the primary advantages and disadvantages of

the primary advantages and disadvantages of

the primary advantages and disadvantages of Hello, I have 2 questions for you to answer please.1. Watch A. Mursau’s video titled “Accounts Receivable Bad Debt Expense (Direct Write-Off Method Vs Allowance Method)”: Based on the information in the video, discuss the primary advantages and disadvantages of applying the direct write-off over the allowance method of writing off accounts. Take a position on whether or not estimating the allowance for doubtful accounts provides the opportunity to distort gross income.Provide support for your rationale.2. “Correlation and Regression” (Note: Please respond to one [1] of the following two [2] bulleted items):Debate the following statement: “Correlation means Causation.” Determine whether this statement is true or false, and provide reasoning for your determination, using the Possible Relationships Between Variables table from your textbook.Biddle and Hamermesh (1990) built a multiple regression model to study the tradeoff between time spent in sleeping and working and to look at other factors affecting sleep:Sleep = β0 + β1 totwrk + β2 educ + β3 age + εwhere sleep and totwrk (total work) are measured in minutes per week and educ and age are measured in years. Suppose the following equation is estimated:Sleep = 3500 – 0.15 totwrk – 11.20 educ + 2.29 age + ε Discuss what would happen to someone’s sleep if they choose to work more. Analyze whether the factors of totwrk, educ, and age are enough factors to explain the variation in sleep. Explain which additional factors should be exploredi in order to explain the variation in sleep. Provide your reasoning

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