In a particular year, the Haynes Independent School District collects $100 million in property taxes. State law requires that property-rich school districts appropriate and contribute two percent of all property taxes that they collect to a state pool, which will be divided among property-poor districts. Upon receipt of the taxes, the Haynes district, which the state considers a property-rich district, should account for

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?

When strawberry prices increase 20 percent, the quantity demanded of whipped cream falls 10 percent. what is the cross-price elasticity of demand between strawberries and whipped cream?