Under the allowance method of accounting for uncollectible accounts,1. the net realizable value of accounts receivable is greater before an account is written off than after it is written off. 2.the net realizable value of accounts receivable in the balance sheet is the same before and after an account is written .off. 3.Allowance for Doubtful Accounts is closed each year to Income Summary 4.all of these 5.Bad Debt Expense is debited when a specific written off as uncollectible.

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.

Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility.output for facility 1: output for facility 2: c. determine the profit-maximizing price.$

The stock market is -the section of the newspaper where you learn how much a stock is worth -a place where you buy and sell stock -an organized way for people to buy and sell stocks -the same as a brokerage firm