A Company Has an Ending Accounts Receivable Balance of $1,800,000

question 95

Multiple Choice

A company has an ending accounts receivable balance of $1,800,000 and it estimates that uncollectible accounts will be 2% of the receivable balance. If Allowance for Doubtful Accounts has a credit balance of $4,000 prior to adjustment, its balance after adjustment will be a credit of

• A)$40,000.
• B)$36,000.
• C)$35,920.
• D)$32,000.

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Definitions:

Process Theories

Motivation theories that specify the details of how motivation occurs.

Need Theories

Psychological theories that describe the kinds of needs that motivate human behavior, such as Maslow's hierarchy of needs.

Managerial Implications

The practical consequences or effects of management theories, studies, or practices on organizational leadership and decision-making.

Basic Psychological Needs

Fundamental psychological necessities identified in self-determination theory, which include autonomy, competence, and relatedness.