A Company Uses the Percent of Sales Method to Determine

question 55

Multiple Choice

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: $$\begin{array} { | l | r | } \hline \text { Accounts receivable } & \$ 375,000 \text { debit } \\\hline \text { Allowance for uncollecible accounts } & 500 \text { debit } \\\hline \text { Net Sales } & 800,000 \text { credit } \\\hline\end{array}$$ All sales are made on credit. Based on past experience, the company estimates that 0.6% of credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?

• A)$1,275
• B)$1,775
• C)$4,500
• D)$4,800
• E)$5,500

Know the correct procedures for eye care for both conscious and unconscious patients.

Understand the principles of administering serums and lubricants in eye care.

Recognize the steps to take immediately following chemical eye injuries.

Grasp proper techniques for hearing aid insertion, maintenance, and troubleshooting.

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Definitions:

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on policies and systems to maximize employee performance in service of an employer's strategic objectives.

HR Generalist

A human resources professional responsible for a broad range of HR functions, including recruitment, training, benefits management, and compliance.

Recruitment and Selection

This refers to the process by which companies identify, attract, and hire the best candidates for job vacancies.

HRM Professionals

HRM professionals are experts in Human Resource Management who specialize in managing and optimizing an organization's human capital and employment practices.