All of the following are difficulties associated with selling to government buyers EXCEPT ________
A) excessive paperwork
B) bureaucracy
C) strict regulations
D) high advertising costs
E) decision-making delays
D
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The following information is from the records of Pangolin Camera Shop
Accounts Receivable, December 31, 2017 $24,000 (debit) Allowance for Bad Debts, December 31, 2017 prior to adjustment 500 (debit) Net credit sales for 2017 93,000 Accounts written off as uncollectible during 2017 350 Bad expense is estimated by the aging-of-receivables method. Management estimates that $3,050 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad debts. A) $21,450 B) $20,950 C) $20,450 D) $20,100
Which approach should be used to appraise a 12-year-old, single-family home in a residential neighborhood?
A) Sales comparison approach B) Cost approach C) Income approach D) Gross rent multiples method