The data presented below for Pharma Corp is for the year ended December 31, 2015: Sales (100% on credit) $1,400,000 Sales returns 30,000 Accounts Receivable (December 31, 2015) 170,000 Allowance for Doubtful Accounts [Cr. Balance] (Before adjustment at December 31, 2015) 1,300 Estimated amount of uncollectible accounts based on aging analysis 14,000 See the data for Pharma Corp If Pharma Corp
uses the aging of accounts receivable approach to estimate its bad debts, what amount will be reported as bad debt expense for 2015?
a. $12,700
b. $13,700
c. $14,000
d. $15,300
a
Business
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"What attachments are required when requesting travel assistance?" is an example of a(n) _____ question
a. open-ended b. specific c. closed d. None of the above
Business
Louie is an HR manager at an investment company that is in the process of revamping its employee selection process by applying the PROCEED Model. Louie is currently selecting his interview team and developing the methods for interviewing. Which letter of the PROCEED model does this task involve?
a. C b. D c. E d. P e. O
Business