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julsineya [31]
1 year ago
14

If foster were to use the percentage-of-receivables method for estimating bad debts, what would be the net

Social Studies
1 answer:
Oduvanchick [21]1 year ago
3 0

If foster were to use the percentage-of-receivables method for estimating bad debts, a rate, number, or amount in each hundred "the percentage of cesareans at the hospital was three percent higher than the national average.

Correct Answer is d) $548800

Using the percentage of receivable

Accounts receivable $560,000

% of bad debt 2%

Bad debt expense $11,200

Net realizable value ($560000-11200) $548,800

Accounts Receivable

 Debit Credit Balance

Beginning Balance     $90,000

Credit Sales $600,000   $690,000

sales return and allowances   $30,000 $660,000

cash collection   $85,000 $575,000

write off   $15,000 $560,000

Learn more about percentages here

brainly.com/question/24304697

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