On january 1, 2017, novak corp. had accounts receivable of $54,300 and allowance for doubtful accounts of $3,700. novak corp. prepares financial statements annually. during the year, the following selected transactions occurred:
jan. 5 sold $3,600 of merchandise to rian company, terms n/30.
feb. 2 accepted a $3,600, 4-month, 9% promissory note from rian company for
balance due.
12 sold $10,800 of merchandise to cato company and accepted
cato’s $10,800, 2-month, 10% note for the
balance due.
26 sold $12,200 of merchandise to malcolm co., terms n/10.
apr. 5 accepted a $12,200, 3-month, 9% note from malcolm co. for balance due.
12 collected cato company note in full.
june 2 collected rian company note in full.
15 sold $2,000 of merchandise to gerri inc. and accepted a $2,000,
6-month, 13% note for the amount due.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

the answer is account d

answer decisions made by individual households and firms;