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October 21, 2014

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accounting/help please
The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts . D)Accounts ...
May 3, 2011 by mike

account/check please
The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts D)Accounts ...
May 4, 2011 by mike

account/check please
The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts D)Accounts ...
May 4, 2011 by mike

accounting
The two accounts used to adjust the uncollectible accounts are. A) Uncollectible Accounts Expense and Allowance for Uncollectible Accounts. B) Accounts Receivable and Uncollectible Accounts Expense. C)Accounts Receivable and Allowance for Uncollectible Accounts D)Accounts ...
May 4, 2011 by mike

accounting
After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $673,400, and Allowance for Doubtful Accounts has a balance of $11,900. Describe how the accounts receivable and the allowance for doubtful accounts are reported on ...
April 27, 2014 by diane

accounting II
A company has $314,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The allowance for doubtful accounts now has a $1,890 debit balance. If the company estimates that $8,160 of accounts will be uncollectible based on an aging of ...
August 29, 2014 by CAW

math 2nd part
Right! :-) This year they have eight technicians on staff and each technician is fully saturated with accounts. a.How many accounts does the company support at this time? You stated that each technician has 5 accounts. This year there are 8 technicians. How many accounts do ...
June 24, 2007 by Ms. Sue

Accounting
On Dec 31, 2007, before adjusting entries, the blances of selected accounts for the company were as follows: Accounts receivable 840,000 Allowance for uncollectable accounts (debit balance) 2,000 dr. The company has determined that historically about 2.0 percent of accounts ...
July 24, 2008 by stuckinmath

accounting
Indicate whether each of the followings accounts normally has a debit balance or a or a credit balance 1.Mary Amos,Capital 2.Cash 3.Fees income 4.Accounts Payable 5.Supplies 6.Salaries Expense 7.Accounts Receivable 8.Equipment
May 1, 2010 by Lashun

ACCOUNTING !!
IN 2008, Variman, Incorportated had Gross Accounts receivable of $2,366,420 and management estimated the Allowance for Doubtful accounts to be $243,520. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for 2008 (that is, compute ...
August 27, 2009 by MARLON

accounting help
IN 2008, Variman, Incorportated had Gross Accounts receivable of $2,366,420 and management estimated the Allowance for Doubtful accounts to be $243,520. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for 2008 (that is, compute ...
September 3, 2009 by tiff

math for 1st part (a)
Part (a) 1.If the ratio of accounts-to-support technicians is 5:1, how many accounts are supported by each technician? 2.If there are currently 8 technicians on staff, how many accounts total are they supporting now? Please see the previous answer. 40
June 24, 2007 by dEE

ACC
Smithson Corporation had a 1/1/10 balance in the Allowance for Doubtful Accounts of $10,000. During 2010, it wrote off $7,200 of accounts and collected $2,100 on accounts previously written off. The balance in Accounts Receivable was $200,000 at 1/1 and $240,000 at 12/31. At ...
November 2, 2010 by Shamy

math
Suppose from a population of 50 bank accounts we want to take a random sample of three accounts in order to learn about the population. How many different random samples of three accounts are possible.
October 14, 2010 by John

Finance
Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm: Income statement data: Sales 5,000 Cost of goods sold 4,200 Balance Sheet Data: Beginning of Year End of Year Inventory 500 600 Accounts ...
March 22, 2011 by Kenny

accounting
Exercise 9-13: Accounts receivable turnover L.O. A1 The following information is from the annual financial statements of Lucilla Company. 2009 2008 2007 Net Sales $ 262,000 $ 193,000 $ 245,000 Accounts Receivable, net (year-end) 42,700 40,500 37,200...
April 14, 2010 by bobbie

religion
Frankfurter puts together several accounts of monstrous ritual. Account for the similarities between these accounts. HELP
November 10, 2007 by Mark

Problem Solving
Johnny has two bank accounts. One pays 7% interest and the other pays 10% interest. A total of $25,000 invested in the two accounts. Last year he earned $2,200 in interest on two accounts. How much money does he have in each account? define variables and write out a system of ...
February 15, 2010 by Wejie

