Wellington Corp

question 50

Multiple Choice

Wellington Corp. has outstanding accounts receivable totaling $1.27 million as of December 31 and sales on credit during the year of $6.4 million. There is also a debit balance of $3,000 in the allowance for doubtful accounts. If the company estimates that 1% of its net credit sales will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense?

• A) $12,700.
• B) $15,700.
• C) $61,000.
• D) $67,000.

Recognize the criticisms of psychodynamic theories of personality.

Understand the importance of early versus later experiences in personality development according to various theorists.

Comprehend the role of reinforcement and punishment in shaping behaviour and personality traits according to operant conditioning.

Understand the principles and applications of multiple linear regression analysis.