At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: 1. Accounts not yet due = $70,000; estimated uncollectible = 4%.2. Accounts 1-30 days past due = $30,000; estimated uncollectible = 15%.3. Accounts more than 30 days past due = $5,000; estimated uncollectible = 40%. Record the year-end adjustment for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts is $1,200 (debit).
What will be an ideal response?
| Bad Debt Expense | 10,500 | ? |
| Allowance for Uncollectible Accounts | ? | 10,500 |
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The price-value formula:
A. connects cost, value, and price. Cost and price can vary but value cannot. B. tries to translate features into advantages and advantages into benefits. C. is generally used when the buyer is convinced that the buying the product is a good deal. D. is a description of the buyer's thinking process and an explanation of why price objection is heard so often. E. is the answer to "your price is too high" objection.
Your first job was with a business supplier. Then you moved to a not-for-profit organization. In terms of channel lengths, you've worked primarily with ____ channels.
A)? Long B)? Short C) ?Intermediary D)? Retail E) ?Wholesale
Which statement about the grapevine is correct?
A) It moves information rapidly through the organization. B) It is less active during times of uncertainty, such as layoffs, mergers, and branch closings. C) Most of the information communicated through the grapevine pertains to personal matters. D) Information spread through the grapevine is usually incomplete. E) It is not an important communication network in large organizations.
Verci and Banok skidded on the ice and hit a telephone pole. Their car suffered severe damage to the front end. This expense will be covered under part D called
A) liability coverage. B) damage to your automobile coverage. C) underinsured damage coverage. D) property damage coverage.