According to its form 10-k, hassell recorded bad debt expense of $110 and there were no bad debt recoveries during the current year. (hint: refer to the summary of the effects of accounting for bad debts on the accounts receivable (gross) and the allowance for doubtful accounts t-accounts. use the t-accounts to solve for the missing values.) required: 1. what amount of bad debts was written off during the current year? 2. based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of hassell’s sales during the period were on open account.

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?

Why is efficiency an important economic goal?