Malone started 2020 with the following: A/R $290,000 Allowance for Doubtful Accounts 25,000 (credit) Malone had the following transactions during the year. Record all of the necessary transactions. a. In summary, Malone sold $580,000 of merchandise on account and collected $480,000 from customers.

b. Three of Malone’s customers went bankrupt and Malone wrote off $26,000 of accounts receivable.

c. One of Malone’s customers that had declared bankruptcy last year would like to reestablish business with Malone. They paid Malone $4,000 in accounts receivable that Malone wrote off in 2019.

d. Record the necessary adjusting entry assuming Malone estimates bad debts at 8% of Accounts Receivable. (hint: first figure out the balance in A/R and the Allowance for Doubtful Accounts).

e. Compute and show the Net Realizable Value of Malone’s A/R after journal entries 1-4 have been recorded

Aztic inc., a manufacturer of sports goods, plans to expand its operations to various other countries. during market research, it avoids countries where the dominant population is mostly rural. in this case, aztic inc. is assessing the of the countries

The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing company: work in process inventory $0 raw materials inventory $ 28 comma 100 finished goods inventory $ 40 comma 600 additional data: 1. actual manufacturing overhead for january amounted to $ 65 comma 000. 2. total direct labor cost for january was $ 63 comma 400. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no. 151, for which total direct labor charges were $ 5 comma 200 (1 comma 300 direct labor hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 700. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 300. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for january?

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %