Jefferson Uses the Percent of Method of Estimating Uncollectible Expenses

question 108

Multiple Choice

Jefferson uses the percent of method of estimating uncollectible expenses.Based on past history,2% of credit sales are expected to be uncollectible.Sales for the current year are $5,550,000.Which of the following is correct?

• A)Uncollectible accounts are estimated to be $55,500.
• B)Uncollectible accounts are estimated to be $111,000.
• C)Bad debt expense is estimated to be $5,550.
• D)Bad debt expense is estimated to be $11,100.

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A recently created or received piece of communication, typically in written form, conveyed between individuals or groups.

Routine Request Format

A standard format used in communications to make requests that are ordinary and recurring within business operations.

Demanding Tone

A manner of communication that is authoritative and insists on immediate attention or compliance.

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The act of adhering to established guidelines, standards, or laws.