A company using the percentage of sales method for estimating bad debts has sales of $350,000 and estimates that 1.0% of its sales are uncollectible. The unadjusted balance in Allowance for Doubtful Accounts is a $500 credit. The estimated amount of bad debts expense is $3,000.
Answer the following statement true (T) or false (F)
False
$350,000 × 0.01 = $3,500 (existing balance in Allowance for Doubtful Accounts is ignored.)
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A. allows the non-breaching party to waive his or her right to insist on complete performance. B. requires the plaintiff to recover damages only in case of physical injuries. C. requires the plaintiff to do so without undue risk, expense, or humiliation. D. is not applicable unless the defendant had reason to foresee them at the time the contract was created.
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A) relate to the audience's self-interest by showing that the product will produce the desired benefits B) attempt to stir up either negative or positive emotions that can motivate purchase C) range from love, joy, and humor to fear and guilt D) are directed to an audience's sense of what is "right" and "proper" E) are based on the idea that practical benefits are more important for consumers than emotions
Here are the check for the electric bill and the money for the rent
What will be an ideal response?