On december 31, 2018, larry's used cars had balances in accounts receivable and allowance for uncollectible accounts of $75,000 and $1,250, respectively. during 2019, larry's wrote off $2,175 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $5,150 at december 31, 2019. bad debt expense for 2019 would be:

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.