Entry for Uncollectible Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are given below.

Age Interval
Balance Estimated Uncollectible
Accounts Percent Estimated Uncollectible
Accounts Amount
Not past due $898,000 3/4 % $6,735
1-30 days past due 98,800 3 2,964
31-60 days past due 44,900 6 2,694
61-90 days past due 32,300 17 5,491
91-180 days past due 23,300 40 9,320
Over 180 days past due 17,100 65 11,115
Total $1,114,400 $38,319

Assume that the allowance for doubtful accounts for Outlaw Bike Co. had a debit balance of $6,895 as of December 31.

Journalize the adjusting entry for uncollectible accounts as of December 31.

Dec. 31

Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.

What are two benefits of consumer programs

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.