Phantom inc. has an unadjusted debit balance of $5,250 in its allowance for doubtful accounts. the company has experienced bad debt losses of 2% of credit sales in prior periods. phantom reported net credit sales of $2,250,000 for the current period. to record the potential bad debts, phantom would debit:

a. allowance for doubtful accounts for $45,000.
b. allowance for doubtful accounts for $50,250.
c. bad debt expense for $45,000.
d. bad debt expense for $50,250.

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answer; rapid growth in buyer demand and high buyer switching cost;

answer; /// egg production using the factory technique falls less than with the free range technique;

answer decisions made by individual households and firms;