On december 31, 2017, extreme fitness has adjusted balances of $870,000 in accounts receivable and $69,000 in allowance for doubtful accounts. on january 2, 2018, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $17,000. what amount would the company report as its net accounts receivable on december 31, 2017? prepare the journal entry to write off the accounts on january 2, 2018. assuming no other transactions occurred between december 31, 2017, and january 3, 2018, what amount would the company report as its net accounts receivable on january 3, 2018? has net accounts receivable changed from december 31, 2017?

The law of demand is the assertion that ?

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct. d.

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?