Splish brothers inc. uses the percentage of receivables method for recording bad debts expense. the accounts receivable balance is $32 and credit sales are $321. management estimates that 4% of accounts receivable will be uncollectible. what adjusting entry will splish brothers inc. make if the allowance for doubtful accounts has a credit balance of $3200 before adjustment?
a. bad debt expense 9600 allowance for doubtful accounts 9600
b. bad debt expense 9600 accounts receivable 9600
c. bad debt expense 32100 accounts receivable 32100
d. bad debt expense 32100 allowance for doubtful accounts 32100

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.

An employer takes a deduction from your paycheck for federal taxes. where does this money go? -the money is sent to the federal government to pay for goods and services for the community. -the money is sent to the mayor. -the money is sent to the federal government and deposited in a retirement account. -the money is sent to the social security fund.

Your company is starting a new r& d initiative: a development of a new drug that dramatically reduces the addiction to smoking. the expert team estimates the probability of developing the drug succesfully at 60% and a chance of losing the investment of 40%. if the project is successful, your company would earn profits (after deducting the investment) of 9,000 (thousand usd). if the development is unsuccessful, the whole investment will be lost -1,000 (thousand usd). your company's risk preference is given by the expected utility function: u(x) v1000 +x, where x is the monetary outcome of a project. calculate the expected profit of the project . calculate the expected utility of the project . find the certainty equivalent of this r& d initiative . find the risk premium of this r& d initiative e is the company risk-averse, risk-loving or risk-neutral? why do you think so?