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The following information is from the records of Armadillo Camera Shop: Bad debts expense is estimated by the aging-of-accounts-receivables method.Management estimates that $2,850 of accounts receivable will be uncollectible.Calculate the amount of net accounts receivable after the adjustment for bad debts.
Exclusive Dealing
A contractual arrangement in which a seller agrees to sell its products to only one particular buyer, or a buyer agrees to purchase from only one seller, limiting competition.
Tying Arrangements
A business practice where a seller requires the buyer to purchase other products as a condition of getting the desired product.
Federal Trade Commission
A U.S. federal agency tasked with consumer protection and the prevention of anti-competitive business practices.
Sherman Act
A landmark federal statute in the antitrust law of the United States, passed in 1890, which prohibits monopolistic practices and promotes competition.
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