At the end of Year 4, the unadjusted trial balance of Albert Company includes $1,500,000 of outstanding accounts receivable and an Allowance for Uncollectible Accounts of $14,900 (credit balance). Total sales for the year are $2,094,000 and 85% of the sales were on account. The company estimates that 2% of credit sales are uncollectible and no entries have been made during the year to reflect these uncollectibles. After making the appropriate adjusting journal entry at year-end, what is the balance to be reported on the balance sheet in the Allowance for Uncollectible Accounts

On january 1, jackson, inc.'s work-process inventory account showed a balance of $ 66,500. during the year, materials requisitioned for use in production amounted to $ 70,500, of which $ 67,700 represented direct materials. factory wages for the period were $ 210,000 of which $ 187,000 were for direct labor. manufacturing overhead is allocated on the basis of 60% of direct labor cost. actual overhead was $ 116,050. jobs costing $ 353,060 were completed during the year. the december 31 balance in work-process inventory is

What is a sort of auction for stocks in which traders verbally submit their offers?

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers. b) may not accept the offer because it is considered lavish entertainment. c) must obtain written consent from batts brothers before accepting the offer.