-Refer to the Data for Benton Corporation

question 7

Multiple Choice

-Refer to the data for Benton Corporation.
If the aging approach is used to estimate bad debts, what amount should be recorded as bad debt expense for 2015?

• A)$ 2,900
• B)$11,500
• C)$23,500
• D)$26,900

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Definitions:

Forecast Cells

Segments or units within a forecasting model representing specific future outcomes based on variables and conditions.

Output Variables

In modeling and simulations, these are the responses or results that are generated as a consequence of changing input variables.

Uncertain Inputs

Variables or factors in a model or process whose values are not known with certainty and can vary.

Cumulative Profit

The total profit generated over a period of time, adding up individual profits from successive time periods.