At january 1, 2013, simpson co. had a credit balance of $260,000 in its allowance for uncollectible accounts. based onpast experience. 2 percent of simpson's credit sales have been uncollectible. during 2013. simpson wrote off 5325.000 ofaccounts receivable. credit sales for 2013 were $9.000,000. in its december 31. 2013. balance sheet, what amount shouldsimpson report as allowance for uncollectible accounts? a. 5115.000b. 5180.000c. $245,000d. $440,000

20. sinclair company's single product has a selling price of $25 per unit. last year the company reported a profit of $20,000 and variable expenses totaling $180,000. the product has a 40% contribution margin ratio. because of competition, sinclair company will be forced in the current year to reduce its selling price by $2 per unit. how many units must be sold in the current year to earn the same profit as was earned last year? a. 15,000 units b. 12,000 units c. 16,500 units d. 12,960 units

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. the fair value of the sars is estimated to be $5 per sar on december 31, 2014; $2 on december 31, 2015; $10 on december 31, 2016; and $8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.