Capital Is a Factor of Production

question 166

Multiple Choice

Capital is a factor of production.An example of capital as a factor of production is

• A)stocks.
• B)money.
• C)education.
• D)bonds.
• E)machines.

Gain knowledge on specific infectious diseases and their causative agents.

Identify and describe the types of bacteria based on their oxygen requirements.

Understand and enumerate the common staining procedures and their significance in microbiology.

Recognize the importance of culture media in microbiology and identify their types.

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Definitions:

Uncollectible Accounts

Debts owed to a company that are considered to be uncollectible and are thus written off as a bad debt expense.

Allowance Method

An accounting technique used to estimate uncollectable accounts receivable within a company's financial statements.

Bad Debt Expense

An accounting term representing the amount of revenue considered uncollectible from credit sales.

Allowance for Doubtful Accounts

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