You have financial control responsibility for a start-up. Under the rules of accounting, assets must equal liabilities plus owner's equity. You have $4,500 in cash and $18,000 in inventory; both are assets. You have a bank loan of $3,200 (liability) and owner's equity of $18,100. How much money do you have that is unaccounted for?

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)