Assume the Murtha Company reported the following adjusted account balances at year-end. 2016 2015 Accounts Receivable $1,560,200 $1,210,920 Allowance for Doubtful Accounts (79,000) (64,600) Accounts Receivable, Net $1,481,200 $1,146,320 Assume the company recorded no write-offs or recoveries during 2016. What was the amount of Bad Debt Expense reported in 2016

Hanna intends to give her granddaughter, melodee, her antique hat pin. this heirloom has been kept under lock and key in the wall vault in the library of hanna's house in virginia. the hat pin is currently the only item in the vault. when hanna is visiting melodee in connecticut, hanna gives melodee the only key to the vault. melodee is grateful for the present and excitedly accepts. in this situation has there been a completed gift?

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?