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lorasvet [3.4K]
3 years ago
12

San Mateo Company had the following account balances at December 31, 2018, before recording bad debt expense for the year: Accou

nts receivable $ 1,400,000 Allowance for doubtful accounts (credit balance) 22,000 Credit sales for 2018 1,950,000 San Mateo is considering the following approaches for estimating bad debts for 2018: Based on 3% of credit sales Based on 6% of year-end accounts receivable What amount should San Mateo charge to bad debt expense at the end of 2018 under each method
Business
1 answer:
daser333 [38]3 years ago
5 0
300-200=100 I’m so smart
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The answer is FALSE

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Based on the fact that Speedy Motors is in the automotive industry, some micro and macro challenges include:

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<h3>What are micro challenges?</h3>

Micro challenges are those that affect a company alone and not the economy.

Companies in the automobile industry face the micro challenge of having poor liquidity because cars might not be sold fast enough. They also have issues with retaining good labor which can help them remain competitive.

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