When a company uses the allowance method of accounting for uncollectible receivables, which entry would not be found in the general journal? a. bad debt expense 500allowance for doubtful accounts 500b. bad debt expense 500accounts receivable – bob smith 500c. cash 300allowance for doubtful accounts 200accounts receivable – bob smith 500d. cash 500accounts receivable – bob smith 500

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.