Wang corporation follows generally accepted accounting principles in accounting for uncollectibles. wang received notification from a bankruptcy court that its customer, timber creek, had been adjudicated and released from all claims presently pending against it by wang corporation. frank wang, owner of wang corporation, was not at all with this decision. frank had anticipated recovering at least $50,000 from timber creek, and that balance remained in the accounts receivable accounts of wang corporation. because wang corporation has no further remedies for collection, frank directed the accounting department to prepare a journal entry to write off the account of timber creek.

Which of the following is a primary concern of top managers? a)supervising nonmanagerial employees b)deciding which goods a company should produce c)supervising first-line managers d)developing and fine-tuning employee skills e)training, motivating, and rewarding salespeople.

Atlas manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. currently atlas produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. what is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change? a. total manufacturing costs will increase and unit manufacturing costs will also increase. b. total manufacturing costs will stay the same and unit manufacturing costs will stay the same. c. total manufacturing costs will increase and unit manufacturing costs will decrease. d. total manufacturing costs will increase and unit manufacturing costs will stay the same.

What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4