g Which of the following is true about the seller's duty of delivery? Select one: a. The contract of sale requires the seller to deliver the goods to the buyer's place of business. b. If the goods are covered by a negotiable warehouse receipt, the buyer must indorse the receipt. c. The buyer is required to officially notify the seller once he receives the goods. d. The seller's basic obligation is to tender delivery of goods that conform to the contract with the buyer.

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c. increase prices

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)