At 1 January, Davidson Services Has the Following Balances

question 39

Multiple Choice

At 1 January, Davidson Services has the following balances: During the year, Davidson had $104 000 of credit sales, collections of $100 000, and write- offs of $1 400.
Davidson records Bad debts expense at the end of the year using the percentage- of- sales method, and applies a rate of 1.1%, based on past history.
Prior to the year- end entry to adjust the Bad debts expense, what is the balance in Accounts receivable?

• A)$13 000
• B)$11 600
• C)$2 600
• D)$4 000

Acquire knowledge on regulations and directives affecting environmental responsibilities.

Understand the concept of molecular thinking in sustainability and its applications.

Grasp the significance of sustainable building practices and standards.

Appreciate the role of networking and weak ties in fostering innovation and sustainability.

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Definitions:

International Markets

Markets that extend beyond a country's boundaries, involving the trading and selling of goods and services across the world.

Product Adaptation

The process of modifying a product to better suit the needs or preferences of a specific market or demographic.

Glocalization Strategy

A business strategy that involves adapting a global product or service to suit local tastes and cultures.

Global Sales

Refers to the total sales of products or services worldwide, encompassing various geographic regions and international markets.