Line Drive Apparel has outstanding accounts receivable totaling $856,000 as of December 31 and sales on credit during the year of $3.4 million. There is also a debit balance of $12,000 in the allowance for doubtful accounts and the company estimates that 2% of its net credit sales will be uncollectible. what will be the balance in the bad debt expense account after the year-end adjustment to record bad debt expense?

The law of demand is the assertion that ?

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots