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Gemiola [76]
2 years ago
11

A monopoly creates a deadweight loss to society because it produces less output than the socially efficient level.

Business
1 answer:
Akimi4 [234]2 years ago
3 0
The answer is a. True
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An account becomes uncollectible a.when an account receivable is converted into a note receivable b.There is no general rule for
vovangra [49]

Answer:

The correct answer is letter "B":  There is no general rule for when an account becomes uncollectible.

Explanation:

Accounts Uncollectible represent any form of debt as a result of sales on credit that are likely not to be paid. Before classifying debt as uncollectible there is an unset timeframe that may go by.  

At first, the sale on credit is considered an account receivable with a payment promise usually of 30 or 90 days. If three month passes but no payment is received, the account is considered aged receivables but if more time goes through without payment, the account then is labeled as doubtful.  

Doubtful accounts become allowances if the company decides to take care of the payment of the debt with its own profit. <em>There is no set rule when an account receivable becomes uncollectible. It relies on the judgment of the firm.</em>

8 0
3 years ago
The comparative balance sheets for Lowery Company show these changes in noncash current asset accounts: accounts receivable decr
alukav5142 [94]

Answer:

$198,000

Explanation:

The computation of the net cash provided by operating activities by using the indirect method is presented below:

Cash flow from operating activities

Net income $186,000

Add: Decrease in account receivable $80,000

Less: Increase in prepaid expense -$28,000

Less: Increase in inventories -$40,000

Net cash provided by operating activities    $198,000

3 0
3 years ago
A partnership intentionally created and recognized, orally or in writing is known as a(n) _____ partnership.
quester [9]
A partnership intentionally created and recognized, orally or in writing is known as a express partnership. 
hope this helps! 
8 0
3 years ago
Police agency positions in victim advocacy and statistical analysis are examples of ______ personnel.
UkoKoshka [18]

They are examples of non sworn personnel

6 0
3 years ago
The major parts of the Stockholders' Equity section of the balance sheet are
torisob [31]

The correct answer is choice D.

The Stockholders’ Equity section of the balance sheet includes stock, paid-iin capital and retained earnings.

5 0
3 years ago
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