Case Study 4.3: Is There Really a Market for it? (pp. 127 - 129). This particular case study seems to bring to light many of the questions that in the future, you will have to ask as you begin to market your products or services. It also aligns well with the Marketing Plan that you are building.

answer all 6 questions in details.

Case Study 4.3: Is There Really A Market For It? (pp. 127 - 129). This Particular Case Study Seems To
Case Study 4.3: Is There Really A Market For It? (pp. 127 - 129). This Particular Case Study Seems To
Case Study 4.3: Is There Really A Market For It? (pp. 127 - 129). This Particular Case Study Seems To

Answers

Answer 1

The characteristics of the population that made hospital adminstrators a potential market is the disease incidence and the referral patterns.

How to illustrate the information?

When the suburb population was examined, the service that the analyst think would appeal to the community is a housing unit.

The type of research that was carried out to verify the conclusion based on the secondary data is a survey of the community residents.

The findings contradicted what was found in the secondary data as it was found that the population wasn't progressive and the housing construction wasn't necessary.

Also, the development of the innovative health sector was discouraged as it was found that the population preferred traditional medicine.

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Related Questions

There are three individual firms in happy Valley the government wants to reduce pollution and 90 units so it gives each firm 30 tradable pollution permits Farme has 30 units at five dollars firm be has 45 units at $10 and firm C has 60 units at $20 because firm blank has the highest cost of reducing pollution by one unit it would like to blank another firm because firm blank has the lowest cost of reducing pollution by one unit

Answers

Because firm (A,B, C) has the highest cost of reducing pollution by 1 unit, it would like to (sell 30 permits to, buy 30 permits from) another firm.

A $298 petty cash fund has cash of $32 and receipts of $247. The journal entry to replenish the account would include credit to Petty Cash for $247. debit to Cash for $247. debit to Petty Cash for $266. credit to Cash for $266.

Answers

The journal entry to replenish the petty cash account is credit to Cash for $266.

How would petty cash be replenished?

The amount that needs to be replenished is:

= Petty cash fund - cash

= 298 - 32

= $266

This amount needs to be taken from the cash account which is why the cash account will be credited with $266.

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The process of evaluating and planning for long-term investments is called budgeting.

Answers

The process of evaluating and planning for long-term investments is called Capital budgeting

This is further explained below.

What is Capital budgeting?

Generally, A company will go through the process of capital budgeting in order to assess the viability of proposed big expenditures or projects. Before a decision to accept or reject a project can be made, it must first go through the process of capital budgeting. Some examples of projects that need this step are the construction of a new factory and a significant investment in an outside enterprise.

In conclusion,  Capital budgeting refers to the act of analyzing and organizing one's finances with regard to long-term investments.

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On January 1 of this year, Nowell Company issued bonds with a face value of $140,000 and a coupon rate of 7.5 percent. The bonds mature in ten years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 7.5 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)

What amount of cash is owed to investors on June 30 and December 31 of this year?

Answers

Based on the face value of the bonds and the coupon rate, the amount owed to investors by Nowell Company is:

June 30 = $5,250December 31 = $5,250

How much is owed to investors?

This can be found as:

= (Coupon rate x Face value) / 2 semi annual periods

Solving gives:

= (7.5% x 140,000) / 2

= $5,250

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Which of the following individuals has enrolled in a plan on a fixed income

Answers

Fixed income gives a steady of income to the individual.

What is a fixed income?

The complete question wasn't found online. An overview was given as the complete information wasn't found.

It should be noted that a fixed income means an investment approach that is focused on presentation of capital and income.

The examples of fixed income include municipal bonds, certificate of deposit, etc.

It should be noted that fixed income orders a steady stream of income with less risk.

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price is important to managers

Answers

Price is important to managers because it has a substantial effect on a company's profitability and sustainability.

Why is pricing important?

The importance of pricing is traced to the fact that defines the value or worth of a product and the number of customers that demand the product.

For the consumer of products, price is a key factor that determines purchase decisions.

Thus, price is important to managers because it has a substantial effect on a company's profitability and sustainability.

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Question Completion:

Why is price important to managers?

