On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts
was $1,400. On January 15, 2013 a $400 uncollectible account was written-off. The net realizable value of accounts
receivable immediately after the write-off is:

A. 518.100.

B. $16,700.

C. 517.100.

D. $17,500.

On January 1, 2013 Garcia Company had an $8.000 balance in the Accounts Receivable account and a zero balance in the
Allowance for Doubtful Accounts account. During 2013, Garcia provided $52,000 of service on account. The company
collected $48,500 cash from account receivable. Uncollectible accounts are estimated to be 2% of sales on account.

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Which of the following best describes why you need to establish goals for your program?