Accounts
You notice that your accounts receivable days outstanding has doubled in the first 6 months. Do you give someone a bonus or put him or her on probation? Why?
March 5, 2013 by Kelly

accounting
The auditors may decide to confirm accounts payable on an audit engagement. Describe two reasons why the confirmation of accounts payable is not a genreally accepted auditing procedure, describe the audit crcumstances in which the auditors are likely to decide to confirm ...
June 7, 2009 by kew

acc225
Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies e. Salaries Expense i. Interest Revenue b. Repair Services Revenue f. Owner Capital j. Owner Withdrawals c. Interest Payable g. Prepaid Insurance k. Unearned ...
May 28, 2008 by Tee

accounting
I was given gross accounts receivable $15,200,000 and $17,600,000 respectively; allowance for uncollectible accounts at the begining and end of the year $1,400,000 and $1,550,000; expense for estimated uncollectible accouts $750,00 which was 1% of sales; no recoveries of ...
October 14, 2009 by Jamie

fsu
The individual amounts in the Accounts Receivable Debit column of a sales journal should be posted to the accounts receivable subsidiary ledger, and the column total should be posted to the Accounts Receivable account in the general ledger.is it true or false?
November 20, 2011 by rozzell

accounting
P9-4A (a-d) Wall Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year end. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Over 120 Accounts receivable $200,000 $77,...
March 8, 2012 by Zarria

Account
Which of the following accounts is decreased by a debit entry? a. Accounts Payable b. Cash c. Prepaid Insurance d. Insurance Expense
September 23, 2012 by Anton

Accounting
Which of the following accounts is decreased by a debit entry? Answer a. Accounts Payable b. Cash c. Prepaid Insurance d. Insurance Expense
September 23, 2012 by Anton

accounting
How do you think the accounts receivable system contributes to the overall success of a business? What impact does the accounts receivable systems has on cash flows and on customer service?
January 26, 2009 by China

Accounting 1
what is the name of a comparison of the general ledge accounts with debit balances to the general ledger accounts with credits blances to make sure they equal the same?
May 9, 2011 by wanda

Accounting
The following are all of the accounts of Mean Green Company that have a balance at the end of August, the company's first month of operation: Accounts receivable $11,000 Cash $10,100 Equipment 39,700 Advertising expense 3,000 Service revenues earned 32,000 Accounts payable 13,...
April 25, 2010 by Anonymous

Business Maths
How do i calculate this problem. In 2007 the Pearl Boutique had net credit sales of $750,000. On January 1, 2007, Allowance for Doubtful Accounts had a credit balance of $16,000. During 2007, $30,000 of uncollectible accounts receivable were written off. Past experience ...
December 3, 2009 by Peaches

Math
In the Math department of a school, 10 teachers have YM accounts, 13 have GM accounts, and 6 have both accounts. How many teachers in Department have YM or GM accounts?
February 3, 2013 by HELP HELP HELP MNHS

accounting
Maria Gonzalez opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Office Equipment $6,000, Accounts Payable $3,600, and M. Gonzalez, Capital $13,700. During ...
January 20, 2013 by essie

acc 121
Bob is investing in a partnership with Andy. Bob contributes as part of his initial investment, Accounts Receivable of $80,000; an Allowance for Doubtful Accounts of $12,000; and $8,000 cash. The entry that the partnership makes to record Bob's initial contribution includes a...
June 3, 2011 by moe

bookkeeping
suppose your business caters a party august 23.according to the contract ,your client will pay the 2500 bill on september 1.using the accrual basis of accounting ,how would you record the transaction? (a)on august 23,debit accounts receivable 2500 and credit revenue2500 (b)on ...
April 6, 2012 by susue

Financial Accounting
Use the following information to answer multiple-choice questions 5 and 6. At the end of the year, before any adjustments are made, the accounting records for Sutton Company show a balance of $100,000 in accounts receivable. The allowance for uncollectible accounts has a ...
April 30, 2013 by Anonymous

accounting
E4-19 On December 31, the adjusted trial balance of Oslo Employment Agency shows the following selected data. Accounts Receivable $24,000 Commission Revenue $92,000 Interest Expense 7,800 Interest Payable 1,500 Analysis shows that adjusting entries were made to (1) accrue $4,...
January 26, 2012 by bill

Accounting
Can anyone give me a list of contra accounts and the accounts that they are contra counts too
December 4, 2007 by Alex

finance
Collins Office Supplies is considering a more liberal credit policy to increase sales, but expects that 9 percent of the new accounts will be uncollectible. Collection costs are 5 percent of new sales, production and selling costs are 78 percent, and accounts receivable ...
January 18, 2010 by cindi

bookkeeping
a store purchased 500 in merchandise on account.using the periodic inventry system,how would you record your entry? (a)debit merchandise inventory 500 and credit accounts payable 500 (b)credit purchase 500 and debit accounts payable 500 (c)credit merchandise inventory 500 and ...
April 6, 2012 by susue

Accounting
Assume that October's credit sales were $35,000. In the space below record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. The Allowance for Doubtful Acccounts before adjustment has a credit balance of $500...
March 5, 2008 by Misty

Alegbra
Mary has a total of $5000 invested in two accounts. One account pays 5% and the other 8%. Her interest in the first year was $331. Write and solve a system of equations to find out how much she has invested in both accounts.
February 27, 2014 by Steveo

Alegbra
Mary has a total of $5000 invested in two accounts. One account pays 5% and the other 8%. Her interest in the first year was $331. Write and solve a system of equations to find out how much she has invested in both accounts.
March 2, 2014 by BrianP

Alegbra
Mary has a total of $5000 invested in two accounts. One account pays 5% and the other 8%. Her interest in the first year was $331. Write and solve a system of equations to find out how much she has invested in both accounts.
March 3, 2014 by Steveo

algebra
Mary has a total of $5000 invested in two accounts. One account pays 5% and the other 8%. Her interest in the first year was $331. Write and solve a system of equations to find out how much she has invested in both accounts.
March 4, 2014 by billy

Alegbra
Mary has a total of $5000 invested in two accounts. One account pays 5% and the other 8%. Her interest in the first year was $331. Write and solve a system of equations to find out how much she has invested in both accounts.
March 10, 2014 by Steveo

algebra
Mary has a total of $5000 invested in two accounts. One account pays 5% and the other 8%. Her interest in the first year was $331. Write and solve a system of equations to find out how much she has invested in both accounts
March 26, 2014 by ann

algebra
In the early months of some year, one site added 0.6 million new accounts every day. at this rate, how many days would be needed to add 30 million new accounts?
April 14, 2013 by nancy

Accounting Question?
What is the distinguishing characteristic between accounts receivable and notes receivable? a. Notes receivable generally specify an interest rate and a maturity date at which any interest and principle must be repaid. b. Accounts receivable are usually current assets while ...
October 4, 2012 by Anton

Accounting
1. Compute the estimated uncollectible accounts at the end of the year using the following rates: Current 1% 1–30 days past due 3% 31–60 days past due 9% Over 60 days past due 25% 2. As of December 31, 2013, there is a credit balance of $208.20 in Allowance for Doubtful ...
September 12, 2014 by Christian

Accounting
Sam's grocery store had the following at the end of 20X5: Cash $22,000 Accounts receivable 49,000 Accounts payable 17,000 Fees earned 61,000 Rent expense 12,000 Insurance expense 3,600 Salary expense 18,000 Supplies 15,000 Sam, capital 49,600 Sam, withdrawals 8,000 If all of ...
April 25, 2010 by Anonymous

Statics
A power company takes a random sample of its delinquent account files. For 400 accounts, the average delinquent amount was $239.30 with a standard deviation of $14.52. With 99% probability, determine the maximum error of the estimate for the mean of all the delinquent accounts.
December 1, 2012 by Heather

fin220
Collins Office Supplies is considering a more liberal credit policy in order to increase sales The following data is available for the company: Uncollectable new accounts 7% Collection costs 6% of new sales Production and selling costs 79% Accounts receivable turnover 6 Income...
October 21, 2009 by maggie

