Smc had a 1/1/14 balance in the allowance for doubtful accounts of $20,000. during 2014, it wrote off $14,400 of accounts and collected $4,200 on accounts previously written off. the balance in accounts receivable was $400,000 at 1/1 and $480,000 at 12/31. at 12/31/14, smc estimates that 5% of accounts receivable will prove to be uncollectible. what is bad debt expense for 2014? a. $4,000.b. $14,200.c. $18,400.d. $24,000.

Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

Which of the following would cause a shift to the right of the supply curve for gasoline? i. a large increase in the price of public transportation. ii. a large decrease in the price of automobiles. iii. a large reduction in the costs of producing gasoline