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k0ka [10]
3 years ago
10

2-3 personal experience of exploitation as a consumer

Business
1 answer:
Scilla [17]3 years ago
3 0

Answer:

<u>Explanation</u>:

Exploitation often involves a denial of an individual's right (in this case a consumer's right).

Consumers are often exploited in this three areas:

Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.

High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.

False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.

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Account titles and explanation       Debit                 Credit

bad debt expense                           $16,800  

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Aging of accounts =5% of accounts receivable

Which is 360,000 x 5% = 18,000 expected allowance

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Account titles and explanation       Debit                 Credit

bad debt expense                           $16,800  

allowance for d doubtful account                                $16,800

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