The Following Information Is Related to December 31 2021 Balances

question 61

Multiple Choice

The following information is related to December 31 2021 balances. $\begin{array}{lr}\text { Accounts receivable } & \$ 3,150,000 \\\text { Allowance for doubtful accounts } & 270,000 \\\text { Cash realizable value } & \$ 2,880,000\end{array}$ During 2022 sales on account were $870000 and collections on account were $516000.Also during 2022 the company wrote off $48000 in uncollectible accounts.An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $324000.Bad debt expense for 2022 is

• A)$102000.
• B)$ 54000.
• C)$324000.
• D)$ 6000.

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Definitions:

Cost of Each Project

Cost of each project refers to the total expense associated with completing a specific project, encapsulating all direct and indirect costs from initiation to completion.

Complexity Profile

Complexity profile denotes the evaluation of various aspects of a system or project, detailing the degree of complexity in its components, interdependencies, and potential challenges.

Dedicated Infrastructure

Infrastructure exclusively allocated to a single organization or project, focusing on specific operational requirements.

Communication Structure

The framework within a project or organization that outlines the methods and protocols for information exchange among stakeholders.