1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yakvenalex [24]
2 years ago
6

Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The following information comes from t

he accounting records of Creek Co:
Cash sales $250,000
Credit sales 750,000
Total sales 1,000,000
Credit balance in the Allowance for Doubtful Accounts 2,000
Bad debt loss rate 3%
What is the estimate of bad debt expense?
a. $30,000.
b. $22.500.
c. $28,000.
d. $24,500.
Business
1 answer:
Afina-wow [57]2 years ago
5 0

Answer:

b. $22.500.

The estimate of bad debt expense is $22,500

Explanation:

Method of Bad Debt estimation = Percentage of credit sale

Bad Debt Expense = 3% of credit sale  ($750,000)

Bad Debt Expense = 3% x $750,000

Bad Debt Expense = $22,500

You might be interested in
Which following statement about FAFSA process are TRUE?
aleksklad [387]
FAFSA stands for Free Application for Federal Student Aid. It is a form that can be prepared annually by current and prospective college students  in the United States to determine their eligibility for student financial aid. Hope this helps.
3 0
3 years ago
Question 4
denis23 [38]

Answer:

B. Accounts Receivable

7 0
3 years ago
Read 2 more answers
What is VAT number?why we need this?
mina [271]

Answer:

what is a vat

Explanation:

7 0
2 years ago
Read 2 more answers
Ball bearings,inc. faces costs of production as follows:
hichkok12 [17]
<span>Ball bearings can face both fixed and variable costs of production. If we take a look at the fixed costs these would be: the cost of the factory, the cost of the machine, the maintenance of the machine which are needed to create the ball bearings etc. The variable costs are: the wages of the employee, the cost of the raw materials, and utilities required to create the ball bearings.</span>
8 0
3 years ago
Read 2 more answers
Negotiations often involve three types of issues. For ______________ issues, the parties' preferences are directly opposed. For
NNADVOKAT [17]

Answer:

1. Distributive issues

2. Integrative issues

3. Congruent issues

Explanation:

Typically, for every negotiation process, any of the three kinds of issues are involved, this includes the following distributive, congruent, and integrative issues.

Hence, Negotiations often involve three types of issues. For DISTRIBUTIVE issues, the parties' preferences are directly opposed. For INTEGRATIVE issues, the parties have directionally-opposed preferences but value the issues differently. For CONGRUENT issues, the parties have the same preferences.

5 0
2 years ago
Other questions:
  • The Wayne City Council approved and adopted its budget for 2016. The budget contained the following amounts: Estimated revenues
    11·1 answer
  • Why were women paid lower wages than men for doing the same work?
    11·1 answer
  • If elodea is an aquatic plant, you can conclude that it releases which has into its environment as a result of photosynthesis?
    12·1 answer
  • Please help???/
    15·1 answer
  • Which of the following is an example of greenwashing?
    11·1 answer
  • Cover page styles in the cover page gallery match the preformatted ____ styles in word, making it easier to create a coherent st
    15·1 answer
  • On December 15, 19x5, FLM Corporation exchanged 2,000 shares of $10 par value common stock for land. The current market price of
    12·1 answer
  • Write a paragraph explaining what kind of assessment works best for you to really be able to show what you know. (Consider stand
    6·1 answer
  • Suppose a stock had an initial price of $50 per share, paid a dividend of $.80 per share during the year, and had an ending shar
    10·1 answer
  • After the computers dns cache is cleared, where will it most likely look to resolve the domain name the next time you enter ceng
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!