Domino company uses the percent of receivables method to estimate uncollectible accounts expense.
domino began 2016 with balances in accounts receivable and allowance for doubtful accounts of $76,500 and $5,800, respectively.
during the year, the company wrote off $4,640 in uncollectible accounts.
in preparation for the company's 2016 estimate, domino prepared the following aging schedule: number of days past due receivables amount % likely to be uncollectiblecurrent $ 104,000 1%0-30 45,000 5%31-60 9,920 10%61-90 4,440 25%over 90 3,800 50%total $ 167,160 what will domino record as uncollectible accounts expense for 2016? a)$6,132b)$1,512c)$7,292d)$4,640

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)