On December 31 of the current year, Jerome Company has an accounts receivable balance of $329,000 before any year-end adjustment
s. The Allowance for Doubtful Accounts has a $1,100 credit balance. The company prepares the following aging schedule for accounts receivable: Total Balance
1-30 days
31-60 days
61-90 days
over 90 days
$329,000
$160,000
$90,000
$51,000
$28,000
Percent uncollectible
1%
2%
3%
20%
What is the Allowance for Uncollectible Accounts at December 31 of the current year after adjustments?
Sustainability can be basically defined as the ability to last constantly.
The theory of sustainability tries to describe a type of society and economy that is long lasting and can be lived on a global scale.
Sustainability in business is the proposition that if the companies act responsibly towards the environment and the society, they will be able to outperform their peers. When they focus on the world's problems and see them as marketing opportunities they will be able to perform better than their peers.
