A trial balance before adjustments included the following: Debit Credit Sales $1650000 Sales returns and allowance $54000 Accounts receivable 167000 Allowance for doubtful accounts 2600 If the estimate of uncollectibles accounts is made by taking 8% of gross account receivables, the amount of the adjustmentGive journal entries assuming that the estimate of uncollectibles is determined by taking(1) 6% of gross accounts receivable
(2) 1% of net sales.

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces