Answer:
Explanation:
Failure of credit customers to pay their bills is considered a bad debt in Accounting. This is recored as a bad debt expense in journal entries in the <em>period when the credit sale occurred</em>. This ensures that these bad debt expense matches the revenues earned during that period. In a company's financial statements, bad debt expense is recorded in the Income statement as <em>selling expenses.</em>
False. A great example would be North Korea compared to the United States. In the United States we have the Freedom to Speech so we also have the the opportunity for news and social media where you can post pretty much anything. North Korea on the other hand lacks informing their own people and their own people lacks a stable and healthy government. We don’t know a lot about North Korea and they don’t know anything at all about us or the rest of the world.
Answer:
No
Amos McCoy is earning an economic loss. His implicit cost ($200) is greater than his accounting profit ($100)
Explanation:
Economic profit it accounting profit less implicit cost.
Accounting profit is total revenue less total cost or explicit cost.
Implicit costs are opportunity costs.
Economic profit = $100 - $200 = $-100
Amos McCoy Is making an economic loss of $-100
I hope my answer helps you.
Answer: b. Is the Chinese food that you gave up when you chose to eat Italian food.
Explanation: Opportunity cost refers to the cost of the next best alternative foregone or sacrificed. When an individual chooses to take a certain action, then his opportunity cost of doing that will be the alternatives that he has foregone.
IT can be expresses as,

When the individual chooses Chinese food when he could have choose to eat Italian food, his opportunity cost will be the Chinese food that you gave up.
For other options there is no information on what was given up.
Answer:
The principles of management are same.
Explanation:
Whatever industry the company is operating in, the way the company is managed is the same regardless the size, industry and motive of the company.