The countries of North America produce approximately ________ percent of the world's output
A) 18
B) 26
C) 45
D) 52
Ans: B) 26
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The following information is from the 2017 records of Lane Bicycle Shop
Accounts receivable, December 31, 2017 $40,000 (debit) Allowance for Bad Debts, December 31, 2017 prior to adjustment 1,900 (debit) Net credit sales for 2017 177,000 Accounts written off as uncollectible during 2017 18,000 Cash sales during 2017 27,000 Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $5,000 of accounts receivable will be uncollectible. Calculate the ending balance of Allowance for Bad Debts, after the adjustment for bad debts expense, at December 31, 2017. A) $5,310 B) $8,800 C) $9,000 D) $5,000
Which set of supply chain flows is correctly described?
A) Funds flow only upstream but information flows both upstream and downstream in a supply chain. B) Product flows only downstream and information flows only upstream in a supply chain. C) Information and product both flow upstream and downstream in a supply chain. D) Funds flow both upstream and downstream but product flows only downstream in a supply chain.