Farr co. elects to use the percentage-of-sales basis in 2017 to record bad debt expense. it estimates that 2% of net credit sales will become uncollectible. sales revenues are $801,000 for 2017, sales returns and allowances are $40,100, and the allowance for doubtful accounts has a credit balance of $8,900. prepare the adjusting entry to record bad debt expense in 2017.

What legislation increased the ability for federal authorities to tap telephones and wireless devices, tightened the enforcement of money laundering activities, as well as broadened powers toward acts of terrorism and acts such as drug trafficking?

Suppose that two countries, britain and the u.s. produce just one good - beef. suppose that the price of beef in the u.s. is $2.80 per pound, and in britain it is £3.70 per pound. according to ppp theory, what should the $/£ spot exchange rate be? suppose the price of beef is expected to rise to $3.10 in the u.s. and to £4.65 in britain. what should be the one year forward $/£ exchange rate?

Which of the following scenarios will probably cause prices to drop