Determine the Estimated Net Realizable (Collectable)value:
Bad Debts Are Estimated

question 60

Short Answer

Determine the estimated net realizable (collectable)value:
Bad debts are estimated to be 3% of net credit sales.
$\begin{array}{l}\text { Accounts receivable balance } & \$ 95,000 \\\text { Allowance for bad debts balance (credit) } & \$ 675 \\\text { Net Credit Sales } & \$ 800,000\\\$\end{array}$

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Definitions:

Evolutionary Changes

Gradual alterations or adaptations in species over generations due to natural selection and environmental pressures.

Domestication

The process by which humans modify the genetic traits of animals and plants to accentuate traits that benefit humans.

Reproductive Potential

The inherent capacity of an organism to produce offspring, determined by factors such as age, health, and environmental conditions.

Core-Fringe-Legume Pattern

An agricultural technique that arranges crops in concentric zones, with a nitrogen-fixing legume at the center, surrounded by tiers of other crops, to enhance soil fertility and productivity.