Answer:
it can fall into the food
Answer:
Particulars Amount
Provision for uncollectible $6,080 ($76000*8%)
Less: Provision already made <u>$1,000</u>
Provision to be made <u>$5,080</u>
Date Particulars Debit Credit
31-Dec Bad Debts $5,080
To Allowance for Doubtful Accounts $5,080
(Being the adjusting entry to estimate bad debts)
Answer:A pair of sandals.
Explanation:Its so obvious stating that the marginal utility derived from sandals is higher compared to the other two items. You maximize your utility by going for the item with highest satisfaction which is glaringly sandals.
You also maximize your utility by considering the item which is economica prudent to one needs or want.
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