On june 1, 2018, top performance cell phones sold $ 26 comma 000 of merchandise to alright trucking company on account. alright fell on hard times and on july 15 paid only $ 7 comma 500 of the account receivable. after repeated attempts to collect, top performance finally wrote off its accounts receivable from alright on september 5. six months later, march 5, 2019, top performance received alright's check for $ 18 comma 500 with a note apologizing for the late payment.

requirements

1. journalize the transactions for high performance cell phoneshigh performance cell phones using the direct write-off method. ignore cost of goods sold.
2. what are some limitations that high performance will encounter when using the direct write-off method?

Afirm produces a product in a competitive industry and has a total cost function (tc) of tc(q) = 60 + 10q + 2q2 and a marginal cost function (mc) of mc(q) = 10 + 4q. at the given market price (p) of $20, the firm is producing 5.00 units of output. is the firm maximizing profit? no what quantity of output should the firm produce in the long run? the firm should produce unit s) of output. (enter your response as an integer.)

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?