Accounting Allowance Method Estimation And Balance Sheet Disclosure Homework Help
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1. A power station is planned in your local area and you have been requested to submit a primary cost-benefit analysis of the potential economic and environmental impact that the station could have. Prepare a list of pros and cons and a preliminary judgment on whether it should go ahead.
If a particular group to which you currently belong, or previously belonged, were to throw-out the list of pros and cons and rely on ethical predisposition of the business, what would be the preliminary judgment?
2. Reviewing the investments in your portfolio, you realize that the carbon footprint connected to your investments is relatively large, but your oil company stock also pays for the family holidays each year. The company’s website also says that it uses a high proportion of its profits to invest in green and renewable fuels of the future. Do you keep the stock or sell? Why? What principles did you apply in making this decision? Also, how does one check the credibility of the company and its website?
Consider the ethical perspective of a particular group to which you currently belong or previously belonged, would the group keep or sell the stock? Why?
3.Allowance method: estimation and balance sheet disclosure. The following pre-¬adjusted information for the Maverick Company is available on December 31:
• Accounts receivable $107,000
• Allowance for uncollectible accounts 5,400 (credit balance)
• Credit sales 250,000
a. Prepare the journal entries necessary to record Maverick’s uncollectible accounts expense under each of the following assumptions:
(1) Uncollectible accounts are estimated to be 5% of Credit Sales.
(2) Uncollectible accounts are estimated to be 14% of Accounts Receivable.
b. How would Maverick’s Accounts Receivable appear on the December 31 balance sheet under assumption (1) of part (a)?
c. How would Maverick’s Accounts Receivable appear on the December 31 balance sheet under assumption (2) of part (a)?
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4.Evaluate at least two different historical perspectives on the delivery of health care in America. How has technology and the lack of developing technology affected these perspectives?
5.Compare and contrast two technological advances that have affected health care delivery in America.
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