Colt company owns a machine that can produce two specialized products. production time for product tlx is three units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 4,000 units of product mtv. selling prices and variable costs per unit to produce the products follow. $s per unit product tlx product mtv selling price per unit $ 12.50 $ 7.50 variable costs per unit 3.75 4.50 determine the company's most profitable sales mix and the contribution margin that results from that sales mix. (round cost per unit answers to 2 decimal places.)

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?