On january 1, 2014 the accounts receivable and the allowance for doubtful accounts carried balances of $30,000 and $500, respectively. during the year the company reported $75,000 of credit sales. there were $550 of receivables written-off as uncollectible in 2014. cash collections of receivables amounted to $74,550. the company estimates that it will be unable to collect one percent (1%) of credit sales. the amount of uncollectible accounts expense recognized in the 2014 income statement will be? $700 $300. $750. $550.

Experienced problem solvers always consider both the value and units of their answer to a problem. why?

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.

During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?