A Newly Created Design Business Called Smart Art Is Just

question 155

Multiple Choice

A newly created design business called Smart Art is just finishing up its first year of operations.During the year,there were credit sales of $40,000 and collections of $36,000.One account for $650 was written off.Smart Art uses the aging method to account for uncollectible account expense,and has calculated an amount of $200 as their estimate of uncollectible amounts at year-end.
-At the end of the year,what is the ending balance in the Allowance for uncollectible accounts?

• A) $150
• B) $800
• C) $200
• D) $1,450

Compare different theories of profit, focusing on risk-bearing and innovation.

Explain the role of supply and demand in determining rent and interest rates.

Recognize the impact of innovation on profits and the factors influencing this.

Calculate and understand the concept of the present value of future money.

---

Definitions:

Response Rate

The percentage of people who respond to a specific call-to-action in a marketing campaign, survey, or research study.

Direct Marketing

A type of advertising strategy that targets individuals or groups directly with personalized messages in order to generate responses or transactions.

Telemarketing

The process of marketing goods or services to potential customers over the telephone.

E-mail

A process for sending digital communications across the Internet between individuals utilizing electronic devices.