Jay Company uses the total cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 38,400 units of Product E are as follows: Variable costs:
Direct materials $4.70
Direct labor 2.50
Factory overhead 1.90
Selling and administrative expenses 2.60
Total $11.70

Fixed costs:
Factory overhead $80,000
Selling and administrative expenses 14,000

Jay desires a profit equal to a 14% rate of return on invested assets of $640,000.

a. Determine the amount of desired profit from the production and sale of Product E: $
b. Determine the total costs and the cost amount per unit for the production and sale of 38,400 units of Product E: Cost amount per unit: Round to two decimal places. Total costs: $ $
c. Determine the markup percentage for Product E: Round to one decimal place.%
d. Determine the selling price of Product E: Round to two decimal places. $

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?