As of january 1, 2021, farley co. had a credit balance of $520,000 in its allowance for uncollectible accounts. based on experience, 2% of farley's credit sales have been uncollectible. during 2021, farley wrote off $650,000 of accounts receivable. credit sales for 2021 were $18,000,000. in its december 31, 2021, balance sheet, what amount should farley report as allowance for uncollectible account

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)