Which Account Shows the Amount of Accounts Receivable That the Business

question 105

Multiple Choice

Which account shows the amount of accounts receivable that the business does NOT expect to collect?

• A) Sales Returns and Allowances
• B) Unearned Accounts Receivable
• C) Allowance for Uncollectible Accounts
• D) Uncollectible Accounts Expense

---

Definitions:

Long-Run Average Total Cost Curve

A graphical representation that shows the lowest cost at which a firm can produce any given level of output in the long run, when all inputs are variable.

Output

Output refers to the amount of goods or services produced by a firm or economy within a certain period.

Physical Capital

Consists of tangible, man-made objects that a business uses to produce goods or services, such as buildings, machinery, and equipment.

Short Run

A period in economics where at least one factor of production is fixed, limiting the ability of the economy or firm to adjust to changes in demand or supply.