Realturf is considering purchasing an automatic sprinkler system for its sod farm by borrowing the entire $65,000 purchase price. the loan would be repaid with four equal annual payments at an interest rate of 12%/year. it is anticipated that the sprinkler system would be used for 9 years and then sold for a salvage value of $9,000. annual operating and maintenance expenses for the system over the 9-year life are estimated to be $13,000 per year. if the new system is purchased, cost savings of $25,000 per year will be realized over the present manual watering system. realturf uses a marr of 15%/year for economic decision making. show the internal rate of return used to reach your decision:

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?