Dwk foods [fictional company] has developed a line of cookies and candies sweetened exclusively with organic honey. although dwk is selling some of the products over the internet, in order to gain economies of scale the products must be sold in retail outlets as well. the main barrier to entry dwk is likely to encounter here is: a. government licensing and permits. b. access to distribution channels. c. consumers’ switching costs. d. cost disadvantages independent of scale.

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?