Last Year,Congo Corporation Had Net Credit Sales of $690,000 and It

question 1

Multiple Choice

Last year,Congo Corporation had net credit sales of $690,000 and it had uncollectible accounts of $31,050.Based on last year,what would the percent of estimated uncollectible accounts be this year?

• A)7)10%
• B)3)55%
• C)4)50%
• D)45.00%

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Definitions:

Conglomerate

A coarse-grained sedimentary rock composed of rounded clasts (rock fragments) cemented by finer-grained materials.

Igneous Rocks

Rocks formed through the cooling and solidification of magma or lava, categorized into intrusive and extrusive types.

Metamorphic Rock

Rock that has been transformed from an original form (sedimentary or igneous) into a new form through heat, pressure, and chemical processes, without melting.

River Terrace

A flat, bench-like structure alongside a river, formed by the river cutting deeply into the land then retreating, leaving a raised platform.