Consider a monopoly whose total cost function is tc = 10 + 5q + 2.5q2 and whose marginal cost function is mc = 5 + 5q. the demand function for the firms good is p = 115 - 0.25q. the firm optimizes by producing the level of output that maximizes profit or minimizes loss. if the firm uses a uniform pricing strategy, then the firm will

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?