Which of These Is an Example of Time Utility

question 86

Multiple Choice

Which of these is an example of time utility?

• A) an iPhone with a "multitouch" user interface for easy navigation
• B) Goodwill's 24-hour drop-off box for clothing donations
• C) a dry cleaner located inside a supermarket
• D) a mobile phone company that offers six-month financing, same as cash
• E) a new herbal supplement that offers a 30-day free trial

Comprehend the development of sociology as a discipline and its application to solve social problems.

Understand the sociological perspective and its utility in examining societal patterns and dynamics.

Appreciate the significance of research and theory in understanding social phenomena and contributing to social change.

Distinguish between personal troubles and public issues as conceptualized in the sociological imagination.

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Definitions:

Allowance Method

The allowance method is an accounting technique that enables companies to anticipate and adjust for expected bad debts or credit losses in their financial statements.

Direct Write-off Method

Accounting practice where uncollected receivables are directly written off against income when deemed uncollectible, without using an allowance account.

Bad Debt Expense

A financial accounting concept representing the amount of uncollectible accounts receivable that a company expects to write off as a loss.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that may not be collectible, reflecting potential losses.