When a firm writes off a bad debt under the allowance method of accounting for bad debts:
a. the realizable value of accounts receivable decreases.
b. total net current assets will decrease.
c. the Cash account will decrease.
d. the realizable value of accounts receivable will not change.
e. net income will decrease, expenses will increase.
d
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______ approach uses the formula to determine the number of direct hours required to produce the nth units.
Formula=
A. The arithmetic approach
B. Using a table of learning curve coefficient values
C. The logarithmic formula approach
D. The quadratic formula approach
The maximum amount that can be contributed to an IRA is:
A) 2% of your salary or $4,000, whichever is less B) $3,000 in 2012, and $5,000 after 2012 C) $5,000 in 2012 D) $6,000 in 2012, and then it increases $500 per year through 2020