What are some of your main personal, academic, and professional goals?

Answers

Think positive to stay focused.

Stay resilient.

Make time to read.

Manage your time.

Find time to relax.

Strive for excellence.

Build a strong network.

Build good study habits.

bottom up approach is not applicable when

Answers

Bottom up approach is not applicable systematically to all places in all circumstances.

The bottom-up approach can not be carried out systematically to all locations in all situations.The bottom-up technique is being applied when off-the-shelf or existing additives are decided on and incorporated into the product. An example would encompass choosing a selected fastener, which include a bolt, and designing the receiving components such that the fastener will fit nicely.

When selections are being made at multiple degrees, personnel can be running without checking in with one another. Bottom-up processing is a justification for insights that start with an approaching improvement and operating upwards until an define of the thing is fashioned to us. It refers to processing sensory information as it's miles coming in.

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Normalization

At the end of the current year, Accounts Receivable has a balance of $825,000; Allowance for Doubtful Accounts has a credit balance of $7,500; and sales for the year total $3,710,000. Bad debt expense is estimated at 1/4 of 1% of sales.

A) Determine the amount of the adjusting entry for uncollectible accounts.
b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.

Accounts Receivable:
Allowance for Doubtful Accounts:
Bad Debt Expense:

c. Determine the net realizable value of accounts receivable.

Answers

A. The amount of the adjusting entry for uncollectible accounts is $1,775.

B. The adjusted balances of the Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense are:

Accounts Receivable: $4,535,000

Allowance for Doubtful Accounts: $9,275

Bad Debt Expense: $1,775

C. The net realizable value of the accounts receivable is $4,525,725.

What is the net realizable value of accounts receivable?

The net realizable value of accounts receivable is the estimated collections that can be recovered from credit customers.

It is the difference between the total credit sales and the allowance for doubtful accounts.

Data and Calculations:

Ending balances:

Accounts Receivable  $825,000 DR

Allowance for Doubtful Accounts $7,500 CR

Sales = $3,710,000

Estimated bad debt expense = 0.0025 (1/4 of 1%) of sales

= $9,275 ($3,710,000 x 0.0025)

A. The amount of the adjusting entry for uncollectible accounts is $1,775 ($9,275 - $7,500).

B. The adjusted balances of the Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense are:

Accounts Receivable: $4,535,000 ($825,000 + $3,710,000)

Allowance for Doubtful Accounts: $9,275

Bad Debt Expense: $1,775

C. The net realizable value of the accounts receivable is $4,525,725 ($4,535,000 - $9,275).

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construction loan avoidable interest

Answers

Avoidable interest serves as one that is used in the estimation of interest without expenditure.

What is an avoidable interest?

Avoidable Interest can be regarded as the  computation  that can be used to find the  interest when trying to avoid expenditures .

To calculate the Avoidable interest , the equation that can be used is

(the weighted average accumulated expenditures ) *( the proper interest rate)

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define formula p(1+i)n-p​

Answers

Answer:

Or 1 hp =746 watt. Also, One Horsepower equals to 33,000 lb. ft/min. Horsepower formula is: Horsepower = \frac{Torque × speed}{ ...

Horsepower is a popular imperial unit of power of an engine. It is defined as the work done by a person or machine per unit amount of time. This term of Horsepower was invented by James Watt. It is a unit of power that compares the power of a machine to the muscle power of the horse.

In earlier days it was used to measure steam engine power output compared to the power of draft horses. But later on, its usage was expanded to different types of piston engines, electric motors, turbines, and other machinery.

Horsepower Formula

The formula for Horsepower calculation:

First, we will see some equations to help in calculating the horsepower:

Power = worktime

For the electric motors, we can calculate the power or horsepower from the torque and speed. For example, if we have a motor with 3,000 rpm and 6 in-lbf then the horsepower can be calculated below.

Horsepower = 300×663025

i.e. horsepower = 0.286

Here, 63025 is a constant when using rpm for speed and in-lbf for torque units. 5252 is another common constant if the speed is in rpm and torque is in ft-lbf. If the units are different then first we have to make the unit conversion.

