Which of the following methods of determining annual bad debt expense best achieves the matching concept?
a. Percentage of sales
b. Percentage of ending accounts receivable
c. Percentage of average accounts receivable
d. Direct write-off
Ans: a. Percentage of sales
Business
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What is an example of a company that practices dynamic pricing?
a) Amazon b) Sears c) Superstore d) Safeway
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Which of the following is not an example of a direct materials cost?
A) wood in a dining room table B) engine in an airplane C) glue used to manufacture furniture D) cd player in a new car
Business