A Year-End Review of Accounts Receivable and Estimated Uncollectible Percentages

question 138

Multiple Choice

A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: The credit balance in Allowance for Uncollectible Accounts was $1,000. Under the aging-of-receivables method, the uncollectible-account expense for the year is:

• A) $1,500.
• B) $4,100.
• C) $5,300.
• D) $6,300.

---

Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors; it is what causes us to take action, whether to grab a snack to reduce hunger or enroll in college to earn a degree.

Frances Hesselbein

An American expert on leadership who served as the CEO of the Girl Scouts of the USA and is known for her work in non-profit management and leadership development.

Power

The ability or capacity of an individual or group to influence or control the actions and outcomes within social or organizational contexts.

Legitimate Power

Authority that a person or a group holds that is accepted and recognized by others, often due to a formal position or role.