g A company is evaluating a project requiring an initial cash outflow of $2 million. The investment will generate cash flows for a period of 5 years. If the firm launches the project immediately, then the after-tax cash flows will be $1 million per year. Alternatively, if the firm delays the launch by one year, then there is a 65% likelihood that the annual after-tax cash flows will be $1.5 million and a 35% likelihood that they will be $500,000. Using a discount rate of 10%, what is the value of the option to wait

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?