Modern Designs is a new business. During its first year of operations, credit sales were $41,000 and collections of credit sales were $37,000. One account, $675, was written off. Management uses the percent−of−sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. Bad debts expense for the first year of operations is .

Goods and services that can be used for the same purpose are and goods and services that are used together are

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false