Exercise 05.10 – Mercy, Ascension Hospital
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Estimate the amount, record the adjustment, calculate net accounts receivable.
Estimate the amount, record the adjustment, calculate net accounts receivable.
Estimate the amount, record the adjustment, calculate net accounts receivable.
Given four transactions for the company… record them all using both the allowance and direct write-off method. Then they ask you to calculate the bad debt expense for both years using both methods.
Given information regarding three notes that were accepted… record the acceptance of each.
Record for Shoemaker Corporation. The loan and acceptance of the note receivable, the accrued interest, and cash collection of note and interest.
Calculate the receivables turnover, average collection period, and which company appears most efficient.
What would be the revised net operating income per month if sales increase or decrease.
What is the company’s contribution margin and estimated change in net operating income?
Find out how much the net operating income will increase/decrease based on information, should higher-quality components be used, and if the ad budget be increased.
Calculate company’s break-even point in unit and dollar sales.