Upon reviewing Myert Company's Statement of Cash Flows, the following was noted: Cash flows from operating activities$ 60,000 Cash flows from investing activities(125,000) Cash flows from financing activities115,000 From this information, the most likely explanation is that this company is a. using cash from operations and borrowing to purchase long-term assets. b. using cash from investors to provide for operations. c. using cash from operations and selling long-term assets to pay back debt. d. using its profits to expand growth.

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?