Choose the One Alternative That Best Completes the Statement or Answers

question 204

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A carousel has a radius of 15 feet and takes 28 seconds to make one complete revolution. What is the linear speed of the carousel at its outside edge? If necessary, round the answer to two decimal places.

• A) 94.25 ft/sec
• B) 0.54 ft/sec
• C) 3.37 ft/sec
• D) 11.73 ft/sec

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables reported to reflect the amount that is expected to be uncollectible.

Bad Debt Expense

Bad debt expense is the cost associated with accounts receivable that a company cannot collect.

Allowance Method

An accounting technique to estimate and record bad debts expense, acknowledging that a certain percentage of accounts receivable may not be collectible.

Aging Receivables

A method of categorizing accounts receivable based on how long they have been outstanding to assess and manage credit risk.