Answer:
1/12
Step-by-step explanation:
You are close but 1/27 includes people who did not study but still passed. If you want a singular value you should look at the value for the for only the people who studied even if they passed.
<span>To remove any negative sign in front of a number, and to think of all numbers as positive (or zero). Example: |5|=5</span>
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