Get the huge list of Physics Formulas here

The derivation of these constants is as follows:

33,000 ft-lbf /min = 1 horsepower.

Though horsepower units is a derivative of the 33,000 ft-lbf / min, it is not critical to understanding how to calculate motor horsepower for speed and torque.

Another common but popular unit of power that motors are rated in is watts. The conversion from watts to horsepower is:

745.7 watts = 1 horsepower

Or 1 hp =746 watt.

Also, One Horsepower equals to 33,000 lb. ft/min.

Horsepower formula is:

Horsepower = Torque×speed5252

With another computation,

Horsepower = weight × velocity(234)2

Solved Examples on Horsepower Formula

Q.1: Determine the horsepower of a vehicle which moves with a speed of 500 revolutions per minute and has a torque of 100 pound-foot.

Solution:

Given parameters in the problem are:

Torque = 100 pound foot

Speed = 500 revolutions per minute

Now we may apply the Horsepower formula as below:

Horsepower = Torque×Speed5252

Substituting the known values, we get

Horsepower = 100×5005252

= 500005252

Horsepower = 9.52 HP

Therefore the horsepower of the engine of the vehicle will be 9.52 HP.

Which of the following are required, to perform an “authenticated” scan that only targets “severity 5” vulnerabilities? (choose all that apply)

Answers

To perform an “authenticated” scan that only targets “severity 5” vulnerabilities you require a Target host. This is further explained below.

What is Target host?

Generally, Any domain from which a request to Target is made is referred to as a host. On a website, the location is almost always the most important element.

In conclusion, You'll need a Target host if you want to run a "authenticated" scan that only looks for "severity 5" vulnerabilities.

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Shoprite environmental impact on people

Answers

ShopRite impacts the environment by reducing harm to the environment and creating job in the recycling sector.

What is an environment?

It should be noted that an environment simply means the surrounding where an organism lives.

At ShopRite, plastics wastes that are generated are recycled into carrier bags. This helps in reducing harm to the environment.

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14. ABC is expected to pay GHS 500 dividend per share next year, and then sell for GHS2, 000 thereafter. If your discount rate is 28%, how much will you pay for a share today? Suppose dividend will increase by 10% per annum and you have a 4-year holding period in mind. How much will you pay, if the price is also expected to increase at 10% pa? (7 Marks)

XYZ Dividend Announcement [8 marks]

Shareholders of XYZ Company will be smiling all the way to the bank following an announcement of a dividend of 8 pesewas per share to all shareholders in respect of the 2014 financial year.

The announcement was made on March 1, 2015 and the dividend is expected to be approved by investors at the company's Annual General Meeting scheduled for March 27, 2015.

In this regard, members registered in the books of XYZ at the close of business on March 23, 2015 will qualify for the payment of the final dividend. The ex-dividend date has however been set as Friday, March 20, 2015. The final dividend will be paid on March 30, 2015. XYZ is presently trading at GHS 3.13 per share on the Ghana Stock Exchange.

a) Given that the GSE rules provide that all transactions on the floor of the exchange must go through the books of the firm by the close of business on the third working day following the transaction, what is the last date on which to buy the shares in other to receive the dividends announced?

b) What is the last day on which to sell your shares if you do not wish to receive these dividends?

c) If the equity of XYZ is worth GHS 313 million, how much will Esi receive if she owns 1% of the shares of XYZ?

d) What is XYZ’s dividend yield?

Answers

1a) The price I will pay for a share today in ABC is GHS 1,785.71.

1b) The price I will for a share today in ABC with a dividend growth rate of 10% is GHS 2,777.78.

2)  XYZ Company:

2a) The last date on which to buy the shares of XYZ Company in order to receive the dividends announced is March 20, 2015.

2b) The last date on which to sell shares if you do not wish to receive dividends is March 20, 2015.

2c) The dividend received by Esi from XYZ Company is GHS 80,000.

