Personal possession of currency is prohibited in u. s. prisons, although, in practice, prisoners still exchange goods and services. until 2003, the year in which the u. s. government banned smoking in federal penitentiaries, cigarettes were the preferred medium of exchange among prisoners. one important difference between using cigarettes and using dollars as money is

Your take on decision making process

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)