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A company uses the percentage-of-sales approach to estimate bad debts. Sales for the year were $750000 and gross profit was $450000. The company estimates that

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A company uses the percentage-of-sales approach to estimate bad debts. Sales for the year were $750000 and gross profit was $450000. The company estimates that 5 per cent of sales are uncollectible Required What is the company's estimated bad debt expense for the year? Would your answer change if the company was able to increase its gross profit from its sales

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