On december 31, year 1, the loudoun corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. loudoun uses the allowance method of accounting for uncollectible accounts. in february of year 2, one of loudoun's customers failed to pay his $1,050 account and the account was written off. on april 4, year 2, this customer paid loudoun the $1,050. which of the following answers correctly states the effect of loudoun’s recording the reestablishment of the receivable on april 4, year 2? assets = liab. + equity rev. − expenses = net inc. cash flow a. na = 1,050 + (1,050 ) na − 1,050 = (1,050 ) na b. 1,050 = na + 1,050 1,050 − na = 1,050 1,050 oa c. (1,050 ) = na + (1,050 ) na − 1,050 = (1,050 ) na d. na = na + na na − na = na na

The amberssen specialty company is a chain of twelve retail stores that sell a variety of imported gift items, gourmet chocolates, cheeses, and wines in the toronto area. amberssen has an is staff of three people who have created a simple but effective information system of networked point-of-sale registers at the stores and a centralized accounting system at the company head- quarters. harry hilman, the head of amberssens is group, has just received the following memo from bill amberssen, sales director (and son of amberssen’s founder). harry—it’s time amberssen specialty launched itself on the internet. many of our competitors are already there, selling to customers without the expense of a retail storefront, and we should be there too. i project that we could double or triple our annual revenues by selling our products on the internet. i’d like to have this ready by - giving, in time for the prime holiday gift-shopping season. bill after pondering this memo for several days, harry scheduled a meeting with bill so that he could clarify bill’s vision of this venture. using the standard con- tent of a system request as your guide, prepare a list of questions that harry needs to have answered about this project.

Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries

Digitalhealth electronics inc. is a company that builds diagnostic devices. it was the first company to develop a compact mri scanner by reconfiguring the components of the mri technology. this smaller and user-friendly version of the huge mri scanner created demand from small hospitals, nursing homes, and private practice doctors who were earlier dependent on the scanning machines in large hospitals. which of the following types of innovations does this scenario best illustrate? a. disruptive innovation b. incremental innovation c. radical innovation d. architectural innovation