Phantom inc. has an unadjusted debit balance of $5,250 in its allowance for doubtful accounts. the company has experienced bad debt losses of 2% of credit sales in prior periods. phantom reported net credit sales of $2,250,000 for the current period. to record the potential bad debts, phantom would debit:

a. allowance for doubtful accounts for $45,000.
b. allowance for doubtful accounts for $50,250.
c. bad debt expense for $45,000.
d. bad debt expense for $50,250.

Thirty years ago daniel bought a plot of land for $50,000 when the cpi was 50. now the cpi is 180 and he sold the land for $180,000. what issue might inflation cause for daniel?

Teller co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during may. each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. manufacturing overhead is applied at a rate of 110% of direct labor costs. teller has 3,900 pounds of clay mix in beginning inventory and wants to have 4,500 pounds in ending inventory. what is the total amount to be budgeted for manufacturing overhead for the month?

Zoe would like to be able to save for night courses at the local college. which of these would be a good way for zoe to make more money available for savings without dramatically changing her budget? economía