When a company uses the allowance method to measure bad debts, a. the allowance for bad debts account is debited when the bad debts expense is estimated b. the bad debts expense account is debited when an account is written off c. the allowance for bad debts account balance is added to the balance of the accounts receivable account to arrive at the net realizable value d. the amount of bad debts expense is estimated at the end of the accounting period?

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Azster inc. recorded sales revenue for the year that ended december 31, 2014 as $67,000. interest revenue of $5,300 and expenses of $14,000 were also recorded for the same period. what is aster’s net profit or loss?

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.