A Company Has Net Credit Sales of $700,000 for the Year

question 35

Multiple Choice

A company has net credit sales of $700,000 for the year and it estimates that uncollectible accounts will be 2% of sales.If Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit of

• A)$14,000.
• B)$15,000.
• C)$13,980.
• D)$13,000.

Understand the correct process for receiving and verifying shipments in a medical office.

Identify best practices in inventory management and avoiding purchasing mistakes.

Know the proper storage methods for different categories of supplies, including narcotics.

Understand the use of requisitions and purchase orders in group practices.

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Definitions:

Chronic Obstructive Pulmonary Disease

A lung disease characterized by long-term breathing problems and poor airflow, primarily caused by smoking.

Return Demonstration

Demonstration after the patient has first observed the teacher and then practiced the skill in mock or real situations.

Cloze Test

An assessment technique used to measure reading comprehension, language proficiency, or cognitive status, involving the completion of sentences or texts with omitted words.

Deep Breathe

A controlled breathing technique that involves taking slow, deliberate breaths to fill the lungs fully, often used for relaxation or in respiratory therapy.