2d) XYZ's dividend yield is 2.56%(GHS 0.08/GHS 3.13)

Data and Calculations:

ABC Company:

Expected dividend per share next year = GHS 500

Selling price per share thereafter = GHS 2,000

Discount rate = 28%

1a. Price to pay = GHS 1,785.71 (GHS 500/28%)

1b. Dividend growth rate = 10%

Price to pay = GHS 2,777.78 (GHS 500 (28% -10%)

2)  XYZ Company:

Dividend per share declared = GHS 0.08

Dividend record date = March 23, 2015

Ex-dividend date = March 20, 2015

Dividend payment date = March 30, 2015

Present share price = GHS 3.13

2a) The last date to buy shares is March 20, 2015.

2b) The last date to sell shares is March 20, 2015.

2c) Equity value of XYZ = GHS 313 million

Outstanding shares = 100 million (GHS313 million/GHS 3.13)

Esi's shareholding = 1 million (100 million x 1%)

Dividend received by Esi = GHS 80,000 (1 million x GHS 0.08)

2d) XYZ's dividend yield is 2.56%(GHS 0.08/GHS 3.13)

= Dividend per share/Share Price

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Discuss the principles of management.


Please help

Answers

The principles of management are scientific principles that enable managers to make organizational decisions, accomplish tasks, and achieve organizational goals.

What are the principles of management?

The principles of management enunciated by Henri Fayol enable managers to become efficient and effective include:

Division of WorkDisciplineUnity of DirectionUnity of CommandRemunerationScalar ChainOrderEquityInitiativeEsprit de CorpsThe Degree of CentralizationAuthority and ResponsibilitySubordination of Individual InterestStability of Tenure of Personnel.

These principles of management provide guidance to managers in their decision-making and management activities.

Thus, the principles of management enable managers to make organizational decisions, accomplish tasks, and achieve organizational goals.

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Journal entry for accounting.

Answers

1. The number of shares outstanding at the end of the period is 19,604 shares.

2. The total paid-in capital is $726,100.

What is the total paid-in capital?

The total paid-in capital is the sum of the total common stock at par value and the paid-in capital in excess (that is, the excess received over the par value).

Data and Calculations:

Par value = $25

Total Common Stock = $490,100 ($230,000 + $127,000 + $53,100 + $80,000)

Number of outstanding shares = 19,604 ($490,100/$25)

Thus, the number of outstanding shares can be determined by dividing the total value of the common stock by the par value.

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The two most basic inventory questions answered by the typical inventory model are:.

Answers

The two most basic inventory questions answered by the typical inventory model are the timing of orders and order quantity

What is the timing of orders and order quantity?

The time elapsed between the start of a stock replenishment activity and the submission of a requisition or order. The amount of time that passes between the submission of a requisition or order and the shipment of material by the supplying activity is known as timing of orders.

Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity in inventory management that minimizes overall holding costs and ordering expenses. It is one of the most ancient traditional production scheduling models.

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A good theory is hard to understood, while simple enough to capture the key features of the object or situation being studied.

True

False



Events that occur locally, or nationally, impact the rest of the consumers and producers in this country.

True

False



Microeconomics and macroeconomics are not separate subjects, but rather complementary perspectives on the overall subject of the economy.

True

False




Most real-world industries will either be a perfect competition or a monopoly and will not fall in the middle ground of market structures.

True

False

Answers

A good theory is hard to understand, while simple enough to capture the key features of the object or situation being studied.
Answer: False.

The given statement "A good theory should be sophisticated enough to capture the complexities of the object or situation being studied while also being simple enough for understanding and practical use" is True.

Events that occur locally or nationally can have ripple effects on the entire economy, impacting both consumers and producers in the country is True.

Microeconomics and macroeconomics are indeed complementary perspectives that together form a comprehensive understanding of the economy is True. Microeconomics focuses on individual units like households and firms, while macroeconomics deals with the overall economy's performance.

The statement "Most real-world industries will either be a perfect competition or a monopoly and will not fall in the middle ground of market structures." is false

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Discuss how you will use the "8-Step process
to critical thinking" in your personal and
professional life. Provide examples to
support your answers

Answers

I will use the "8-Step process to critical thinking" in my personal and professional life in many ways.

What is the "8-Step process to critical thinking"?

