Business, 19.03.2020 23:29 tyanadashay99
During its first year of operations, Bay Area Auto Parts sold merchandise to customers for $320,000. Based on industry standards, the company decided to create allowance for doubtful accounts for 1% of sales revenue. The company collected $295,000 from customers who purchased inventory on account. During the year, the company wrote off $1,400 as uncollectible accounts. What is the balance of "Allowance for Doubtful Accounts" at the end of the year?
Answers: 1
Business, 22.06.2019 19:50
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Business, 22.06.2019 21:30
Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.
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Business, 22.06.2019 21:50
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Answers: 1
During its first year of operations, Bay Area Auto Parts sold merchandise to customers for $320,000....
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