On january 1, 2017, novak corp. had accounts receivable of $54,300 and allowance for doubtful accounts of $3,700. novak corp. prepares financial statements annually. during the year, the following selected transactions occurred:
jan. 5 sold $3,600 of merchandise to rian company, terms n/30.
feb. 2 accepted a $3,600, 4-month, 9% promissory note from rian company for
balance due.
12 sold $10,800 of merchandise to cato company and accepted
cato’s $10,800, 2-month, 10% note for the
balance due.
26 sold $12,200 of merchandise to malcolm co., terms n/10.
apr. 5 accepted a $12,200, 3-month, 9% note from malcolm co. for balance due.
12 collected cato company note in full.
june 2 collected rian company note in full.
15 sold $2,000 of merchandise to gerri inc. and accepted a $2,000,
6-month, 13% note for the amount due.

For fundamental-type variables, list-initialization syntax prevents narrowing conversions that could result in data loss. for fundamental-type variables, list-initialization syntax allows narrowing conversions that could result in data loss.

Martinez manufacturing applies overhead based on direct labor hours. the company estimates that their overhead for the year will be $180,000, and that they will use 72,000 direct labor hours. during the year, martinez manufacturing actually used 75,000 direct labor hours and actual overhead costs were $190,000. at the end of the year, manufacturing overhead was: overapplied by $2,500. overapplied by $10,000. underapplied by $2,500. underapplied by $10,000.

Case in point 1.2 suppose you work in the it department of global hotels, a multinational hotel chain. global hotels runs several specialized business support systems, including a guest reservations system that was developed in-house to meet the requirements of a large company with worldwide operations. guests can make one-stop online reservations by visiting global's website, which has links to all major travel industry sites. global hotels just acquired momma's, a regional chain of 20 motels in western canada. momma's uses a vertical reservations package suitable for small- to medium-sized businesses and a generic accounting and finance package. should momma's use global hotels' information systems or continue with its own? in your answer, consider issues such as business profiles, business processes, system interactivity, edi, ecommerce, and the characteristics of both information systems. what additional information would be to you in making a recommendation?