Lafond company analyzes its accounts receivable at december 31, and arrives at the aged categories below along with the percentages that are estimated as uncollectible.

age group accounts receivable estimated loss %
0-30 days past due $ 180,000 1%
31-60 days past due 40,000 2
61-120 days past due 22,000 5
121-180 12,000 10
over 180 days past due 8,000 25
total accounts receivable $ 262,000

the unused balance of the allowance for uncollectible accounts on december 31, before any adjustments, is $1,040.
(a) what amount of bad debts expense will lafond report in its income statement for the year?

Lohn corporation is expected to pay the following dividends over the next four years: $18, $14, $13, and $8.50. afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. if the required return on the stock is 14 percent, what is the current share price?

Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $180,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)