Based on the Following Information for Calendar 2012: If

question 4

Multiple Choice

Based on the following information for calendar 2012: If bad debts expense is estimated at 1.5% of credit sales, what is the balance in the allowance for doubtful accounts at year end?

• A)$13,000
• B)$15,625
• C)$28,000
• D)$36,000

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Definitions:

Concentration Gradient

The gradual change in the concentration of solutes in a solution as a function of distance through a solution.

Active Transport

Energy-requiring mechanism in which a transport protein pumps a solute across a cell membrane against the solute’s concentration gradient.

Transport Protein

Protein that moves specific ions or molecules across a cell membrane.

Solute

A dissolved substance.