The "8-Step process to critical thinking" includes the following categories:

ReflectionAnalysisInformation AcquisitionCreativityStructuring argumentsDecision makingCommitmentDebate.

The 8-step process involves a process of identifying, observing, describing, questioning, researching, establishing, responding, and sharing knowledge to achieve life improvements.

In my personal and professional life, I need to seek knowledge, information, and understanding to enhance the application of concepts and innovations to living and work.

After acquiring the required information, I will carry out a critical analysis and synthesis before taking action.  Results obtained from my actions must be reflected upon to provide guidance for future activities.

Thus, the "8-Step process to critical thinking" will remain useful in my personal and professional life.

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20 pts
The original Greek Olympic Games are often considered the beginning of sports and entertainment marketing as we know it today.
OA. True
OB. False

Answers

This is true that The original Greek Olympic Games are often considered the beginning of sports and entertainment marketing as we know it today.

The contemporary Olympic Games, sometimes known as the Olympics, are the most prestigious international athletic occasions that include summer and winter sports competitions in which thousands of competitors from all over the world take part in a range of activities.

Zeus, the father of the Greek gods and goddesses, was the main focus of the ancient celebration that included the Olympic Games.

Soccer is the most popular sport in the world according to other metrics, and it's also one of the most popular Summer Olympic sports, though it has some competition from swimming and athletics, whose popularity peaks during the Olympics.

The ancient Olympic Games were originally a one-day competition until they were expanded to a three-day competition in 684 BC. The Games were once more expanded to take place over five days in the fifth century B.C. Running, long jumping, shot throw, javelin, boxing, pankration, and equestrian competitions were all part of the ancient Games.

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A free enterprise system provides individuals the opportunity to make their own economic decisions without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. It also requires entrepreneurs to rise or fall on their own without government support. Do you believe this type of economic system is more or less helpful, and why? Write an argumentative essay that explains your position.

Answers

A free enterprise system allows the supply and demand of consumers to determine the success or failure of an economic endeavor.

What is a free enterprise?

It should be noted that a free enterprise simply means the freedom of individuals and businesses to regulation.

Here, free enterprise system provides individuals the opportunity to make their own economic decisions without restrictions.

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Answer:

C.

Explanation:

free enterprise system

explain controlling as a management task

Answers

Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates.

Verifying if everything happens in accordance with the plans adopted, the directions issued, and the principles established constitutes controlling. Controlling makes sure that organizational resources are used effectively and efficiently to accomplish the intended goals.

The managing role identifies deviations, tracks progress toward corporate goals, and suggests necessary corrective action. In order to make the appropriate decisions regarding each, Controlling entails the meticulous gathering of knowledge about a system, process, individual, or group of people.

Managers establish and communicate while performing the management function of controlling. performance criteria for individuals, organizations, and technology

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b. Explain the following term as used in sole proprietorship type of business.
(i)Asset

Answers

Answer:

any investment that holds value.

Explanation:

can be land, equipment, supplies, lawn mowers, cash, etc. Same as other forms of businesses

Suppose that the required reserve ratio is 10 percent and you withdraw $25,000 from Comerical Bank.
What is the total decrease in deposits in the banking system?

Answers

The total decrease in deposits in the banking system is $250,000.

What is total decrease in deposits?

Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves.

Decrease in deposits = amount withdrawn / required reserve ratio

$25,000 / 0.1 = $250,000

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20 pts
What is the oldest human sport on record?
O A. racing
OB.
archery
O c.
wrestling
O D. weightlifting

Answers

Answer:

D. Wrestling

Explanation:

The oldest sport in human history is wrestling.

Source: catawiki

"We know this because of a set of famous cave paintings in Lascaux, France, dating back 15,300 years ago which depict wrestlers. And it wasn't just in France either; paintings with illustrated wresters have been found in caves all over the world, from 7000 BC in Mongolia, from 6000 BC in Libya and in prehistoric caves in Japan."

b) Upscale hotels in the United States recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. A survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the Internet and the telephone, to transact business. Assume a company’s budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. Graphically illustrate how a 20 percent decline in the price of business travel would impact this company’s budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. Suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. Is the company allocating resources efficiently? Explain

Answers

It is to be noted that the company is not allocating resources efficiently. See the attached image for the Graphically illustration required.

