Smart Art Is a New Establishment

question 45

Multiple Choice

Smart Art is a new establishment. During the first year, there were credit sales of $40,000 and collections of credit sales of $36,000. One account for $650 was written off. The company decided to use the percent-of-sales method to account for bad debts expense, and decided to use a factor of 2% for their year-end adjustment of bad debts expense. At the end of the year, the balance of bad debts expense would be:

• A)$150.
• B)$800.
• C)$250.
• D)$1,450.

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Definitions:

Cultural Feminism

A form of feminism that emphasizes the difference between women and men but considers these differences to be grounds for celebration, focusing on women's unique abilities and contributions to society.

Radical Feminism

A perspective within feminism that calls for a radical reordering of society to eliminate male supremacy and achieve gender equality.

Feminist Typologies

A classification system that categorizes different strands or approaches within feminist theory based on their ideologies, methodologies, and goals.

Material Power

Power derived from control over physical resources, economic assets, or means of production.