Hancock Medical Supply Company, which had no beginning balance in its Accounts Receivable and Allowance for Doubtful Accounts, recognized $160,000 of service revenue on account during Year 1. During Year 1, Hancock collected $128,000 of cash from accounts receivable. The company estimates that it will be unable to collect 1% of revenue on account. The amount of net realizable value of receivables on the December 31, Year 1 balance sheet would be:

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Atrough in the business cycle occurs when

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively