Ace Co. prepared an aging of its accounts receivable at December 31, 2020 and determined that the net realizable value of the receivables was $300,000. Additional information is available as follows:information is available as follows:Allowance for uncollectible accounts at 1/1/12—credit balance $ 68,000Accounts written off as uncollectible during 2012 46,000Accounts receivable at 12/31/12 650,000Uncollectible accounts recovered during 2012 10,000For the year ended December 31, 2012, Ace's uncollectible accounts expense would bea. $50,000.b. $46,000.c. $32,000.d. $18,000.

d. $18,000.

Explanation:

The computation of the uncollectible accounts expense is shown below;

But before that first we have to determine the credit balance in allowance for doubtful debts which is

= $650,000 - $600,000

= $50,000

Since all other data is given so we have to find out the actual credit balance in allowance for doubtful debts which is

= $68,000 - $46,000 + $10,000

= $32,000

So, the bad debt expense is

= $50,000 - $32,000

= $18,000

The net realizable value of the receivables is $600,000 instead of $300,000 as of $600,000, the options are provided

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer///the factor market;