Estimating doubtful accounts outlaw bike co. is a wholesaler of motorcycle supplies. an aging of the company's accounts receivable on december 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: estimate what the proper balance of the allowance for doubtful accounts should be as of december 31. outlaw bike co. estimation of uncollectible accounts december 31 age class balance percent uncollectible estimated uncollectible accounts amount not past due $616,000 3/4% $ 1-30 days past due 67,800 4% 31-60 days past due 30,800 9% 61-90 days past due 22,200 16% 91-180 days past due 16,000 40% over 180 days past due 11,700 65% total $764,500 $

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76