Young and old corporation (yoc) uses two aging categories to estimate uncollectible accounts. accounts less than 60 days are considered young and have a 4% uncollectible rate. accounts more than 60 days are considered old and have a 35% uncollectible rate.

required:

if yoc has $104,000 of young accounts and $440,000 of old accounts, how much should be reported in the allowance for doubtful accounts?

if yoc’s allowance for doubtful accounts currently has an unadjusted credit balance of $44,000, how much should be credited to the account?

if yoc’s allowance for doubtful accounts has an unadjusted debit balance of $5,400, how much should be credited to the account?

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?