Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The following information comes from the accounting records of Creek Co.: Cash sales $ 290,000 Credit sales 710,000 Total sales 1,000,000 Credit balance in the Allowance for Doubtful Accounts 8,000 Bad debt loss rate 3 % What is the estimate of bad debt expense?

Grace period is a period of time before the credit card company starts charging late fees.truefalse

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

Apharmaceutical packaging company (ppc) has decided to reorganize its processes into cells. the company has four different production operations, each requiring a unique piece of equipment. the names and functions of the four pieces of equipment are sort, count, place, and package. the company packages five different families of products (a, b, c, d, and e). the tables below indicate the demand (total units/day by product family), required operations, and operation cycle times for each product family. assume that any individual piece of equipment is available to operate 16 hours/day, but 2 hours (in total) are lost each day on each piece of equipment due to breaks and meetings when operators are not available to operate the equipment. how many minutes/day are available for production