Jason takes out a 15-year loan, which is repaid with annual payments at the end of each year. He repays the loan by making payments which are equal to X during years 1-5, 3X during years 6-10, and 2X during years 11-15. Interest is charged on the loan at an annual effective rate of i, i>0. The amount of interest repaid during year 6 is twice as much as the amount of interest repaid during year 11. Calculate i.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)