Math
Assume that the allowance account has a debit balance of $7,000 at the end of the year, before adjustments. If the estimate of uncollectible accounts based on aging the receivables is $10,000, the amount of the adjusting entry for uncollectible accounts would be:
June 12, 2011 by Sam

Statistics
A credit manager has chosen a sample of size 2,164 to estimate the mean balance of credit accounts to within $0.50. A pilot study of 50 accounts had a mean of $1,219 and a variance of 100. The level of confidence of the interval is: 90% 95% 98% 99%
November 16, 2013 by Cam

Statistics
A credit manager has chosen a sample of size 2,164 to estimate the mean balance of credit accounts to within $0.50. A pilot study of 50 accounts had a mean of $1,219 and a variance of 100. The level of confidence of the interval is: 90% ? 95% ? 98% ? 99% ?
November 17, 2013 by Em'

Maths probability
An insurance company classifies its customers into three groups,a,b and c. Groups a accounts for 20% of the total custermers, groupe b accounts 40%, and accounts for 40%. For people in groupe a,b and c, the probabilities of having an accident in one year are 0,0.1,and 0.2 ...
November 3, 2012 by Nithiya

math investment
8. (TCO A)  You can tax shelter only one-half of your retirement savings. You want to invest one-half of your savings in bonds and one-half in stocks. How much of the bonds and how much of the stocks should you allocate to the tax sheltered investment? (Points : 5)        ...
August 9, 2012 by Steven

statistics
solve: our health organization is interested in estimating the average value of outstanding accounts receivable. After selecting a sample of 100 accounts, suppose that the mean was $120 and the standard deviation was $40. Use these data to construct a 98% confidence interval. ...
June 6, 2014 by Winona

Statistics
Kyle averages 5 finished accounts a day. His standard deviation is 1 account per day and we want the percentile for a day where he finishes 8 accounts. The percentile will be between…
April 24, 2012 by Anthony

Finance
. Pretty Lady Cosmetic Products has an average production process time of forty days. Finished goods are kept on hand for an average of fifteen days before they are sold. Accounts receivable are outstanding an average of 35 days, and the firm receives forty-days of credit on ...
November 18, 2007 by Bea

Business
I am working on an unadjusted trial balance and the assignment says to prepare one for the end of July. Do I use ALL ledger accounts even if there was no activity in July? OR do I just use the July accounts?
January 11, 2012 by Diane

Financial Accounting
I am working on an unadjusted trial balance and the assignment says to prepare one for the end of July. Do I use ALL ledger accounts even if there was no activity in July? OR do I just use the July accounts?
January 10, 2012 by Diane

accouting edit plz
Received a $95 bill for telephone service during the month of October (the bill is paid in November). Telephone Expense accounts payable or is it, accounts recievable service revenue
May 28, 2010 by Thara!

math
Wendy invested $6500.00 into two bank accounts, one paying 4% simple interest and the other paying 6%. If her annual interest from the two accounts is $344, how much did she invest at 6%?
July 5, 2013 by Monica

financial management
A new project will increase inventory and accounts receivable by an average of $1 million each. Cash levels and other working capital accounts are expected to not change. What effect will the project have on working capital?
April 20, 2009 by ann

human resources
As the company bookkeeper reviewing delinquent accounts receivable, you find that a relative of yours has not paid his account amounts of $550. You know that he has been experiencing financial difficulties, and so you set his account aside and do not include it with the other ...
January 24, 2009 by China

business
Which pair of accounts follows the rules of debit and credit, in relation to increases and decreases, in the same manner? A. Accounts Payable and Rent Expense B.Repair Expense and Notes Payable C.Prepaid Insurance and Advertising Expense D.Service Revenues and Equipment
September 28, 2010 by mark

FINANCE
Many creditors of your firm offer early payment discounts. The accounts payable supervisor does not believe in paying early “as the bank overdraft rate of j12 = 8% pa is more than the average 2% offered for payment within 10 days from date of invoice”. The supervisor stretches...
March 27, 2014 by Anonymous

accounting
. On June 1st, Green Pea, Inc. purchased $1,200 worth of supplies on account. How does this transaction affect Green Pea's accounts? a. Increase supplies and accounts payable by $1,200 b. Increase supplies and decrease cash by $1,200 c. Increase supplies and decrease accounts ...
August 25, 2013 by joanna

finance
can someone correct these for me when you have a few minutes i'll appreciate any help thankyou.my answers are in parenthesis thanks again. Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies (debit) b. Repair ...
October 30, 2007 by student acc

