Lani co. uses the allowance method to account for bad debts. at the end of 2010, their unadjusted trial balance shows an accounts receivable balance of $400,000; allowance for doubtful accounts balance of $400 (debit); and sales of $1,200,000. based on history, lani estimates that bad debts will be 1% of accounts receivable. the entry to record estimated bad debts will include a debit to bad debts expense in the amount of:

Resource x is necessary to the production of good y. if the price of resource x rises, the curve for good y will shift resulting in a(n) in the equilibrium price of y and a(n) in the equilibrium quantity of y. a. supply; leftward; increase; increase b. demand; leftward; decrease; decrease c. supply; rightward; decrease; increase. d. demand; rightward; increase; increase e. supply; leftward; increase; decrease