Foster co. adjusted its allowance for uncollectible accounts at year-end. the general ledger balances for the accounts receivable and the related allowance account were $1,000,000 and $40,000, respectively. foster uses the percentage-of-receivables method to estimate its allowance for uncollectible accounts. accounts receivable were estimated to be 5% uncollectible. what amount should foster record as an adjustment to its allowance for uncollectible accounts at year-end?
a. $10,000 increase.
b. $10,000 decrease.
c. $50,000 decrease.
d. $50,000 increase.

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84

Which of the following best describes why you need to establish goals for your program?

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)