A Company Has Net Sales of $50,000 During the Year

question 1

Multiple Choice

A company has net sales of $50,000 during the year.At year end (before an adjustment is made) ,Allowance for Uncollectible Accounts has a credit balance of $2,500.If the company estimates that 3 percent of net sales are uncollectible,what is the balance in the allowance account after the year-end adjustment has been made using the percentage of net sales method?

• A)$1,500 debit balance
• B)$1,500 credit balance
• C)$4,000 credit balance
• D)$1,000 debit balance

Recognize the role of self-control in achieving personal and academic success.

Examine the effects of an internal versus external locus of control on life outcomes.

Understand the relationship between self-management practices and health outcomes.

Explore the generational shift in locus of control and its implications on mental health.

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Definitions:

Social Networks

Platforms or websites that enable users to create profiles, share information, and connect with others online.

Business Communication

The sharing of information between people within and outside an organization to achieve business goals.

Social Media Networks

Digital platforms that enable users to create and share content or to participate in social networking with others.

Businesses

Entities engaged in commercial, industrial, or professional activities, typically with the aim of generating profits.