Ccorporation is investigating automating a process by purchasing a machine for $810,000 that would have a 9 year useful life and no salvage value. by automating the process, the company would save $142,000 per year in cash operating costs. the new machine would replace some old equipment that would be sold for scrap now, yielding $23,000. the annual depreciation on the new machine would be $90,000. the simple rate of return on the investment is closest to (ignore income taxes.):

The manda panda company uses the allowance method to account for bad debts. at the beginning of 2018, the allowance account had a credit balance of $92,400. credit sales for 2018 totaled $3,190,000 and the year-end accounts receivable balance was $507,500. during this year, $88,500 in receivables were determined to be uncollectible. manda panda anticipates that 3% of all credit sales will ultimately become uncollectible. the fiscal year ends on december 31. required: 1. does this situation describe a loss contingency? 2. what is the bad debt expense that manda panda should report in its 2018 income statement? 3. prepare the appropriate journal entry to record the contingency. 4. complete the table below to calculate the net realizable value manda panda should report in its 2018 balance sheet?