13) Twe methods of etimating uncollecte A) the direct write-off method and he peeo-comtetiom thod B) the grous-up method and the di t w o C) the allowance muthed and she amtiation th vabe D) the aging-of-accounts-receivabe method and the percent-of-ales od 14) The AlBowance for Bad Debts account has a credit balane of se etore the adpusting etry fo bad debts espense The company's management estimates that % of net edi sales will be uncollectible for the year 2019. Net credit sales for the year amunted to SI00 what in the amount of Bad Debts Expense reported on the income statement for 2019 14 A) S000 B) S14000 15) The Allowance for Bad Dybts has a credit balance of Sno00 before the adpasting entry for bad debt pense. After analvaine the aouunts in the arunts receivable ubsidiary ledger using the "ging-of- receivables method the cumnanacs management estimates that uncollectible accounts will be $15.000, What will be she ameunt of Bed Drhts Expense reported on the income statement? A) S23,000 15) D) SI5,000 C) So00 B) S7000 16) 16) The accounts receivable turnover ratio measures A) how many days it takes, on average, to collect receivables B) the number of times a company collects the average accounts receivable balance in a year C) how many days it takes, on average, to sell the inventory D) a company's ability to pay its current liabilities with its current assets 17 17) Logan Sales provides the following information: Net credit sales: $790,000 Beginning net accounts receivable: $43.000 Ending net accounts receivable: $22,000 Calculate the accounts receivable turnover ratio. (Round your answer to the nearest whole number.) D) 34 times C) 36 times B) 18 times A) 24 times 18) The accounts receivable tumover ratio for a merchandiser is 9.7 times. Calculate the days' sales in receivables for the merchandiser. (Use 365 days in calculations as needed. Round your answer to the nearest day.) A) 38 days C) 41 days D) 34 days B) 29 days 19) Which of the following is included in the cost of a plant asset? A) regular repair and maintenance costs B) wages of workers who use the asset in normal operations C) replacement of damaged parts of the asset D) amounts paid to make the asset ready for its intended use