TechCom Ages Its Accounts Receivables to Determine the End of the Period

question 23

Multiple Choice

TechCom ages its accounts receivables to determine the end of the period adjustment for bad debts.At the end of the year,management estimated that $12,750 of the accounts receivable balances would be uncollectible.The Allowance for Doubtful Accounts had a debit balance of $175.What entry should TechCom make at the end of the year,for the estimated bad debts expense?

Interpret the implications of exchange rate movements for international business and investment risks.

Understand the basic principles and purposes behind different sampling methods.

Identify and explain the advantages and disadvantages of various sampling techniques.

Recognize the ethical considerations in choosing a sample size and method.

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Definitions:

Sales Budget

A detailed projection of anticipated sales, used for planning and managing resources in a business.

Optimistic Sales Budget

A sales budget that is prepared with the expectation of achieving the best-case scenario in sales volume and revenue.

Excessive Inventories

Situation where a company holds a larger quantity of inventory than necessary, which can tie up capital and increase holding costs.

Financial Planning Models

Tools or software used for forecasting a business's financial performance, evaluating business strategies, and planning for future financial actions.