Which of the following scenarios best describes the impact ethical factors can have on the law of supply and demand? A. A coffee company must raise prices in order to offset losses caused by an earthquake that destroyed crops and injured farmers B. A bottling company conducts massive layoffs when an advance in robotics enables the company to streamline the bottling process. C. Use of a social media company's product declines after an article reveals the company has been collecting user data without permission D. An apparel company decides to move production to another country, where the costs of production and shipping are lower.

The manda panda company uses the allowance method to account for bad debts. at the beginning of 2018, the allowance account had a credit balance of $92,400. credit sales for 2018 totaled $3,190,000 and the year-end accounts receivable balance was $507,500. during this year, $88,500 in receivables were determined to be uncollectible. manda panda anticipates that 3% of all credit sales will ultimately become uncollectible. the fiscal year ends on december 31. required: 1. does this situation describe a loss contingency? 2. what is the bad debt expense that manda panda should report in its 2018 income statement? 3. prepare the appropriate journal entry to record the contingency. 4. complete the table below to calculate the net realizable value manda panda should report in its 2018 balance sheet?