Clark Company estimated the net realizable value of its accounts receivable as of December 31, 2019, to be $170,000, based on an aging schedule of accounts receivable. Clark has also provided the following information: The accounts receivable balance on December 31, 2019 was $181,000. Uncollectible accounts receivable written off during 2019 totaled $12,500. The allowance for doubtful accounts balance on January 1, 2019 was $16,000. How much is Clark's 2019 bad debt expense

$7,500

Explanation:

Calculation to determine How much is Clark's 2019 bad debt expense

First step is to calculate the Allowance for Doubtful Accounts balance

Allowance for Doubtful Accounts balance=

$181,000-$170,000

Allowance for Doubtful Accounts balance=$11,000

Second step is to calculate the amount to be written off

Written off=$16,000-$12,500

Written off=-$3,500

Now let calculate the bad debt expense

Bad debt expense=$11,000-$3,500

Bad debt expense=$7,500

Therefore How much is Clark's 2019 bad debt expense is $7,500

our agriculture industry and our business industry

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.