Bonita Industries prepared an aging of its accounts receivable at December 31, 2020 and determined that the amount expected to be collected was $904000. Additional information is available as follows: Allowance for uncollectible accounts at 1/1/20âcredit balance $101500
Accounts written off as uncollectible during 2020 69500
Accounts receivable at 12/31/20 966500
Uncollectible accounts recovered during 2020 14000

For the year ended December 31, 2020, Bonita's bad debt expense would be:

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers. firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?