A company has net sales of $50,000 during the year. At year end (before an adjustment is made), Allowance for Uncollectible Accounts has a credit balance of $2,500. If the company estimates that 3 percent of net sales are uncollectible, what is the balance in the allowance account after the year-end adjustment has been made using the percentage of net sales method?
A) $1,500 debit balance
B) $1,500 credit balance
C) $4,000 credit balance
D) $1,000 debit balance
C
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Activity drivers measure the number of times an activity is performed
Indicate whether the statement is true or false
Kenny Michaels is a sophomore in college and he has belonged to a fraternity for two years. This fraternity “hazes” or actively initiates its pledges or potential members. These activities sometimes include dangerous and/or illegal activities. Kenny willingly and eagerly participates in these hazing activities. What level of moral development characterizes Kenny’s beliefs and actions?
a. pre-conventional b. conventional c. post-conventional d. ultra-conventional
What is the result in B7?
a) 2,316.35
b) 27.27%
c) -2,316.35
d) -14.36%
e) 0
Whomever has a well written resume will be interviewed for the position
What will be an ideal response?