You have been provided with the following information: Per Unit Total Sales $15 $45,000 Less variable expenses 9 27,000 Contribution margin 6 18,000 Less fixed expenses 12,000 Operating profit $6,000 If unit sales decrease by 10%, how much will fixed costs have to be reduced by to maintain the current operating profit

Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,000 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,000 from hopkins. on july 10, the entry or entries gideon makes to record the recovery of the bad debt is