Out of the over 20,000 that apply only about 2,000 go to Princeton a year!
Solution :
Account Estimated Estimated
receivable loss% bad debts
Current 250,000 0.5 1250
1-30 days of past due 90,000 1.0 900
31-60 days of past due 20,000 2.0 400
61-120 days of past due 11,000 5.0 550
121-180 days of past due 6,000 10.0 600
Over 180 days of past due 4,000 25.0 1000
Total account receivable 381,000 4700
a). The amount for the bad debts expense is = 4700 - (4350 - 3830)
= 4180
b). Balance in the accounts receivable
Accounts receivable = 381,000
Less : allowance for bad debts = - 4180
Net realizable value of the accounts receivable = 376,820
c). Bad debts expense
a). 4180
Balance: 4180
The allowance for un-collectible account
Beg. Bal : 4350
write off : 3830
a). 4180
Balance 4700
In the context of the Weberian model of the U.S. class structure, Kevin most likely belongs to the
<h3>
What is Class Structure?</h3>
This refers to the different social classes in which a person belongs to based on his contributions to society and other factors which includes work hours and paycheck.
With this in mind, based on the fact that Kevin is a clerk and earns around $40,000 yearly, and has basic literacy skills, then we can categorize Kevin as a working class man.
Read more about class structure here:
brainly.com/question/26329893
Explanation:
30%
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The heading of the business letter should contain a return address which is consists of about two or three lines followed by the date. Before putting a date, you can even put a telephone number, fax number, and email address in the business letter. Business letters are formal letters from a company and to external parties and clients.
