The data below is for Benton Corporation for 2015. Accounts Receivable—January 1, 2015 $334,000 Credit sales during 2015 850,000 Collections from credit customers during 2015 725,000 Customer accounts written off as uncollectible during 2015 Allowance for Doubtful Accounts [Credit Balance] (After write-off of uncollectible accounts) 12,000 1,700 Estimated uncollectible accounts based on an
aging analysis 13,200 Refer to the data for Benton Corporation. If the aging approach is used to estimate bad debts, what amount should be recorded as bad debt expense for 2015?
a. $ 2,900
b. $11,500
c. $23,500
d. $26,900
b
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Bargains are illegal if they involve a crime or tort but not if they are merely against public policy
Indicate whether the statement is true or false
Snow-Man manufactures a cotton candy machine. It will not sell its machine unless the buyer purchases at least five dozen paper cones for holding the cotton candy. Snow-Man's requirement is: A) an example of an exclusive dealing contract
B) a tying arrangement. C) a requirements contract. D) a convenience for the buyer.
The confidence interval estimate of the expected value of y for a given value x, compared to the prediction interval of y for the same given value of x and confidence level, will be:
a. wider. b. the same. c. narrower. d. impossible to know.
The rise of e-commerce, green business, and telecommuting are examples of the Key Business Rule focused on which theme?
A) competition B) common economy C) ethics D) social differences E) uncertainty