Aspen Corporation Data for Aspen Corporation for the year ended December 31, 2012, are presented below. Credit sales $2,100,000 Sales returns 150,000 Gross accounts receivable (December 31, 2012 ) 420,000 Allowance for bad debts (Before adjustment at December 31, 2012 ) 25,000 Estimated amount of uncollected accounts based on an aging analysis 75,000 Refer to information provided for Aspen
Corporation. If Aspen uses the aging of accounts receivable method to estimate its bad debts, what amount will be reported as bad debt expense for 2012?
A) $50,000
B) $75,000
C) $78,000
D) $53,000
A
You might also like to view...
Carboi is a company that offers consumers the opportunity to buy carbon offsets, which are contributions to projects that combat global warming by reducing carbon emissions
Carboi offers contribution packages for driving, flying, and home energy use. Through Carboi, consumers can pay some of the ________ costs of their private goods and services. A) promotional B) safety C) recovery D) distribution E) social
If a business could produce the same hamburger with less expensive inputs, it would probably see a decrease in profits.
Answer the following statement true (T) or false (F)
?Marketing objectives should be stated in such a way that the degree of accomplishment can be measured accurately.
Answer the following statement true (T) or false (F)
To guarantee good media selection, the advertiser must first clearly specify its
A. promotion objectives. B. budget. C. advertising campaign. D. target market.