Glendale Inc reports the following on its balance sheet: Accounts receivable, gross $328,000 Less: allowance for uncollectible accounts (21,720) Accounts receivable, net $306,280 One customer owes Glendale Inc $4,600 and declares bankruptcy. Glendale Inc will not be able to recover any money from the customer. What would happen to Glendale Inc

How does knowing about supply and demand

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49