A2Z Events
the Following Information Is from the Company's Records

question 55

Multiple Choice

A2Z Events
The following information is from the company's records for Year 1:
$\begin{array}{llr} \text {Credit sales during the year } &\$2,400,000\\ \text { Accounts receivable-December 31, Year 1 } &410,000\\ \text {Allowance for doubtful accounts-December 31, Year 1 } &55,000\\ \text {Bad debt expense for the year } &70,000\\\end{array}$

-Refer to the figure A2Z Events.What amount will the company show on its year-end balance sheet for the net realizable value of its accounts receivable?

• A) $285,000
• B) $340,000
• C) $355,000
• D) $410,000

Recognize the advantages and the norm of operation of virtual teams.

Grasp the stages of team development and their characteristics.

Know the difference between team level and team diversity.

Understand the dynamics and composition of effective teams.

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Definitions:

Marginal Cost

The increase in cost that arises from the production of one additional unit of a good or service.

Urban Professionals

A group of highly educated workers who typically work in professions found in urban centers, such as finance, law, and technology.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, calculated as the percentage change in quantity demanded divided by the percentage change in price.

Coupon Users

Individuals who use coupons to obtain discounts on goods and services at the time of purchase.