Which of the following best describes the united states?

a. it has a market economy with no government regulation. this is the only system that can work with a government run by the people.

b. it has a command economy. a large nation like the united states needs the government to control all growth of business to prevent problems.

c. it has a traditional economy. most communities are focused on providing their own needs with the resources available in the local area.

d. it has a mixed economy. the government protects individual rights, such as minimum pay for work and choices in goods and services.

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?