What is allocation of resources?

This is simply the ability to efficiently distribute resources across all aspects of production.

What is the proof that the company is misappropriating resources?

MRS is the gradient of the budget line is defined by the change in the Y axis divided by the change in the x axis.

In other words, MRS is the number of units of x that a customer is ready to give up in exchange for units of y.

Note that
the MRS fo the budget line is:

-dy/dx

= -10.6/6.25

= -1.6, that is media 1.6 units of media is given for every unit of business travel.

However, the corporation claims that the MRS is -1, which indicates that for every unit of business trip, they give away one unit of media. In other words, they are paying a price equal to the cost of business travel, resulting in a resource misappropriation.

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What are hollow corporations? A. companies that market their products through franchisees B. companies that outsource all production to suppliers C. companies that have liabilities exceeding their assets D. companies that are horizontally integrated E. companies that do not have any physical presence and only operate online

Answers

Hollow corporations are b. companies that outsource all production to suppliers

What are hollow corporations?

Hollow corporations can be defined as those companies that outsource their production to supplier, which means that they do not produce within the company but all production are carried out  supplier .

Hence, the correct option is B, because hollow corporation tend to outsource all production to supplier.

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What is the journal entry for declaring $9000 dividend to be paid next month

Answers

The journal entry for declaring a $9,000 dividend to be paid in the coming month is:

Date                   Account Title                                      Debit          Credit

XX-XX-XXXX    Retained earnings                           $9,000

                          Dividends Payable                                               $9,000

How is dividend declared recorded?

The Retained earnings account will be debited to show that the account is decreasing. This is because dividends are taken from the retained earnings of a company.

The dividends payable account will be credited with $9,000 to show that the company now owes its shareholders $9,000. This will then be debited next month to show payment.

In conclusion, retained earnings are debited, and dividends payable are credited.

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During the current year, Mute Corporation expected to sell 22,700 telephone switches. Fixed costs for the year were expected to be $12,143,500, the unit sales price was budgeted at $3,350, and unit variable costs were budgeted at $1,480.

Mute's margin of safety (MOS) in sales dollars is: (Do not round intermediate calculations.)

Multiple Choice

$76,147,602.

$87,087,602.

$57,290,472.

$54,290,602.

$66,470,602.

Answers

The Mute's margin of safety (MOS) in sales dollars is: d. $54,290,602.

Margin of safety

First step

Breakeven=$12,143,500/( $3,350-$1,480)/$3,350

Breakeven=$12,143,500/$1870/$3370

Breakeven=$12,143,500/0.5548961424332

Breakeven=$21,884,275

Second step

Margin of safety:

Margin of safety=(22,700×$3350)-$21,884,275

Margin of safety=$54,290,602

The correct option is D.

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Moore Products uses the allowance method in estimating uncollectible accounts. On December 31, 2022, the balance in Accounts Receivable was $610,000. An aging analysis of the accounts receivable indicated that $29,600 in accounts are expected to be uncollectible.

Prepare the adjusting entry to record estimated bad debts expense using the percentage of receivables basis under each of the following independent assumptions:
(a)
Allowance for Doubtful Accounts has a credit balance of $4,100 before adjustment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Answers

The adjusting entry to record estimated bad debts expense using the percentage of receivables basis is:

Bad Debt Expense Account dr........             $25,500          

      To Allowance for Doubtful Account                      $25,500

(Being the bad debt expense is recorded)

For recording this, we credit the allowance for doubtful debts, which decreased the value of the assets and debit the bad debt expenditure, which raised the expenses.

Additionally, since there is a credit balance, the account receivable is reduced accordingly.

The amount for bad debt expense Account = $29,600 - $4,100

                                                         = $25,500

Hence, The adjusting entry to record estimated bad debts expense using the percentage of receivables basis is:

Bad Debt Expense Account dr........             $25,500          

      To Allowance for Doubtful Account                      $25,500

(Being the bad debt expense is recorded)

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