Net credit sales for the current year amount toWang Corporation uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $8,000,000, and management estimates 3% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $50,000. The amount of Uncollectible-Account Expense reported on the income statement will be

Which p shifts to consumer in the four cs of the alternate marketing mix? a) promotion b) product c) place d) price

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented