Table 9-10 Armadillo Camera Shop
the Following Information Is from the 2019

question 129

Multiple Choice

Table 9-10 Armadillo Camera Shop
The following information is from the 2019 records of Armadillo Camera Shop:
$$\begin{array} { | l | r | } \hline \text { Accounts receivable, December 31,2019 } & \$ 20,000 \text { (debit) } \\\hline \text { Allowance for doubtful accounts, December } & \\31,2019 , \text { prior to adjustment } & 600 ( \text { debit) } \\\hline \text { Net credit sales for 2019 } & 95,000 \\\hline \text { Accounts written off as uncollectible } & \\ \text { during 2019 } &7,000 \\\hline \text { Cash sales during 2019 } & \text { } 27,000 \\\hline\end{array}$$
-Refer to Table 9-10. Bad debts expense is estimated by the percent-of-sales method. Management estimates that 3% of net credit sales will be uncollectible. Which of the following will be the amount of net accounts receivable after adjustment?

• A)$16,550
• B)$17,750
• C)$17,150
• D)$13,000

Recognize the significance of trademarks, service marks, and collective marks in distinguishing goods and services.

Understand the role of federal law in the protection of intellectual property.

Grasp the ethical and legal considerations in the use of intellectual property in the business environment.

Identify exceptions and legal limits to intellectual property rights.

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Definitions:

Appropriateness

The suitability of an action, response, or decision in relation to the circumstances or guidelines.

Psychodynamic Theories

A group of theories that emphasize the influence of the unconscious mind and childhood experiences on behavior.

Unconscious Mental Forces

Psychological activities below the level of conscious awareness that influence thoughts, feelings, and actions.

Genetic Factors

Influences on an individual's traits and behaviors that result from the composition of their genes or inherited characteristics.