Aregional manager at gnc, a chain of retail stores selling nutritional supplements, is reviewing sales data after a recent in-store promotion. the data show success in some stores and limited response in others. the manager will probably next review the company's:.a. financial statements, to investigate current and past profits. b. brand awareness study, to assess national levels of awareness. c. implementation programs, to see if the promotion was handled consistently in the different stores. d. results for other product lines, to see how important diet products are to the firm. e. analysis of national trends in vitamins and herbal supplements, to predict future sales.

The manda panda company uses the allowance method to account for bad debts. at the beginning of 2018, the allowance account had a credit balance of $92,400. credit sales for 2018 totaled $3,190,000 and the year-end accounts receivable balance was $507,500. during this year, $88,500 in receivables were determined to be uncollectible. manda panda anticipates that 3% of all credit sales will ultimately become uncollectible. the fiscal year ends on december 31. required: 1. does this situation describe a loss contingency? 2. what is the bad debt expense that manda panda should report in its 2018 income statement? 3. prepare the appropriate journal entry to record the contingency. 4. complete the table below to calculate the net realizable value manda panda should report in its 2018 balance sheet?