On january 1, 2014 the accounts receivable and the allowance for doubtful accounts carried balances of $30,000 and $500, respectively. during the year the company reported $75,000 of credit sales. there were $550 of receivables written-off as uncollectible in 2014. cash collections of receivables amounted to $74,550. the company estimates that it will be unable to collect one percent (1%) of credit sales. the amount of uncollectible accounts expense recognized in the 2014 income statement will be? $700 $300. $750. $550.

Kenney co. uses process costing to account for the production of canned energy drinks. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. april costs were $57,600 for materials and $64,000 for conversion costs. ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be closest to:

What are two benefits of consumer programs

Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):