On september 1, two jobs were in process at pete’s patios. details of the jobs follow: job number direct materials direct labor pp-24 $ 1,120 $ 414 pp-30 575 1,670 materials inventory on september 1 totaled $5,550, and $718 worth of materials was purchased during the month. indirect materials of $86 were withdrawn from materials inventory. on september 1, finished goods inventory consisted of two jobs, pp-12, costing $2,350, and pp-14, with a cost of $962. costs for both jobs were transferred to cost of services billed during the month. also during september, jobs pp-24 and pp-30 were completed. completing job pp-24 required an additional $1,360 in direct labor. the completion costs for job pp-30 included $680 in direct materials and $3,800 in direct labor. pete’s patios used a total of $1,948 of direct materials (excluding the $86 indirect materials) during the period, and total direct labor costs during the month amounted to $8,220. overhead has been estimated at 50 percent of direct labor costs, and this relation has been the same for the past few years. required: compute the costs to jobs pp-24 and pp-30 and the balances in the september 30 inventory accounts.

Symantec corp., located in cupertino, california, is one of the world's largest producers of security and systems management software. the company's consolidated balance sheets for the 2009 and 2008 fiscal years included the following ($ in thousands): current assets: receivables, less allowances of $21,766 in 2009 and $24,089 in 2008 $ 838,010 $ 758,700 a disclosure note accompanying the financial statements reported the following ($ in thousands): year ended 2009 2008 (in thousands) trade accounts receivable, net: receivables $ 859,776 $ 782,789 less: allowance for doubtful accounts (8,938) (8,990) less: reserve for product returns (12,828) (15,099) trade accounts receivable, net: $ 838,010 $ 758,700 assume that the company reported bad debt expense in 2009 of $2,000 and had products returned for credit totaling $3,230 (sales price). net sales for 2009 were $6,174,800 (all numbers in thousands).required: what is the amount of accounts receivable due from customers at the end of 2009 and 2008? what amount of accounts receivable did symentec write off during 2009? what is the amount of symentec’s gross sales for the 2009 fiscal year? assuming that all sales are made on a credit basis, what is the amount of cash symentec collected from customers during the 2009 fiscal year?

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories

How does bad debt expense is reported on the income statement?