The Accounts Receivable Clerk Had Prepared the Following Aging of Northumberland

question 44

Multiple Choice

The accounts receivable clerk had prepared the following aging of Northumberland Corp's accounts receivable.The current balance in the allowance for uncollectible receivables is $9,800 CR.What is the bad debt expense for the year? $\begin{array}{ccc}\text { Date since due: } & \$ & \% \text { uncollectible } \\0-30 \text { days } & 500,000 & 1 \% \\30-60 \text { days } & 200,000 & 4 \% \\\text { Over } 60 \text { davs } & 100,000 & 10 \%\\\text { Total }&\$800,000&5 \% \text { (average) }\end{array}$

• A)$13,200
• B)$23,000
• C)$32,800
• D)$40,000

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Definitions:

Cause-and-Effect Models

Analytical tools or diagrams used to identify and represent the relationships between various factors and the outcomes they produce.

Independent Variables

Variables in an experiment or mathematical model that are manipulated to determine their effect on dependent variables.

Dependent Variables

Variables in a study or experiment that are expected to change as a result of changes in other variables.

HR Concept

Pertains to the ideas and strategies associated with Human Resources, including recruitment, management, and development of a company's workforce.