Sunland Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $597000 and credit sales are $2740000. Management estimates that 3% of accounts receivable will be uncollectible. What adjusting entry will Sunland Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $5400 credit balance before adjustment

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots

Afarmer is an example of what kind of producer?