The following information appeared on Storm, Inc.'s balance sheet for the most recent year. This Year Last Year Gross Accounts Receivable $350 $320 Allowance for Doubtful Accounts $40 $50 Net Accounts Receivable $310 $270 The company also reported Credit sales of $420 for This Year. Bad debt expense for This Year was $15 and no accounts have been written off during This Year. How much were cash collections from customers This Year

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates

Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow