Use this information to answer the following question. The general ledger account for Accounts Receivable shows a debit balance of $50,000 . Allowance for Uncollectible Accounts has a credit balance of $1,000 . Net sales for the year were $522,000 . In the past, 2 percent of sales have proved uncollectible, and an aging of accounts receivable accounts results in an estimate of $13,500 of
uncollectible accounts. Using the percentage of net sales method, Uncollectible Accounts Expense would be debited for
a. $9,440.
b. $11,440.
c. $1,000.
d. $10,440.
D
You might also like to view...
If the maker of a note does not pay or renew a note at maturity, the note is said to be
a. dishonored. b. discounted. c. discontinued. d. dismantled.
Process innovation ______.
A. is the development and introduction of a brand-new product or service through changes in product design B. is the development and introduction of a brand-new product or service through changes in materials and components used in the product C. refers to the way materials are ordered and delivered to a company D. refers to the changes in the way in which product is produced or a service is delivered within the firm or across a supply chain.
Which of the following is NOT true regarding global pricing?
A. Firms do not encounter any unique challenges when pricing products globally. B. Economic conditions over the past decade have impacted global pricing for products. C. Technological advancements have made global pricing more transparent. D. Historically, companies have set prices for products sold internationally higher than the same products sold domestically. E. Pricing is a critical component of a successful global marketing strategy.
A bank office with five tellers, each with a separate line of customers, exhibits the characteristics of a multiphase queuing system
Indicate whether the statement is true or false