The amount of the bad debts expense adjusting entry is:$7665.
<h3>Bad debt expenses</h3>
Using this formula
Bad debt expenses=Sales×Estimated sales percentage
Where:
Sales=$1,095,000
Estimated sales percentage=0.7%
Let plug in the formula
Bad debt expenses=$1,095,000×0.7%
Bad debt expenses= $7,665
Therefore the amount of the bad debts expense adjusting entry is:$7665.
Learn more about bad debt expenses here:brainly.com/question/18568784
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Answer:
January cost allocated 9,900
February cost allocated 11,790
Explanation:
We will allocate the representative cost over the expected customer complaints during 2018:
$ 15,975 per month x 12 months / 21,300 complaints per year = $9 per complain solved
January processing customer complaints expense:
1,100 customers x $9 = $ 9,900
February processing customer complaints expense:
1,310 customers x $9 = $ 11,790
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Rhonda miller wants to take out a 4-year loan to purchase a car. What type of computation would she use to calculate her monthly payments?
⇒ <u>Present Value of an annuity</u>
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Hope that helps!
