During the current year, giatras electronics recorded credit sales of $680,000. based on prior experience, it estimates a 3.5 percent bad debt rate on credit sales.

prepare journal entries for each of the following transactions.
(a) on october 28 of the current year, an account receivable for $2,800 from a prior year was determined to be uncollectible and was written off.
(b) at year-end, the appropriate bad debt expense adjustment was recorded for the current year.

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Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance

Afirm plans to begin production of a new small appliance. the manager must decide whether to purchase the motors for the appliance from a vendor at $10 each or to produce them in-house. either of two processes could be used for in-house production; process a would have an annual fixed cost of $200,000 and a variable cost of $7 per unit, and process b would have an annual fixed cost of $175,000 and a variable cost of $8 per unit. determine the range of annual volume for which each of the alternatives would be best. (round your first answer to the nearest whole number. include the indifference value itself in this answer.)