The Following Information Is from the 2020 Records of R

question 107

Multiple Choice

The following information is from the 2020 records of R & S Commercial Plumbing Company: Bad debts expense is estimated by the percent-of-sales method.Management estimates that 6% of net credit sales will be uncollectible.Calculate the amount of bad debts expense for 2020.

• A)$10,800
• B)$8220
• C)$12,360
• D)$9300

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Definitions:

Derived Trait

An evolved feature that distinguishes a species from its ancestors, arising during the species' history.

Phylogenic Study

The study of the evolutionary development and diversification of a species or group of organisms.

Polyploidy

The state where an organism possesses more than two full sets of chromosomes, frequently observed in plants and certain animal species.

Sympatric Speciation

The evolutionary process through which new species evolve from a single ancestral species while inhabiting the same geographic region.