Database management system (DBMS) administrative functions include adding structures to improve the performance of database applications

Estimated residual value can be zero if the company does not expect to receive anything when disposing of the asset

Indicate whether the statement is true or false

At the beginning of 2017, Delicious Drinks, Inc has the following account balances

Accounts Receivable $44,000 (debit balance) Allowance for Bad Debts $6,000 (credit balance) Bad Debts Expense $0 During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000, and $18,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 3.5%. The ending balance of Accounts Receivable is ________. A) $44,000 B) $66,000 C) $56,140 D) $18,000