Clark Company estimated the net realizable value of its accounts receivable as of December 31, 2014, to be $180,000 based on an aging schedule of accounts receivable. Clark has also provided the following information: the accounts receivable balance on December 31, 2014 was $193,000. Uncollectible accounts receivable written-off during 2014 totaled $13,500. the allowance for doubtful accounts balance on January 1, 2014 was $18,000. How much is Clark's 2014 bad debt expense? a. $13,000 b. $4,500 c. $17,500 d. $8,500

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.