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    Regression Analysis Method: Uses All Available Data To Estimate The Cost Function

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    Miccah Jade Castillo
    Balin Corporation's December records show $70,000 cash received from accounts receivable. Bad debt expense is $7,100, increasing the allowance for doubtful accounts by the same amount. Sales were $750,000 with $40,000 in returns and allowances, resulting in net sales of $710,000.

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    Regression Analysis Method: Uses All Available Data To Estimate The Cost Function

    Uploaded by

    Miccah Jade Castillo
    37 views4 pages
    Balin Corporation's December records show $70,000 cash received from accounts receivable. Bad debt expense is $7,100, increasing the allowance for doubtful accounts by the same amount. Sales were $750,000 with $40,000 in returns and allowances, resulting in net sales of $710,000.

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    Balin Corporation's December records show $70,000 cash received from accounts receivable. Bad debt expense is $7,100, increasing the allowance for doubtful accounts by the same amount. Sales were $750,000 with $40,000 in returns and allowances, resulting in net sales of $710,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    37 views4 pages

    Regression Analysis Method: Uses All Available Data To Estimate The Cost Function

    Uploaded by

    Miccah Jade Castillo
    Balin Corporation's December records show $70,000 cash received from accounts receivable. Bad debt expense is $7,100, increasing the allowance for doubtful accounts by the same amount. Sales were $750,000 with $40,000 in returns and allowances, resulting in net sales of $710,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    To focus on the accounting issues the preceding illustration should not be used as a model for

    constructing a legal document; it is merely an abbreviated form to focus on the accounting issues.

    For the month of December, the records of Balin Corporation show the following information:

    Cash received on accounts receivable P 70,000

    Regression Analysis Method


    Uses all available data to estimate the cost function

    Bad debt expense $ 7,100

    Allowance for Doubtful Accounts ......................... 7,100

    Sales $750,000

    Sales returns and allowances (40,000)

    It is a statistical method that measures the average amount of change in the


    dependent variable that is associated with a unit of change of one or more
    independent variable.

    accounting issues the preceding illustration should not be used as a model for constructing a legal
    document; it is merely an abbreviated form to focus on the accounting issues.

    For the month of December, the records of Balin Corporation show the following information:

    Cash received on accounts receivable P 70,000

    Regression Analysis Method

    143. On the December 31, 2015 statement of financial position of Vanoy Co., the current receivables
    consisted of the following:

    Ace Co. prepared an aging of its accounts receivable at December 31, 2015 and determined that the net
    realizable value of the receivables was $300,000

    (2) Bad Debt Expense ........................................................... 7,100

    Allowance for Doubtful Accounts ......................... 7,100

    Sales $750,000
    Sales returns and allowances (40,000) accounting issues the preceding illustration should not be used as
    a model for constructing a legal document; it is merely an abbreviated form to focus on the accounting
    issues.
    For the month of December, the records of Balin Corporation show the following information:

    Cash received on accounts receivable P 70,000

    Regression Analysis Method

    Net sales 710,000

    Rate 1%

    Bad debt expense $ 7,100

    Allowance for Doubtful Accounts ......................... 7,100

    Sales $750,000

    Sales returns and allowances (40,000)

    Net sales 710,000

    (b) The percentage of receivables approach would be affected as follows

    Trade accounts receivable $ 75,000

    Bad debt expense $ 7,100

    Allowance for Doubtful Accounts ......................... 7,100

    Sales $750,000
    accounting issues the preceding illustration should not be used as a model for constructing a legal
    document; it is merely an abbreviated form to focus on the accounting issues.

    For the month of December, the records of Balin Corporation show the following information:

    Cash received on accounts receivable P 70,000

    Regression Analysis Method

    Sales returns and allowances (40,000)

    Allowance for uncollectible accounts (2,000)

    Claim against shipper for goods lost in transit (November 2015) 3,000

    Selling price of unsold goods sent by Vanoy on consignment


    Allowance for Doubtful Accounts ......................... 7,100

    Sales $750,000

    Sales returns and allowances (40,000)

    Net sales 710,000

    75,000

    Allowance for uncollectible accounts (2,000)

    Claim against shipper for goods lost in transit (November 2015) 3,000Account receivable 1,200,000

    (2) Bad Debt Expense ........................................................... 7,100

    Allowance for Doubtful Accounts ......................... 7,100

    Sales $750,000

    Sales returns and allowances (40,000)

    Net sales 710,000

    Rate 1%
    accounting issues the preceding illustration should not be used as a model for constructing a legal
    document; it is merely an abbreviated form to focus on the accounting issues.

    For the month of December, the records of Balin Corporation show the following information:

    Cash received on accounts receivable P 70,000

    Regression Analysis Method

    (2) Bad Debt Expense ........................................................... 7,100

    Allowance for Doubtful Accounts ......................... 7,100

    Sales $750,000

    Sales returns and allowances (40,000)

    Net sales 710,000

    Rate 1%

    Bad debt expense $ 7,100

    (b) The percentage of receivables approach would be affected as follows


    Bad debt expense $ 7,100

    (b) The percentage of receivables approach would be affected as follows

    Allowance for doubtful accounts 20,000


    Sales 8,000,000
    It becomes apparent that one should be alert to the stated assumptions intrinsic to a loan agreement.
    Next, be aware of the “rule of 7823s.” Some loan agreements stipulate that prepayments will be based on
    this tricky technique. A year has 12 months, and 12 + 11af2 + 10 + 9 + . . . + 1 = 78435;
    accounting issues the preceding illustration should not be used as a model for constructing a legal
    document; it is merely an abbreviated form to focus on the accounting issues.

    For the month of December, the records of Balin Corporation show the following information:

    Cash received on accounts receivable P 70,000

    Regression Analysis Method

    Allowance for uncollectible accounts at 1/1/15—credit balance $ 34,000

    Accounts written off as uncollectible during 2015 23,000

    Accounts receivable at 12/31/15 325,000

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