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OK International wrote off the following accounts receivable as uncollectible for the year ending December 31, 2010:
Customer AmountEva Fry $ 6,500Lance Landau 11,200Marcie Moffet 3,800Jose Reis 3,500Total $25,000The company prepared the following aging schedule for its accounts receivable on December 31, 2010:
a. Journalize the write-offs for 2010 under the direct write-off method.
b. Journalize the write-offs and the year-end adjusting entry for 2010 under the allowance method, assuming that the allowance account had a beginning balance of $22,500 on January 1, 2010, and the company uses the analysis of receivablesmethod.
Another design requirement is that the differential input resistance be at least 100 kΩ. The BJTs available are specified to have β ≥ 100. Give the circuit configuration and specify the values of all its components.
examine the following book-value balance sheet for university products inc. the preferred stock currently sells for 15
the net income reported on the income statement for the current year was 720000. depreciation recoreded on store
department g had 3210 units one-third completed at the beginning of the period 13877 units were completed during the
Jon Johnson an accountant with local CPA firm, has just completed an inventory count for Mom & Pop's Groceries. Mom and Pop provide audited financial statements to their bank annually, and part of that audit requires an inventory count.
What is the PV of $240 received in year 6
Calculate his net take home pay assuming the employer withheld federal income tax (wage bracket, married, 2 allowances), social security taxes, and state income tax (2%).
Explain the following in a memo to your instructor. The comparative advantages and disadvantages of ideal versus normal standards.
tony matheson plans to graduate from college in may 2012 after spending four years earning a degree in sports and
Tony estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Compute the standard cost of the ingredients for one gallon of wine.
On January 1, 2010, Lucas Distributors, Inc., adopted the dollar-value LIFO inventory method for income tax and external financial reporting.
Why aren't actual overhead costs traced to jobs just as direct materials and direct labor costs are traced to jobs? Also, how are overhead costs assigned to jobs?
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