Teeter Company Began 2017 with Accounts Receivable of $400,000 and an Allowance

question 43

Multiple Choice

Teeter Company began 2017 with accounts receivable of $400,000 and an allowance for uncollectible accounts of $20,000 (credit balance) .Bad debt expense for the year was $33,000 and the ending balance in the allowance for uncollectible accounts account was $15,000.What was the amount of accounts receivable written off during the year?

• A)$5,000
• B)$38,000
• C)$438,000
• D)$405,000

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Definitions:

High-end CRM

Customer Relationship Management software that offers advanced features and functionalities targeted at businesses with complex needs.

Analytical CRM

A component of customer relationship management focusing on analyzing customer data and behaviors to improve business relationships.

Customer-touching Applications

Software applications, often part of CRM systems, that allow customers to directly interact with a company's services or its information.

Customer-centric

describes a strategy that prioritizes the needs and desires of customers in the development and selling of products or services.