Based on the Following Information for Calendar 2012: If

question 64

Multiple Choice

Based on the following information for calendar 2012: If the allowance for doubtful accounts is estimated at 10% of the ending accounts receivable balance, what is the bad debts expense for 2012?

• A)$1,500
• B)$2,500
• C)$9,500
• D)$17,500

---

Definitions:

Traditional Volunteering

The act of offering services or time without financial compensation, typically within structured organizations and conventional roles.

Personal Benefit

An advantage or gain received by an individual, often as a result of employment, investment, or personal connections.

Contributions

Gifts or payments made to support an organization, cause, or initiative, typically in the form of money, services, or goods.

Theory X

Theory X is a management concept that assumes employees are inherently lazy and will avoid work if they can, suggesting the need for strict supervision and control.