Determine the bad debt expense for year 2 based on the preceding facts. (hint: use the allowance for doubtful accounts t-account to solve for the missing value.) (enter your answers in thousands not in dollars.)2. working capital is defined as current assets minus current liabilities. would the working capital be affected by the write-off of an uncollectible account? 3. would the net income be affected by the $821,000 write-off during year 2?

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.