Organic foods in local stores are typically more expensive than conventional foods. The table below compares recent organic and conventional prices per pound for carrots and apples. Use the table to answer the questions. A table showing the first column, Organic Price and the second column, Conventional Price. The first row is Carrots with the entries, $1. 51 per pound and $0. 77 per pound. The second row is Apples with the entries $2. 34 per pound and $1. 57 per pound. The third row is Onions with the entries $1. 57 per pound and $0. 93 per pound. Do the organic prices vary directly with the conventional prices? If so, identify k. Does the total cost of organic apples vary directly with the number of pounds of organic apples purchased? If so, identify k.

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?