An award of child support to be paid to the custodial parent by a noncustodial parent is a fixed amount that cannot be modified with changing conditions

During the year, Bernard Company had net credit sales of $45,000. At the end of the year, before adjusting entries, the balance in Accounts Receivable was $ 12,500 (debit) and the balance in Allowance for Bad Debts was $650 (credit). If the company uses an income statement approach to estimate bad debts at 5%, what is the ending balance in the Allowance for Bad Debts account?

A: $1,275 B: $1,600 C: $2,250 D: $2,900

Declining brand loyalty has led marketers to place less of their total marketing communication budgets in sales promotions

Indicate whether the statement is true or false