The Following Information Is from the Records of Mountainview Camera

question 3

Multiple Choice

The following information is from the records of Mountainview Camera Shop: $$\begin{array} { | l | r | } \hline \text { Accounts receivable, December 31, 2018 } & \$ 80,000 \text { (debit) } \\\hline \text { Net credit sales for 2018 } & 160,000 \\\hline \text { Accounts written off as uncollectible during 2018 } & 16,000 \\\hline \text { Cash sales during 2018 } & 42,000 \\\hline\end{array}$$ The company uses the direct write-off method for bad debts. What is the amount of bad debts expense?

• A) $80,000
• B) $42,000
• C) $64,000
• D) $16,000

Recognize different types of mergers and ventures, and their strategic importance in business expansion and competitiveness.

Identify characteristics that define small businesses and differentiate them from larger firms.

Acknowledge the role of technology and online resources in enhancing the competitiveness of small businesses.

Understand the role of innovation in business success and its relation to business size.

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Definitions:

Marketing Strategy

A long-term plan designed to achieve a company's marketing goals by understanding customer needs and creating a clear positioning for the product or service.

Economic Trends

The general direction in which an economy is moving, based on statistical measures such as growth rates, inflation, and unemployment.

Social Trends

Patterns of change or stability in societal behaviors, attitudes, and cultural norms over time, which influence various aspects of society such as consumer behavior.

Global Expansion

Refers to a company's growth beyond its original national boundaries into international markets.