Distributors add value to a supply chain between a supply stage and a customer stage
A) if there is a small number of customers requiring a large amount of product.
B) if there is a large number of customers requiring a large amount of product.
C) if there are many small players at the customer stage, each requiring a small amount of the product at a time.
D) if there are a few large players at the customer stage, each requiring a large amount of the product at a time.
Answer: C
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The Allowance for Bad Debts account has a credit balance of $4000 before the adjusting entry for bad debts expense. The company's management estimates that 5% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $280,000. What is the amount of Bad Debts Expense reported on the income statement for 2019?
A) $14,000 B) $18,000 C) $7000 D) $10,000
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Indicate whether the statement is true or false
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A) arc. B) branch. C) source. D) mouth. E) sink.
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A. gross income B. social class C. disposable income D. cost of living E. inflation index