Ayayai Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $200000 and credit sales are $2010000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Ayayai Corp. make if the Allowance for Doubtful Accounts has a credit balance of $2000 before adjustment

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.

Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service