Tobacco production is one of the more heavily subsidized industries in the united states. suppose that as a result of intense lobbying from health-related concerns, congress repeals the tobacco firms subsidies. which of the following scenarios would likely occur?
a. the tobacco firms supply curve would shift leftward, since it would now cost more to produce each level of output.
b. there would be a movement along the supply curve for tobacco, but the supply curve would not shift.
c. the tobacco firms supply curve would shift rightward, as it would now be cheaper to produce each level of output.
d. the tobacco firms would not experience any shift in their supply curves; subsidies dont affect output.

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?