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
The solution is (5, 15)
Multiply the second equation by 2 and then add through.
3x + 2y = 45
8x - 2y = 10
-----------------
11x = 55
x = 5
Then plug in to get the y value
3(5) + 2y = 45
15 + 2y = 45
2y = 30
y = 15
Answer = $213.72
Net pay = $213.72 (Rounded off to 2 decimal points)
