Flyer company has provided the following information prior to any year-end bad debt adjustment: cash sales, $153,000 credit sales, $453,000 selling and administrative expenses, $113,000 sales returns and allowances, $33,000 gross profit, $493,000 accounts receivable, $140,000 sales discounts, $17,000 allowance for doubtful accounts credit balance, $1,500 flyer prepares an aging of accounts receivable and the result shows that 3% of accounts receivable is estimated to be uncollectible. what is the balance in the allowance for doubtful accounts after bad debt expense is recorded?

"in the electricity industry, low average total costs are obtained only through large-scale production. in other words, the initial cost of setting up all the necessary wiring makes it risky and, most likely, unprofitable for competitors to enter the market. throughout much of the 20th century, many people viewed south africa’s de beers group as a monopoly because it controlled a large percentage of diamond production and sales. patents are granted to inventors of a product or process for a certain number of years. the reason for this is to encourage innovation in the economy. without the existence of patents, it is argued, research and development for improved electronics is unlikely to take place, since there’s nothing preventing another firm from stealing the idea, copying the product, and producing it without incurring the devel opment costs."which of the following best explains the barriers to entry that exist in this scenario? increasing returns to scale legal barriers exclusive ownership of a necessary resource