Niagara Art is a new business
During its first year of operations, credit sales were $41,000 and collections of credit sales were $37,000. One account, $700, was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. Bad debts expense for the first year of operations is ________.
A) $120
B) $820
C) $700
D) $1,560
B .Bad debts expense = ($41,000 x 0.02 ) = $820
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Comprehensive income is
a. considered an appropriation of retained earnings when reported in the stockholders' equity section of the balance sheet. b. the result of all events and transactions that affect income during the accounting period that are reported on the income statement. c. reporting all items that are not under management's control on the statement of retained earnings. d. an all-inclusive approach to income that includes transactions that affect stockholders' equity with the exception of those transactions that affect owners.
A retailer that is hard to get to, even if the customer can see it, has low
A. cumulative attraction. B. accessibility. C. availability. D. visibility. E. compatibility.
Explain how inertia gets in the way of proactive change.
What will be an ideal response?
Maureen, hospital administrator for Trinity Hospital, would like to set up a work schedule for the hospital’s nurses. Each nurse will work for eight consecutive hours. The minimum number of nurses needed in each of six 4-hr time intervals is shown in the following table. At the optimal staffing level, how many nurses will start their shift at 8 a.m.?
A. 21
B. 4
C. 12
D. 8