. Silver Company has budgeted sales of $35,000 with the following budgeted costs: Direct materials $10,000 Direct labor $7,500 Variable factory overhead $2,500 Fixed factory overhead $5,000 Variable selling and administrative costs $2,400 Fixed selling and administrative costs $3,200 What is the average target markup percentage for setting prices as a percentage of manufacturing costs

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)