Ms. moceanu owns a car that she does not plan to use next month. the car depreciates $30 per month if it's not driven and $60 per month if it is driven. a friend asks to rent the car for one month and agrees to pay for gas and maintenance. assuming ms. moceanu is a rational decision maker, indicate the minimum monthly fee that would induce her to rent the car. a. $90.01 b. $60.01 c. $.01, even a low price is better than leaving the car idle d. $30.01

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?

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