Gcm corporation had a 1/1/14 balance in the allowance for doubtful accounts of $25,000. during 2014, it wrote off $18,000 of accounts and collected $5,250 on accounts previously written off. the balance in accounts receivable was $500,000 at 1/1 and $600,000 at 12/31. at 12/31/14, gcm estimates that 5% of accounts receivable will prove to be uncollectible. what should gcm report as its allowance for doubtful accounts at 12/31/14? a. $12,000.b. $12,250.c. $17,250.d. $30,000.

You are an employee of an u.s. firm that produces personal computers in thailand and then exports them to the united states and other countries for sale. the personal computers were originally produced in thailand to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at that time were malaysia and hong kong. the u.s. government decides to impose punitive 100% ad valorem tariffs on imports of computers from thailand to punish the country for administrative trade barriers that restrict u.s. exports to thailand. how do you think your firm should respond? what does this tell you about the use of targeted trade barriers?

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?