Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. tableau dashboard activity 12-1 use conservative v

Tableau Dashboard Activity 12-1 Use Conservative Versus Aggressive Accounting Estimates Review the Tableau visualization,...

60.1K

Verified Solution

Question

Accounting

Tableau Dashboard Activity 12-1 Use Conservative Versus Aggressive Accounting Estimates
Review the Tableau visualization, and then answer the questions that follow.
At the end of its first year of operations, a company is preparing financial statements but no year-end adjusting entries have yet been
made. The company's management provides the following range of estimates:
Future uncollectible accounts are estimated to be 5% to 15% of accounts receivable.
The estimated selling price of ending inventory (NRV) is $4,000 to $12,000 below cost.
Equipment purchased during the year will be depreciated over its estimated service life of 6 to 12 years.
Future warranty costs are estimated to be 4% to 12% of sales revenue.
Required:
Complete this question by entering your answers in the tabs below.
Select the more aggressive estimate for each of the four adjusting entries. What are the amounts for (a) net income, (b) total
assets, and (c) net cash flows?
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Calculus
1.2K views

For the real-valued functions g(x)=x + 1 and h(x)=?x-4, find the composition goh and specify...

Basic Math
1.2K views

Forecast the advertising revenue for each quarter in 2011 using seasonal dummy variables and a best...

Biology
1.2K views

Looking at the map and the Punnett square below how do you th changed as...

Basic Math
1.2K views

DEPT 106 EMPLOYEE CHECK Period Ending T Jones 537 1 1 2 1 GROSS PAY...

Accounting
1.2K views

In...

Accounting
1.2K views

The direct labour budget of Yuvwell Corporation for the upcoming fiscal year contains the following...

Accounting
1.2K views

Todd Department Stores' chief executive officer (CEO) has asked you to compare the company's profit...

Accounting
1.2K views

Kathy received Form 1099-C reporting $1,000 in cancelled credit card debt. This included $150 in...

Accounting
1.2K views

have no idea with this. is there any points need to be included when answer...

Accounting
1.2K views

The National investment Authority has announced an investment project for the generation and distribution of...

Accounting
1.2K views

woth the following information if your could answer the following question. ...

Accounting
1.2K views

American Company acquired 80 percent of the voting common stock of California Company. At the...