Answer:
$378,000
Step-by-step explanation:
The computation of the bad debt expense for the year is shown below:
Bad debt expense = Outstanding account receivable × estimated percentage given - credit balance of allowance for doubtful account
= $6,500,000 × 0.06 - $12,000
= $390,000 - $12,000
= $378,000
We simply deduct the credit balance from the estimated balance so that the correct amount could arrive
You have 11 items and you need to choose 5 of the 11.
There are 462 ways to choose them.
The formula is :
11! / (5!6!)
n!/(r!(n-r)!)
