Answer: Medium of exchange and measure of value
Explanation: Medium of exchange refers to the ability of the money to be taken as a common medium for exchange of goods and services in the form of sale and purchase.
Whereas, measure of value refers to the ability by which different goods and services could be compared in terms of money.
In the given case, Laura purchased a CD using money and also is comparing two commodities in terms of money to purchase.
Hence we can conclude that the given case illustrates Medium of exchange and measure of value .
Answer:
B) Jeremy is facing a moral, legal, and ethical decision.
Explanation:
Jeremy knows that what he is doing is not legal, since the legal limit for exhaust system noise is 95 decibels and he will alter the cars muffler so that it reaches 125. Besides that, he faces moral and ethical dilemmas because his business is not doing well and his son has just been diagnosed with cancer and he needs money and a lot of it.
54 is the smallest number that can be written as the sum of 3 squares in 3 ways. 55 is the largest .... 171 has the same number of digits in Roman numerals as its cube. ... 223 is the smallest prime p which has more primitive roots below p/2 than above p/2. .... 302 is the number of ways to play the first 3 moves in Checkers
Answer:
The answer is C.
Explanation:
Credit sales is $6,000
Bad debt is 3% of net credit sales which is $180($6,000 x3%)
Creating allowance for doubtful debt entry is one of the prudent method and it tells us that some customers won't pay part of what they are owing. And it is also a contra account that offset bad debt.
According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.
So we have have:
Dr Bad debt expense $180
Cr Allowance for Doubtful Accounts $180
