Using the Percentage of Net Sales Method,uncollectible Accounts Expense for the Year

question 103

Multiple Choice

Using the percentage of net sales method,uncollectible accounts expense for the year is estimated to be $44,000.If the balance of the Allowance for Uncollectible Accounts is a $9,000 credit before adjustment,what is the balance after adjustment?

• A)$9,000
• B)$35,000
• C)$44,000
• D)$53,000

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Definitions:

Group Density

The degree to which members of a group are physically or socially close to one another.

Network Position

Refers to the specific location or role of an individual or an entity within a network, defining their level of influence, connectivity, and access to resources.

Satisfaction

The feeling of contentment or fulfillment obtained from achieving one's desires, expectations, or needs.

Decentralized Network

A network structure characterized by the distribution of resources and decision-making authority among all members rather than a central authority.