Flyer Company Has Provided the Following Information

question 74

Multiple Choice

Flyer Company has provided the following information:
Cash sales,$150,000
Credit sales,$450,000
Selling and administrative expenses,$110,000
Sales returns and allowances,$30,000
Gross profit,$490,000
Accounts receivable,$110,000
Sales discounts,$14,000
Allowance for doubtful accounts credit balance,$1,200
How much is bad debt expense assuming that 5% of accounts receivable is estimated to be uncollectible?

• A)$5,500
• B)$6,700
• C)$4,240
• D)$4,300

---

Definitions:

Blank Report

A report template in database software that contains no predefined formatting or data.

Form Design View

A development interface in database systems where users can create or modify the layout of forms for data entry and display.

Selection Box

A graphical user interface element that allows users to choose one or more options from a list.

Shift+click

A computer interaction technique involving holding the Shift key and clicking with the mouse, typically used to extend selections in graphical user interfaces.