Which statement below best answers the economic question how to produce? marco's products sell at prices ranging between $2 and $125. marco sells his products at art shows, online, and by word of mouth. marco uses locally harvested wood from a sustainable tree farm to make his products. marco works as an independent artisan, crafting wooden figurines, toys, and games.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)