Anton blair is the manager of a medium-size company. a few years ago, blair persuaded the owner to base a part of his compensation on the net income the company earns each year. each december he estimates year-end financial figures in anticipation of the bonus he will receive. if the bonus is not as high as he would like, he offers several recommendation to the accountant for year-end adjustments. one of his favorite recommentdations is for the controller to reduce the estimate of doubtful accounts.

1. what effect does lowering the estimate for doubtful accounts have on the income statement and balance sheet?

2. do you believe blair's recommendation to adjust the allowance for doubtful accounts is within his right as manager, or do you believe this action is an ethics violation? justify you response.

3. what type of internal controls might be useful for this company in overseeing the managers recommendations for accounting changes?

You decide that structural changes must be made at holden evans immediately to deal with the additional product lines. equipment and employees will have to be moved around to optimize production of all of the products in house. this shouldn't be too difficult because many of the vitamins and supplements are produced using similar processes. you have several options available to facilitate this process. which of the following methods do you think is the best choice? select an option from the choices below and click submit. because the changes may result in the loss of several key employees, you hire outside consultants who specialize in hr law. this way any employee terminations will not result in lawsuits. you select an outside consulting firm that your company has never worked with before, but it has a reputation for using new technology in product lines that are similar to yours. you select several trusted managers to facilitate the transition of operations from overseas. these individuals can gather information and also smooth any rough spots that may occur.

Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:

Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. the seller announced that the highest bid in excess of $9,500 will be accepted. assume that the competitor's bid x is a random variable that is uniformly distributed between $9,500 and $15,500. suppose you bid $12,000. what is the probability that your bid will be accepted?