Journalize the following transactions using the allowance method of accounting for uncollectible receivables. april 1 sold merchandise on account to jim dobbs, $7,200. the cost of the merchandise is $5,400.june 10 received payment for one-third of the receivable from jim dobbs and wrote off the remainder. oct. 11 reinstated the account of jim dobbs and received cash in full payment.9. journalize the following transactions using the direct write-off method of accounting for uncollectible receivables. april 1 sold merchandise on account to jim dobbs, $7,200. the cost of the merchandise is $5,400.june 10 received payment for one-third of the receivable from jim dobbs and wrote off the remainder. oct. 11 reinstated the account of jim dobbs for and received cash in full payment.10. journalize the following transactions using the direct write-off method of accounting for uncollectible receivables: feb 20 received $1,000 from andrew warren and wrote off the remainder owed of $4,000 as uncollectible. may 10 reinstated the account of andrew warren and received $4,000 cash in full payment.

Elephant, inc.'s cost of goods sold for the year is $2,000,000, and the average merchandise inventory for the year is $129,000. calculate the inventory turnover ratio of the company. (round your answer to two decimal places.)

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics