Harvey's junk jewelry started business

harvey's junk jewelry started business january 1, 2016, and uses the lifo retail method to estimate ending inventory. listed below is data accumulated for the year ended december 31, 2016:

cost retail
beginning inventory $15,000 $23,000
purchases 49,000 78,000
freight-in 2,500
purchase returns 1,700 2,600
net markups 2,000
net markdowns 4,100
net sales 70,600
employee discounts 700
to the nearest thousand, the estimated ending inventory at cost is (round cost-to-retail ratio to whole percentage):

(a) $16,000.
(b) $15,000.
(c) $13,000.
(d) $19,000.

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off. rahal's accounts receivable at december 31, 2018, are:

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?