Ballman Company has the following information regarding receivables at the end of the current year: 1 – 30 days past due $1,000 31 – 60 days past due 200 Over 60 days past due 100 Using the aging-of-receivable method, Ballman has determined the following percentages for expected uncollectiblity: 1 – 30 days past due 1% 31 – 60 days past due 5% Over 60 days past due 20% What is the amount that should be in the Allowance for Bad Debts at the end of the year?

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.

To determine her power usage, samantha divides up her day into three parts: morning, afternoon, and evening. she then measures her power usage at 3 randomly selected times during each part of the day.

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