subject
Business, 12.03.2021 15:20 deena7

Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The following information comes from the accounting records of Creek Co.: Cash sales$290,000 Credit sales 710,000 Total sales 1,000,000 Credit balance in the Allowance for Doubtful Accounts 8,000 Bad debt loss rate 3% What is the estimate of bad debt expense

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:40
In allentown, pennsylvania, in the summer of 2014, the average price of a gallon of gasoline was $3.68long dasha 22-cent increase from the year before. many consumers were upset by the increase. one was quoted in a local newspaper as saying, "it's crazy. the government should step in." source: sam kennedy, "valley feeling pain at the pump," (allentown, pa) morning call, june 21, 2014. suppose the government had stepped in and imposed a price ceiling equal to old price of $3.46 per gallon. a. using the line drawing tool, draw and label the price ceiling. carefully follow the instructions above, and only draw the required object.
Answers: 3
question
Business, 22.06.2019 14:30
Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be
Answers: 3
question
Business, 22.06.2019 23:00
Which of the following is true of website content? it should be refreshed periodically to keep customers coming back. once the content has been written and proofread it shouldn't be changed. grammatical errors are not a problem because the customer visits the site to purchase a product, not check the site's grammar. it should be limited to text and shouldn't include multimedia.
Answers: 1
question
Business, 23.06.2019 01:00
As more people migrated west during the gold rush, what do you think happened to the demand curve in most western markets, holding all else constant? a. there was no shift, nor any increase or decrease in quantity demanded. b. there was no shift, but there was a decrease in quantity demanded. c. the demand curve shifted to the left. d. the demand curve shifted to the right. e. there was no shift, but there was an increase in quantity demanded.
Answers: 2
You know the right answer?
Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The follow...
Questions
question
Mathematics, 05.02.2022 18:30
question
Mathematics, 05.02.2022 18:30
question
Mathematics, 05.02.2022 18:30
question
Mathematics, 05.02.2022 18:30
question
Mathematics, 05.02.2022 18:30