Kingbird, inc. uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. accounts receivable are $429,500 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,950. (a) prepare the adjusting journal entry to record bad debt expense for the year. (b) if the allowance for doubtful accounts had a debit balance of $870 instead of a credit balance of $2,950, prepare the adjusting journal entry for bad debt expense. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (a) enter an account title enter a debit amount enter a credit amount enter an account title

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?