The following information is from the records of sumter, inc. for the year ended december 31, 2014. allowance for doubtful accounts, january 1, 2014 .. $ 6,000 (cr) sales, 2014 2,920,000 sales returns and allowances, 2014 32,000 if the basis for estimating bad debts is 1 percent of net sales, the correct amount of doubtful accounts expense for 2014 is

a. $34,880
b. $23,200
c. $22,800.
d. $28,880.

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.