Exercise 9 Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to beer. The price elasticity of supply of liquor is 4 ​, and the price elasticity of demand is negative 0.4 . The​ cross-elasticity of demand for beer with respect to the price of liquor is 0.1. If the new tax is​ imposed, who will bear the greater burdenlong dash liquor suppliers or liquor​ consumers? Liquor consumers pay nothing percent and liquor suppliers pay nothing percent of the tax. ​(Enter your responses rounded to one decimal place.​) Enter your answer in the edit fields and then click Check Answer. 1 part remaining

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?