A Newly Created Design Business Called Smart Art Is Just

question 53

Multiple Choice

A newly created design business called Smart Art is just finishing up its first year of operations. During the year, there were credit sales of $40 000 and collections of $36 000. One account for $650 was written off. Smart Art uses the percentage- of- sales method to account for Bad debts expense, and has decided to use a factor of 2% for their year- end adjustment of Bad debts expense. At the end of the year, what is the ending balance in the Allowance for doubtful debts?

• A)$250
• B)$150
• C)$800
• D)$1 450

---

Definitions:

Sexual Problems

Difficulties experienced by an individual or couple during any stage of a normal sexual activity, including physical, psychological, or social issues.

Orgasm

The climax of sexual excitement, including rhythmic contractions of muscles in the genital area and intensely pleasurable sensations; usually accompanied by ejaculation in males beginning in puberty.

Partnered Sex

Sexual activities that involve at least two people interacting physically and sexually.

Orgasm

The climax of sexual excitement, characterized by intense physical pleasure and release of tension.