................... [($20, 000 - $3, 500) x 21% x 1/12] (d) Oct. 4. June 12 Accounts Receivable–Worthy........... Allowance for Doubtful Accounts.
From Chapter 6 Operating Cycle. The stakeholders in this situation are: The president of Proust Company The controller of Proust Company The company's bank Any other parties who rely upon the company's financial statements. Accounts Receivable (a)............................ 4, 550, 000 Sales (f).................................................. ($45, 500 = 1% of sales; therefore sales = $4, 550, 000) Allowance for Doubtful Accounts (d)........ Accounts Receivable (b)....................... ($72, 500 + $45, 500 – $79, 600 = $38, 400). Answers to Natalie's questions 1. Sales Returns and Allowances......... Accounts Receivable..................... 546, 300. Under the percentage of sales approach the amount estimated is the bad debts expense and this is the amount of the entry—no reference is made to the existing balance in the allowance. This method emphasizes net realizable value of accounts receivable.
Debit Sales Return Sales Sales Sales Payment. Interest Receivable at September 30, 2008. Debit Credit Balance Balance Write-offs Recovery Bad debts expense. 72, 500 (e) 45, 500 79, 600. 75% x 1/12 = 27 $9, 000 x 5% x 0/12 = 0 $424. Elaine Davidson Explanation Ref. 5% x 1/12 = IMM $7, 500 x 5. The presentation, analysis, and management of receivables.
An account receivable is an informal promise to pay, while a note receivable is a written promise to pay.
The North Country Battle of the Books is a book trivia program coordinated by public and school libraries in Jefferson, Lewis, and St. Lawrence counties for students in grades 4-6. Alexandria Central School. DC-area schools can participate in a Virtual Battle of the Books through Kahoot. Please arrive in your Zoom meeting at least 5-10 minutes early to check in with Library staff and with your teammates. Here's one just for kids where we discuss different battle books and answer trivia questions. All participants in the Regional Battle will receive a paperback book. Battle of the Books / Frequently Asked Questions. Finally, we prepare for the competition with mini-battles that act like the real thing. The answer to each trivia question is the title of the book with bonus points for the author's name. During the Battle all questions are spoken aloud twice, as well as displayed within the virtual environment. Teams will have 30 seconds to confer and answer the question. Act as the communication link between the Library and team members and their parents/guardians with all information regarding Battle of the Books.
What are the questions like? Students prepare by reading novels, discussing them at club meetings, and then answering questions about the novels at the regional competition. Let us know with The Library Comes to You! Teams may not be made up of students from more than one school. How do I form and register my BOB team?
Then have another staff member proofread it for grammar and readability. City of Ember by Jeanne DuPrau. You are the expert on that title. Below you can download the practices quizzes from the Battle of the Books Practice Sessions. Windsor PTA - Battle of the Books. REGISTRATION: Registration is available online or in-person at the Adult Info Desk during the registration period. Earthquake Terror by Peg Kehret. Excellent teams have been formed by students who have each taken the responsibility to be an expert on all their books. How many stars is his rating? A Battle of the Books t-shirt, that needs to be worn at every battle.
Experience new authors and genres. Today it is a reading incentive program in elementary, middle and high schools across the country. It is best to start small. Only the first answer the CAPTAIN gives will be acceptable–the team cannot use up the time left to guess other titles. Choosing titles for Battle of the Books can be a challenging task! Students quiz each other on the contents of books and then compete in teams of not more than three students to correctly answer questions based on the books in a "quiz show" format. If you can read all ten books in the time allowed, you can do Battle! Escape From Mr. Battle of the Books / Battle Information. Lemoncello's Library. Where can I buy the books for the upcoming season? The correct answer will always be the title of a book. Prizes are not required, but are encouraged. These books do belong to the Jacobson Library and will be used by all battle members on a checkout schedule. What if one student on a team can't attend the tournament?
Jefferson Elementary (Massena Central School District). Most students read only about half of the books. Students can read or listen to the books. When a local public library is not able to participate, the school library may coordinate the local battle in place of the public library. 2021 Upper Elementary Battle of the Books (80 questions).
Offer encouragement, check on reading progress, foster team spirit, help team members learn author names and discuss the books' characters, plot points and settings. This program is sponsored by DCLA SLS (District of Columbia Library Association School Library Section). The question reader may also keep the time. Click here to access the quizzes via our Google doc (once at the document, click on each book's link). Teammates split up the list so that at least 2 people have read each book. Does the entire team have to stay home? Libraries competing against each other in the Regional Battle will be competing for the Book Battle Champions trophy. Questions for battle of the books.html. Use correct grammar.
2019-2020 Reading List: BATTLE 1—. Registration is required to participate. The teams sit facing the question reader; the team that wins the coin toss will sit so that they are at the question reader's left. Students who are currently home-schooled may participate in OBOB as a member of a school team within the public school attendance boundaries of the school in which the student's parents reside (as per ORS 339. What about prizes for the Regional Battle? You can also check with your local book fair vendor to see what kind of discounts or specials they may offer. If a team member has trouble inputting the answer within the allotted 30 seconds, another team member may be designated to be the answerer for them. Ida B... by Katherine Hannigan. There are 40 questions total. Questions for battle of the books.google. Get ready, get set, read! When and where will the state tournament take place?
We recognize that the in-person BOB competition is an annual event that staff and students enjoy and look forward to each year. Questions for battle of the books page. There will be four separate Battles, one for each of the following grade levels: 5th grade, 6th grade, 7th & 8th grade, and 9th – 12th grade. In the 1930's Battle of the Books was a Chicago radio program. Wanted: Enthusiastic Readers for Battle of the Books 2021. Questions about any aspect of Battle of the Books?