ADM 2342 Study Guide - Final Guide: Promissory Note, Quick Ratio, Interest Expense

• School: University of Ottawa
• Department: Administration
• Course: ADM 2342
• Professor: All

Document Summary

In return, an under the table payment or other compensation is given to the fraudster(s) working for the supplier/shipper company by the co conspirator(s) working for the purchaser/recipient company. The balance of the allowance for doubtful accounts at december 31 is ,900 credit before the year end adjustment for uncollectible accounts. Calculate the amortization expense for 2007 using each of the following methods: straight line, units of production, double declining balance a. b. c. Additional data: (1) equipment was purchased for ,000. (2) cash dividends of ,000 were paid in 2007. (3) land was sold for cash proceeds of ,000. (4) the company sold bonds of ,000 and made ,000 of principal payments on notes payable. The company may also need review their criteria for granting credit to try and prevent granting credit to customers who do not pay within the required 45 days. 3: based on your calculations, comment on whether you would recommend, i.