As Perry Materials Supply Was Preparing for the Year-End Close,their-How Much Will the Uncollectible Account Expense for the Year

The Answer of As Perry Materials Supply Was Preparing for the Year-End Close,their-How Much Will the Uncollectible Account Expense for the Year

As Perry Materials Supply Was Preparing for the Year-End Close,their-How Much Will the Uncollectible Account Expense for the Year

The Answer of As Perry Materials Supply Was Preparing for the Year-End Close,their-How Much Will the Uncollectible Account Expense for the Year

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As Perry Materials Supply Was Preparing for the Year-End Close,their

question 49

Multiple Choice

As Perry Materials Supply was preparing for the year-end close,their balances were as follows: $As Perry Materials Supply was preparing for the year-end close,their balances were as follows: Perry Materials uses the aging method and has completed the following analysis of the accounts receivable: \begin{array}{|l|r|r|r|r|r|} \hline\text { Customer } & 1-30 \text { Days } & 31-60 \text { Days } & 61-90 \text { Days } & \begin{array}{c} \text { Over } 90 \\ \text { Days } \end{array} & \text { Total Balance }\\ \hline \text { Johnson } & \$ 4,600 & \$ 3,200 & & & \$ 7,800 \\ \hline \text { Hot Pots, Inc. } & & & 800 & 1,000 & 1,800 \\ \hline \text { Potter } & 40,000 & 550 & & & 40,550 \\ \hline \text { Harrison } & & 3,600 & 900 & & 4,500 \\ \hline \text { Marz } & & & 2,000 & 50 & 2,050 \\ \hline \text { Younger } & 65,000 & & & & 65,000 \\ \hline \text { Merry Maids } & 5,900 & & & & 5,900 \\ \hline \text { Acher } & 12,000 & 6,400 & & & 18,400 \\ \hline \text { Totals } & \$ 127,500 & \$ 13,750 & \$ 3,700 & \$ 1,050 & \$ 146,000 \\ \hline \begin{array}{l} \text { Uncollectible percentage } \end{array} & 2 \% & 10 \% & 20 \% & 40 \% & \\ \hline \begin{array}{l} \text { Estimated uncollectible } \\ \text { amount } \end{array} & \$ 2,550 & \$ 1,375 & \$ 740 & \$ 420 & \$ 5,085 \\ \hline \end{array} -How much will the Uncollectible account expense for the year be? A) $2,550 B) $1,115 C) $5,085 D) $11,285$ Perry Materials uses the aging method and has completed the following analysis of the accounts receivable: $\begin{array}{|l|r|r|r|r|r|}\hline\text { Customer } & 1-30 \text { Days } & 31-60 \text { Days } & 61-90 \text { Days } & \begin{array}{c}\text { Over } 90 \\\text { Days }\end{array} & \text { Total Balance }\\\hline \text { Johnson } & \$ 4,600 & \$ 3,200 & & & \$ 7,800 \\\hline \text { Hot Pots, Inc. } & & & 800 & 1,000 & 1,800 \\\hline \text { Potter } & 40,000 & 550 & & & 40,550 \\\hline \text { Harrison } & & 3,600 & 900 & & 4,500 \\\hline \text { Marz } & & & 2,000 & 50 & 2,050 \\\hline \text { Younger } & 65,000 & & & & 65,000 \\\hline \text { Merry Maids } & 5,900 & & & & 5,900 \\\hline \text { Acher } & 12,000 & 6,400 & & & 18,400 \\\hline \text { Totals } & \$ 127,500 & \$ 13,750 & \$ 3,700 & \$ 1,050 & \$ 146,000 \\\hline \begin{array}{l}\text { Uncollectible percentage }\end{array} & 2 \% & 10 \% & 20 \% & 40 \% & \\\hline \begin{array}{l}\text { Estimated uncollectible } \\\text { amount }\end{array} & \$ 2,550 & \$ 1,375 & \$ 740 & \$ 420 & \$ 5,085 \\\hline\end{array}$

-How much will the Uncollectible account expense for the year be?

Definitions:

Supply Chain Configuration

The arrangement and integration of the supply chain's various components, including suppliers, production facilities, distribution centers, and customers, to maximize efficiency and effectiveness.

Responsiveness

The ability of a company or system to quickly react to changes in demand, technology, or market conditions.

Network Design Decision

Involves determining the most efficient arrangement of infrastructure, resources, and processes to effectively deliver goods or services to customers.

Customer Needs

The requirements or desires of consumers that drive the demand for products or services offered by businesses.