When a company uses the allowance method to measure bad debts, a. the normal balance in the allowance for bad debts account is a debit b. the amount of bad debts expense is estimated at the end of the accounting period c. the bad debts expense account is debited when an account is written off d. the amount of bad debts expense is not estimated at the end of the accounting period?

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?