Write the Word or Phrase That Best Completes Each Statement

question 212

Essay

Write the word or phrase that best completes each statement or answers the question.
-An electric company has the following rate schedule for electricity usage in single-family residences: $$\begin{array} { l l } \text { Monthly service charge } & \$ 4.93 \\\text { Per kilowatt service charge}\\\text { 1st } \text { 300 kilowatts } & (\$ 0.11589 / \mathrm { kW } \\\text { Over 300 kilowatts } & (\$ 0.13321 / \mathrm { kW }\end{array}$$ What is the charge for using 300 kilowatts in one month?
What is the charge for using 375 kilowatts in one month?
Construct a function that gives the monthly charge C for x kilowatts of electricity.

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Definitions:

Direct Write-off Method

A method where uncollectible accounts receivable are written off directly against income at the time they are deemed to be uncollectible.

Uncollectible Accounts

Accounts receivable deemed uncollectible by a business, representing money owed by customers that is unlikely to be paid and usually written off as an expense.

Expense Recognition Principle

An accounting guideline stating that expenses should be recorded in the same period as the revenues they help to generate.

Direct Write-off Method

An accounting method for uncollectible receivables where the specific account's balance is directly removed from accounts receivable.