Castle company provides estimates for its uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $18,130 at the beginning of 2021 and a $24,110 credit balance at the end of 2021 (after adjusting entries). if the direct write-off method had been used to account for uncollectible accounts (bad debt expense equals actual write-offs), the income statement for 2021 would have included bad debt expense of $18,800 and revenue of $3,900 from the collection of previously written off bad debts.

determine bad debt expense for 2021 according to the allowance method.

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)