Ace Co. prepared an aging of its accounts receivable at December 31, 2020 and determined that the net realizable value of the receivables was $300,000. Additional information is available as follows:information is available as follows:Allowance for uncollectible accounts at 1/1/12—credit balance $ 68,000Accounts written off as uncollectible during 2012 46,000Accounts receivable at 12/31/12 650,000Uncollectible accounts recovered during 2012 10,000For the year ended December 31, 2012, Ace's uncollectible accounts expense would bea. $50,000.b. $46,000.c. $32,000.d. $18,000.

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76