ToshaCollins_Unit 7 Homework

ToshaCollins_Unit 7 Homework - $6,000 70 $4,200 Over 180...

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Exercise 6-2 Show your work. Due Date Interest Maturity Value a. May 05 9% 15,000*9%*60/360=225 b. Jul 19 10% 8,000*10%*60/360= 133.33 c. Aug 31 12% 5,000*12%*90/360= 150 d. Dec 29 10% 18,000*10%*120/360=600 e. Nov 30 12% 10,500*12%*60/360=210
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Exercise 6-7 Estimated Uncollectible Accounts Age Category Balance Percent Amount Not past due (Current) $400,000 1% $4,000 1-30 days past due $80,000 2% $1,600 31-60 days past due $18,000 5% $900 61-90 days past due $12,500 10% $1,250 91-180 days past due
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Unformatted text preview: $6,000 70% $4,200 Over 180 days past due $2,500 90% $2,250 Total $519,000 $14,200 Exercise 6-18 Total Commodity Cost Market 62CF3 10 $120 $131 $1,200 $1,310 $1,200 41DH2 35 $80 $75 $2,800 $2,625 $2,625 O3MQ3 10 $275 $260 $2,750 $2,600 $2,600 23FH6 16 $40 $28 $640 $448 $448 10KT4 40 $90 $94 $3,600 $3,760 $3,600 Total $10,990 $10,743 $10,473 Inventory Quantity Unit Cost Price Unit Market Price Lower of Cost or Market...
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This note was uploaded on 06/10/2010 for the course AC113 AC113 taught by Professor Cochran during the Spring '10 term at Kaplan University.

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ToshaCollins_Unit 7 Homework - $6,000 70 $4,200 Over 180...

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