What is a future value of this cash flow stream: $250 at the end of year 1, -$350 after two years, $1,500 after 3 years, $1,000 after 4 years, $600 after 5 years if the appropriate interest rate is 4.00%.

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false