On its December 31, Year 2, balance sheet, Red Rock Candle Company reported accounts receivable of $855,000 net of an allowance for doubtful accounts of $45,000. On December 31, Year 3, Red Rock's balance sheet showed gross accounts receivable of $922,000, and Red Rock's income statement reported credit sales of $3,000,000. During the year, accounts receivable of $35,000 were written off and $18,000 were recovered. Based on past experience, 5% of Red Rock's ending accounts receivable are uncollectible. How much should Red Rock report as bad debt expense on its Year 3 income statement?

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.