During the year, credit sales amounted to $800,000. cash collected on credit sales amounted to $760,000 and $18,000 has been written off. at the end of the year, company adjusted for bad debts expense using the aging method. the amount estimated as uncollectible was $25,000. the ending balance in bad debts expense would be:

Markets and competition in a perfectly competitive market, all producers sell identical goods or services. additionally, there are many buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricetakers . true or false: the market for lettuce does exhibit the two primary characteristics that define perfectly competitive markets. true false