The city of flowertown (pop: 135) produces and consumes two goods: cereal and milk. it produced these goods in the following amounts during 2015, 2016, and 2017. year cereal milk - quantity price quantity price 2015 200 $1.25 160 $1.20 2016 225 $1.40 160 $1.25 2017 235 $1.45 180 $1.45 if 2015 is the base year then : a. the gdp deflator for 2015 is 100 and the gdp deflator for 2016 is 108.82. b. the gdp deflator for 2015 and 2016 both are 100. c. the gdp deflator for 2015 is 442.50 and the gdp deflator for 2016 is 225.40. d. the gdp deflator for 2015 is 440.32 and gdp deflator for 2016 is 315.

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)