6. problems and applications q6 daniel patrick moynihan, the late senator from new york, once introduced a bill that would levy a 10,000 percent tax on certain hollow-tipped bullets. a 10,000 percent tax on bullets likely to generate a lot of revenue. why might senator moynihan have proposed it? to discourage the use of hollow-tipped bullets to raise revenue to support law enforcement to boost the manufacturing industry of hollow-tipped bullets

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)

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If you owned a restaurant would you manage it yourself or i or someone to manage it for you