Lafond company analyzes its accounts receivable at december 31, and arrives at the aged categories below along with the percentages that are estimated as uncollectible.

age group accounts receivable estimated loss %

0-30 days past due $ 180,000 1%

31-60 days past due 40,000 2

61-120 days past due 22,000 5

121-180 12,000 10

over 180 days past due 8,000 25

total accounts receivable $ 262,000

the unused balance of the allowance for uncollectible accounts on december 31, before any adjustments, is $1,040.

(a) what amount of bad debts expense will lafond report in its income statement for the year?

answer; vertical marketing system;

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answer; blank (1) hrm specialists,blank(2); line managers;

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.