If competition decreases in a certain industry select one:

a. a company that is in that industry may have and exert more economic power.

b. prices will most likely be lower in that industry

c. resources will be allocated more efficiently

d. it would not matter because competition has very little affect in a market economy. question 2 not yet answered marked out of 1.00 not flagged flag question question text the sherman anti-trust act

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)