Toney Company's year-end unadjusted trial balance shows the following: Accounts
Receivable $47,000; Allowance for Doubtful Accounts $147 (credit), and Sales
$170,000. Uncollectibles are estimated to be 2% of sales. In the year-end adjusting
entry to record bad debt expense, the company will:
Debit Bad Debt Expense $3,253; credit Allowance for Doubtful Accounts $3,253
Debit Bad Debt Expense $3,547; credit Allowance for Doubtful Accounts $3,547
Debit Allowance for Doubtful Accounts $3,253; credit Bad Debt Expense $3,253
Debit Bad Debt Expense $3,400; credit Allowance for Doubtful Accounts $3,400
a
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Laurelton heating & cooling installs and services commercial heating and cooling systems. laurelton uses job costing to calculate the cost of its jobs. overhead is allocated to each job based on the number of direct labor hours spent on that job. at the beginning of the current year, laurelton estimated that its overhead for the coming year would be $ 61 comma 500. it also anticipated using 4 comma 100 direct labor hours for the year. in april comma laurelton started and completed the following two jobs: (click the icon to view the jobs.) laurelton paid a $ 20-per-hour wage rate to the employees who worked on these two jobs. read the requirements requirement 1. what is laurelton's predetermined overhead rate based on direct labor hours? determine the formula to calculate laurelton's predetermined overhead rate based on direct labor hours, then calculate the rate. / = predetermined overhead rate

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)

Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.