A Newly Created Design Business Called Smart Art Is Just

question 32

Multiple Choice

A newly created design business called Smart Art is just finishing up its first year of operations.During the year,there were credit sales of $40,000 and collections of $36,000.One account for $650 was written off.Smart Art uses the percent-of-sales method to account for uncollectible account expense,and has decided to use a factor of 2% for their year-end adjustment of uncollectible account expense.
-At the end of the year,what is the ending balance in the Allowance for uncollectible accounts?

• A) $150
• B) $800
• C) $250
• D) $1,450

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Definitions:

Non-Verbal Communication

The transmission of messages by some medium other than speech or writing.

360-Degree Feedback

A feedback mechanism where an employee receives anonymous feedback from peers, subordinates, supervisors, and sometimes clients, to assess performance.

Voice

The expression or ability to express thoughts and feelings by articulating sounds or in written form.

Informal Communication

The exchange of information and ideas in an unofficial or casual manner, often outside of formal communication channels.