Consider a Two-Way Network with 1,000 Users

question 71

Multiple Choice

Consider a two-way network with 1,000 users.The number of potential connections is:

• A) 999.
• B) 1,000.
• C) 2,000.
• D) 999,000.

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Definitions:

Uncollectible Accounts

Accounts receivable that a company does not expect to receive payment for, often written off as bad debts.

Percentage-of-Receivables Method

An accounting method used to estimate the amount of a company's receivables that will not be collected, based on a percentage of the total receivables.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated amount of accounts receivable not expected to be collected.

Bad Debts Expense

An expense account that represents accounts receivable that a company does not expect to collect and writes off as a loss.