Answer:
Bad debt expense is recorded in the same year as the credit sale.
Explanation:
Allowance method is generally refer to one of the ways for reporting the uncollectible or bad debt expense which results from a company selling the goods on credit.
This method is used for the process or procedure of uncollectible accounts receivable that records the estimate of the bad debt expense in the same accounting year to which is belongs as the sale. This method is used for adjust the accounts receivable appears on the balance sheet of the company.
Answer: The Answer IS A.
Explanation: fail to Intersect
Answer:
Pure competition
Explanation:
Pure competition refers to an ideal market with very many suppliers selling an identical product. Because the sellers are many, none of them can influence the price. Pure competition is also the perfect competition. Other characteristics of perfect competition include.
- easy to enter and exit the market since there are no trade barriers
- All sellers sell a homogeneous product
- all sellers are price takers
- There are many buyers.
- Buyers have sufficient knowledge of prices and suppliers.
Answer:
economies of scale.
Explanation:
Economies of scale -
It refers to the edge over the cost of the company , which is due to the very efficient production rate , is refer to as economies of scale .
Economies of scale can be both external and internal .
This process can be done by increasing the production of the goods and services , and thereby reducing the overall cost of the product , and more number of consumers will try to grab the product , and hence ,
The profit of the company will increasers .
Hence , from the given scenario of the question ,
The correct answer is economies of scale .