Use This Information to Answer the Following Question

question 79

Multiple Choice

Use this information to answer the following question. The general ledger account for Accounts Receivable shows a debit balance of $50,000.Allowance for Uncollectible Accounts has a debit balance of $1,000.Net sales for the year were $500,000.In the past,2 percent of sales have proved uncollectible,and an aging of accounts receivable accounts results in an estimate of $13,500 of uncollectible accounts.
Using the accounts receivable aging method,the Allowance for Uncollectible Accounts balance (after adjustment) would be

• A)$14,500.
• B)$14,000.
• C)$13,500.
• D)$12,500.

Understand the specific circumstances under which specific performance is an appropriate remedy.

Understand the concept and importance of customer service as the new marketing.

Comprehend social media monitoring and its synonyms.

Grasp the process and tools of social media monitoring and sentiment analysis.

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Definitions:

Precise Information

Data or details that are exact, accurate, and clearly expressed, leaving little to no room for ambiguity or doubt.

Filtering

The process of screening, selecting, or reducing information to manage what is passed through to avoid information overload or to emphasize certain data.

Negative Feedback

A process or response where the results of a behavior or action are used to decrease or dampen further occurrence of that behavior or action.

E-mail

A method of sending messages electronically from one computer user to another, typically via the internet.