The following aging information pertains to Jacobsen Co.'s accounts receivable at December 31, 2021. Days Outstanding Amount Estimated % Uncollectible
0-30 420,000 2%
31-60 140,000 5%
61-120 100,000 10%
Over 120 120,000 20%

During 2021, Jacobsen wrote off $18,000 in receivables and recovered $6,000 that had been written off in prior years. Jacobsen's December 31, 2020, allowance for uncollectible accounts was $40,000. Using the balance sheet approach, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2021?

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Rats that received electric shocks were unlikely to develop ulcers if the