Answer:
The correct answer is $4,500.
Explanation:
According to the scenario, the given data are as follows:
Uncollectible Account receivable = $5,000
Account receivable balance = $100,000
Allowance for Doubtful Accounts = $500
Credit sales = $150,000
So, we can calculate the bad debt expense by using following formula:
Bad debt expense = Uncollectible Account receivable - Allowance for Doubtful Accounts
by putting the value, we get
Bad debt expense = $5,000 - $500
= $4,500.
To accurately determine the financial performance of a company, it is necessary to compare its performance from <u>year to year</u>.
In order to accurately determine the financial performance of a company, financial statements are used in evaluating, which include the balance sheet, statement of cash flows, and the income statement.
Financial performance indicators are quite necessary as they are quantifiable metrics which are used to measure how well a company is doing. Some companies also hire an outside accounting firm to audit the financial statements.
Hence, it is necessary to compare the financial performance of a company from year to year.
To learn more about financial performance here:
brainly.com/question/17307055
#SPJ4
Answer:
Is this reading then answering questions or....
Explanation:
I dont get the question sry but I'll try to help
Answer:
the correct answer is D
D. If the end result from the second column is not 3, then the sum of the
numbers in the first column equal to the sum of the numbers in the
second column.
Explanation:
since e are given the first column operation of the numbers. The operational process is repeated on the number of the second column we can then conclude by choosing option <em>D if the end result from the second column is not 3, then the sum of the
numbers in the first column is equal to the sum of the numbers in the
</em>
<em>second column.</em>
