You are the chief accountant for zm corp., which is located in illinois. in november 2017, that state had the second highest unemployment rate in the midwest: 4.9% (down from 6.1% in january 2015).1 for the past few years, you have noticed that the company's bad debt rate has been about 7% of year-end accounts receivable. that rate of bad debts has severely affected the company's profitability…especially since management has steadily been lowering the standards for granting credit to customers.

Acontractor was awarded a purchase order for commercial items for $1.5 million under the authority of far subpart 13.5. the purchase order was issued in november 2010 and containedall applicable clauses that were current as of the date of the purchase order. under the purchase order, the contractor is required to comply with a small business subcontracting plan that contains all of the required elements. which of the following is true? a.the contractor must submit a standard form 294, subcontracting report for individual contracts. b.the contractor must submit an individual subcontracting report through the electronic subcontracting reporting system (esrs). c.the contractor may submit either an sf 294 or report its subcontracting through esrs. d.the contractor is not required to submit any subcontracting reports.