What is the effect of bad debts on revenue recognition?

a. bad debts must be of a remote likelihood in order to recognize revenue.

b. bad debts are deducted from revenue to calculate net revenue on the income statement, similar to sales returns.

c. the seller must believe it is probable it will collect the amounts it is entitled to collect.

d. bad debts are ignored when determining whether to recognize revenue, but recognized as an expense on the income statement.

answer; organizational;

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

answerindustrial revolution;

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.