At the beginning of the current period, marigold corp. had balances in accounts receivable of $204,500 and in allowance for doubtful accounts of $8,620 (credit). during the period, it had net credit sales of $836,300 and collections of $706,700. it wrote off as uncollectible accounts receivable of $7,063. however, a $3,070 account previously written off as uncollectible was recovered before the end of the current period. uncollectible accounts are estimated to total $23,050 at the end of the period. (omit cost of goods sold entries.) collapse question part (a - d)

(a) prepare the entries to record sales and collections during the period.

(b) prepare the entry to record the write-off of uncollectible accounts during the period.

(c) prepare the entries to record the recovery of the uncollectible account during the period.

(d) prepare the entry to record bad debt expense for the period.

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

Reliability and validity reliability and validity are two important considerations that must be made with any type of data collection. reliability refers to the ability to consistently produce a given result. in the context of psychological research, this would mean that any instruments or tools used to collect data do so in consistent, reproducible ways. unfortunately, being consistent in measurement does not necessarily mean that you have measured something correctly. to illustrate this concept, consider a kitchen scale that would be used to measure the weight of cereal that you eat in the morning. if the scale is not properly calibrated, it may consistently under- or overestimate the amount of cereal that’s being measured. while the scale is highly reliable in producing consistent results (e.g., the same amount of cereal poured onto the scale produces the same reading each time), those results are incorrect. this is where validity comes into play. validity refers to the extent to which a given instrument or tool accurately measures what it’s supposed to measure. while any valid measure is by necessity reliable, the reverse is not necessarily true. researchers strive to use instruments that are both highly reliable and valid.

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?