The following transactions occurred over the months of september to december at nicole’s getaway spa (ngs).

september
sold spa merchandise to ashley welch beauty for $1,600 on account; the cost of these goods to ngs was $820.

october
sold merchandise to kelly fast nail gallery for $370 on account; the cost of these goods to ngs was $160.

november
sold merchandise to raea gooding wellness for $220 on account; the cost of these goods to ngs was $150.

december
received $1,080 from ashley welch beauty for payment on its account.

estimate the allowance for doubtful accounts required at december 31, assuming the only receivables outstanding at december 31 arise from the transactions listed above. ngs uses the aging of accounts receivable method with the following uncollectible rates: one month, 1%; two months, 5%; three months, 20%; more than three months, 40%. the allowance for doubtful accounts balance was $46 (credit) before the end-of-period adjusting entry is made. prepare the journal entry to account for the bad debt expense.

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner