4. Raj and Simran are childhood friends. After completing their education they choose to pursue businesses of different nature. Raj has decided to setup a travel agency whereas Simran plans to establish a small manufacturing unit to produce paper made handicraft items. In context to above case: a) Identify the basic nature of the market offerings that both Raj and Simran plan to create through their respective businesses. b) Give any four differences between the concepts identified in part(a) of the question

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?