Simplify the Following Expression $$\frac { 2 ^ { - 3 } } { 3 ^ { - 1 } }$$

question 54

Multiple Choice

Simplify the following expression. $$\frac { 2 ^ { - 3 } } { 3 ^ { - 1 } }$$

• A)1
• B) \(\frac { 3 } { 8 }\)
• C) \(\frac { 2 } { 3 }\)
• D) \(\frac { 8 } { 3 }\)
• E) \(- \frac { 3 } { 8 }\)

Identify the implications of using notes receivable and how they differ from accounts receivable.

Understand and explain the concepts of allowance and direct write-off methods for accounting for uncollectible accounts.

Identify and apply the materiality constraint in accounting practices.

Describe the effects of adjustments in allowance for doubtful accounts on the realizable value of accounts receivable.

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