At the end of the year, mark inc. estimates future bad debts to be $6,500. the allowance for uncollectible accounts has a credit balance of $2,500 before any year‐end adjustment. what adjustment should mark inc. record for the estimated bad debts at the end of the year?
a. debit bad debt expense, $6,500; credit allowance for uncollectible accounts, $6,500
b. debit bad debt expense, $4,000; credit allowance for uncollectible accounts $4,000
c. debit allowance for uncollectible accounts, $9,000; credit bad debt expense, $9,000
d. debit bad debt expense, $9,000; credit allowance for uncollectible accounts, $9,000

Braverman company has two manufacturing departments—finishing and fabrication. the predetermined overhead rates in finishing and fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. the company’s direct labor wage rate is $16.00 per hour. the following information pertains to job 700: finishing fabrication direct materials $ 410 $ 60 direct labor $ 128 $ 48 required: 1. what is the total manufacturing cost assigned to job 700? 2. if job 700 consists of 15 units, what is the unit product cost for this job?

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?