Pincus associates uses the allowance method to account for bad debts. during 2021, its first year of operations, pincus provided a total of $250,000 of services on account. in 2021, the company wrote off uncollectible accounts of $10,000. by the end of 2021, cash collections on accounts receivable totaled $210,000. pincus estimates that 20 % of the accounts receivable balance at 12/31/2021 will prove uncollectible required 1. & 2. what journal entry did pincus record to write off uncollectible accounts during 2021 and to recognize bad debt expense for 2021? (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.) view transaction list journal entry worksheet 2 record the write-offs of allowance for uncollectible accounts during 2021 ngte: enter debits before credits event general journal debit credit record entry clear entry view general journal

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

Zeta corporation is a manufacturer of sports caps, which require soft fabric. the standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. during the month of january, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. what is zeta corporation's materials price variance for the month of january?

The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u.s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht.a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?