Under the allowance method of accounting for uncollectible accounts, bad debt expense is debited when a specific account is written off as uncollectible. allowance for doubtful accounts is closed each year to income summary. the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off. the cash realizable value of accounts receivable is greater before an account is written off than after it is written off.

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.

Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?

Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.