Bookkeepinng
I am given a critical thinking question and asked to do a balance sheet for a given month, but the owner put a question mark beside Truck and Accounts Payable in the assests column. How do I handle this part when I am given no other facts about these two accounts.
June 30, 2012 by Susan

math
Sue has a total of $4000 to invest in two accounts. one account earns 2% simple interest and the other earns 5% simple interest. How much should be invested in both accounts to earn exactly $155 at the end of the year?
October 3, 2014 by phil

human resources
As the company bookkeeper reviewing delinquent accounts receivable, you find that a relative of yours has not paid his account amounts of $550. You know that he has been experiencing financial difficulties, and so you set his account aside and do not include it with the other ...
January 28, 2010 by Shawne

probability
jessica Lasda an educational publisher presently have five accounts and her manager is considering assigning her three more accounts .the new accounts would bring potential volume to her business Then I have a 6 column table which iam writing in 6 different lines 1 column ...
August 28, 2012 by adiba

mths probability
jessica Lasda an educational publisher presently have five accounts and her manager is considering assigning her three more accounts .the new accounts would bring potential volume to her business Then I have a 6 column table which iam writing in 6 different lines 1 column ...
August 29, 2012 by adiba

Economic
consumers can transfer money electronically from their bank accounts to the bank accounts of stores or restaurants by using A.credit cards B.debt cards C.american express cards D.credit union share drafts I think it is A
February 7, 2010 by Pam

college-Finance
any help? thank you Diazstar corporation sells on terms of 2/10, n/30. 70% of costumers normally avail of the discounts. annual sales are $900,000. 80% of which is made on credit. Cost is approximately 75% of sales. required: 1. average balance in accounts receivable. 2. ...
March 8, 2009 by meimei

Accounting
I am having a technical problem using Simply Accounting 2008 (student version). I am creating my own company and entering the accounts in the Chart of Accounts. However, there is a problem with the drawings account. Most equity accounts have a credit balance, but a drawings ...
May 28, 2010 by Jill

Accounting
I am having a technical problem using Simply Accounting 2008 (student version). I am creating my own company and entering the accounts in the Chart of Accounts. However, there is a problem with the drawings account. Most equity accounts have a credit balance, but a drawings ...
May 28, 2010 by Jill

Math
a corporate software development firm has a staff of online support technicians available 24 hours hours a day. they advertise that one of the advantages of using their company is that the ratio of accounts-to-support technicians is 5:1. This year they have eight technicians ...
July 27, 2010 by Lilia

ACCOUNTING
what do you consider might happen if revenue accounts are not closed? Explain why. expense accounts are not closed? Explain why. dividends are not closed? Explain why. --
October 27, 2009 by Anonymous

accounting
Linking debit or credit with normal balance C5 Indicate whether a debit or credit decreases the normal balance of each of the following accounts: a. Office Supplies debit b. Repair Services Revenue debit c. Interest Payable credit d. Accounts Receivable debit e. Salaries ...
March 19, 2008 by Christi

Math
A corporate software development firm has a staff of online support technicians available 24 hours a day. They advertise that one of the advantages of using their company is that the ratio of accounts-to-support technicians is 5:1. This year they have eight technicians on ...
June 24, 2007 by dEE

humanities
The two different medieval accounts of creation in Genesis have caused scholars to believe that each was written at a different time by a different author. What are the two accounts? Where does one end and the other begin? How is creation described in Hindu religious text of “...
January 27, 2008 by Tiffany

Economic
1. Keogh and IRA plans allow people to do all of the following except A.save money each year for retirement. B.withdraw money from their accounts at the end of every year without penalty. C.establish their own pension plans. D.defer taxation of the interest they earn on their ...
March 25, 2010 by candance

Algebra
Mr. and Mrs. Abdullah invest a total of $10,000 in two savings accounts. One account pays 5% interest and the other 6%. Find the amount placed in each account if the accounts receive a total of $540 in interest after one year.
March 28, 2013 by Lora

accounting
Is there a method of determining if you debit or credit an account? How do you know if you should debit or credit a transaction? If it's a balance sheet accout you need to learn (and mrmorize) which side of the equation i't on, and it's normal balance. Assets normally have ...
September 21, 2006 by diana

finance and cost management
Diazstar corporation sells on terms of 2/10, n/30. 70% of costumers normally avail of the discounts. annual sales are $900,000. 80% of which is made on credit. Cost is approximately 75% of sales. required: 1. average balance in accounts receivable. 2. average investment in ...
January 23, 2013 by kin

Accounting
Prepare a trial balance from the following information for Learn a New Language, Inc. for December 31, 2012. Accounts payable $5,012 Common stock $9,692 Cash $3,928 Notes payable $1,439 Wages expense $777 Marketing expense $493 Equipment $8,345 Accounts receivable $1,142 ...
November 26, 2012 by Rescueme417

math
The budget for the childrens museum's annual party is $20,000 . Food accounts for 1/2 of the budget , beverages accounts for 1/5 of the budget, decorations for 1/8 ,and entertainment for 1/8 of the budget . The rest of the money will be spent on staffing the event . How much ...
March 24, 2014 by kartik

Math
Mr. Malone is putting money in two savings accounts. Account A started with $200 and Account B started with $300. Mr. Malone deposits $15 in Account A and $10 in Account B each moth. In how many months will the accounts have the same balance? What will that balance be?
January 18, 2012 by Ella

Algebra
Mr. Malone is putting money in two savings accounts. Account A started with $200 and Account B started with $300. Mr. Malone deposits $15 in Account A and $10 in Account B each moth. In how many months will the accounts have the same balance? What will that balance be?
January 18, 2012 by Ella

I NEED HELP :(
Mr. Malone is putting money in two savings accounts. Account A started with $200 and Account B started with $300. Mr. Malone deposits $15 in Account A and $10 in Account B each month. In how many months will the accounts have the same balance? What will that balance be?
January 18, 2012 by Ella

accounting
On April 25, 2010, Bullseye Company purchased all of the outstanding common stock of Vista Company, paying $14,000,000. The book values and fair values of Vista's assets and liabilities acquired are shown below in dollar amounts: Accounts Book Value Fair Value Accounts ...
April 9, 2013 by Lisa

Math
Ellie and Tanya each have bank accounts.Ellie has $500 and Tanya has $200.Ellie withdraws $15 each weekend while Tanya deposits $12.At the end of 13 weeks what is the difference in their bank accounts?Solve this algebraically.Can you find a week when there is only a $3 ...
January 7, 2010 by Mindy

accounting
indicate in the table below the financial statement on which each of the following accounts appear. (FINANCIAL STATEMENTS) ACCOUNTS: CASH IN THE BANK DOES IT BELONG ON INCOME STATEMENT OR STATEMENT OF CHANGES IN OWNERS EQUITY OR BALANCE SHEET. LL I NEED IS ONE EXAMPLE JUST ...
April 10, 2009 by anonymous

finance
What are the two most popular personal retirement plans? A. Keogh account and Social Security B. Social Security and Roth IRA Plus C. Keogh accounts and individual retirement accounts D. 401(k) and Social Security
June 2, 2013 by Anonymous

Statistics
A manufacturer makes two models of an item: model I, which accounts for 80% of unit sales, and model II which accounts for 20% of unit sales. Because of defects, the manufacturer has to replace (or exchange) 10% of its model I and 18% of model II. If a model is selected at ...
September 22, 2010 by Lori

accounting
Uncollectible Accounts—Percentage of Sales Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated ...
March 1, 2014 by amber

accounting
Uncollectible Accounts—Percentage of Sales Ryan's Express has total credit sales for the year of $178,000 and estimates that 3% of its credit sales will be uncollectible. Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated ...
March 1, 2014 by kathy

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