Gcm corporation had a 1/1/14 balance in the allowance for doubtful accounts of $25,000. during 2014, it wrote off $18,000 of accounts and collected $5,250 on accounts previously written off. the balance in accounts receivable was $500,000 at 1/1 and $600,000 at 12/31. at 12/31/14, gcm estimates that 5% of accounts receivable will prove to be uncollectible. what should gcm report as its allowance for doubtful accounts at 12/31/14? a. $12,000.b. $12,250.c. $17,250.d. $30,000.

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.

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howard, fine, & howard is an advertising agency. the firm uses an activity-based costing system to allocate overhead costs to its services. information about the firm's activity cost pool rates follows: stooge company was a client of howard, fine, & howard. recently, 7 administrative assistant hours, 3 new ad campaigns, and 8 meeting hours were incurred for the stooge company account. using the activity-based costing system, how much overhead cost would be allocated to the stooge company account?