The Delphi method of forecasting is useful when:
A) judgment and opinion are the only bases for making informed projections.
B) a systematic approach to creating and testing hypotheses is needed and the data are usually gathered by sending a questionnaire to consumers.
C) historical data are available and the relationship between the factor to be forecast and other external or internal factors can be identified.
D) historical data is available and the best basis for making projections is to use past demand patterns.
A
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Brickman Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $1,000. During the year Brickman wrote off uncollectible recievables of $2,100. Brickman recorded Bad Debts Expense of $2,700. What is Brickman's year-end balance in Allowance for Bad Debts?
a.) $1,600 b.)$4,800 c.)$3,700 d.)$600
Which of the following is not a situation where the optional Clause addendum would be used?
A. Arranging for maintenance for the property until the buyer takes possession B. providing noticed that items on the property maybe least C. Including items of personal property in the sale D. Seller financing