Providing for doubtful accounts at the end of the current year, the accounts receivable account has a debit balance of $1,110,000 and sales for the year total $12,590,000. the allowance account before adjustment has a debit balance of $15,000. bad debt expense is estimated at 3/4 of 1% of sales. the allowance account before adjustment has a debit balance of $15,000. an aging of the accounts in the customer ledger indicates estimated doubtful accounts of $48,000. the allowance account before adjustment has a credit balance of $8,800. bad debt expense is estimated at 1/2 of 1% of sales. the allowance account before adjustment has a credit balance of $8,800. an aging of the accounts in the customer ledger indicates estimated doubtful accounts of $73,000. determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.

Which term refers to the amount of products generated divided by the inputs necessary to create that output? a. performance b. industry ranking c. productivity d. organizational performance e. organizational effectiveness

1) u. s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u. s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.