A company’s year-end balance in accounts receivable is $1,500,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $31,000. An aging of accounts receivable at the end of the year indicates a required allowance of $39,000. If bad debt expense for the year was $41,000, what was the amount of bad debts written off during the year?

Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d. select short-term savings instruments to lock in earnings at a current high rates.

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $