The following selected information is from company a's year 2 and year 3 financial statements: january 1, year 2, accounts receivable $20,000 bad debt expense recognized in year 2 1,480 accounts receivable written off in year 2 1,000 january 1, year 2, allowance for uncollectible accounts 800 credit sales in year 2 95,000 accounts receivable written off in year 3 2,000 credit sales in year 3 100,000 cash collected from customers in year 3 85,000 the company uses the balance-sheet approach to calculate the allowance for uncollectible accounts. the company estimates that 4% of its gross accounts receivable will become uncollectible. during years 2 and 3, no accounts previously written off were collected. complete company a's balance sheet using the information above. enter the appropriate amounts in the designated cells below. enter all amounts as positive values. round all amounts to the nearest dollar. if no entry is necessary, enter a zero (0).

The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.