A company has sales of $350,000 and estimates that 0.7% of its sales are uncollectible. The estimated amount of bad debts expense is $2,450.
$350,000 x .007 = $2,450

Name: A company has sales of $350,000 and estimates that 0.7% of its sales are uncollectible. The estimated amount of bad debts expense is $2,450. $350,000 x .007 = $2,450
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Question

Quizplus · Accepted Answer

The calculation of $2,450 as bad debts expense confirms that 0.7% of sales are estimated to be uncollectible based on the given information.

A Company Has Sales of $350,000 and Estimates That 0